Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. You can say no to the counteroffer, accept it or propose new changes to the contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. The seller will probably never know.

Appraisal 263

Appraisal Market Value Contracts Agents 263

McKissock

JULY 6, 2022

And I highly advise that you do that overview at the outset of the business relationship. I would recommend including at least property access, financial outcomes, and potential roadblocks from contract to closing. Sellers and buyers need to have a clear understanding of who can and will have access to the property in question.

Clients 87

Clients Real Estate Contracts Sellers 87

Listing Spark

JULY 6, 2021

They then either flip them for a profit, keep them as a rental property, or wholesales the contract to another investor. When taking an objective looks at how “We Buy Ugly Houses” works, its apparent there are some well-defined upsides for home-sellers, as well as some significant downsides. As part of the HomeVestors Inc.

Sellers 36

Sellers Contracts Investors Real Estate 36

Eppraisal

FEBRUARY 7, 2023

If the lot is zoned for commercial use, they do well to develop it as a retail space or other business, and later serving as the landlord. By contrast, a homebuilder acquires raw land to build on and sell when home values are high. First of all, sellers need to know who shops for vacant land, as noted above.

Development 69

Development Sellers Legal Home Value 69

Appraisal Today

JANUARY 20, 2023

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! What is happening in your market?

Appraisal 52

Appraisal Contracts Sellers Business 52

Realtor

DECEMBER 4, 2019

If you’re buying commercial real estate, a property appraiser may conduct a business valuation to determine market value in much the same way. A home appraiser will report on the value of similar properties in your area, so you can determine whether your upcoming real estate transaction is a smart one.

Appraisal 138

Appraisal Real Estate Inspection Property Appraisal 138

Appraisal Today

JULY 1, 2023

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. More Crazy Appraiser Stories!

Appraisal 85

Appraisal Contracts Market Value Mortgage 85

Cleveland Appraisal Blog

MARCH 18, 2021

The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price.

Appraisal 195

Appraisal Investors Buyers Market Value 195

Appraisal Today

SEPTEMBER 15, 2023

The 21 percent who cite other challenges are most likely to cite lack of business/slow market, rising interest rates, low fees, and to reiterate pressure from AMCs. This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. The only costs you have to cover are those for finding a property for sale and for marketing the property to interested buyers. Pick the strategy that best fits your goals.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

JANUARY 19, 2024

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. percent from 6.81

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

McKissock

JUNE 8, 2021

He was buying an 1800s Victorian house in which his parents had operated a retail business for many years. He ordered appraisals from three different appraisers, and the purchase price was to be the average of the three value opinions. Conversely, what if the contract price was five percent higher than the appraised value estimate?

Appraisal 73

Appraisal Contracts Clients Law 73

McKissock

JANUARY 31, 2023

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Realtor

DECEMBER 4, 2019

If you’re buying commercial real estate, a property appraiser may conduct a business valuation to determine market value in much the same way. A home appraiser will report on the value of similar properties in your area, so you can determine whether your upcoming real estate transaction is a smart one.

Appraisal 78

Appraisal Real Estate Inspection Property Appraisal 78

Realvals

JULY 27, 2022

The appraiser will reach out to schedule the inspection with the real estate agents, who will facilitate the inspection on the seller’s behalf. . The entire process can take anywhere from a few days to a few weeks depending on how busy all parties involved are. In a refinance, the appraisal process is very similar to a purchase.

Appraisal 78

Appraisal Inspection Real Estate Buyers 78

Listing Spark

AUGUST 2, 2021

Despite this high price, Offerpad may still be a solid option for sellers who are looking to move quickly and aren’t too worried about leaving money on the table. They purchase homes all over the country with the intention of improving the value and then re-selling for a profit. How Does Offerpad Work? Offer Request.

Contracts 36

Contracts Real Estate Inspection Sellers 36

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1 percent from 13.3 percent from 6.78

Appraisal 80

Appraisal Contracts Insurance Construction 80

Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Empire Appraisal Group

JULY 1, 2021

It’s also the appraiser’s job to develop an opinion on a home’s fair market value, and just because the buyer and seller have agreed on a price doesn’t mean that’s the true value of the property, said Francois Gregoire, broker, appraiser, instructor, and president of Gregoire & Gregoire Inc.,

Agents 78

Agents Appraisal Real Estate Realtors 78

Appraisal Today

JULY 1, 2022

Appraisal Business Tips . When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. My comments: See how your market is doing.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

The Robert Weiler Company

OCTOBER 21, 2022

Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Genworth MI Blog

JUNE 27, 2019

While in most cases real estate appraisers know what qualities to look for in their business relationships, they occasionally can experience situations where they are unfairly and perhaps unexpectedly pressured by those involved in a mortgage transaction. Market value has some key elements that we must understand.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

While in most cases real estate appraisers know what qualities to look for in their business relationships, they occasionally can experience situations where they are unfairly and perhaps unexpectedly pressured by those involved in a mortgage transaction. Market value has some key elements that we must understand.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. After taking care of the above expenses, whatever amount is left over is the seller’s profit. As a result, the seller no longer has that mortgage. Traditional Home Sale.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Listing Spark

OCTOBER 18, 2021

Originating in 2015, Opendoor promised to simplify the home selling process by giving sellers an all-cash offer for their home within 24 hours. One of the pioneers of the real estate iBuyer model, Opendoor guarantees to help home-sellers “ skip the hassle of listing, showings, and months of uncertainty.” How Does OpenDoor Work?

Sellers 36

Sellers Inspection Real Estate Agents 36

PennyMac

JULY 20, 2021

Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. How many are sellers? What marketing tools will you use to help me? How many other buyers (or sellers) do they represent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” per month, $24.75

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. A property’s estimate is based on the current market activity, location, size, functionality and the presence or absence of amenities.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

Aedis Appraisals

JUNE 13, 2017

Regardless of whether you happen to be the buyer, owner, or seller of a property, it’s important to understand the significance of appraisals and how they affect the inherent value of the property in question. What Is an Appraisal and When Do I Need One? How Does the Process Work?

Property Appraisal 36

Property Appraisal Appraisal Inspection Real Estate 36

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Marketing Strategies. What Is a Buyer’s Market?

Marketing 36

Marketing Sellers Buyers Real Estate 36

Clear Capital

SEPTEMBER 29, 2021

So, we’re excited to help CubiCasa grow as an independent company, serving customers independently, and open for business to any and all customers, and really to help drive the change for the industry towards modernization. So he calls up the seller guy. But this seller has wanted full asking price the whole time.

Sellers 69

Sellers Agents Real Estate Buyers 69

Clear Capital

DECEMBER 21, 2022

Whether it is for the borrower, the seller, or the lender, a detailed and error-free appraisal report positively influences the purchase decision and credibility of the process. Keep in mind external influences and their impact on property value. This analysis will determine whether a time adjustment is warranted.

Appraisal 69

Appraisal Bracketing Clients Market Value 69

Houston Properties

MAY 16, 2022

Land value (Median sales price per sq ft) has also jumped by over 25% in that period. The demand is higher and there are good deals to be made both for sellers and buyers of farm and ranch-style homes. Your ranch can be used for raising cattle or growing crops, as a horse boarding business, or even as a bed and breakfast.

Marketing 36

Marketing Real Estate Buyers Realtors 36

Will Springer Realtor

FEBRUARY 9, 2022

HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home. The survey also said that among sellers in the 12 months ending mid-2021, 46% went on to purchase a larger home. >> The U.S. For our housing market, it’s time to have that talk. FEBRUARY HOUSING UPDATE.

Buyers 36

Buyers Law Inventory Development 36