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Real estate appraisals: What agents should know

Housing Wire

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals make for realistic pricing You may want to encourage clients who are selling their homes to get an appraisal before they list their home. You’ve found a house for your buyer or a buyer for the home you’re selling.

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The Appraiser’s Perspective: Insights and Tips for Real Estate Agents

Appraisal Hub

By providing pertinent information about the property upfront, such as recent renovations or unique features, agents can help appraisers gain a comprehensive understanding of the home’s value. Additionally, being accessible to answer any questions or provide additional documentation can greatly expedite the appraisal process.

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

Birmingham Appraisal

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.

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The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened. A mutually respectful partnership ensures that each of their clients receives informed advice, leading to confident decisions.

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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. You should also be aware of any additional charges or expenses that may arise during the appraisal process, such as travel, inspection, research, or review fees.

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Commercial Appraisal: Understanding the Basics

AmeriMac

Initial Contact and Engagement The commercial appraisal process begins with the property owner, lender, or client reaching out to the appraiser, providing property details, appraisal purpose, scope of work, and access. The property inspection is a crucial step in the commercial appraisal process.

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Don’t Fall For These 6 Real Estate Scams

McKissock

Lack of documentation. Looks can be deceiving, so be sure to ask for the paperwork showing that routine inspections have been performed. Overselling a recently renovated area of the house. Additionally, it’s more than appropriate to ask for testimonials or references from past clients who have used their services.