Appraisal Buzz

MARCH 25, 2024

It is the work of a therapist and their client to carefully untie those knots. The transaction is a complex interplay between buyer and seller. The representative price of this hypothetical interaction (the product of the synthesis) is known as market value.

Sellers 379

Sellers Appraisal Real Estate Buyers 379

Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised.

Appraisal 406

Appraisal Market Value Real Estate Clients 406

Cleveland Appraisal Blog

APRIL 21, 2022

It’s tax appeal season and I’ve had several homeowners say that they feel their neighbors are negatively impacting the value of their home for different reasons. My clients said that one of their neighbors has people coming and going until late in the evening, most evenings. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 350

Appraisal Buzz

AUGUST 16, 2021

Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market. This is true, but the value of what.

Market Value 448

Market Value Buyers Appraisal Sellers 448

McKissock

OCTOBER 13, 2020

Between the complexities of the real estate market and the changeable landscape of financing and property value, your clients likely have an abundance of questions regarding the sale of their home. Q: “What are methods to determine the value of my home?”. Q: “What factors can influence the value of my home?”.

Clients 84

Clients Advertising Real Estate Market Value 84

Boston Appraisal

AUGUST 17, 2023

In such cases, appraisals may not reflect the true market value of the property or the fair compensation for the damages. If you or your client are facing a situation where an appraisal is challenged or disputed, you need to have a solid strategy to defend or contest the appraisal. We look forward to working with you!

Clients 78

Clients Appraisal Market Value Property Taxes 78

Housing Wire

NOVEMBER 7, 2023

If somebody is concerned about that (taxes), I always put it back on the buyer and ask them, ‘Do you have any control in the increase of your rent payment?’” ATTOM’s figures are estimates based on an analysis of local tax data, home values and the use of an automated valuation model. In 2022, the average tax on a U.S.

Property Taxes 540

Property Taxes Home Value Government Buyers 540

Cleveland Appraisal Blog

MAY 13, 2021

Buyers have their view of how much they are willing to pay for a home. THE BUYER’S VIEW. People who are in the market to purchase a home, may have different motivations for doing so. However, most home buyers are looking for a place to live. . It’s the buyer’s money. What is a buyer to do?

Market Value 298

Market Value Contracts Appraisal Buyers 298

McKissock

MARCH 1, 2021

She approaches real estate the same way she approached her healthcare work: ensuring that, from start to finish, whether buying or selling, her clients have a smooth transaction and achieve their goal. Q: How do your Millennial real estate clients find their way to you? A: My Millennial clients often come to me as a referral.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Combining the strengths of AI with the expertise and insights of real estate professionals could provide the best results in accurately assessing the market value of homes.” Building trust with prospects or clients takes time.

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Real Estate Agent Real Estate Agents Tools 370

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

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Inspection Appraisal Buyers Appraisal Process 423

Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Fannie Mae recently announced the Value Acceptance + Property Data solution. Well, a cure for appraisal gap anxiety has appeared on the scene.

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Appraisal Contracts Tools Valuation 384

Birmingham Appraisal

SEPTEMBER 26, 2023

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.

Real Estate Agent 89

Real Estate Agent Real Estate Clients Agents 89

Cleveland Appraisal Blog

JANUARY 19, 2023

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. That is not always a simple task.

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Appraisal Buyers Transportation Real Estate 284

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value. Is there anything about the improvements that would positively or negatively impact its market value? It should provide information on the trends for prices in that area. IMPROVEMENTS.

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Appraisal Development Market Value Clients 342

Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. That can have a big impact on market value. Not professional appraisers.

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Appraisal Market Value Legal Property Appraisal 354

Cleveland Appraisal Blog

MARCH 30, 2021

TODAY’S HOME BUYERS ARE LIKE THE CARP. This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. This year, it appears that buyer panic is even worse than last year. That is a lot of bread!

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Birmingham Appraisal

DECEMBER 5, 2023

Despite your best efforts, sometimes a property lingers on the market, leaving both you and your client frustrated. Whether it’s due to unrealistic pricing, inadequate marketing strategies, or external market factors, these properties often face skepticism from potential buyers.

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Appraisal Real Estate Agent Real Estate Market Value 62

Housing Wire

OCTOBER 9, 2023

What the investigators are finding — not in every case, but in a majority of the cases — is that the investment is proper and they are paying fair market value for the investment.” Any time a buyer exits the loop there is an opportunity for poor service.

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Real Estate Insurance Brokerage Real Estate Agent 425

Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. Determining Asset Values for Financial Reporting Enhancing Financial Accuracy with Appraisals Accurate financial reporting is essential for businesses and individuals alike.

Real Estate 65

Real Estate Appraisal Valuation Legal 65

Birmingham Appraisal

JUNE 13, 2023

I believe that appraisers and agents have a common goal: to help their clients buy or sell a home. This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. These factors can create a bidding war that inflates the price beyond what the market can support.

Real Estate Agent 81

Real Estate Agent Real Estate Agents Reconsideration of Value 81

Housing Wire

APRIL 8, 2021

Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. The increased market size Wells refers to is best demonstrated in the third-party buyer sales rate for foreclosures brought to auction on the Auction.com platform compared to the overall market.

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Retail Market Value Marketing Buyers 405

Appraisal Buzz

OCTOBER 3, 2022

I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. The second thing, and most everyone who is tracking this data already knows this, is that this data and the indexes that spring from them are all lagging indicators of the health of a given market.

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Appraisal Marketing Real Estate Inventory 370

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals.

Real Estate Agent 79

Real Estate Agent Real Estate Agents Appraisal 79

Housing Wire

DECEMBER 3, 2020

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home.

Property Taxes 302

Property Taxes Realtors Law Inventory 302

Cornerstone

OCTOBER 26, 2021

As CoreLogic’s Chief Appraiser Shawn Telford explains : “Recently, we observed buyers paying prices above listing price and higher than the market data available to appraisers can support. Expect an appraisal gap if you see these market conditions. Understanding what an appraisal gap means for you is essential in today’s market.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Quicken Loans

JUNE 3, 2021

The most successful realtors and agents are finding ways to incorporate technology into their practices to increase their efficiency and draw in more clients, but the rising popularity of iBuying platforms has led to a whole new wave of trepidation. markets, but they’ve been steadily expanding. iBuyers aren’t active in all U.S.

Sellers 55

Sellers Buyers Agents Real Estate Agent 55

Cleveland Appraisal Blog

FEBRUARY 17, 2021

If a home needs major repairs, clearly this can have a negative impact on market value. Therefore, if a home is in need of some major repairs, it may be worth having an appraisal completed to see if the market value of the home is lower than the assessed value. Thankfully, my clients have always done so.

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Appraisal Clients Inspection Market Value 217

Appraisal Buzz

SEPTEMBER 12, 2022

Zillow may have left the market, but this has only made room for companies like Opendoor to keep building their services. The issue some clients run into with the iBuying model is that sellers are barely making a profit or still losing money while home prices are increasing. iBuying Doesn’t Work for Everyone.

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Supply Chain Sellers Housing Market Appraisal 195

Cleveland Appraisal Blog

JANUARY 13, 2022

In addition to the aforementioned situations, at times we may have a client that appears to be more interested in our hitting a number, getting a report back quickly, or cheaper than they are in the support behind our opinion of the value of a property. If we make an adjustment, we must have some support behind it.

Appraisal 221

Appraisal Inspection Clients Real Estate 221

McKissock

FEBRUARY 21, 2023

You could simply stop, tell other appraisers you have retired, and invite them to divide up your client base. If you are still a few years from retirement, find out the approximate current market value of your business, and start looking for ways to increase that value.

Business 77

Business Appraisal Real Estate Market Value 77

Realvals

JUNE 18, 2023

In the first scenario, an appraisal gives you an objective perspective on the property’s value to ensure that you don’t overpay for your new home. I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. The appraisal gives them peace of mind in either case.

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Appraisal Property Taxes Real Estate Market Value 145

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property.

Market Value 88

Market Value Agents Appraisal Bracketing 88

Realvals

JULY 27, 2022

It’s the client who pays for the home appraisal. But who is the client you ask? Appraisals are commonly used in real estate transactions as a way for a lender to make sure the property is worth what the buyer is paying. The buyer’s lender will order the appraisal on their behalf. . It’s the home buyer.

Appraisal 78

Appraisal Inspection Real Estate Buyers 78

Housing Wire

DECEMBER 10, 2021

Through November of this year, Versus has sponsored 10 non-QM private-label securitizations valued at more than $5 billion, according to a review of bond-rating reports, Even if the non-QM private-label market grows to $40 billion next year, that is still only a fraction of the market’s loan-origination potential.

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Lending Mortgage Finance Government 466

East Coast Appraisal

JULY 7, 2022

It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. Some people falsify their property's information to increase its market value. Remember, the soil type often influences land value depending on its intended purpose. Clients living in New York may .

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Property Appraisal Appraisal Valuation Appraisal Process 52