Remove Architecture Remove Buyers Remove Design Remove Market Value
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Savvy real estate agents look beyond ChatGPT

Housing Wire

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. will identify which buyers require immediate contact from the listing agent.

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An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Accurate home appraisals benefit both property buyers and sellers. Appraisals help buyers to get mortgage approval and avoid overpaying for their houses. The sales comparison approach determines the house's value based on the prices of similar houses that others have recently sold in the area. Architectural style.

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Lenders Not Using AMCs for Appraisals

Appraisal Today

The architectural marvel, known as the Rotating Home, sits high on Mount Helix. Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. It began with a summary of the definitions of highest and best use versus the definition of market value.

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Fannie Files Complaint Against Appraiser

Appraisal Today

Acre lot Situated in the foothills of the Sierra Nevadas, Mountain House stands as a testament to an architectural brilliance and a profound connection with nature. The architects, celebrated for their intelligent and compact designs created a livable work of art as their first and only home built in the United States. ” Game on!

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Appraiser Has Very Big Problems With Borrower

Appraisal Today

After a major interior makeover, the architecturally significant home is in Houston‘s upscale Piney Point Village neighborhood. That’s what makes midcentury architecture so appealing: It brings the outside in.” When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth.

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FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

By Jamie Owen Excerpts: The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. To read more, click here My comments: Worth reading.

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NAR Appraiser Survey July, 2023

Appraisal Today

The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than market value. Therefore, the final price may not reflect the market value of the property.