Listing Spark

FEBRUARY 9, 2023

A home appraisal is a process in which a licensed appraiser analyzes your property and determines the fair market value of your home. People typically use an appraisal to validate the value of a home or property for real estate transactions between buyers and sellers, or if homeowners are refinancing their mortgage.

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Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? My experience in completing appraisals for properties that have been sold without the professional expertise of a real estate professional is that the selling price is often lower than the value.

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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. You may need a commercial valuation for many reasons.

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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.

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AmeriMac

OCTOBER 5, 2022

If you are in the process of buying a home, getting a home appraisal of the property can help you to get the correct market value for the home so that you don’t pay too much for it. It can be helpful for both the buyer and the seller of the property when the true value of the home is assessed. Home Appraisals.

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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!

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Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property.

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Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property.

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AmeriMac

JANUARY 19, 2021

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. However, the buyer or anyone paying for the appraisal can request a copy of it. Highlight new and upgraded features, especially those adding value to your house. Hardwood floors.

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McKissock

SEPTEMBER 10, 2020

The Dictionary of Real Estate Appraisal, 6th Edition defines intangible property as “nonphysical assets, including but not limited to franchises, trademarks, patents, copyrights, goodwill, equities, securities, and contracts as distinguished from physical assets such as facilities and equipment.”

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Appraisal Today

OCTOBER 20, 2023

Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. “Real estate agents are uniquely attuned to subtle changes in what buyers want, and they often get a first look at the latest and greatest features going into newly built homes. percent from 7.67

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. When will it affect your market? The number of potential buyers will decrease as rates go up in many markets.

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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.

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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?

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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.” percent from 6.40 percent from 6.36

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Appraisal Today

JULY 1, 2022

Excerpt: What’s the difference between a newly constructed home and a hundred-year-old home? 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.

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Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What if the home doesn’t appraise for the contract value? The bank doesn’t want to overpay for a property even if a buyer is willing to do so. What is an appraisal? How much does it cost?

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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.

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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 new construction in the area? Is there anything about the improvements that would positively or negatively impact its market value? What is the density of the area?

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Appraisal Today

SEPTEMBER 15, 2023

At the same time, concrete finishes merge various construction techniques and artisan approaches that give the feeling of carved stones, whose volumes and shapes vary, but always integrated harmoniously in these habitable sculptures. Therefore, the final price may not reflect the market value of the property.

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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.

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Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. That article came out in 2014 right as the housing market was peaking.

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Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. You need to know the market. Sometimes buyers like them and sometimes not.

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Appraisal Buzz

MAY 24, 2021

This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. Challenges often arise in how professionals figure out the overall value of multifamily homes. This tactic uses the land’s price, plus the construction fees and minus depreciation.

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The Robert Weiler Company

SEPTEMBER 16, 2021

Now consider the buyer of a residential property, typically an individual looking for a place to call home. The most critical factors for commercial property investors are not the same as the typical home buyer. Cost of construction and materials. Independent and not contracted with any third party, institution, or broker.

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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 Nationwide, 31.8% percent from 13.3

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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. Buyer Expectations.

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Clear Capital

DECEMBER 21, 2022

With so much at stake, a credible appraisal report with the appropriate comparable sales is key to determining the market value of a property and protects the investment of the parties involved in the transaction. In the home selection process, location is often the first thing that a buyer looks for in the report.

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Will Springer Realtor

OCTOBER 11, 2022

This is especially true in the tech sector, where stock values have fallen by as much as 60% for Meta (Facebook), with other local employers not fairing much better – Amazon stock down 30% year to date, Microsoft off 27%, Alphabet (Google) 28% lower and Expedia down 48% (through Oct. TREATING YOURSELF EVERY DAY. Dining out. Theme parks.

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