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How to reduce appraisal turn times and improve the borrower experience

Housing Wire

This allows for a more objective analysis and better compliance, and often translates to a more efficient process with faster turn times, which allows buyers and sellers to transfer real property more cost effectively and with confidence. HW: What are some of the current challenges regarding property tax assessment?

Appraisal 397
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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Often personal ideas of value are different than market value because the value is in the eyes of the beholder, which does not account for the entire market of potential buyers. Market value, therefore, considers the entire pool of potential buyers of homes that are similar to, and that compete with the property being appraised.

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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

In real estate, buyers and sellers must be knowledgeable to make informed decisions. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer. The agreement is solely between the buyer and the seller, and there is no bank or lender involved.

Contracts 143
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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

Using MLS photos is a joke, as real estate agents don’t take photos of defects. A buyer gets a seller’s disclosure statement for that information. When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. No appraisal required on those!

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Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal?

Simonson Real Estate

One indication of buyer expectations becoming increasingly cautious in the multi-family market is that one commercial real estate broker has reported eight multifamily deals that have been sidelined recently. Gary is the chair of Larkin Hoffman’s real estate litigation practice group.

Valuation 146
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Appraisals and Valuation Concerns in the Current Market

Simonson Real Estate

One indication of buyer expectations becoming increasingly cautious in the multi-family market is that one commercial real estate broker has reported eight multifamily deals that have been sidelined recently. Gary is the chair of Larkin Hoffman’s real estate litigation practice group. About the Authors.

Valuation 130
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Uncertain future, forgetting the past

Annarbor Appraisal

On 3/23/20, Governor Gretchen Whitmer announced a “stay at home” order affecting all non-essential businesses, which included real estate showings. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. What about property taxes and their effect on affordability?

Buyers 78