Housing Wire

MAY 18, 2022

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. This means that the homeowner (or their heirs) won’t owe more than the home is worth when the loan is repaid.

Mortgage 397

Mortgage Clients Insurance Tools 397

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. Physical depreciation is the most common cause of loss of value. Even if they are completely renovated, they are still not considered to be new. In a word, depreciation.

Market Value 244

Market Value Appraisal Marketing Buyers 244

Housing Wire

AUGUST 15, 2022

“Mortgage lenders are now considering adding home-equity lending to their portfolios as they look for growth in a declining refinance market and seek opportunities to cross-sell to their existing customer base by tapping into historic amounts of home equity,” said Joe Mellman, senior vice president and mortgage business leader at TransUnion.

Lending 432

Lending Home Value Mortgage Renovations 432

Appraisal Today

MAY 17, 2024

Not for a number, but about marketability. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! I remember the old MLS books and have copies from 1986 when I started my appraisal business. baths, 45,000 sq.ft., Worth reading.

Tools 64

Tools Appraisal Renovations Design 64

Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. built in 2000.

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. Just What is a COMPARABLE Sale?

Appraisal 309

Appraisal Law Development Valuation 309

Chicagoland Appraisal Blog

MAY 13, 2021

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. The Value of a Home Appraisal. Home addition.

Appraisal 88

Appraisal Renovations Home Value Real Estate 88

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

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

Appraisal 80

Appraisal Appraisal Process Renovations Market Value 80

Glascock Company

DECEMBER 11, 2020

Sellers choose the auction date, and it typically ends in a market-value return on the date set for bidding (usually around 30 days or less). With a set deadline for the auction, all showings and marketing efforts must also occur within that time frame. Generally, that check is promptly deposited the following business day.

Sellers 78

Sellers Inspection Real Estate Buyers 78

East Coast Appraisal

AUGUST 22, 2023

An appraisal is an unbiased opinion of the value of a property based on its physical characteristics, location, market conditions, and income potential. An appraisal can help you determine the fair market value of your property, negotiate a better deal, or secure a favorable loan.

Property Appraisal 52

Property Appraisal Appraisal Easement Appraisal Process 52

AmeriMac

MAY 24, 2023

Certified appraisers use different methods to determine the value of a commercial property, such as the cost approach, income approach, and sales comparison approach. Appraisal reports offer a detailed analysis of the property’s market value, potential risks, and market conditions.

Real Estate 36

Real Estate Appraisal Appraisal Process Market Value 36

PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

Appraisal 69

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. If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value. If the renovations are easy and can nab a higher asking price, do them.

Real Estate Agent 85

Real Estate Agent Renovations Real Estate Agents 85

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Any known inconsistencies with data – if your assessed property value has been fluctuating wildly over the years, this needs to be looked at. This will help ensure a fair market value.

Appraisal 126

Appraisal HOA Easement Valuation 126

Eppraisal

OCTOBER 23, 2023

The mortgage lender has three business days to give you a good-faith estimate or reject your application. Wait for the Appraisal The lender will hire an appraiser to determine the house’s fair market value. Earnest money can be refundable if you structure your bid correctly.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Realtor

MAY 10, 2018

“The challenge is that essentially puts all the siblings into a business partnership,” says Mazek. If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value. If the renovations are easy and can nab a higher asking price, do them.

Real Estate Agent 78

Real Estate Agent Renovations Real Estate Agents 78

McKissock

OCTOBER 3, 2021

This means that you will be able to find houses being sold below market value, which will make marketing the property easier and your profit larger. The trick is to be able to identify properties for sale under market value and to make low-cost repairs which will raise the value of the property by a lot.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Eppraisal

SEPTEMBER 8, 2023

While AVMs can be a useful tool for getting a ballpark estimate of a property's value, they have limitations and may not always provide a precise estimate of the property's true market value. "Consumer For years, Eppraisal had also shown Zillow's Zestimate on our site.

Real Estate Agent 36

Real Estate Agent Inspection Real Estate Agents 36

McKissock

MARCH 1, 2021

With a BS in Healthcare Systems Management from University of Connecticut’s School of Business and several years of experience dedicated to standardizing healthcare information, Dara took a leap to real estate. Some want me to summarize the market data and give concise guidance on market values.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

Housing Wire

JULY 21, 2022

This data shows early signs of a slowdown in the retail housing market in June that was anticipated by real estate investors buying properties at foreclosure auction in March. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

Housing Market 410

Housing Market Buyers Marketing Retail 410

The Robert Weiler Company

OCTOBER 21, 2022

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 6: What is the overall commercial real estate appraisal process?

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. I have not been recording in the past couple of months due to things being extremely busy. They get to choose the upgrades, the style and layout of the home. Now starts the wear and tear.

Appraisal 223

Appraisal Real Estate Real Estate Agent Loan Conditions 223

McKissock

JUNE 27, 2021

As retail stores shut down, many businesses had to move their products online. The location relative to customers and business partners. Cap rates: To find this, you divide the NOI by the current market value. Location and demographics: Your value will go up if you’re in a high-traffic area with good visibility.

Real Estate 59

Real Estate Investing Retail Tenants 59

AmeriMac

APRIL 30, 2024

Lenders and investors also rely on commercial appraisals to assess the value of a property before providing financing or making investment decisions. The appraisal serves as a critical factor in determining the loan amount or investment potential, ensuring that the transaction aligns with fair market value.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

The Robert Weiler Company

MAY 18, 2022

The ROI is calculated by comparing the total cost of the investment (including the initial purchase price plus any other expenses) to its current value or sale price. Though, keep in mind that commercial real estate doesn’t always sell at market value. But you can estimate your ROI based on comparable property sales.

Real Estate 148

Real Estate Tenants Retail Investing 148

Realtor

JANUARY 23, 2018

BPOs have been used to value collateral in the more than $20 billion of bonds sold by institutional landlords, such as Blackstone’s Invitation Homes Inc., and in the fast-growing business of lending to individual house flippers. Credit-rating firms usually discount BPO values when grading rent-backed bonds.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

BPOs have been used to value collateral in the more than $20 billion of bonds sold by institutional landlords, such as Blackstone’s Invitation Homes Inc., and in the fast-growing business of lending to individual house flippers. Credit-rating firms usually discount BPO values when grading rent-backed bonds.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

Zillow

JULY 11, 2019

You can't deduct capital investments like new buildings, additions or renovations. Your adjusted tax basis in a property is the original cost you paid for the property, plus any amount invested in renovations and improvements (including labor costs on these projects) that you have not previously deducted for taxes. More on these later.

Investing 43

Investing Bracketing Property Taxes Real Estate 43

Cleveland Appraisal Blog

NOVEMBER 11, 2021

In the news, you’ve no doubt seen that Zillow is selling off the homes it owns and getting out of the home-flipping business. One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes.

Market Value 364

Market Value Valuation Appraisal Real Estate 364

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. Liquidity Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

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.

Real Estate Agent 56

Real Estate Agent Property Taxes Real Estate Legal 56

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.

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Realvals

JUNE 18, 2023

An appraisal can assist you in determining the value of real estate, personal items, and business interests. Divorce Settlement During a divorce settlement, you might need to determine the value of jointly-owned assets, including real estate. An appraisal will provide you with the current market value of your real estate.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Simonson Real Estate

JULY 10, 2020

Some building owners may structure a lease with a separate related entity that operates the business. Small Business Administration (SBA) loans require a separate entity for the Eligible Passive Company (think real estate) and Operating Company (think business). Value Scenarios. Prospective Values. Note that U.S.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

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. Prospective buyers may argue that the estimate does not reflect the property’s current market value, and the property owner may state otherwise.

Real Estate 36

Real Estate Appraisal Valuation Clients 36