Appraisal Buzz

MARCH 25, 2024

Of course, this applies to the work of real estate appraisal as well. The transaction is a complex interplay between buyer and seller. Striving to look through the microscope of empirical thought, we must not forget that our subject is more than real property, it is real people. Well…we must synthesize them.

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Sellers Appraisal Real Estate Buyers 379

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. A real estate appraisal is a process of determining the market value of a property.

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Real Estate Appraisal Marketing Market Value 83

Riverfront Appraisals

JANUARY 13, 2023

If you’ve been following me for any length of time, you know I’ve talked a lot about market value. Way too many people still think that market value is simply what a buyer is willing to pay for a property. […]. The post FAQ #2: What’s the Difference Between Appraised Value and Market Value?

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Market Value Appraisal Marketing Buyers 78

Cleveland Appraisal Blog

JULY 20, 2022

It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value.

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Appraisal Market Value Contracts Buyers 397

McKissock

DECEMBER 14, 2021

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. ” He went on to explain how the market had said that, placing all the blame on that darned old market.

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Market Value Marketing Property Appraisal Appraisal 80

Housing Wire

APRIL 19, 2024

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.

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Luxury Properties New Listings Buyers Housing Market 462

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. According to a recent survey, 73% of real estate firms reported an increase in seller impersonation attempts this year. We can reverse this trend.

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Sellers Real Estate Agent Real Estate Insurance 370

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 350

D Fritz Appraisals

MAY 13, 2024

7 Steps to Ensure Your Home Sale Goes Smoothly The real estate market in British Columbia is dynamic and diverse, with bustling urban centers like Vancouver and Victoria alongside picturesque rural communities. It’s about creating an inviting atmosphere that allows potential buyers to envision living in the space.

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Real Estate Buyers Sellers Appraisal 115

Appraisal Buzz

SEPTEMBER 26, 2022

They were able to get others to declare the value as fair, but some valued fair as high as possible. They found liar buyers. Everything worked well so long as “value” equaled price! The “official unofficial” government-related loan definition of market value is clear. Uppraisers” were in demand.

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Market Value Sellers Buyers Finance 321

Cleveland Appraisal Blog

FEBRUARY 16, 2024

I know most of my readers are interested in appraisal and real estate-related topics. FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. The mate on the opposing side accused me of appraising the property at a value that favored my client.

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Appraisal Market Value Real Estate Clients 406

Appraisal Buzz

AUGUST 16, 2021

Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market. This is true, but the value of what.

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Market Value Buyers Appraisal Sellers 448

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. They are only one part of the puzzle that appraisers have to put together to form a credible value opinion.

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Real Estate Agent Real Estate Agents Reconsideration of Value 78

Housing Wire

NOVEMBER 23, 2020

Auction.com ‘s Distressed Market Outlook report for the fourth quarter shows a pick-up in demand for distressed housing, with a 24% increase in completed foreclosure auction volume in September. Daren Blomquist, vice president of market economics at Auction.com, estimates that foreclosures will grow to more than 1.1

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Buyers Real Estate Investors Retail 530

Appraisal Hub

DECEMBER 22, 2021

Buying or selling real estate is likely one of the biggest and most rewarding investment deals you will ever make. With a home appraisal, you can position yourself more confidently in the market. With a home appraisal, you can position yourself more confidently in the market. Why get your property appraised?

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Real Estate Appraisal Property Appraisal Market Value 78

Lamacchia Realty

JUNE 20, 2023

WHAT EXACTLY IS REAL ESTATE TRANSFER TAX? Another one of these added expenses to consider is real estate transfer tax. To put it simply, a real estate transfer tax is exactly what it sounds like: a tax on any change of ownership in real estate. Who Pays the Real Estate Transfer Tax?

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Real Estate Sellers Buyers Market Value 65

Housing Wire

OCTOBER 12, 2023

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). When we see transactions that are executed at a price that is materially different than FMV, it is usually because the deal terms are imbalanced, favoring either the buyer or the seller. At a 3x multiple, FMV would be $600,000.

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Sellers Buyers Brokerage Agents 417

East Coast Appraisal

AUGUST 11, 2022

If you wish to buy or sell a home, you have most probably come across the term real estate appraisal — the process of estimating the value of a property. ?. Find out the top real estate appraisal myths. Home Appraisal Is Only Beneficial to the Buyer. Home Appraisal Value Is the Same as Market Value.

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Real Estate Appraisal Renovations Market Value 52

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. billion in assets, has a diverse portfolio of residential and commercial real estate assets.

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Marketing Real Estate Mortgage Investors 395

Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Their expertise goes beyond helping buyers and sellers determine accurate market value.

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Real Estate Appraisal Valuation Legal 63

DW Slater Company

JUNE 6, 2022

Collin County is one of the markets we cover, including Wylie. The market has been appreciating at a very rapid rate, especially within the past year. How did this horrific murder impact the value of the home? Do the buyers know that this occurred in the home? How much does a murder impact the value of a property?

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Real Estate Appraisal Market Value Marketing 166

AmeriMac

DECEMBER 30, 2023

Real estate transactions can be complex, especially regarding REO a ppraisals. Whether you’re a first-time homebuyer or a seasoned seller, this guide will provide you with all the information you need to make informed decisions during real estate transactions involving REO appraisals.

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Real Estate Appraisal Inspection Appraisal Process 36

The Robert Weiler Company

MAY 18, 2022

When selling commercial real estate, the favorite phrase, “A little bit goes a long way,” holds much truth. A study performed by the Florida Nursery Growers and Landscape Association found that something as simple as landscaping has the potential to increase the resale value of a property by 14 percent. Consider going solar.

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Real Estate Tenants Retail Investing 148

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.

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Real Estate Agent Real Estate Agents Appraisal 75

Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market.

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Marketing Mortgage Supply Chain Inventory 454

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.”

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Real Estate Agent Real Estate Agents Appraisal 97

East Coast Appraisal

SEPTEMBER 26, 2023

The appraisal process is critical to real estate transactions. Qualification and Licensing Ensure the real estate appraiser is qualified and licensed. For example, a buyer should confirm that the appraiser carries errors and omissions (E&O) insurance. Below are tips to help you get the right appraiser.

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Real Estate Appraisal Property Appraisal Insurance 52

Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

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Appraisal Renovations Architecture Appraisal Process 147

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. Buyers Consultation Once you've identified an agent, set up a consultation.

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Real Estate Buyers Inspection Real Estate Agent 36

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. Question 1: What is a commercial real estate appraisal? So, why do you need a commercial real estate appraisal?

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Real Estate Appraisal Property Appraisal Valuation 60

Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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Appraisal Property Taxes Insurance Market Value 148

Cleveland Appraisal Blog

JANUARY 19, 2023

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. That is not always a simple task.

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Appraisal Buyers Transportation Real Estate 284

Cleveland Appraisal Blog

DECEMBER 2, 2021

If this is the norm for the neighborhood, the size of the driveway may not have any impact on value. It really depends on the neighborhood and what the typical buyer in that neighborhood is looking for. DOES THE MATERIAL THE DRIVEWAY IS MADE OF MAKE A DIFFERENCE IN VALUE? What about gravel or tar & chip driveways?

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Appraisal Buyers Market Value Real Estate Agent 243

Housing Wire

MAY 12, 2022

“Homeowners continue to benefit from rising home prices,” Rick Sharga, executive vice president of market intelligence for ATTOM, said in a statement. Record levels of home equity provide financial security for millions of families, and minimize the chance of another housing market crash like the one we saw in 2008.

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Supply Chain Housing Market Market Value Buyers 454

Appraisal Hub

JANUARY 11, 2021

So if you are considering a commercial real estate appraisal in Toronto, be sure to have it done by an experienced property appraiser. You can’t go wrong with one of those established appraisal firms that have an extensive track record of providing their services to discerning commercial real estate owners.

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Real Estate Appraisal Property Appraisal Inspection 78

Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. MARKET TRENDS As everyone knows, home sales prices over the past few years were increasing rapidly!

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Appraisal Market Value Legal Property Appraisal 354

McKissock

MARCH 1, 2021

In 2002, when Dara Alperen Cipollone purchased her first home in East Boston, her real estate agent suggested she would be a great fit for residential sales. Now, with over a decade of experience in the real estate profession, these skills have made her the go-to Millennial real estate expert at RESIS.

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Real Estate Clients Real Estate Agent Renovations 90