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.

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Appraisal Real Estate Real Estate Agent Contracts 76

Lamacchia Realty

APRIL 10, 2024

How this can Decrease Value : Swimming pools can take up most of the yard space and can be expensive to maintain. A property’s value can be negatively affected if the pool is in need of a lot of repairs. For those kinds of buyers, this does add value to the property.

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Hank Miller Team

JANUARY 25, 2022

Sure the reflex text book answer is “what a buyer is willing to pay” but that’s hardly the complete picture. A home has a number of “values” and most are not tied to the buyers in the market. Market Value Market value anticipates the “a home should sell for” question. How reliable is it?

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Home Value Market Value Buyers Inventory 52

Realvals

JUNE 18, 2023

And third, to prove your property’s worth to potential buyers. They will also analyze local market trends, recent comparable sales, and any unique features your property might have. Armed with this information, you’ll be able to set a competitive price that will attract buyers and maximize the sale.

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Appraisal Property Taxes Real Estate Market Value 145

McKissock

OCTOBER 12, 2021

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.”

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Appraisal Market Value Investors Buyers 84

Boston Appraisal

NOVEMBER 6, 2020

Reason #1: The Range of Value The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. A real estate appraisal measures the actions of typical buyers and sellers in the marketplace and rarely do two buyers offer the same exact amount.

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Appraisal Market Value Sellers Real Estate 78

Realtor

MARCH 7, 2023

Though the design, system, and fuel source don’t matter, the unit must provide appropriate temperature control. The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit. Operable heating and cooling: The home must have working heating and cooling systems.

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Inspection Appraisal Market Value Finance 111

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 first is that the seller accepts your terms, no strings attached. The second is the seller negotiates back.

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Appraisal Process Appraisal Construction Sellers 139

AmeriMac

APRIL 30, 2024

A commercial appraisal serves as a basis for negotiations between buyers and sellers, as it provides an objective assessment of a property’s worth. For buyers, it helps in determining a fair price to offer, while sellers can use it to showcase the value of their property.

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Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home.

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Empire Appraisal Group

AUGUST 12, 2021

Be ready to explain to home buyers and sellers why there may be conflicting reports on a home’s livable space. Many characteristics affect the appeal, marketability, and value of a property. The cost approach considers the value of the site and the estimated cost to replace the subject dwelling, less depreciation.

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McKissock

DECEMBER 21, 2021

Choose a professional designer to prepare the brochure to maximize the features of the home – the difference is astounding. Real Marketing provides just such a service. 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.

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Marketing Decorating Buyers Training 86

East Coast Appraisal

OCTOBER 18, 2021

Accurate home appraisals benefit both property buyers and sellers. Appraisals help buyers to get mortgage approval and avoid overpaying for their houses. On the other hand, sellers avoid underselling their homes. Many buyers judge homes by their physical properties. Land value depends on: The location.

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Property Appraisal Appraisal Architecture Construction 52

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.’

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Appraisal Contracts Sellers Business 52

Assurance Financial

APRIL 29, 2021

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money.

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D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a legal document that determines fair market value for a property. For more information on what a home appraisal inspection consists of and how value is determined, see our previous blog post – ‘Home Appraisals – What They Look For.’ What is an Appraisal, and Who Pays for it?

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Appraisal Appraisal Process Legal Inspection 103

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer.

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer.

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Appraisal Tips Appraisal Law Market Value 78

AmeriMac

SEPTEMBER 30, 2023

We’ll also discuss how it differs from mortgage appraisal, specifically designed to facilitate mortgage lending. The Importance of Relocation Appraisal in Today’s Real Estate Market Relocation appraisal is crucial for assessing a property’s market value, aiding informed decisions by buyers and sellers.

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The Robert Weiler Company

MARCH 15, 2021

Today, it is in the aforementioned neighborhoods that a special purpose property – buildings designed for one specific use – are being repurposed for new ventures. And, they too, face a variety of challenges unique to their designation. For instance, the property’s layout may be distinctive or it the building’s design one-of-a-kind.

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The Robert Weiler Company

OCTOBER 21, 2022

Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

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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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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.

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Appraisal Contracts Market Value Mortgage 85

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Local market. Typically banks only issue a loan up to the fair market value of a house.

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Appraisal Property Taxes Buyers Sellers 36

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Local market. Typically banks only issue a loan up to the fair market value of a house.

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Appraisal Property Taxes Buyers Sellers 36

PennyMac

JULY 20, 2021

She encourages buyers to make sure that the agent they choose has the necessary experience to guide them through anything they may encounter. If you’re selling a property, you’ll also want to make sure your agent is in-the-know on the latest and most effective marketing tactics in the industry. How many are sellers?

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Real Estate Agent Real Estate Agents Sellers 69

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. After taking care of the above expenses, whatever amount is left over is the seller’s profit. As a result, the seller no longer has that mortgage. Traditional Home Sale.

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Mortgage Sellers Buyers Finance 74

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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Appraisal Today

JANUARY 19, 2024

Stehling designed an open layout with lots of natural light, thanks to walls of windows on all three stories of the atrium, attached to the rest of the home via a platform deck and glass-enclosed walkway. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth.

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Appraisal Contracts Real Estate Architecture 73

Appraisal Today

SEPTEMBER 15, 2023

The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than market value. Therefore, the final price may not reflect the market value of the property.

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Appraisal Real Estate Agent Contracts Real Estate 82

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Local market. Typically banks only issue a loan up to the fair market value of a house.

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Appraisal Property Taxes Buyers Sellers 28

Assurance Financial

MAY 18, 2022

Several government loan programs exist to help buyers take one step closer to the American dream of homeownership. USDA loans , also known as Rural Development loans, are designed to make homeownership affordable and provide affordable housing to rural communities across the U.S. What Is a USDA Loan? There are two types of USDA loans.

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Insurance Government Mortgage Sellers 69

Will Springer Realtor

MARCH 11, 2024

However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. Prospective home sellers are smart people. In the face of mounting challenges, knowledge is power. ELECTION YEAR EFFECT?

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Insurance Sellers Real Estate Buyers 36

AmeriMac

FEBRUARY 28, 2022

Any type of appraisal serves a crucial purpose: accurately determining the value of the property in question. This is necessary not only to make sure that buyers and sellers are getting a fair price during a transaction, but it’s something that is required by lenders as well. What Are Commercial Appraisal Services?

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Appraisal Real Estate Sellers Buyers 36

AmeriMac

FEBRUARY 28, 2022

Any type of appraisal serves a crucial purpose: accurately determining the value of the property in question. This is necessary not only to make sure that buyers and sellers are getting a fair price during a transaction, but it’s something that is required by lenders as well. What Are Commercial Appraisal Services?

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Appraisal Real Estate Sellers Buyers 36

Lamacchia Realty

MAY 6, 2024

Plus, that can significantly help to declutter by providing a designated space to store seasonal items, sports equipment, or seldom-used possessions, freeing up valuable living space and reducing household clutter. In addition, the influence of local community features on property values can’t be overstated.

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Logistics Realty Transportation Property Taxes 53

McCarthy Appraisal Blog

NOVEMBER 13, 2018

To come up with the market value of your home, the appraiser will measure the exterior walls to determine square footage of the heated and cooled portions of your home. Comparable means they are similar in age, size, design, construction quality, and amenities. What is important to note is that price and value are not the same.

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