Cleveland Appraisal Blog

SEPTEMBER 3, 2021

MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. In my last article, I discussed how the square footage of many homes, as reported in public records, is inaccurate. However, when I looked at the photos, the home may have not been renovated.

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Agents Appraisal Renovations Development 374

Realvals

JANUARY 15, 2017

There are always pros and cons with any home renovation. Renovation pros and cons also apply when it comes to home appraisals. Renovations give your home the added value, but never as much as you spent on the renovations in the first place. The problem with renovations and appraisals. Not so much. Keep reading.

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Renovations Appraisal Home Value Buyers 78

Cleveland Appraisal Blog

APRIL 29, 2021

So, I am grateful for guest bloggers who provide me with some great articles to share with you. Any repairs that can be made without requiring an extensive renovation should be made, it’s a great move to ensure a higher value. It also makes it more likely that appraisers and buyers overlook or do not notice previous damage.

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Appraisal Investing Buyers Renovations 249

Cleveland Appraisal Blog

JUNE 18, 2022

I normally don’t post more than one article per week. This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. This article was written by Leslie Fields, the Executive Director, Owner’s Counsel of America.

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Appraisal Law Development Valuation 309

Cleveland Appraisal Blog

DECEMBER 31, 2021

That being said, I am happy to welcome back guest blogger Penny Martin with a new article she wrote on this topic. I hope you enjoy her article! Even if you have no plans to do serious home renovations, there should be a few essential projects on your to-do list. Deep Clean. Boost Curb Appeal.

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Real Estate Appraisal Real Estate Agent Buyers 195

Cleveland Appraisal Blog

APRIL 21, 2022

Often personal ideas of value are different than market value because the value is in the eyes of the beholder, which does not account for the entire market of potential buyers. Market value, therefore, considers the entire pool of potential buyers of homes that are similar to, and that compete with the property being appraised.

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Market Value Appraisal Agents Real Estate Agent 350

Cleveland Appraisal Blog

JUNE 17, 2022

The difference between what buyers are likely to pay for those improvements and the cost to replace them, less the land, is the depreciated cost of the improvements. Hopefully, you found this article to be interesting. Here are some links to other articles I’ve enjoyed recently! Thanks for being here!

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Appraisal Development Market Value Tenants 279

Zillow

JUNE 10, 2019

In today's market, many buyers forego fixer-uppers for move-in ready homes. That said, I often recommend that buyers live in a new home for a while before undertaking any major remodeling or pricey home improvements. I've seen buyers jump through hoops, spending months on end looking for a home. You need time to plan.

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Renovations Home Improvement Design Buyers 36

McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. Here’s how to handle emotional buyers like the pro that you are. As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. Kitchens can be renovated and landscaping redone.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

Empire Appraisal Group

JULY 15, 2021

Article Source: Does the Primary Bathroom Still Need a Tub? Many buyers may be unlikely to purchase a home without a bathtub even though renovation trends are moving toward fancy, supersized showers. Does the Primary Bathroom Still Need a Tub? Realtor Magazine. © National Association of Home Builders.

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Renovations Buyers Realtors Appraisal 78

Zillow

FEBRUARY 15, 2019

If you’re feeling discontent with your home, you may be thinking about renovating … or getting out entirely. Should You Renovate or Sell? The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow. Consider renovating.

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Renovations Home Improvement Inspection Real Estate 36

Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Here, Nicholson promises excellence, knowledge and personalized results for discerning buyers and sellers. She underscores her expertise and global experience.

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Real Estate Agent Real Estate Agents Clients 387

Cleveland Appraisal Blog

FEBRUARY 4, 2021

In the article, “How accurate is Punxsutawney Phil?”, According to an article in ctpost.com , “Most of the year, male and female groundhogs are solitary and antagonistic against each other. I wrote two articles about this in the past, where I demonstrate this. I know it’s just for fun. . www.anchor.fm/cash-appraiserstats.com.

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Advertising Valuation Appraisal Renovations 198

Empire Appraisal Group

JUNE 29, 2022

Those homes’ owners say they often feel embarrassed and angry and wonder what could be wrong with their house, according to an article at realtor.com®. They had constant buyer tours. Also, discuss what is turning off buyers from the home. Homes are selling within days or even hours—except for the homes that aren’t.

Real Estate Agent 78

Real Estate Agent Marketing Sellers Real Estate 78

McKissock

DECEMBER 20, 2020

In order to do this, homeowners may have to make renovations to the interior or exterior of their property. However, they are often working with limited budgets, which means that they need to focus on the most cost-effective renovations that will produce the greatest return on their investment. Clean, Clean, Clean. Let The Light In.

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Renovations Buyers Real Estate Agent Real Estate 94

Cleveland Appraisal Blog

JUNE 25, 2021

Even if they are completely renovated, they are still not considered to be new. Functional depreciation results when buyers pay less for a home, in comparison to other similar homes, because some aspect of it is less functional than other generally similar homes. That’s a topic for another article. FUNCTIONAL DEPRECIATION.

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Market Value Appraisal Marketing Buyers 244

PennyMac

SEPTEMBER 6, 2023

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition.

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Renovations Inspection Sellers Buyers 36

Lamacchia Realty

JULY 7, 2021

After massive renovations, 6 North Road in Chelmsford has a whole new look and is built to accommodate Lamacchia Realty’s Chelmsford agents as well as agents that were previously located in the Westford office. During the renovation period, Lamacchia Chelmsford agents operated out of the Westford Office. Anthony Lamacchia. No Comments.

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Business Renovations Realty Realtors 62

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M I’m always looking for something new = What Impact Do Renovations Have on Appraisal Value?

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Tools Appraisal Renovations Design 64

Zillow

DECEMBER 7, 2015

Incentives are common in buyers' markets to make a seller’s home more desirable than their competition, but sellers also have to get creative in slower times of the year or in parts of town where homes don't move quickly. Buy down their interest rate Most home buyers today need a mortgage to make a purchase.

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Buyers Sellers Advertising Agents 36

The Robert Weiler Company

MAY 18, 2022

All expenses associated with the commercial property should be included, such as repairs and renovations, commercial real estate loans and interest rates, and costs associated with selling commercial real estate (e.g., What a great selling point to a potential buyer! Consider going solar. Ensure the roof is fully intact.

Real Estate 148

Real Estate Tenants Retail Investing 148

Lamacchia Realty

MAY 6, 2021

This site gets over 3,000 views a day on average so having it be a clean and straightforward resource for buyers and sellers is of the utmost importance. Ensuring buyers, sellers, and agents alike feel serviced by this clean and slimmed-down site is no small feat. However, the ease of access to relevant content has never been better.

Realty 61

Realty Brokerage Sellers Renovations 61

Houston Properties

MAY 6, 2020

We’ve gained experience as the #1 boutique real estate team in Houston, and have gathered data from our database of 30,000 buyers. We have over 150 pages of guides that contain best practices, expert tips, market insight, and recent data on what buyers are looking for. READ THE TOP 10 HOME STAGING TIPS FOR SELLING YOUR HOME FAST.

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Renovations Realtors Sellers Home Improvement 66

Zillow

JANUARY 31, 2019

Some home buyers want new, modern and move-in ready. As a result, renovating and altering a historic home - particularly the building’s facade - will require a separate layer of approval and sometimes bureaucracy. As a result, renovations and planning can take longer and cost more. Many towns throughout the U.S.

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Architecture Renovations Decorating Construction 36

McKissock

APRIL 17, 2022

At the onset of the COVID-19 pandemic, real estate companies needed to find a way to reach potential home buyers without having physical contact. In truth, what was once a necessity has now proven its value to many buyers. Virtual tours will stick around because buyers have gotten used to having them. Enter the virtual tour.

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Buyers Real Estate Real Estate Agent Agents 65

Listing Spark

AUGUST 17, 2023

FHA loans are becoming an increasingly popular option for buyers all across the home market. Later in this article, we’ll explore some potential approaches in more detail. Buyers who are pre-approved for an FHA loan must comply with the FHA 90-day flipping rule. It’s not impossible, but it requires a lot of planning.

Investors 36

Investors Investing Buyers Real Estate 36

McKissock

JANUARY 31, 2023

Sometimes a homes across the street are not the same pool of buyers as a home a block away, even if it is the same builder and floor plan. Because of where buyers want to live. ” CE course: Residential Property Measurement and ANSI Z765 How renovations and upgrades affect value “Adjustments before and after remodeling.”

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Real Estate Agent Real Estate Agents Appraisal 97

McKissock

AUGUST 14, 2022

Do we have enough houses to meet buyer demand, or will seller listings continue to be snatched up before they hit the market? Now that interest rates are rising, there’s a true lack of affordable housing for buyers. But renovations probably won’t be enough, especially in populous cities with high demand.

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Inventory Construction Real Estate Renovations 68

Raleigh Realty

AUGUST 19, 2022

79 percent of millennials are first-time home buyers. As a result, finding a trustworthy agent is extremely important to millennial buyers because they are new to home buying. 67 percent of millennial home buyers would put an offer on a home in need of a full or partial renovation. They embrace the fixer-upper.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Buyers 78

McKissock

JULY 19, 2022

In terms of real estate, the internet has made it easier for affluent buyers to invest in real estate overseas. According to an article published in The Miami Herald , the FBI reported almost $1 billion was “diverted or attempted to be diverted” and wired to unlawful accounts in 2017. Overselling a recently renovated area of the house.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Housing Wire

JULY 14, 2022

This narrative was once again repeated in the HousingWire article announcing the FHA first-look program: “Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.”. The role of renovators. Net owner-occupancy rates.

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Renovations Investors Buyers Retail 340

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 76

Movoto

MARCH 29, 2024

On paper, it sounds easy: buy a home, renovate where necessary, and after screening prospects, place a well-qualified tenant on the property. To help future landlords, we’ve included a handful of useful tips throughout this article. But the reality of buying a home to rent out is a bit more complex. Get the funds.

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Tenants Landlords Investing Renovations 36

Will Springer Realtor

APRIL 23, 2024

Many experts in the construction business suggest the Home Energy Rating System index is most relevant to today’s consumers, including home buyers and sellers. It issues product-related labels that confirm the human and ecological safety and sustainability of both textile products and leather articles.

Construction 36

Construction Land Management Development Design 36

McKissock

OCTOBER 12, 2021

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. There is virtually no way to get a mortgage on the property in its present condition, so it takes a cash buyer. So is the right price to pay $150,000 (market value after renovations) – $90,000 (estimated cost to cure) = $60,000?

Appraisal 84

Appraisal Market Value Investors Buyers 84

McKissock

DECEMBER 21, 2021

Firstly, they appeal to a very extensive network of potential affluent buyers as well as marketing strategies that can connect locally, nationally, and even globally. Buyers must put down a non-refundable deposit, which can help eliminate uncertainty in the selling process. Promote it internationally. Stage it professionally.

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Marketing Decorating Buyers Training 86

Housing Wire

FEBRUARY 8, 2024

In this article What is real estate farming? Remember — most of the time, buyers and sellers may not be actively looking for your services, but when they are, real estate farming ensures you are always top of mind. Related Article 10 best real estate software solutions for agents in 2024 Then comes the in-real-life (IRL) fun.

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