Remove Architecture Remove Construction Remove Market Value Remove Valuation
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When to Apply Extraordinary and Hypothetical Assumptions

Boston Appraisal

The process of determining a property’s market value is called a real estate appraisal. The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction. the value opinion in an appraisal).

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Savvy real estate agents look beyond ChatGPT

Housing Wire

Geoff Hinton, a professor at the University of Toronto, and two students, constructed a viable neural network. McKinsey reports that the real estate industry will see a productivity gain of $110 billion to $180 billion, primarily in marketing and sales. However, it was deemed as too challenging technologically so it languished.

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Desktop Appraisals: Who, When, and Why

Appraisal Today

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. North Carolina’s Most Expensive Listing – $50M Excerpts: 7 bedroom 7.5+

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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. 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.

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Appliances for FHA appraisals

Appraisal Today

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” His law practice is dedicated to valuation issues.

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Appraising Historical Homes

Appraisal Today

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians.

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NAR Appraisal Survey 2022

Appraisal Today

Eleven percent cite evaluations (non-appraisal opinions of value). The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. If it had a market value of $345k, it would have listed at $345k!”. While agents can “puff” we cannot!