article thumbnail

Recap: Valuation Expo 2021

Appraisal Buzz

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. Buyers and sellers? Realtors and Property Appraisers? The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz. Interest rates?

Valuation 195
article thumbnail

Working with buyers in the nation’s hottest housing market

Housing Wire

“If a seller has those multiple offers, they are looking first at cash offers and may even consider a lower cash offer because they don’t have to worry about the property appraising for that price,” Garrett said. “If Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real Estate Appraiser: The Key to Accurate Property Valuation

Appraisal Hub

Whether you’re a homeowner, a prospective buyer, or a real estate professional, understanding the true value of a property is crucial. This is where the expertise of a real estate appraiser becomes invaluable. Firms like Appraisal Hub Inc. Choose wisely, choose a professional appraiser in Toronto.

article thumbnail

4 Mistakes to Avoid During Property Appraisal

East Coast Appraisal

property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. .

article thumbnail

Historical Properties and Their Unique Appraisal Approaches

Boston Appraisal

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.

Appraisal 147
article thumbnail

Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Conversely, an underimproved property might be lacking in amenities that most buyers expect to see. How about underimproved? What do these things indicate?

Appraisal 284
article thumbnail

The Three Basic Approaches to Commercial Property Appraisal

Valcre

Essentially, an appraisal gives an updated picture of the current market value based on factors like location, age, and how well it has been maintained. In turn, this allows for transparency and gives potential buyers or lenders a clear idea of what is an appropriate price range, loan amount, and/or insured value.