Birmingham Appraisal

JUNE 13, 2023

I believe that appraisers and agents have a common goal: to help their clients buy or sell a home. Do provide a packet of information about the property. This will help the appraiser understand the features and characteristics of the property and save them time in researching and verifying the information.

Real Estate Agent 81

Real Estate Agent Real Estate Agents Reconsideration of Value 81

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price. 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

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

JUNE 11, 2021

Home inspections provide valuable information that can make or break your decision to purchase a home, as well as help you plan for future improvements. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. “Roof leaks, plumbing leaks, and foundation leaks.

Inspection 423

Inspection Appraisal Buyers Appraisal Process 423

Appraisal Today

APRIL 1, 2023

I tend to put a similar amount of effort into the communication side for all clients, and like to think that my work product is solid. Additionally, while appraisers still must verify the information, it can save them time. Get the relevant date of value from the client or the client’s attorney. ” 5.

Clients 52

Clients Appraisal Contracts Business 52

Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. All three are market-based approaches.

Appraisal 302

Appraisal Real Estate Agent Real Estate Agents 302

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? They are, after all, real transactions that have taken place within the market.

Real Estate Agent 89

Real Estate Agent Real Estate Clients Agents 89

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

McKissock

JANUARY 31, 2023

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals.

Real Estate Agent 79

Real Estate Agent Real Estate Agents Appraisal 79

Birmingham Appraisal

FEBRUARY 20, 2024

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what.

Agents 89

Agents Appraisal Real Estate Agent Bracketing 89

Dart Appraisal

APRIL 22, 2021

Dart Appraisal’s team of reviewers often encounters what appears to be a common misunderstanding about which portion of an estate should be valued when a client or intended user request an appraisal report: The Fee Simple Estate or the Leased Fee Estate. LEASED FEE ESTATE. Chicago: Appraisal Institute, 2015).

Tenants 67

Tenants Market Value Clients Landlords 67

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” “Market analysis and illustrations.”

Appraisal 109

Appraisal Contracts Clients Marketing 109

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 80

Realtors Appraisal Market Value Real Estate Agent 80

Appraisal Today

JULY 1, 2023

When I started fee appraising in 1986, my first client was a small local bank with a few nearby branches. Reference Guides for the Restricted Appraisal Update Report and Completion Report to provide guidance on entering information and how it will be displayed. How can market value be a function of price since price is not value?

Appraisal 85

Appraisal Contracts Market Value Mortgage 85

Birmingham Appraisal

SEPTEMBER 15, 2022

I would like to do my part by informing and educating you on the appraisal part of the transaction. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Appraisal vs Home Inspection.

Appraisal 93

Appraisal Inspection Appraisal Process Real Estate Agent 93

Realvals

JULY 27, 2022

It’s the client who pays for the home appraisal. But who is the client you ask? The appraiser will then take the inspection information back to their office and use it to write the appraisal report. . Once they have all the information they need, the appraiser will write the appraisal report at their office.

Appraisal 78

Appraisal Inspection Real Estate Buyers 78

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

SEPTEMBER 15, 2023

This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Why should an appraiser want to know this information? Absolutely they are!

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Why should an appraiser want to know this information? Absolutely they are!

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

The Robert Weiler Company

SEPTEMBER 16, 2021

Second, the motivation to look at the value of a property will be for entirely different purposes. Consider the client who is purchasing commercial property for sale. The client could be an individual or company looking to invest in real estate. It is at the client’s discretion as to how much information is released.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

Appraisal Today

JANUARY 5, 2024

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. To read more about the 4 ways, plus information on why I take ads, etc. – Work on getting a more positive attitude toward your clients, fees, etc.

Appraisal 75

Appraisal Contracts Legal Business 75

Appraisal Today

FEBRUARY 16, 2024

American opinion is more divided for behaviors such as eating a snack or sitting on a sofa, with larger shares saying it is acceptable to do these in informal meetings or in all meetings. To read more about the 4 ways, plus information on why I take ads, etc. Get the relevant date of value from the client or client’s attorney.

Appraisal 80

Appraisal Contracts Training Architecture 80

Empire Appraisal Group

JULY 1, 2021

Michelle Bradley, a certified general appraiser, instructor, and founder of Bradley Consultants LLC, recommended that agents bring a packet of information about their listing for the appraiser. Don’t tell the appraiser your client needs a certain value, for example. Interacting With an Appraiser at a Property.

Agents 78

Agents Appraisal Real Estate Realtors 78

The Robert Weiler Company

APRIL 20, 2021

They are: (1) the asset-based approach; (2) the earning value approach; and (3) the market value approach. The key is to apply the optimal approach for each business, based on the business’s capital structure, management, prospective future earnings, and market value. The market value approach.

Valuation 147

Valuation Business Buyers Market Value 147

Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property.

Market Value 88

Market Value Agents Appraisal Bracketing 88

McKissock

SEPTEMBER 10, 2020

The Dictionary of Real Estate Appraisal, 6th Edition defines intangible property as “nonphysical assets, including but not limited to franchises, trademarks, patents, copyrights, goodwill, equities, securities, and contracts as distinguished from physical assets such as facilities and equipment.”

Appraisal 54

Appraisal Valuation Real Estate Design 54

Cleveland Appraisal Blog

MARCH 18, 2021

Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. I could not find a single sale that supported an opinion of value anywhere near the purchase price. My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal.

Appraisal 195

Appraisal Investors Buyers Market Value 195

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Click here for the list of 4 ways plus information on why I take ads, etc. =. Excerpts: 2.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

NOVEMBER 25, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. I have been reading Dave’s emails with lots of useful information for a long time. Is the Definition of Market Value Outdated?

Appraisal 52

Appraisal Market Value Contracts Finance 52

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

AmeriMac

JULY 25, 2022

Prospective buyers may argue that the estimate does not reflect the property’s current market value, and the property owner may state otherwise. Even the most well-respected appraisers can make a mistake or overlook something that could negatively impact your contract. Reinforces Clients’ Confidence.

Real Estate 36

Real Estate Appraisal Valuation Clients 36