Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised. That’s okay.

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Appraisal Market Value Real Estate Clients 406

Housing Wire

SEPTEMBER 19, 2023

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. The client can find their own appraiser, or real estate agents can recommend appraisers they have worked with before. At this point, an estimated market value is generated.

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Real Estate Appraisal Agents Inspection 436

Cleveland Appraisal Blog

APRIL 21, 2022

It’s tax appeal season and I’ve had several homeowners say that they feel their neighbors are negatively impacting the value of their home for different reasons. My clients said that one of their neighbors has people coming and going until late in the evening, most evenings. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 350

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.

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Market Value Appraisal Buyers Marketing 418

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. People who are willing to spend tens of thousands more than the market will really support, seem to be speculating that things will continue as they are.

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Housing Market Marketing Reconsideration of Value Contracts 367

Boston Appraisal

AUGUST 17, 2023

In such cases, appraisals may not reflect the true market value of the property or the fair compensation for the damages. If you or your client are facing a situation where an appraisal is challenged or disputed, you need to have a solid strategy to defend or contest the appraisal.

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Clients Appraisal Market Value Property Taxes 78

Appraisal Buzz

MARCH 25, 2024

It is the work of a therapist and their client to carefully untie those knots. Imperfect though our efforts may be, we must work to untie the knot of each transaction and of the real estate market as a whole. The representative price of this hypothetical interaction (the product of the synthesis) is known as market value.

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Sellers Appraisal Real Estate Buyers 379

McKissock

JULY 6, 2022

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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Clients Real Estate Contracts Sellers 87

Cleveland Appraisal Blog

OCTOBER 12, 2022

While Zillow does offer some great data, occasionally, some of my clients point out home sales that they found on Zillow, that appear to be comparable to their property. In most cases, my clients looked at sales on Zillow and were of the opinion that my opinion of their property’s market value was too high.

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Market Value Appraisal Clients Marketing 334

McKissock

OCTOBER 13, 2020

Between the complexities of the real estate market and the changeable landscape of financing and property value, your clients likely have an abundance of questions regarding the sale of their home. Q: “What are methods to determine the value of my home?”. Q: “What factors can influence the value of my home?”.

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Clients Advertising Real Estate Market Value 84

Inman

JUNE 10, 2023

While often used interchangeably, these three factors speak to different aspects of your business — and your clients’ decision-making process.

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Clients Business Market Value Home Value 106

Housing Wire

AUGUST 5, 2022

During this period of rising rates and general rate volatility, having the cash and credit lines on hand to ride out the rough patches in the market — known as liquidity — can be what separates the winners from the losers in the mortgage industry. The fair market value of MSRs it controls increased by about $1.3 billion to $6.7

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Market Value Clients Investing Mortgage 369

Appraiserblogs

NOVEMBER 20, 2023

To lighten the load somewhat from discussions about current highly restrictive language use in appraisal reports that tends to circumvent actual reality and truth – which can positively or adversely impact property market value, replaced with only generic, non-offensive words, I present this cartoon. Related Posts: 'Pesky' Words.

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Market Value Lending Appraisal Clients 124

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. What can lenders do to dispel this common misconception with their clients?

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Mortgage Clients Insurance Tools 391

McKissock

MARCH 1, 2021

She approaches real estate the same way she approached her healthcare work: ensuring that, from start to finish, whether buying or selling, her clients have a smooth transaction and achieve their goal. Q: How do your Millennial real estate clients find their way to you? A: My Millennial clients often come to me as a referral.

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Real Estate Clients Real Estate Agent Renovations 90

Housing Wire

FEBRUARY 14, 2024

The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. 1, the company had lost 45% of its market value. Regional banks are once again in the grip of a concentration problem.

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Mortgage Real Estate Insurance Tenants 369

Appraisal Buzz

AUGUST 16, 2021

Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market. Markets hate uncertainty.

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Market Value Buyers Appraisal Sellers 448

Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. MARKET TRENDS As everyone knows, home sales prices over the past few years were increasing rapidly!

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Appraisal Market Value Legal Property Appraisal 354

McKissock

AUGUST 19, 2020

The goal is generally to garner clients that will give you repeat business—and good word of mouth. As such, the thought of ending a client relationship may seem unfathomable. However, success—for both you and your clients—depends on a solid working relationship. Reasons to end a client relationship.

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Real Estate Clients Client Relationships Real Estate Agent 52

Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I The market has since cooled off, but taxes are going up. In August, the county raised the tax rate slightly.

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Property Taxes Home Value Government Buyers 540

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies. Requirements.

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Appraisal Marketing Market Value Development 99

Cleveland Appraisal Blog

MAY 13, 2021

In the current market, those views may be light-years apart. People who are in the market to purchase a home, may have different motivations for doing so. 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.

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Market Value Contracts Appraisal Buyers 298

Housing Wire

AUGUST 3, 2023

Job functions most likely to be impacted include sales, marketing and software engineering. Given that sales and marketing are key areas for real estate agents, generative AI will increase the probability of agents winning listings. Building trust with prospects or clients takes time. trillion to $7.9

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Real Estate Agent Real Estate Agents Tools 370

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

DECEMBER 19, 2022

billion, Rocket’s origination volume in the quarter was 31% lower than that of Pontiac, Michigan-based UWM, which has been gobbling up market share in the high-rate environment. While UWM faces a risk of losing market share when it pulls back from its aggressive pricing strategy, the wholesale lender says its bountiful profit of $325.6

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Mortgage Real Estate Agent Clients Business 376

Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. All three are market-based approaches.

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Appraisal Real Estate Agent Real Estate Agents 302

Appraisal Hub

MAY 5, 2024

As a seasoned appraiser in the vibrant real estate market of Toronto, I’ve had the privilege of witnessing the ever-evolving landscape of property valuation. We are tasked with determining the fair market value of a property based on various factors such as location, condition, and comparable sales.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Housing Wire

NOVEMBER 2, 2021

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. By close of the market Tuesday, the company’s stock price had tumbled 12% during the day, trading at $87.20

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Market Value Real Estate Agent Agents Business 393

Housing Wire

OCTOBER 10, 2023

And the market has gotten much darker over the last few years. After six years of no enforcement actions and a rapidly declining housing market, RESPA attorneys believe some in the industry may be more willing to test the boundaries. “I The same happens with concert or sports tickets as a marketing opportunity.

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Real Estate Agent Loan Officers Real Estate Agents 402

Housing Wire

JULY 16, 2021

billion market capitalization, less than half of its previous market value. Unclear is what pressure eXp’s agents may feel to direct their clients to Success. But eXp’s stock has dipped from a high of $80 per share in February to $33 as of Friday. The company now has a $4.2

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Mortgage Lending Brokerage Agents 378

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

However, enough information should be shared to help the reader begin to develop an idea of how the property being appraised fits into the overall market. This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value. NEIGHBORHOOD. IMPROVEMENTS. How big is it?

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Appraisal Development Market Value Clients 342

Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. Determining Asset Values for Financial Reporting Enhancing Financial Accuracy with Appraisals Accurate financial reporting is essential for businesses and individuals alike.

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Real Estate Appraisal Valuation Legal 65

Boston Appraisal

MAY 15, 2024

These frameworks not only shape how properties can be used but also have a profound impact on their market value. For investors, a nuanced grasp of these legal aspects is essential to navigate the complexities of the real estate market and to capitalize on investment opportunities.

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Law Real Estate Investors Legal 78

Birmingham Appraisal

DECEMBER 5, 2023

Despite your best efforts, sometimes a property lingers on the market, leaving both you and your client frustrated. Whether it’s due to unrealistic pricing, inadequate marketing strategies, or external market factors, these properties often face skepticism from potential buyers.

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Appraisal Real Estate Agent Real Estate Market Value 62

Appraisal Today

APRIL 1, 2023

I tend to put a similar amount of effort into the communication side for all clients, and like to think that my work product is solid. Get the relevant date of value from the client or the client’s attorney. Our calendar fills up with orders when the real estate market heats up. Lot size is 2,701 sq.ft.

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Clients Appraisal Contracts Business 52

Walitt Solutions

MAY 24, 2024

One of those common scenarios goes like this: I completed an appraisal and transmitted the appraisal report to the client for a purchase appraisal. My market value conclusion came in below the purchase contract price. The client wants me to change my report to show the new amended contract price!

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Contracts Appraisal Clients Market Value 74

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Blog post: Advice for Working with Difficult Clients.

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Appraisal Contracts Market Value Clients 103