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Appraisal Quality Tip: Location matters — The key to choosing comparable properties

Clear Capital

In the world of real estate, location is king as it’s a primary consideration for buyers and the foundation of property values. Buyers generally prioritize location. This approach captures location and provides bracketing for features. For this month’s tip, we’ll focus on the three biggest factors in real estate.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Understanding the Role of the Real Estate Appraiser When a home buyer finds a home they would like to purchase and have the need to obtain financing they will work with a lender. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For buyers, it could mean a potential bargain. There is a difference.

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What is a "Comp?"

Town & Country Residential Appraisals

Imagine home valuation in this neighborhood. They tell, “How much do sellers want,” but not the other half of the story, “how much are buyers willing to pay.” Every house identical… except for the ones next to the industrial site. As a VA Panel appraiser, we have access to something called “Tidewater” on VA orders. A recent sale.

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Appraising Fixer Uppers

Appraisal Today

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. Appraisers sought to bracket the subject using three comparable sales. Our opinions are sought for work as varied as bankruptcy, estate, charitable contributions, pre-listing, before-and-after valuation, among other reasons.

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7 Easy Steps to Reduce Appraisal Revision Requests

Clear Capital

Buying or refinancing a house is stressful for home buyers, and “being able to rely on a timely valuation can make a big difference,” says Heather Khan, Senior Analyst of Quality Assurance at Clear Capital. When this happens, buyers have to build it into the process to avoid deal expirations. Run a quick check before sending.

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Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. We’ll have to cut price or find another buyer. It’s important to note that we’re in this situation in the first place because we didn’t get a cash buyer. What just happened? 3) Bargaining—I can fix this! It’s not fair.