Chicagoland Appraisal Blog

MAY 13, 2021

And that means you can actually impact your home’s value by making renovations that are likely to increase its marketability and value in the real estate market. . Some appraisers work separately and have their own private businesses while others may work for a bank or an appraisal firm that employs many appraisers. . Home addition.

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Appraisal Renovations Home Value Real Estate 88

Eppraisal

OCTOBER 23, 2023

The mortgage lender has three business days to give you a good-faith estimate or reject your application. Schedule a Home Inspection If you include an inspection contingency, hire an inspector to evaluate the house’s condition within the agreed-on period.

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Real Estate Agent Sellers Inspection Real Estate 69

PennyMac

SEPTEMBER 6, 2023

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition. Rent your home out.

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Renovations Inspection Sellers Buyers 36

East Coast Appraisal

AUGUST 22, 2023

Make Sure the Property Is Clean and Presentable The physical condition of your property can have a significant impact on its value. Therefore, make sure that your property is clean, well-maintained, and free of any defects or damages that may lower its appeal.

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Property Appraisal Appraisal Easement Appraisal Process 52

Glascock Company

DECEMBER 11, 2020

Because the seller is not obligated to make any renovations or repairs, the sale is not contingent upon inspections, appraisals or financing. Prior to the auction, everything about the property will be disclosed to the buyer and they will be encouraged to completely inspect the property before placing a bid. That’s right!

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Sellers Inspection Real Estate Buyers 78

Eppraisal

SEPTEMBER 8, 2023

Since that time, a plethora of AVMs have come onto the market including more complex and sophisticated AVMs that are "commercial grade" This type of AVM is often used by banks, insurance companies and other large businesses to help make financial decisions. For years, Eppraisal had also shown Zillow's Zestimate on our site.

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Real Estate Agent Inspection Real Estate Agents 36

The Robert Weiler Company

JULY 18, 2021

In the United States, commercial real estate is big business. Ari Afshar, Founding Agent at Compass and Member of the Forbes Real Estate Council: Invest in properties near renovated buildings. Renovated buildings that attract pedestrian traffic or include shopping opportunities and eateries have a reverse, upwardly improving effect.

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Real Estate Investing Investors Renovations 148

D Fritz Appraisals

MARCH 16, 2021

Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase.

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Appraisal HOA Easement Valuation 126

The Robert Weiler Company

APRIL 15, 2022

For startup businesses or those new to a location, a month-to-month commercial space to rent may be ideal. Anyone seeking commercial space to lease also has their own needs depending upon the business in question and their ambitions. Rent, in general, will be the most significant expense you will incur in your business each month.

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Tenants Landlords Property Taxes Real Estate 144

McKissock

APRIL 9, 2021

” “In my market area COVID-19 had very little impact on my business. There has been an increase in remodeling and renovating since being quarantined.” ” “I thought Covid would sink my business, it’s been quite the opposite. Exterior-only inspection (Form 2055). Estate appraisals.

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Appraisal Real Estate Renovations Inspection 96

The Robert Weiler Company

SEPTEMBER 25, 2020

Such tasks usually require the manager to: Perform frequent inspections. Conduct frequent inspections of the property’s interior and exterior. When it comes down to property maintenance, relationships could hold the key to timely repairs and renovations. Initiate preventive property maintenance.

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Property Management Tenants Real Estate Inspection 143

Will Springer Realtor

APRIL 23, 2024

Many experts in the construction business suggest the Home Energy Rating System index is most relevant to today’s consumers, including home buyers and sellers. It is a network of “forest landowners, volunteer members of state and local entities, national and state government agencies, inspecting foresters” and other interested parties.

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Construction Land Management Development Design 36

Cleveland Appraisal Blog

APRIL 21, 2022

What if the neighbor’s home in poor condition, was purchased and then renovated? They take a lot of work after the inspection is completed. In addition to a busy tax appeal season, I have had some time-consuming appraisal work lately. Would that then increase the market value of the neighboring homes? Probably not.

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Market Value Appraisal Agents Real Estate Agent 350

Birmingham Appraisal

AUGUST 30, 2023

Location Concerns: A less desirable location, such as being near busy roads, industrial areas, or high crime areas, can affect your home’s appraisal value. It’s also important to provide the appraiser with complete information regarding any updates and renovations that the home has had.

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Appraisal Appraisal Process Renovations Market Value 82

Housing Wire

AUGUST 29, 2022

We sat down with Steve Sussman, NAN’s chief business development officer, to find out how the company is growing so fast and what they see for the future. So, we have embraced products that range across the gamut, those targeted toward HELOCs, or targeted toward renovation loans.

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Modernization Appraisal Valuation Technology 370

McKissock

APRIL 28, 2021

For instance, they might feel more settled about the property they buy if they attend the inspection and know that the home has good bones. Add a home inspection contingency clause to the contract as well for further peace of mind. . Kitchens can be renovated and landscaping redone.

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Real Estate Agent Real Estate Buyers Agents 87

PennyMac

OCTOBER 10, 2023

Home improvements and renovations. This can include anything from the central air system you installed 10 years ago to the kitchen flooring and countertops you just renovated (along with the new oven and fridge to match, of course). An appraiser will also evaluate your home's foundation and its condition.

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Appraisal Real Estate Agent Renovations Home Value 69

Realtor

MAY 10, 2018

“The challenge is that essentially puts all the siblings into a business partnership,” says Mazek. Real estate agent and attorney Bruce Ailion with Re/Max Town and Country in Atlanta advises siblings to have a discussion to decide what condition to sell the house in— as is or renovated. And things can quickly go south.

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Real Estate Agent Renovations Real Estate Agents 85

Realtor

MAY 10, 2018

“The challenge is that essentially puts all the siblings into a business partnership,” says Mazek. Real estate agent and attorney Bruce Ailion with Re/Max Town and Country in Atlanta advises siblings to have a discussion to decide what condition to sell the house in— as is or renovated. And things can quickly go south.

Real Estate Agent 78

Real Estate Agent Renovations Real Estate Agents 78

Listing Spark

AUGUST 31, 2023

Many people find real estate investing strategies so profitable that they adopt a full-time business focus instead of just a segment of their financial portfolio. Investors will purchase distressed or otherwise below-market properties, renovate them, and sell them for more than the initial purchase price.

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Real Estate Investors Investing Real Estate Agent 36

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. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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Easement Contracts Appraisal Inspection 52

AmeriMac

JUNE 6, 2022

The appraiser will look at things like the size of your home, the condition of your home, recent sales of similar homes in the area, and any upgrades or renovations you may have made. After the inspection, the appraiser will give you a report that details their findings. Why Do I Need a Home Appraisal?

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Appraisal Renovations Buyers Lending 36

Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information. Was listed for $748,000 in 8/22.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

The Robert Weiler Company

MAY 18, 2022

All expenses associated with the commercial property should be included, such as repairs and renovations, commercial real estate loans and interest rates, and costs associated with selling commercial real estate (e.g., commercial appraisal, commercial real estate agents, advertisements, and upkeep for curb appeal). Highlight the location.

Real Estate 148

Real Estate Tenants Retail Investing 148

Houston Properties

JULY 20, 2022

Most homes in the neighborhood are new construction single-family homes, townhomes, and newly renovated properties. Recent awards include: – 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal. 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal.

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Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 21, 2022

Located within the Inner Loop area, Avalon Place is a deed-restricted neighborhood with a collection of newly renovated properties and new construction single-family homes and townhomes. Most of the Avalon Place real estate for sale are newly renovated properties and new construction single-family homes.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

McKissock

FEBRUARY 21, 2021

This means having to renovate the house so that it is in good condition, which is never cheap. Note: Keep in mind that you will need to ensure the property is in the best shape for you to live in (renovation costs) and that moving in could lead to an increase in property taxes. Download here. Rent out the property.

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Real Estate Agent Property Taxes Real Estate Legal 56

Realvals

JUNE 18, 2023

An appraisal can assist you in determining the value of real estate, personal items, and business interests. Renovating a Home If you are planning to renovate your home, getting an appraisal beforehand is a smart move. Appraisers don’t inspect electrical, plumbing, insulation, or anything else of the sort.

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Appraisal Property Taxes Real Estate Market Value 145

Aedis Appraisals

JANUARY 12, 2018

Precise estimates of renovation and improvement values. Business ventures and franchise initiatives. Business loans. This is why a professional inspection and impartial analysis is so vital nowadays; an appraisal provides a precise outlook for the intrinsic value of a given structure or lot. Vacancy rate analyses.

Real Estate 36

Real Estate Appraisal Valuation Legal 36

Houston Properties

JULY 21, 2022

Energized and bustling, Downtown Houston has a diverse mix of business, residential development, and entertainment complexes. The heart of Houston has it all From a new baseball stadium to renovated theaters. Recent awards include: – 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 20, 2022

The neighborhood features renovated vintage and recently constructed homes. Afton Oaks is only minutes from Houston’s premier shopping and dining destinations in the Galleria, Highland Village, River Oaks, and Greenway Plaza business district. 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 21, 2022

Similar to Houston’s most affluent neighborhoods, developers renovated many of Royden Oaks homes and replaced them with newer and larger properties. Recent awards include: – 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal. 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal.

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Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 19, 2022

Their interiors have been renovated and equipped with modern furnishing to suit today’s fast-paced lifestyle. They have been featured on TV and in dozens of publications including The Wall Street Journal , Fortune Magazine , Reuters , Fox News in the Morning , Money Magazine , Houston Business Journal , Houstonia , and Houston Chronicle.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Zillow

JULY 16, 2018

Once at a busy open house in San Francisco's Noe Valley neighborhood, an open house visitor made a somewhat obvious beeline for the back of the house. It's not just a time to nose around, but to document, inspect or learn from the home sale. Quiz: Should You Renovate Your Home or Sell? See things differently.

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Open Houses Real Estate Agent Real Estate Property Taxes 36

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. When you're busy working or raising kids, you can reduce a lot of stress if you hire professionals to help you through the process. And the seller's agent will be happier to do business with a colleague in the field.

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Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Appraisal Business Tips . NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc.

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Appraisal Agents Real Estate Real Estate Agent 80

Property Metrics

AUGUST 13, 2020

Late payments can create cash flow problems for the property owner, but the situation can be worse if the tenant goes out of business and moves out of the space. For example, during a period of high growth in GDP, most businesses have ample cash on hand and low unemployment. Inflation Risk. Interest Rate Risk. Location Risk.

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Real Estate Tenants Investing Construction 53