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Market Value: Who Says What It Is?

McKissock

On the way he needed to drop off an appraisal report to a lender client. He handed the report to his client who quickly turned to the bottom of page two, and said: “Wow Ben, I was sure this one would have come in at least $20,000 higher.” Free Download: Ready to launch your appraisal career?

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Guide To iBuyers and iBuying For Home Buyers, Sellers, And Agents

Quicken Loans

The most successful realtors and agents are finding ways to incorporate technology into their practices to increase their efficiency and draw in more clients, but the rising popularity of iBuying platforms has led to a whole new wave of trepidation. Offerpad will even pay for professional movers when sellers relocate locally.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

.” “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.

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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. Maybe looking at the sales contract only after developing the appraiser’s opinion of value would help avoid the above concern? Questions we should ask ourselves.

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What’s that Smell Worth? Insights from a Seasoned Appraiser

McKissock

I phoned to notify my local lender client of the problem. The client said that it couldn’t be that bad, to which I said to come check it out yourself. My client never got past the foyer, cancelled the assignment, and denied the loan. Free Download: Ready to launch your appraisal career?

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Successful agents create effective and accurate CMA reports that help their clients make informed decisions. Here are the steps you should take to develop your CMA report Step 1.

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Avoiding Fraudsters When Buying and Selling a Home

Will Springer Realtor

Here are tips I have shared with buyer/clients to help avoid the potential financial loss from fraud: Do not send sensitive information via email. Avoid taking the bait by downloading files. King County Assessor John Wilson urges any owner curious about the value of his/her home to check the county’s website for an assessed value.