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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “It’s a lot more than just pulling comps!”

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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

Because in both instances, they first had their homes valued by real estate agents, not appraisers. The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital property appraised.

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Strange Properties Appraisers Have Seen

Appraisal Today

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. How did they make more money on lender appraisals?

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. CMA reports are simple and effective tools.

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Interested in Selling Your Home Quickly? Try These Home Projects!

Cleveland Appraisal Blog

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! If you’re a homeowner who plans to put your property up for sale, it’s important to make sure everything is in the best condition possible. I hope you enjoyed Penny’s article!

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How to negotiate your home purchase offer

Housing Wire

Consider an appraisal gap: Adding an appraisal gap to your offer tells the seller that even if the property appraises for less than the purchase price in the contract, you are committing a preset dollar amount to making up the shortfall. There is a chance they could offer an appraisal gap and never have to use it.

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Appraisals derail sales in the tight Chicago market!

Chicagoland Appraisal Blog

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago. What can you do in that situation?