Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. 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.

Housing Market 368

Housing Market Marketing Reconsideration of Value Contracts 368

McKissock

JANUARY 31, 2023

” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.” ” “How value is derived.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. The goal of this article is to help lenders, banks reviewers and appraisers. Lenders, what’s in it for you?

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Dart Appraisal

APRIL 30, 2021

Once the party or parties have signed the engagement letter or indicated acceptance of an appraisal order, the letter or correspondence to an appraiser serves as a contract. Who is the client and all intended users with addressees? . Planned renovations? Vacant land, retail, industrial, multi-family, etc. .

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

McKissock

APRIL 28, 2021

One big reason clients choose to work with you is that they know you can help guide them through the buying process. It’s easy for clients to get caught up on small details that weren’t their focus at the beginning. Add a home inspection contingency clause to the contract as well for further peace of mind. . Have Patience.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

Raleigh Realty

FEBRUARY 19, 2022

They can keep buyers up at night after going under contract on a home. The seller accepts your offer and you are officially under contract and the home will be marked contingent. This is because the mortgage lender is technically considered their “client,” so they may only be allowed to share certain information with the lender.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

Simonson Real Estate

JULY 10, 2020

Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Bottom Line.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

The Robert Weiler Company

SEPTEMBER 16, 2021

Consider the client who is purchasing commercial property for sale. The client could be an individual or company looking to invest in real estate. The report is a private document owned by the client, whoever commissions the appraisal. Independent and not contracted with any third party, institution, or broker.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

McKissock

JULY 19, 2022

Hasty changes to terms and conditions of the housing contract. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. Overselling a recently renovated area of the house. The presentation of decisions as having strict deadlines. Loan fraud.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Listing Spark

SEPTEMBER 27, 2023

For some, software represents a potential threat or challenge, as it can take away clients who are looking for technical capabilities at the cheapest possible rate. Your Clients Demand Near-Real-Time Market Insights In Texas especially, markets are in flux, and there remains a severe shortage of inventory.

Realtors 36

Realtors Investing Real Estate Clients 36

Appraisal Today

FEBRUARY 16, 2024

Get the relevant date of value from the client or client’s attorney. If an executor of an estate is hiring you, for example, just say the executor is your client and only intended user (add the IRS if it’s relevant). This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac.

Appraisal 80

Appraisal Contracts Training Architecture 80

Boston Appraisal

DECEMBER 11, 2023

You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. Appraisals are needed for a range of reasons, such as a property purchase, or a refinance, divorces, estate settlements, or tax purposes, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Listing Spark

JULY 21, 2023

Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. When buyers hire an agent, the licensed professional accesses the MLS to find properties that match the client’s needs and preferences.

Real Estate 36

Real Estate Real Estate Agent Agents Investors 36

Listing Spark

AUGUST 31, 2023

Investors will purchase distressed or otherwise below-market properties, renovate them, and sell them for more than the initial purchase price. To become licensed, you are trained on a working knowledge of real estate contracts, the closing process, and other important industry information.

Real Estate 36

Real Estate Investors Investing Real Estate Agent 36

Eppraisal

JULY 28, 2023

AI-driven VR platforms can adapt to user interactions, enabling them to move through rooms, change lighting conditions, and even visualize potential renovations. Personalized Buying Experience AI-based recommendation engines in real estate can offer a highly personalized buying experience to potential clients.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Buyers 36

Realtor

FEBRUARY 22, 2019

An appraiser will investigate the condition, the square footage, location, and any additions or renovations. Whoever takes out the mortgage pays for the home appraisal, unless the contract specifies otherwise. However, just because you pay doesn’t mean you’re the client. “My What’s a buyer to do?

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

An appraiser will investigate the condition, the square footage, location, and any additions or renovations. Whoever takes out the mortgage pays for the home appraisal, unless the contract specifies otherwise. However, just because you pay doesn’t mean you’re the client. “My What’s a buyer to do?

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. We all know this is true. percent from 6.57

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. Acre lot Built in 2000 and recently renovated, the main estate and guesthouses offer a total of 7,455 square feet of living space. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.81

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

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. Even the most well-respected appraisers can make a mistake or overlook something that could negatively impact your contract.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

Appraisal Today

DECEMBER 2, 2022

Built in 1961 (renovated in 2006 by architect Hal Hayes), 3 bedrooms, 2 baths, 2100 sq.ft. Which is MOST important for building strong appraisal-client relationships? Top earners in the real estate appraisal profession are those who consistently bring in new clients. Fire Island’s NY Legendary Pyramid House for sale at $6.5M.

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Appraisal Today

JULY 22, 2022

. • DON’T discuss an appraisal with someone who is not your client. You must have the client’s permission to discuss the appraisal with a third party-no matter how nice that third party might appear over the telephone! • I need to work on finding a really beautiful sex swing that I can customize for a client.

Appraisal 52

Appraisal Contracts Buyers Design 52

Appraisal Today

APRIL 21, 2023

Increased numbers of state appraisal boards are looking at complaints against appraisers from the standpoint of the consumer, rather than that of the client and/or the intended user(s). As all appraisers are aware, the consumer has no standing with the appraiser (assuming the consumer is not the named client or intended user).

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Appraisal Today

SEPTEMBER 29, 2023

I had never seen a Fannie form, so all types of clients were new. Unfortunately, most res appraisers are unwilling to try new clients where you decide what is in your appraisal reports and what you do in your appraisals. After a painstaking renovation of the 13,872-square-foot property, they moved in in 2012. percent from 11.0

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Listing Spark

SEPTEMBER 4, 2023

The information you will be asked to provide includes: Images or video files of the property Details about the property, such as the bedroom and bathroom count, square footage, and features Documents such as your Seller’s Disclosure form, any proof of maintenance or renovations you want prospective buyers to see, etc.

Agents 36

Agents Real Estate Tools Buyers 36

McKissock

DECEMBER 4, 2020

.” “Appraisers who don’t do their ‘homework’ do a disservice to their clients. Experience as a contract review appraiser quickly revealed when appraisal research was lacking. Gentrification and renovations are rapidly increasing values. It is even more critical now in our rapidly increasing value markets.

Appraisal 66

Appraisal Property Appraisal Valuation Luxury Properties 66

Listing Spark

SEPTEMBER 5, 2023

You can sell your home as an FSBO by following these five basic steps: Make repairs or renovations to your home (if applicable). Make repairs or renovations to your home (if applicable). During this time, the buyer may have an option period where they can inspect the home and decide whether they want to stay in the contract.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

The People's Appraisal Blog

MAY 3, 2018

Or, it could be because one aims to keep the client happy by hitting value, which is not exactly a good thing. Today, too many AMCs are controlled by lender demands and if they can’t make the lender or client happy they risk losing the account. Five comparables were provided on the subject street including one across the street.

Appraisal 36

Appraisal Contracts Clients Renovations 36

Raleigh Realty

JULY 31, 2022

This is one of the steps that happen after you go under contract and sometimes can happen prior to. At the end of this inspection period repairs, financial concessions, or other negotiations may occur before entering the final phase of the contract. Structural issues can generally be seen in the attic or crawlspace.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

Appraisal Today

APRIL 7, 2023

He was planning to renovate it and stay in it, but he had to relocate.” As a result, the appraiser spends valuable time answering pointless requests from the client while the sales are not even pertinent to the appraisal. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 6.33

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Contracts 52

Listing Spark

FEBRUARY 28, 2024

You can also upload photos of your home, documentation for key aspects (such as roofing warranties or proof of renovations), required documents, and even video. Keep Your MLS Listing Updated as it Goes Under Contract and Sells The MLS listing will need attention throughout the marketing phase—and even while the property is under contract.

Real Estate Agent 36

Real Estate Agent Agents Real Estate Tools 36

Appraisal Today

JULY 29, 2022

The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. This is actually about fewer buyers getting into contract. Check out Ryan’s other recent blog posts for ideas on how to analyze your market and help your clients understand what is happening.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Birmingham Appraisal

NOVEMBER 14, 2023

Agents are looking out for the best interests of their clients and always want to sell their houses for the highest amount possible, however, unless a buyer is paying cash and does not need financing they will need to obtain an appraisal. If you use a sale of superior quality you must adjust for this or the value may not be accurate.

Market Value 88

Market Value Agents Appraisal Bracketing 88

Appraisal Today

JULY 7, 2023

You may lose a client. Despite the home’s age, it isn’t a money pit or desperate for a renovation. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.85 The average contract interest rate for 15-year fixed-rate mortgages increased to 6.30

Appraisal 76

Appraisal Real Estate Contracts Mortgage 76

Appraisal Today

FEBRUARY 17, 2023

For more details, click here : My comments : Be sure your AMC clients don’t have any past due appraisal payments to you. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.39 The average contract interest rate for 5/1 ARMs decreased to 5.53

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Quicken Loans

APRIL 7, 2021

There’s a real shortage of the necessary materials for constructing and renovating homes at this point. Your roles as a finder, negotiator and amateur psychologist for your clients are really going to come in handy right now. Of course, this will be heavily dependent on the client and their work situation. Headline News.

Real Estate 43

Real Estate Marketing Real Estate Agent Construction 43

The Robert Weiler Company

OCTOBER 21, 2022

allow a commercial broker to counsel a client on commercial real estate investment matters, such as goals, alternatives, resources, constraints, and timing; Question 4: How accurate are commercial real estate appraisals? .; This is the shortest and least expensive type of appraisal report and can only be used by the client.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60