Housing Wire

MARCH 9, 2021

“Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated. were used in the report to refer to a person who bought a home in a neighborhood of primarily one race or another in 2019.). By 2021, that number shrank to $24,000.

Home Value 479

Home Value Market Value Brokerage Inventory 479

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

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. There are three basic causes of depreciation for homes. Obsolescence can cause a loss in home value. In a word, depreciation. What is depreciation?

Market Value 244

Market Value Appraisal Marketing Buyers 244

Town & Country Residential Appraisals

JANUARY 27, 2020

We’ve seen 1 bedroom homes “fluffed” into 4 bedrooms, and 0 bath homes “fluffed” into 1 bath homes - BY BROKERS?! Most home buyers have encountered a “lying listing” — the house for sale that doesn’t even remotely resemble its colorful description in the Multiple Listing Service or classified ad. With binoculars.

Home Value 36

Home Value Decorating Agents Investors 36

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Lending 432

Lending Home Value Mortgage Renovations 432

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.” It first explained how it was better than human agents.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Eppraisal

MARCH 5, 2024

In addition to the joy and comfort these changes bring into your daily life, renovations can also significantly increase your home’s market value. You enjoy a beautiful and practical home and, should you decide to sell, these improvements can attract more buyers and command a higher price.

Renovations 36

Renovations Modernization Market Value Buyers 36

Cleveland Appraisal Blog

AUGUST 6, 2021

Do you know of anyone who purchased a home within the past year? Below is a chart from the National Association of REALTORS article on home buyer regret. It reflects the results of a survey made by bankrate.com , which reflects the percentage of those who regret their home purchase, and the reasons why. Is this wise?

Buyers 243

Buyers Property Taxes Inspection Market Value 243

Eppraisal

FEBRUARY 7, 2023

By contrast, a homebuilder acquires raw land to build on and sell when home values are high. How to Market Raw Land For those who see a profit in selling raw land to developers or other interested parties, getting the most money for the lot is attained through optimal marketing.

Development 69

Development Sellers Legal Home Value 69

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

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

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Each step will get you closer to a successful home closing. Part 1 of our next two posts will dissect the real estate transaction from the buyer's perspective. Closing Finally, it's closing time.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. An appraisal confirms a home’s value.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

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.

Law 68

Law Buyers Renovations Decorating 68

Eppraisal

OCTOBER 31, 2023

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Housing Wire

NOVEMBER 7, 2023

“If somebody is concerned about that (taxes), I always put it back on the buyer and ask them, ‘Do you have any control in the increase of your rent payment?’” single-family home was $3,901, up 3% compared to 2021, ATTOM reported. For sure, it can dampen demand and, by extension, harm prices in some markets.”

Property Taxes 541

Property Taxes Home Value Government Buyers 541

Realtor

AUGUST 7, 2019

Why do appraisals happen late in the home-buying process? Simply put, home appraisals are meant for the buyer’s lender more than any other party. Appraisal value isn’t always the same as market value. So how is market value determined, if not with an appraisal? The final word?

Sellers 111

Sellers Appraisal Market Value Real Estate Agent 111

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value.

Appraisal 52

Appraisal Renovations Home Value Construction 52

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?

Real Estate Agent 73

Real Estate Agent Real Estate Sellers Realtors 73

Realtor

MARCH 7, 2023

Additional requirements for direct loans from the USDA Very low-income homebuyers might qualify for a direct loan from the USDA, but applicants should know that these homes must meet extra requirements in addition to those listed above. These loans have no home value limits at all, although they do have income limits.

Inspection 111

Inspection Appraisal Market Value Finance 111

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. An appraisal confirms a home’s value.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. An appraisal confirms a home’s value.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Round Rock Appraisal

MARCH 28, 2015

An appraisal of property serves the benefit of both the seller and the buyer. This not only makes sure the price listing for the property is fair but also to insure the buyer isn’t overpaying. Cash buyers are not looking into financing, but caution is still be practiced. Home values are affected by these situations.

Buyers 36

Buyers Appraisal Renovations Property Taxes 36

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation.

Sellers 435

Sellers Marketing Market Value Home Value 435

East Coast Appraisal

JUNE 7, 2021

If you're thinking about selling your home, you probably want to know what it's really worth. During an appraisal, your home is inspected and photographed to determine the current market value. If you would like to know more, check out these commonly asked questions about the home appraisal process.

Appraisal Process 52

Appraisal Process Appraisal Home Value Modernization 52

Realtor

AUGUST 7, 2019

Why do appraisals happen late in the home-buying process? Simply put, home appraisals are meant for the buyer’s lender more than any other party. Appraisal value isn’t always the same as market value. So how is market value determined, if not with an appraisal? The final word?

Sellers 78

Sellers Appraisal Market Value Real Estate Agent 78

Realtor

SEPTEMBER 19, 2023

Don’t put too much stock in home improvements We’re sure your brand-new kitchen is stunning but don’t be surprised if it doesn’t proportionally raise your home’s market value when it comes to the home appraisals. “There’s an epidemic of puffery,” Wiener says.

Appraisal 194

Appraisal Sellers Real Estate Agent Appraisal Process 194

Cornerstone

APRIL 30, 2021

Spring home sales should be speedier. Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. NAR’s recent Existing Home Sales report showed that pre-spring home sales were up 23.7 Spring is a favorable season for move-up buyers.

Sellers 66

Sellers Buyers Inventory Loan Officers 66

PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

PennyMac

JANUARY 2, 2024

Keep in mind, though, that you can still potentially increase your home's equity even if you don't fully recoup the cost of certain improvements. Equity is the difference between your home's current market value and the amount you owe on your mortgage. Will You Stay — A Forever Home or Prepping for a Sale?

Home Improvement 36

Home Improvement Renovations Investing Inspection 36

Eppraisal

DECEMBER 12, 2023

Winterizing your home not only ensures a cozy and comfortable living space during the colder season but also plays a significant role in maintaining and potentially increasing your home value. Here's a comprehensive guide with practical steps you can take annually in late fall or early winter to winterize your home.

Inspection 36

Inspection Home Value Market Value Investing 36

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. Here's what you need to know about home appraisals so that you come prepared. What is a Home Appraisal? A home appraisal determines the fair market value of a home.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

Appraisal 79

Appraisal Appraisal Process Renovations Market Value 79

Eppraisal

JANUARY 17, 2023

A licensed real estate agent can perform the analysis to determine how much your property is worth and if your monthly rent is in line with market value rents. Home values have increased by double digit percentages year-over-year over the past couple years. Considering selling? National median prices rose 15.7%

Investing 36

Investing Real Estate Landlords Investors 36

Eppraisal

SEPTEMBER 8, 2023

While AVMs can be a useful tool for getting a ballpark estimate of a property's value, they have limitations and may not always provide a precise estimate of the property's true market value. "Consumer They will provide advice on staging your home, marketing it to potential buyers, negotiating offers, and more.

Real Estate Agent 36

Real Estate Agent Inspection Real Estate Agents 36

McKissock

MARCH 22, 2022

You must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. That will depend on the extent of the differences between the green home and other types of houses in the neighborhood. Assess the perceived value by buyers.

Appraisal 90

Appraisal Design Appraisal Process Market Value 90

Will Springer Realtor

MARCH 7, 2023

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. The highest property value increase in King County this year occurred in Sammamish, where the median home value jumped 51%.

Property Taxes 36

Property Taxes Market Value Real Estate Government 36