Remove Architecture Remove Design Remove Market Value Remove Sellers
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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. So how can real estate agents be so cavalier about their job? Chatbots nurture leads.

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An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Accurate home appraisals benefit both property buyers and sellers. On the other hand, sellers avoid underselling their homes. 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. The Sales Comparison Approach.

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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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Desktop Appraisals: Who, When, and Why

Appraisal Today

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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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.

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8 Home Appraisal Cost Factors in BC: What You Need to Know

D Fritz Appraisals

A home appraisal is a legal document that determines fair market value for a property. Occasionally, a seller will foot the bill if they are looking to incentivize the sale or demonstrate the potential for subdivision of the plot. Does the land have subdivision potential or is the home designated a heritage property?

Appraisal 103