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. Too many appraisers?

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Appraisal Law Development Valuation 309

Cleveland Appraisal Blog

MAY 26, 2023

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.

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Appraisal Real Estate Agent Real Estate Agents 302

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. Hopefully, you found this article to be interesting. Depreciation!

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Appraisal Development Market Value Tenants 279

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

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Inventory Market Value Appraisal Contracts 243

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 418

Cleveland Appraisal Blog

AUGUST 11, 2022

I hope you find her article to be helpful! Although you probably won’t be able to sell your home at its actual market value, you will also save a lot of time and money. Most states prescribe a certain amount of time when the homebuyer can walk away from signing the purchase contract. I hope you will also… .

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Renovations Buyers Appraisal Investing 221

Appraiserblogs

OCTOBER 27, 2023

The real scourge of what’s been happening to appraisers for the past 5 years (yes, it started prior to the last election) has been revealed by Mr. Isaac Peck, in this article. Isaac has allowed me to “re-broadcast” his article. You really need to read it, perhaps again, if you saw it come through your email on Wednesday October 25.

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Appraisal Real Estate Agents Contracts 133

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 263

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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Appraisal Real Estate Real Estate Agent Contracts 76

McKissock

JULY 6, 2022

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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Clients Real Estate Contracts Sellers 87

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. An example of this in real estate appraisal is the purchase and sale contract. 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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Appraisal Contracts Real Estate Architecture 72

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. Click here to visit their website.

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Agents Appraisal Renovations Development 374

Clear Capital

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. VIEW ORIGINAL ARTICLE The post The cure for appraisal gap anxiety appeared first on ClearCapital.com, Inc.

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Appraisal Contracts Market Value Valuation 36

D Fritz Appraisals

FEBRUARY 22, 2023

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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Real Estate Investing Appraisal Market Value 125

Birmingham Appraisal

JANUARY 25, 2023

Tips For Agents on How to Adjust For Square Footage I wrote an article once titled “ Price per square foot is not the holy grail of property value ” where I explained that price per square foot should not be the only metric given consideration when pricing a home. If you liked this post subscribe by email (or RSS feed ).

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Agents Appraisal Contracts Buyers 76

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” “Market analysis and illustrations.”

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Appraisal Contracts Clients Marketing 109

Appraiserblogs

JUNE 15, 2022

The article does not stress ‘bad.’…. Low Appraised Value = Racial Bias? When the appraised value didn’t meet the sale price, the first assumption was that the appraiser conspired to lower the…. CALIFORNIA: WHERE RIGOROUS INQUIRY…. A Low Appraisal is Now a Bad Appraisal A low appraisal is now a bad appraisal.

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Appraisal Real Estate Clients Agents 125

Appraisal Today

NOVEMBER 25, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. Visualizing Market Activity Using Graphs & Trendlines. Is the Definition of Market Value Outdated?

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Appraisal Market Value Contracts Finance 52

McKissock

MAY 10, 2023

We all have skill sets and experience that we can market to potential mentors.” Traut recommends considering other entry-level and contracting jobs, such as completing quality-control reviews or managing appraisal orders for a bank or an AMC. There will only be a machine, and the value of your real estate will be dictated to you.

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Real Estate Appraisal Training Business 86

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. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. That is a lot of bread!

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Housing Market Marketing Reconsideration of Value Contracts 367

McKissock

JULY 11, 2022

Harrison, in the Fall 2006 issue of his Real Estate Valuation Magazine Online, included an article titled “Let’s Resuscitate the Cost Approach.” The contract price on the house was $144,000…You taught me well, I can’t say enough that if you know how to use this form correctly, you can value real estate.”

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Real Estate Appraisal Valuation Inspection 72

Appraisal Today

JANUARY 20, 2023

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. What is happening in your market? You may need to call agents to see the amount of concessions offered and make an adjustment based on its effect on market value.

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Appraisal Contracts Sellers Business 52

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? 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.

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Contracts Appraisal HOA Architecture 52

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Market Value Appraisal Buyers Marketing 418

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

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. I have included some of the articles below. USPAP and the Contract. They think it is a contract to hit (it isn’t).

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

OCTOBER 7, 2022

If it had a market value of $345k, it would have listed at $345k!”. If this article helped you understand more about disability insurance, it is worth the subscription price! Three articles about the current housing market “Big Picture” I have three links below showing that markets vary widely around the country.

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Appraisal Contracts Architecture Housing Market 52

Portland Appraisal Blog

APRIL 14, 2019

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Appraisers have a saying: one comp does not a market make.

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Appraisal Reconsideration of Value Agents Market Value 78

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. The average contract interest rate for 5/1 ARMs decreased to 5.71

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Appraisal Contracts Legal Business 74

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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Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

OCTOBER 20, 2023

If these articles helped you get one non-lender appraisal, it is worth the subscription price! The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.70 from 0.75 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Design Contracts Inspection 71

Listing Spark

DECEMBER 9, 2020

For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees). This could easily differ from state to state, but we find most markets in Texas tend to be similar. Title Company Fees.

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Sellers HOA Insurance Contracts 69

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. The average contract interest rate for 5/1 ARMs decreased to 4.64

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Appraisal Contracts Insurance Real Estate 52

Appraisal Today

JANUARY 27, 2023

= More layoffs at Reno-based Clear Capital AMC amid ‘seismic shift’ in housing market Excerpts: Latest news comes after last year’s restructuring when Clear Capital laid off more than a quarter of its global workforce. The article source above is the local newspaper Reno Gazette-Journal. Keep a very close watch on your unpaid billings!

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Appraisal Contracts Transportation Real Estate 52

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. 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. . Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

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 anything about the improvements that would positively or negatively impact its market value?

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Appraisal Development Market Value Clients 342