Birmingham Appraisal

JUNE 21, 2023

In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively. Importance of Accurate Pricing Accurate pricing is vital for both sellers and buyers. Common Appraisal Challenges That Impact Home Sales 1.

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Real Estate Agent Real Estate Agents Appraisal 76

Birmingham Appraisal

AUGUST 23, 2023

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

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Birmingham Appraisal

FEBRUARY 28, 2023

These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price. In this blog post, I will discuss some of the most common mistakes sellers should avoid during a real estate appraisal. If you liked this post subscribe by email (or RSS feed ). No related posts.

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Sellers Real Estate Appraisal Appraisal Process 79

Boston Appraisal

DECEMBER 11, 2023

The appraisal process is important for homeowners, buyers and sellers. You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. Visit www.bostonappraisal.com for more videos and blogs!

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Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. An example of this in real estate appraisal is the purchase and sale contract. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. percent from 6.93

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Birmingham Appraisal

JULY 7, 2022

These factors, as well as others, have an impact on home values because it affects buyer and seller behavior. If a buyer paid ‘X’ amount for a property similar to the one being appraised then other buyers will probably pay a similar price for the subject property.

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Birmingham Appraisal

DECEMBER 19, 2023

Most agents put together this information for potential buyers so why not share it with the appraiser? In addition to information about recent updates and renovations, you should also include the sales you used when pricing the home (your CMA). In addition to emotions, some buyers do not understand the concept of cost versus value.

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Real Estate Agent Real Estate Agents Appraisal 70

Listing Spark

JULY 21, 2023

Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. When buyers hire an agent, the licensed professional accesses the MLS to find properties that match the client’s needs and preferences.

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Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Having such a shortage of homes has made the housing market even more competitive for prospective buyers, creating a strong seller’s market.

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Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. TODAY’S HOME BUYERS ARE LIKE THE CARP. This year, it appears that buyer panic is even worse than last year. It is free to visit. That is a lot of bread!

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Appraisal Today

NOVEMBER 3, 2023

To read more, click here My comments: Be sure to read this blog post. NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. USPAP 2024 is effective January 1, 2024. percent from 7.90

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Appraisal Today

FEBRUARY 17, 2023

To read more of this long blog post with many topics, click Read More Below!! Read on blog www.appraisaltoday.com/blog Posted by noon Friday. Regarding our garage example, we might start with answering these types of questions: What have you observed about how buyer’s react to additional garages? percent from 6.18

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Real Estate Agent Real Estate Appraisal Agents 52

D Fritz Appraisals

MARCH 16, 2021

If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. Any non-permitted additions – if you’ve added a permanent structure without a permit, this can impact the value of your home and pass an unwanted issue on to the buyer. Plot/blueprint or property survey.

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer. percent from 0.6

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Appraisal Today

APRIL 7, 2023

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on ROVs, non-lender appraisals, appraisal business, unusual homes, mortgage origination stats, etc. == Amazing Guitar-Shaped House in Georgia Currently off market. “The percent from 6.45

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Appraisal Today

APRIL 21, 2023

One-Room Schoolhouse in New Role as an Adorable Tiny Home Excerpts: The recently renovated schoolhouse was built in 1860 to serve the farming community of Elizaville, NY—a hamlet in the towns of Clermont and Gallatin, which still had fewer than 2,000 residents as of 2022. The average contract interest rate for 5/1 ARMs increased to 5.56

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Appraisal Today

JUNE 3, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc. I don’t think that agents, appraisers, and buyers like this crazy market.

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Appraisal Today

JULY 7, 2023

Despite the home’s age, it isn’t a money pit or desperate for a renovation. Behold the affordable, flying saucer–shaped home that’s looking for a buyer to restore its otherworldly beauty. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.85

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Appraisal Real Estate Contracts Mortgage 77

The Robert Weiler Company

OCTOBER 21, 2022

Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. As a commercial real estate buyer or seller, it’s crucial that your commercial valuation is accurate and reflects the latest data. You may need a commercial valuation for many reasons. Keep your property up-to-date.

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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. Sometimes buyers like them and sometimes not. Many people don’t like them. baths, 2,973 sq.ft.,

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Quicken Loans

MAY 18, 2021

In situations where the loan contract includes a due-on-sale clause , immediate repayment might be the only choice you have if you want to inherit the home without occupying it. Because buyers will want you to complete all major renovations before they purchase, putting the home on the market could demand the most repair work.

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Landlords Decorating Market Value Mortgage 55

Appraisal Today

JANUARY 12, 2024

However, this blog shows that appraisers frequently do not make time adjustments, even when they are likely to impact the appraised value substantially. The main dataset used in this blog is a 5 percent sample of single-family housing in the Uniform Appraisal Dataset (UAD) that Fannie Mae and Freddie Mac (the Enterprises) collect.5

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Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. “subject to”? Photos and lots of examples.

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Appraisal Today

JULY 29, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. Spiking housing supply & fewer buyers.

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Real Estate Agent Real Estate Appraisal Agents 52

Birmingham Appraisal

NOVEMBER 14, 2023

Agents are looking out for the best interests of their clients and always want to sell their houses for the highest amount possible, however, unless a buyer is paying cash and does not need financing they will need to obtain an appraisal. The post My Top 8 Search Criteria For Finding The Best Comps appeared first on Birmingham Appraisal Blog.

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The Robert Weiler Company

SEPTEMBER 16, 2021

Now consider the buyer of a residential property, typically an individual looking for a place to call home. The most critical factors for commercial property investors are not the same as the typical home buyer. Independent and not contracted with any third party, institution, or broker. The primary concern is a place to live.

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Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies.

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Will Springer Realtor

AUGUST 30, 2022

Discerning buyers will know when a home has been left to, well, age gracefully. Surveys have shown that buyers tend to focus on the condition of the kitchen – including the age of appliances – and bathrooms (among other factors) to determine whether they wish to make an offer. Looking to change out the tub and tile in a full bathroom?

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Supply Chain Renovations Home Improvement Real Estate 36

Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. And, opening this year, Graystone.

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Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. Read my real estate forecast blog post after you finish the newsletter to learn more!)

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Inventory Construction Supply Chain Buyers 36

Quicken Loans

APRIL 7, 2021

There are also some unique challenges you and your buyers might be confronting in the market now. There’s a real shortage of the necessary materials for constructing and renovating homes at this point. Finally, traffic of prospective buyers walking through homes was flat at 72. Let’s get to what you need to know. The Big Story.

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Will Springer Realtor

MARCH 14, 2022

Most home buyers focus on the direction of interest rates. It’s very likely that these reductions are temporary, but since they’re happening as the spring home-buying season is kicking off, they provide a bit of a financial cushion for buyers – especially first-time buyers.”. There is so much at play – and at stake.

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Housing Market Marketing Real Estate Supply Chain 36

Quicken Loans

JUNE 10, 2021

And odds are it’s making things difficult for your buyers. While this could come down if more supply was put on the market, it’s also worth noting that prices have gotten high enough that some people think it will be cheaper to renovate, taking advantage of low interest rates to refinance. Supply is an issue. Let’s jump into it!

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Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. 3-D PRINTED WHAT??

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Real Estate Inventory Buyers Construction 36

Appraisal Today

JULY 22, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on sex dungeon, appraisal violations, complaints, liability, unusual homes, mortgage origination stats, etc. No ads in the blog post. Buyers take power from sellers.

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Appraisal Contracts Buyers Design 52

Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. THE ROI OF HOME RENOVATION. While most buyers focus on the standards of kitchens and bathrooms, research shows the best ROI is from replacing the garage door. BY THE NUMBERS . >>

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