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Guide To iBuyers and iBuying For Home Buyers, Sellers, And Agents

Quicken Loans

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. markets, but they’ve been steadily expanding. What Is An iBuyer?

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What’s that Smell Worth? Insights from a Seasoned Appraiser

McKissock

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. Free Download: Ready to launch your appraisal career? For example: I had an assignment to appraise a 3,500 sq.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

.” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” Appraisers do not assign value “Appraisers do not dictate a home’s value, the market does.” ” “That we research value, we do not assign it.”

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Mortgage Term Glossary

Assurance Financial

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. Fair Market Value.

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The Cost Approach: An Underutilized Approach to Value

McKissock

.” Here are two quotes from that article that are still true today: “How credible do you think a current estimate of market value will be if it is based solely on three sales made to low down-payment buyers at the height of the recent feeding frenzy?” What should it be insured for?

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Experienced Appraisers Share Their Number One Tips for New Appraisers

McKissock

” “Remain unbiased at all times and use reliable data to support your value conclusions.” ” “Be thorough on your inspections.” The inspection part is the easy part. ” “Listening to buyers is knowing the market.” ” “Fact check, fact check, fact check!”

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

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