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4 Ways to Help Manage Client Expectations

McKissock

The reality, however, is many agents struggle to properly set and manage the client’s expectations of how the chaos is going to work and how the process is going to play out. Managing client expectations is critical, and sadly, often overlooked as part of the agent/client relationship. As agents, we know better.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. Sponsored content presented by Citibank, N.A. NMLS #412915. Member FDIC and Equal Housing Lender.

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When to Apply Extraordinary and Hypothetical Assumptions

Boston Appraisal

The process of determining a property’s market value is called a real estate appraisal. The appraiser also needs to be aware of the zoning regulations, city ordinances, and other restrictions that can affect the value of the property. The report must be signed and dated by the appraiser in order to be used by the client.

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Questions to Ask When Choosing Your Appraiser

Appraisal Hub

Who are your other clients? it’s a good idea to choose appraisal firms in the Greater Toronto Area that are trusted not only by individual clients but also by corporate clients. Certified appraisers are trained to provide appraisal services for all property types and values. Are you certified?

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Success with Relocation Appraisals: Key Strategies

AmeriMac

Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

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Properties with Highest & Best Use Scenarios

Dart Appraisal

The Dictionary of Real Estate Appraisal defines Highest and Best Use (HBU) as “The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value.” Maximum productivity.

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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. Attorneys are the professionals who are licensed to analyze and give opinions on the accuracy, appropriateness, adequacy, abnormalities, and legality of contracts.