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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

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. Too many appraisers?

Appraisal 309
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Pros and Cons of Selling Your Home As-Is

Cleveland Appraisal Blog

I hope you find her article to be helpful! The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property. I hope her article gave you some things to think about if you find yourself in this situation.

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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches. Click here to visit their website.

Appraisal 302
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Non-Arms Length Sales for Appraisers

Appraisal Today

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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Using Equity To Buy A Second Home

D Fritz Appraisals

This article will discuss the definition of home equity and taking equity out of your home to buy another house in Canada. It represents the difference between what they owe on their home and its current market value. Home equity is like having money in the bank, but it’s tied up in your real estate. What Is Home Equity?

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4 Ways to Help Manage Client Expectations

McKissock

I would recommend including at least property access, financial outcomes, and potential roadblocks from contract to closing. Click here to read the full article. Seller-net sheets should include any and all anticipated costs it will take to sell their property against the backdrop of anticipated market value.

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