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Historical Properties and Their Unique Appraisal Approaches

Boston Appraisal

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. Appraisers also utilize Local Town and State Databases of historical properties.

Appraisal 147
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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. Chatbots nurture leads.

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How to Price Your Home for the Current Market

Eppraisal

Comparable Properties (Comps) Listings with similar specs — lot size, square footage, number of bedrooms and bathrooms, floor plan, and architectural style — as your home sold within the past six months are excellent points of reference when pricing your house. Pay attention to rental inventory, too.

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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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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.