article thumbnail

Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. Presented by: Auction.com.

article thumbnail

How Much Is Your Home Worth? The Intricacies of Determining Property Value

Realtor

Instead, property value is determined by everything from the year your home was built to its proximity to transportation to the number of bedrooms. And experts say there are many more intricate details that buyers and sellers might not realize that influence value. But in this instance, each house was in a different school district.

Sellers 123
Insiders

Sign Up for our Newsletter

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

article thumbnail

Understanding Appraisal Factors That Impact Home Sales: Insights for Real Estate Agents

Birmingham Appraisal

Location: The neighborhood, proximity to amenities, schools, transportation, and desirability of the area significantly impact a property’s value. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Renovation loan assessments. Local amenities – how close is the home to hospitals, schools, shops and public transport corridors? Mortgage financing and refinancing.

Appraisal 105
article thumbnail

Decoding a Commercial Appraisal: Insider Insights

AmeriMac

A commercial appraisal serves as a basis for negotiations between buyers and sellers, as it provides an objective assessment of a property’s worth. For buyers, it helps in determining a fair price to offer, while sellers can use it to showcase the value of their property.

article thumbnail

7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

Home improvements and renovations. This can include anything from the central air system you installed 10 years ago to the kitchen flooring and countertops you just renovated (along with the new oven and fridge to match, of course). An appraiser will also evaluate your home's foundation and its condition.

article thumbnail

Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Any non-permitted additions – if you’ve added a permanent structure without a permit, this can impact the value of your home and pass an unwanted issue on to the buyer. The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase.

Appraisal 126