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Price Adjustments and the 2023 Market

Lamacchia Realty

Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher. Fewer sellers need to adjust their price because, again, it’s a seller’s market. It means they’re down.

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Are You A “Want-To-Be” Seller in 2022?

Lamacchia Realty

ARE YOU A "WANT-TO-BE" SELLER IN 2022? Are you scared to list your home for sale because you don’t know where you would go if it sells before you find a new home? The problem with sitting still and not researching your options is that you’re not doing anything to get the home you want. Worried about having to move twice?

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Why Appraisal Workfiles Are Important

Appraisal Today

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Luxury living at this 10-acre promontory estate in Beverly Hills CA for $120,000,000 Excerpts: 8 bedroom, 20 bath, 30,610 sq.ft.,

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Tips For Selling Your Home With Pets (And Why It Might Be A Selling Point)

Quicken Loans

In fact, some of the cost of those renovations you made might be recouped by value added to your home’s sale price. You may have become accustomed to your animal’s “musk,” only to be told by your listing agent that buyers will be turned off by the pet smells in your home within moments of entering your home.

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Fannie Mae: No Appraisals Required? 3-10-23

Appraisal Today

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” And that’s the way it is – March 1, 2023.

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Appraisal in Changing Markets

Appraisal Today

Sellers Chasing the ball down the road in real estate. Okay, one last thing about size: During the beginning of the pandemic there was a blatant spike in home size due to a greater focus on larger homes at higher prices. Maybe you can use some of his ideas, graphs, and/or explanations in your appraisals. By Ryan Lundquist.

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Strange Properties Appraisers Have Seen

Appraisal Today

Speaking of surprises, a recent Zillow analysis finds most states don’t require sellers to disclose paranormal activity in the home they’re selling. Many who have visited or stayed overnight at the carrier have seen, felt and heard very strange things. They were far too aggressive for me to even snap a photo.