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.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

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.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

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.

Inspection 432

Inspection Appraisal Buyers Appraisal Process 432

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

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

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.

Appraisal 450

Appraisal Contracts Tools Valuation 450

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.

Inventory 243

Inventory Market Value Appraisal Contracts 243

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 sellers, this can be appealing, as it may justify a higher asking price.

Real Estate Agent 87

Real Estate Agent Real Estate Clients Agents 87

Appraisal Buzz

SEPTEMBER 12, 2022

Since 2020, iBuying has soared in popularity as many sellers have taken advantage since the start of the pandemic. Sellers used iBuying to bypass the lengthy aspects of the traditional homebuying process to receive cash payments in an expedited manner. Either way, sellers should decide what’s worth more to them.

Supply Chain 195

Supply Chain Sellers Housing Market Appraisal 195

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 76

Real Estate Agent Real Estate Agents Appraisal 76

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 64

Real Estate Appraisal Valuation Legal 64

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 79

Real Estate Agent Real Estate Agents Reconsideration of Value 79

Appraisal Buzz

SEPTEMBER 20, 2021

Since market value is defined as the most probable price (with stipulations, of course), if your distribution is ‘normal’, then each of those measures will point to the same conclusion. A comparable sale is an indicator of market activity between a particular buyer and seller.

Sellers 195

Sellers Appraisal Inventory Buyers 195

Listing Spark

JULY 6, 2021

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. There can be a variety of reasons why you would choose to sell your house for cash and work with a buyer like We Buy Ugly Houses. Flexible Move-Out. No Commissions.

Sellers 36

Sellers Contracts Investors Real Estate 36

Hank Miller Team

DECEMBER 14, 2022

Home buyers and home sellers dabble in the “persuasion” arena during the purchase process as they roll through the deal. Home Sellers & Appraisers When an owner decides to list, their first move to solicit a real estate agent. They tend to aspirationally price, hoping to get the listing and then to find a willing buyer.

Appraisal 52

Appraisal Real Estate Agent Contracts Agents 52

Simonson Real Estate

JUNE 10, 2020

The sweet spot is not a predetermined number or target, but rather a number that is within a comfortable and reasonable range of value – not too high or too low. This is good for the buyer, the seller, the lender, and the appraiser. Reduced buyer demand can also impact pricing. Bottom Line.

Real Estate 148

Real Estate Appraisal Clients Valuation 148

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

FEBRUARY 20, 2024

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. 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.

Agents 87

Agents Appraisal Real Estate Agent Bracketing 87

Empire Appraisal Group

JULY 1, 2021

Don’t tell the appraiser your client needs a certain value, for example. The appraiser has a scope of work for every lender client, which differs depending on the mortgage product, said Bradley. If a buyer is using an FHA-insured mortgage, the appraiser has to fulfill both the lender’s and HUD’s requirements, Bradley said.

Agents 78

Agents Appraisal Real Estate Realtors 78

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Successful agents create effective and accurate CMA reports that help their clients make informed decisions. Here are the steps you should take to develop your CMA report Step 1.

Marketing 410

Marketing Real Estate Agent Clients Tools 410

Appraisal Hub

JANUARY 11, 2021

Property appraisal services are meant to determine a commercial property’s market value. Think of the property appraiser as a ‘property detective’ who gathers and analyzes statistics, facts, and other crucial information about the property to form opinions on its value. A client must order the appraisal.

Real Estate 78

Real Estate Appraisal Property Appraisal Inspection 78

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Appraisal vs Home Inspection.

Appraisal 91

Appraisal Inspection Appraisal Process Real Estate Agent 91

McKissock

JANUARY 14, 2022

The negative impacts on the marketability of residential properties caused by odors from pet dander, feces, and urine can be significant factors in the price a buyer is willing to pay. I phoned to notify my local lender client of the problem. I phoned to notify my local lender client of the problem.

Appraisal 77

Appraisal Tenants Inspection Market Value 77

Realtor

AUGUST 1, 2018

An FHA loan—which allows the buyer to put down as little as 3.5%—sounded This is a payment that’s usually required when the buyer isn’t putting 20% down. had recently bought using a Federal Housing Administration loan, and it was working out wonderfully. sounded like a dream come true.

Inspection 136

Inspection Insurance Buyers Renovations 136

Cleveland Appraisal Blog

MAY 27, 2021

The buyers paid cash. I must admit, in the past year, there have been times when I have felt like many buyers don’t really care about value anymore. While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption.

Market Value 418

Market Value Appraisal Buyers Marketing 418

Housing Wire

APRIL 5, 2024

Although other local agents said they wouldn’t characterize the market as being in a lull, they agree that interest rates and inventory are two major challenges to overcome. Regardless of the Fed’s decision, Nicole Wilhelm believes 2024 is still a good time for buyers to be in the housing market. “I

Housing Market 432

Housing Market Marketing Inventory Agents 432

The Robert Weiler Company

OCTOBER 21, 2022

allow a commercial broker to counsel a client on commercial real estate investment matters, such as goals, alternatives, resources, constraints, and timing; Question 4: How accurate are commercial real estate appraisals? .; Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. When contract prices and value often differ. I’ve also paid far less than a property’s market value because a seller was vulnerable or desperate to sell.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Will Springer Realtor

MAY 10, 2022

How do buyers get caught up in the web of a cybercriminal? One of the most common scenarios involves scammers hacking into the email accounts of buyers and various professionals working on the closing of a home sale. This is yet another “buyer beware” alert during the home-purchase process. Seniors are a particular target.

Real Estate 69

Real Estate Buyers Valuation Law 69

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

McKissock

OCTOBER 12, 2021

In this piece, NAR recommends three best practices that real estate professionals should implement to reduce their cybersecurity risks and protect their real estate clients. How the Commercial Real Estate Market Is Adapting to Post-Pandemic Needs. “In Create Sales for Your Clients With These Expired Prospecting Tips.

Real Estate 52

Real Estate Real Estate Agent Agents Clients 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

McKissock

DECEMBER 21, 2021

Firstly, they appeal to a very extensive network of potential affluent buyers as well as marketing strategies that can connect locally, nationally, and even globally. A little bit of friendly competition encourages bidders to commit to properties they love, which increases the chances of your home selling at market value or above.

Marketing 86

Marketing Decorating Buyers Training 86

PennyMac

JULY 20, 2021

New agents can also often deliver high quality, personalized service as a result of having fewer clients. She encourages buyers to make sure that the agent they choose has the necessary experience to guide them through anything they may encounter. What percentage of your clients are buyers? How many are sellers?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Realtor

AUGUST 1, 2018

An FHA loan—which allows the buyer to put down as little as 3.5%—sounded This is a payment that’s usually required when the buyer isn’t putting 20% down. had recently bought using a Federal Housing Administration loan, and it was working out wonderfully. sounded like a dream come true.

Inspection 78

Inspection Insurance Buyers Renovations 78

Genworth MI Blog

JUNE 27, 2019

For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. A Few Basics.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. A Few Basics.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78