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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. Take a look at some of the most recent press – The New York Times published an in-depth article in April 2022: “Reverse Mortgages Are No Longer Just for Homeowners Short on Cash.”.

Mortgage 392
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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.

Appraisal 309
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How to Market A Luxury Home the Right Way

McKissock

A little bit of friendly competition encourages bidders to commit to properties they love, which increases the chances of your home selling at market value or above. Learn more ways to think outside-the-box with your marketing at one of the Institute’s online or in-person training sessions. Stage it professionally.

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Three Types of Commercial Real Estate Obsolescence

Property Metrics

” If there is curable functional obsolescence, it means that the property could be renovated or upgraded in a cost efficient manner to bring the property up to modern standards. If it exists, it is up to the property owner/investor to assess the cost of repair/renovation versus the benefits that they will receive from it.

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Appraising Historical Homes

Appraisal Today

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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How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

A July 2022 article in The New York Times traces how one man’s New York city real estate empire was allegedly built through a practice called deed theft, often targeting homeowners facing foreclosure. These institutional buyers purchased pre-foreclosure properties for 30% below estimated after-repair market value on average.

Buyers 386