Appraiserblogs

FEBRUARY 16, 2024

The answer is the listing agents pricing strategy and the buyers agents buying strategy. The lender will go through the appraisal with a fine tooth comb and microscope, while ignoring the fact the initial BPO and CMA which led to the listed price the contract was formed around, was totally inadequate and riddled with errors.

Agents 112

Agents Market Value Appraisal Contracts 112

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

Inventory 243

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.

Inspection 432

Inspection Appraisal Buyers Appraisal Process 432

Will Springer Realtor

OCTOBER 19, 2021

The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). Yes, “crap!”

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

Cleveland Appraisal Blog

AUGUST 11, 2022

In that case, potential buyers will lay down an ‘as-is’ offer, which means they will acquire the home in its current condition. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. Buyers may walk away from the purchase.

Renovations 221

Renovations Buyers Appraisal Investing 221

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

Appraisal 418

Appraisal Market Value Contracts Agents 418

Housing Wire

JULY 6, 2022

The MSR market has been on a bit of a tear since the start of the year, with values rising rapidly and creating opportunities for many lenders to bolster their balance sheets. The five-year notes bear an interest rate of 4.19% above the 30-day average Secured Overnight Financing Rate, or SOFR, according to the SEC document.

Investing 379

Investing Finance Mortgage Market Value 379

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Part 1 of our next two posts will dissect the real estate transaction from the buyer's perspective. An agent who specializes in buyers, or an Accredited Buyers Representative (ABR) may be most appropriate for your transaction.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

Birmingham Appraisal

JUNE 13, 2023

This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

Appraisal 263

Appraisal Market Value Contracts Agents 263

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75

McKissock

JULY 6, 2022

In fact, most clients now believe a buyer should be able to identify one of three home options, negotiate a favorable sales price, and close on that property in half an hour just like they do on TV! I would recommend including at least property access, financial outcomes, and potential roadblocks from contract to closing.

Clients 87

Clients Real Estate Contracts Sellers 87

Cleveland Appraisal Blog

JUNE 17, 2022

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. Buyers gaining power & farewell real estate honeymoon – Sacramento Appraisal Blog.

Appraisal 279

Appraisal Development Market Value Tenants 279

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

Real Estate 83

Real Estate Appraisal Marketing Market Value 83

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. They tend to aspirationally price, hoping to get the listing and then to find a willing buyer. Blame the market, not that the home was overpriced. The art of persuasion, it’s a beautiful thing.

Appraisal 52

Appraisal Real Estate Agent Contracts Agents 52

Town & Country Residential Appraisals

JUNE 26, 2023

When it comes to appraising homes for buyers using VA-backed financing, the Tidewater process plays a crucial role in determining fair market value. Its purpose is to protect the interests of veterans and ensure fair market value.

Appraisal 36

Appraisal Market Value Buyers Sellers 36

Eppraisal

FEBRUARY 7, 2023

Having a detailed survey prepared demonstrates a desire to deal honestly with buyers. Setting an asking price is complicated since too high a request can put prospective buyers off while lowballing the price may short the seller of receiving a fair exchange of value. A good lawyer will see them coming.

Development 69

Development Sellers Legal Home Value 69

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 86

Real Estate Agent Real Estate Clients Agents 86

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In brief (operative word), an appraisal is an estimate of the current market value of a home completed by an appraiser using set evaluation criteria.

Inspection 52

Inspection Appraisal Buyers Sellers 52

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. The lender, whether it be a bank, mortgage company, credit union, or other financial institution will provide the buyer with the funds through a mortgage to pay for the house.

Agents 86

Agents Appraisal Real Estate Agent Bracketing 86

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. The only costs you have to cover are those for finding a property for sale and for marketing the property to interested buyers.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” “Market analysis and illustrations.”

Appraisal 109

Appraisal Contracts Clients Marketing 109

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate? via Zillow.com Are Zestimate’s Worth Looking At?

Real Estate Agent 73

Real Estate Agent Real Estate Sellers Realtors 73

Appraisal Today

JULY 1, 2023

Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. But what stands out are the first seven words of Fannie’s definition: “[m]arket value is the most probable price…,” (emphasis added) a definition that places value firmly on the pedestal of sales price.

Appraisal 84

Appraisal Contracts Market Value Mortgage 84

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

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Clear Capital

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. Well, a cure for appraisal gap anxiety has appeared on the scene.

Appraisal 36

Appraisal Contracts Market Value Valuation 36

Lamacchia Realty

OCTOBER 13, 2022

Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. These factors impact supply and demand and therefore how much a buyer is willing or able to pay for a home. Market value is determined by sales, not the high hopes of a seller. Time and Comps.

Marketing 70

Marketing Sellers Buyers Market Value 70

Appraisal Today

JANUARY 19, 2024

An example of this in real estate appraisal is the purchase and sale contract. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. In and of itself, it is not market value. The average contract interest rate for 5/1 ARMs decreased to 6.14

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Appraisal Today

JANUARY 20, 2023

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Record Share Of Sellers Give Concessions To Buyers Excerpts: ‘Buyers are asking sellers for things that were unheard of during the past few years.’

Appraisal 52

Appraisal Contracts Sellers Business 52

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.

Appraisal 309

Appraisal Law Development Valuation 309

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. A home appraisal determines the fair market value of a home. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Is the contract price above list price? Absolutely they are! Email him the offers.

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Is the contract price above list price? Absolutely they are! Email him the offers.

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Recent Comparable Sales: Appraisers analyze recent sales data of comparable properties in the area to provide a market-derived opinion of value.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Listing Spark

DECEMBER 9, 2020

It is more than likely that if you are selling a residential home in Texas the buyer is going to ask you (home seller) to pay for the title insurance policy. Buyer and Seller will each pay an escrow fee at closing. Some title companies will pass those fees on to the buyer and seller. Title Company Fees. Contractual Expenses.

Sellers 69

Sellers HOA Insurance Contracts 69