Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. MBA forecasts that the unemployment rate will dip below 4% next year, ending the year at 3.5%. What if it doesn’t?).

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Marketing Mortgage Supply Chain Inventory 458

Simonson Real Estate

OCTOBER 23, 2020

The client should be clear that the assessment is performed at a point in time and that the market value opinion is – as of a specific date – the effective date. Since COVID, one key area that takes on heightened importance is our regional and local market analysis section’s current environment. Regional Analysis is Relevant.

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Appraisal Retail Tenants Real Estate 143

The Robert Weiler Company

OCTOBER 21, 2022

The short answer: A commercial real estate appraisal is a calculated assessment of value for any type of commercial property. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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Property Metrics

AUGUST 13, 2020

In this article, we’ll look at eleven types of risk in commercial real estate investment. . A liquid asset is one that can be sold immediately at market value. If an owner had to sell a piece of real estate by the end of the day, chances are that it would be for a price far below market value. Construction Risk.

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CP Home Appraisals

AUGUST 27, 2018

The bulk of the appraiser’s work is focused on market analysis to decide market value based on “assumed” condition of the house. ” Furthermore, having a home inspection report ready for your appraisal will help them accurately value the property without having to “guess” at the overall condition.

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Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. Not sure if you want to subscribe?

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McKissock

JANUARY 31, 2023

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

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Real Estate Agent Real Estate Agents Appraisal 97

Empire Appraisal Group

FEBRUARY 9, 2023

One of those guidelines requires building departments to not issue building permits to homes in special flood zones when repair costs exceed 50% of a home’s market value until the property owners raise their homes so that flood waters are less likely to cause damage in the future.

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McKissock

OCTOBER 1, 2022

Both you and the underwriter must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. Any improvements should conform to the neighborhood in terms of age, type, design, and materials used for their construction.

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Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. Here are some links to other articles I’ve enjoyed recently! They get to choose the upgrades, the style and layout of the home. Now starts the wear and tear.

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Appraisal Today

JANUARY 19, 2024

For the sake of simplicity, this article touches on merely three such biases: anchoring bias, selection bias, and confirmation bias. Despite what some highly placed authorities in the GSEs mistakenly would have us believe, the contract price, in and of itself, is not indicative of a property’s market value. I was wrong.

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McKissock

MARCH 22, 2022

You must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. Any improvements should conform to the neighborhood in terms of age, type, design, and materials used for their construction. Consider each home on a case-by-case basis.

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Appraisal Design Appraisal Process Market Value 90

Cleveland Appraisal Blog

MARCH 30, 2021

According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. So, my aim in this article is not to place blame on anyone. I had new construction sales that were very comparable. That is a lot of bread!

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Housing Market Marketing Reconsideration of Value Contracts 367

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

Rowe Appraisal Group

MAY 6, 2020

The Starbucks coffee analogy he employs is such a great illustration and I highly recommend checking his article out here ( [link] ) The surprising thing Ryan pointed out, though, is that we often ignore these economies of scale when we make assumptions about the price per square foot of residential property.

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Rowe Appraisal Group

MAY 6, 2020

The Starbucks coffee analogy he employs is such a great illustration and I highly recommend checking his article out here ( [link] ). In our Chicago market (as well as many others), the larger homes tend to have higher-end finishes and therefore, higher construction costs.

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Real Estate Construction Architecture Realtors 36

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

They were one of the original forms of animation according to that article. This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value. Is there new construction in the area? At that time, it was patented by John Barnes Linnett. IMPROVEMENTS.

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Appraisal Development Market Value Clients 342

McKissock

JANUARY 14, 2022

The negative impacts on the marketability of residential properties caused by odors from pet dander, feces, and urine can be significant factors in the price a buyer is willing to pay. four-year-old masonry house of well above average quality construction. For example: I had an assignment to appraise a 3,500 sq.

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Appraisal Tenants Inspection Market Value 77

Property Metrics

FEBRUARY 2, 2023

In this article, we’ll take a closer look at the loan to value ratio and walk through several examples. What is the Loan to Value Ratio? The Loan to Value (LTV) is the ratio of the loan amount to the value of a property. We will review these calculations step by step later in this article.

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Real Estate Investing Appraisal Investors 41

McKissock

OCTOBER 23, 2020

Construction faults. These cases often require appraising the damage caused by incorrect construction techniques or similar problems. This could be for estate or probate cases, and often involves determining a retrospective market value if a taxpayer neglected to obtain an appraisal when property was inherited.

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Appraisal Insurance Legal Development 77

Appraisal Today

OCTOBER 7, 2022

If it had a market value of $345k, it would have listed at $345k!”. “Owning this house is a bit like being a celebrity in very weird, eclectic circles,” he said in a recent interview, noting how architecture students would regularly visit to study the home’s sculptural construction. To read more click here.

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Appraisal Contracts Architecture Housing Market 52

McKissock

SEPTEMBER 10, 2020

Sometimes, particularly in the context of litigation, a potential client or the WUR appraiser will assume market value and value-in-use are the same. Value in use requires considering the business as a going concern. A value-in-use does not represent what the real property may exchange for on the open market.

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Appraisal Valuation Real Estate Design 54

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. in addition to taking pictures.

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Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. That article came out in 2014 right as the housing market was peaking.

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Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. In this article, I’ll share the steps, what to include, what not to includes, and how to assemble a CMA report that’ll impress your clients.

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Marketing Real Estate Agent Clients Tools 410

AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. This article discusses what an appraisal requires, why it needs to be reviewed and the methods involved in arriving at both conclusions.

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Real Estate Appraisal Valuation Clients 36

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

APRIL 12, 2024

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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Appraisal Construction Contracts Architecture 77

McKissock

JUNE 27, 2021

As new health concerns arise, the need for new construction will remain prevalent. Cap rates: To find this, you divide the NOI by the current market value. Location and demographics: Your value will go up if you’re in a high-traffic area with good visibility. Buildings used for science and research were in high demand.

Real Estate 59

Real Estate Investing Retail Tenants 59

The Robert Weiler Company

MAY 18, 2022

Though, keep in mind that commercial real estate doesn’t always sell at market value. Any construction, upkeep or upgrades, and structural enhancements should have receipts and before and after photos. But you can estimate your ROI based on comparable property sales. Got Questions?

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Real Estate Tenants Retail Investing 148

Appraisal Today

JULY 1, 2022

Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. Subject Property Actual Location. By Dave Towne. By Jamie Owen. Depreciation!

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Appraisal Contracts Insurance Real Estate 52

Cleveland Appraisal Blog

MAY 13, 2021

If you don’t want to take my word for it, there are some nice articles that discuss this. Here’s a link to one article entitled, “No Two People Ever See the Same Rainbow” Check out this cool video of different kinds of rainbows. This is the strongest seller’s market I have ever seen.

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Appraisal Today

JANUARY 5, 2024

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. In this article, I don’t focus on losing weight, which is one of the hardest goals to achieve. Chance to really irritate annoying real estate salespeople.

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Appraisal Today

FEBRUARY 16, 2024

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. This is one of the best short articles on residential to commercial.

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Appraisal Today

OCTOBER 20, 2023

Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. If these articles helped you get one non-lender appraisal, it is worth the subscription price! Google Business Profiles are free and easy to set up. Get on the top of Internet searches.

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Property Metrics

MAY 28, 2021

Economic obsolescence – sometimes called external obsolescence – is the depreciation in the market value of a property due to external factors that cannot be controlled by the owner. .

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Real Estate Tenants Modernization Renovations 50