Birmingham Appraisal

JUNE 13, 2023

I believe that appraisers and agents have a common goal: to help their clients buy or sell a home. This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. These factors can create a bidding war that inflates the price beyond what the market can support.

Real Estate Agent 79

Real Estate Agent Real Estate Agents Reconsideration of Value 79

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? For sellers, this can be appealing, as it may justify a higher asking price.

Real Estate Agent 87

Real Estate Agent Real Estate Clients Agents 87

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 76

Real Estate Agent Real Estate Agents Appraisal 76

Listing Spark

JULY 6, 2021

They then either flip them for a profit, keep them as a rental property, or wholesales the contract to another investor. When taking an objective looks at how “We Buy Ugly Houses” works, its apparent there are some well-defined upsides for home-sellers, as well as some significant downsides. As part of the HomeVestors Inc.

Sellers 36

Sellers Contracts Investors Real Estate 36

Hank Miller Team

DECEMBER 14, 2022

Home buyers and home sellers dabble in the “persuasion” arena during the purchase process as they roll through the deal. Home Sellers & Appraisers When an owner decides to list, their first move to solicit a real estate agent. Provided that proper and adequate support exists for the contract price, the appraiser is a minor player.

Appraisal 52

Appraisal Real Estate Agent Contracts Agents 52

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

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 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 87

Agents Appraisal Real Estate Agent Bracketing 87

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. Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. 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

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. Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Appraisal vs Home Inspection.

Appraisal 91

Appraisal Inspection Appraisal Process Real Estate Agent 91

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

Empire Appraisal Group

JULY 1, 2021

Don’t tell the appraiser your client needs a certain value, for example. If there is no competition, and you’ve got no supply, that has an influence on the value of that property.”. The appraiser has a scope of work for every lender client, which differs depending on the mortgage product, said Bradley.

Agents 78

Agents Appraisal Real Estate Realtors 78

Town & Country Residential Appraisals

JANUARY 24, 2020

If you feel that an appraiser has artificially inflated a market value opinion, report this behavior to the PA Appraiser Board here. They always come in at exactly the contract price. If agents have done their job, then the contract price should be close to the market value. This one is hard to understand.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

Market Value 418

Market Value Appraisal Buyers Marketing 418

The Robert Weiler Company

OCTOBER 21, 2022

Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. A property’s estimate is based on the current market activity, location, size, functionality and the presence or absence of amenities.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

PennyMac

JULY 20, 2021

New agents can also often deliver high quality, personalized service as a result of having fewer clients. Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. What percentage of your clients are buyers?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

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. Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property.

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. Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

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

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” percent from 6.40 percent from 6.36

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Cleveland Appraisal Blog

MAY 13, 2021

And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price. It may still be worth it to the buyer to move forward, despite paying more than market value. . THE SELLER’S VIEW.

Market Value 298

Market Value Contracts Appraisal Buyers 298

Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What if the home doesn’t appraise for the contract value? Following the accepted contract is the period for completing due diligence this could include inspections, securing financing, etc.

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

Cornerstone

OCTOBER 26, 2021

Home values are climbing at nearly historic levels. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. In layman’s terms: While buyers may want to pay extra for a home, appraisers must assess its fair market value. Sources are deemed reliable but not guaranteed.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Houston Properties

MAY 16, 2022

Land value (Median sales price per sq ft) has also jumped by over 25% in that period. The demand is higher and there are good deals to be made both for sellers and buyers of farm and ranch-style homes. Work with the best Realtor in Houston to ensure that you’re purchasing a high-quality home at a favorable market value.

Marketing 36

Marketing Real Estate Buyers Realtors 36

Cleveland Appraisal Blog

MARCH 18, 2021

The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price.

Appraisal 195

Appraisal Investors Buyers Market Value 195

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

Realvals

JULY 27, 2022

It’s the client who pays for the home appraisal. But who is the client you ask? The appraiser will reach out to schedule the inspection with the real estate agents, who will facilitate the inspection on the seller’s behalf. . Think appraisals for an estate, market value , divorce, tax appeal, etc.

Appraisal 78

Appraisal Inspection Real Estate Buyers 78

McKissock

JUNE 8, 2021

In this case, he was also the client. He ordered appraisals from three different appraisers, and the purchase price was to be the average of the three value opinions. She threatened to turn me in to the State because she said: “It’s against the law for two different appraisers to have different value opinions.”

Appraisal 73

Appraisal Contracts Clients Law 73

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

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

Listing Spark

AUGUST 2, 2021

Despite this high price, Offerpad may still be a solid option for sellers who are looking to move quickly and aren’t too worried about leaving money on the table. It is important to consider that while Offerpad can lead to a quick and easy sale, home-sellers will very likely be giving up money for this convenience.

Contracts 36

Contracts Real Estate Inspection Sellers 36

Clear Capital

DECEMBER 21, 2022

Whether it is for the borrower, the seller, or the lender, a detailed and error-free appraisal report positively influences the purchase decision and credibility of the process. The “magic” of adjustments must be adequately explained, so the client is assured of a “market-based” reconciled value.

Appraisal 69

Appraisal Bracketing Clients Market Value 69

Listing Spark

OCTOBER 18, 2021

Originating in 2015, Opendoor promised to simplify the home selling process by giving sellers an all-cash offer for their home within 24 hours. One of the pioneers of the real estate iBuyer model, Opendoor guarantees to help home-sellers “ skip the hassle of listing, showings, and months of uncertainty.” How Does OpenDoor Work?

Sellers 36

Sellers Inspection Real Estate Agents 36

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen.

Sellers 69

Sellers Agents Real Estate Buyers 69