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Savvy real estate agents look beyond ChatGPT

Housing Wire

AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. Combining the strengths of AI with the expertise and insights of real estate professionals could provide the best results in accurately assessing the market value of homes.”

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An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Architectural style. The appraisal will consider the market value of the land. Land value depends on: The location. For example, lots in major urban centers tend to have higher values than those in rural locations. The architectural design of the property. Neighborhood. You need land to build a house.

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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.

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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.” In and of itself, it is not market value. Built in 1970. Check out the photos! =

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USPAP Myths for Appraisers

Appraisal Today

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. baths An architectural masterpiece designed by World renowned architect Harry Gesner and a wonderful fusion of modern architectural style with Gothic castle.

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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. Good graphs on fees, turn time, and revision requests.