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. But what offer will the seller accept $400,000.

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Market Value Buyers Appraisal Sellers 448

Boston Appraisal

JULY 6, 2023

In these situations, a property appraisal can be an indispensable tool in the lawyer’s arsenal. By providing an objective assessment of the property’s market value, an appraisal can aid in dispute resolution, assist in legal arguments, and guide negotiations.

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Appraisal Legal Market Value Appraisal Process 78

Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. Of course, if our clients require it, then it becomes a USPAP requirement on the assignment that we perform for them.

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Inspection Appraisal Technology Clients 369

Birmingham Appraisal

DECEMBER 5, 2023

Despite your best efforts, sometimes a property lingers on the market, leaving both you and your client frustrated. To break through this barrier, real estate agents need a fresh perspective and a solid understanding of the property’s true market value.

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Appraisal Real Estate Agent Real Estate Market Value 62

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

Housing Wire

AUGUST 31, 2023

As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction.” Fannie Mae’s Value Acceptance + Property Data program and Freddie Mac’s ACE+ PDR waive the traditional appraisal requirements for qualifying loans.

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Modernization Appraisal Inspection Valuation 329

Cleveland Appraisal Blog

JANUARY 13, 2022

In addition to the aforementioned situations, at times we may have a client that appears to be more interested in our hitting a number, getting a report back quickly, or cheaper than they are in the support behind our opinion of the value of a property. If we make an adjustment, we must have some support behind it.

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Appraisal Inspection Clients Real Estate 221

DataMaster

JUNE 15, 2023

Lenders and clients will be looking for an appraisal to secure a loan on the STR. The request will include the 1007 Rent Comparable Schedule and the request from the broker, agent, borrower, and even directly from the Lender/Client will be to utilize short-term rentals as comparables to develop an opinion of “Market Rent.”

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Appraisal Tenants Investors Business 148

Birmingham Appraisal

MAY 2, 2023

A Closer Look at The Retrospective Appraisal During the estate and tax planning process, one of the key concerns that clients often have is minimizing the tax burden on the heirs of an estate. This type of appraisal is often used for estate and tax purposes, as it can help establish the market value of a property at a prior point in time.

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Appraisal Market Value Inspection Real Estate 52

McKissock

AUGUST 13, 2021

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. When contract prices and value often differ. Of course, the number one tool to achieve that is a phony contract showing an inflated price.

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Contracts Appraisal Market Value Real Estate 64

Realvals

JUNE 18, 2023

In the first scenario, an appraisal gives you an objective perspective on the property’s value to ensure that you don’t overpay for your new home. I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. The appraisal gives them peace of mind in either case.

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Appraisal Property Taxes Real Estate Market Value 145

Simonson Real Estate

APRIL 27, 2020

One thing that isn’t changing is our enthusiasm to deliver credible analysis for our clients while simultaneously providing guidance to our colleagues. The client should be clear that the appraisal is performed at a point in time and that the market value opinion is – as of a certain date – the effective date.

Real Estate 78

Real Estate Appraisal Valuation Clients 78

Eppraisal

SEPTEMBER 8, 2023

An AVM (Automated Valuation Model) is a computer-generated estimate of a property's value based on data such as recent sales in the area, public records, and local market trends. They will provide advice on staging your home, marketing it to potential buyers, negotiating offers, and more. Interested in learning more?

Real Estate Agent 36

Real Estate Agent Inspection Real Estate Agents 36

Birmingham Appraisal

FEBRUARY 20, 2024

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. While agents and appraisers cannot discuss value we can talk about the property and why they may have priced it at what they did.

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Agents Appraisal Real Estate Agent Bracketing 89

Birmingham Appraisal

AUGUST 2, 2023

A licensed appraiser demonstrates commitment and accountability to their clients and the industry. Specialization in your specific market Real estate markets, like the Birmingham area I work in, can be multifaceted, with each neighborhood having its unique characteristics.

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Appraisal Agents Valuation Real Estate 73

Simonson Real Estate

OCTOBER 23, 2020

COVID-19 Market Analysis – Insights and Impact Analysis. COVID-19 Market Analysis – Insights and Impact Analysis. The client should be clear that the assessment is performed at a point in time and that the market value opinion is – as of a specific date – the effective date.

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Appraisal Retail Tenants Real Estate 143

DataMaster

JUNE 15, 2023

Lenders and clients will be looking for an appraisal to secure a loan on the STR. The request will include the 1007 Rent Comparable Schedule and the request from the broker, agent, borrower, and even directly from the Lender/Client will be to utilize short-term rentals as comparables to develop an opinion of “Market Rent.”

Appraisal 78

Appraisal Tenants Investors Business 78

Town & Country Residential Appraisals

JANUARY 20, 2020

Allocation is a tool used by some appraisers in some areas in order to determine land value. Its often used when no other tools are available. These tools include: Vacant land sales - this analysis is preferred as it gives an up to date look at what vacant land is commanding on the open market. 1515 acres.

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Tools Construction Appraisal Home Value 36

McKissock

MARCH 30, 2021

” The result was the indicated “Sales Price” for real estate sales folks—or, when used by appraisers, the indicated “Market Value.” ” Mr. Herbert Lafferty copyrighted the Home-Rule device in 1979. We must adapt or we will surely be left behind.

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Valuation Real Estate Appraisal Market Value 95

The Robert Weiler Company

APRIL 20, 2021

They are: (1) the asset-based approach; (2) the earning value approach; and (3) the market value approach. The key is to apply the optimal approach for each business, based on the business’s capital structure, management, prospective future earnings, and market value. The market value approach.

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Valuation Business Buyers Market Value 147

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.

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Appraisal Reconsideration of Value Agents Market Value 78

Rowe Appraisal Group

MAY 6, 2020

In most cases our clients require a comment/explanation when a contract price is higher than the most recent list price. If a home was only listed on the MLS for 5 days and has multiple offers, it most likely indicates that the list price is at or below market value. Maybe I need to look deeper at the current market conditions.

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Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

In most cases our clients require a comment/explanation when a contract price is higher than the most recent list price. If a home was only listed on the MLS for 5 days and has multiple offers, it most likely indicates that the list price is at or below market value. Maybe I need to look deeper at the current market conditions.

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Realtors Appraisal Contracts Real Estate Agent 36

Appraisal Today

NOVEMBER 25, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. Book Review: Residential Market Analysis and Highest and Best Use by Mark Ratterman, MAI, SRA Reviewer: Joe Lynch. Many decades in fact!

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Appraisal Market Value Contracts Finance 52

Appraisal Today

SEPTEMBER 15, 2023

Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc. Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than market value.

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Appraisal Real Estate Agent Contracts Real Estate 82

Appraisal Today

FEBRUARY 16, 2024

Get the relevant date of value from the client or client’s attorney. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). ” 5. I strongly recommend it.

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Appraisal Contracts Training Architecture 80

Rowe Appraisal Group

MAY 6, 2020

Appraisers should never advocate for a client’s objective. For example, if they are applying for a mortgage refinance or Home Equity Loan, they are wanting a higher appraised value. Just because one spouse hires an appraiser doesn’t mean that the appraiser is an advocate for their client. 1-847-863-5776

Appraisal 36

Appraisal Appraisal Process Real Estate Training 36

Rowe Appraisal Group

MAY 6, 2020

Appraisers should never advocate for a client’s objective. For example, if they are applying for a mortgage refinance or Home Equity Loan, they are wanting a higher appraised value. Just because one spouse hires an appraiser doesn’t mean that the appraiser is an advocate for their client. Click Here.

Appraisal 36

Appraisal Appraisal Process Real Estate Training 36

Town & Country Residential Appraisals

SEPTEMBER 29, 2019

Chip and Joanna claim to “take the worst house in the best neighborhood, and turn it into our clients dream home,” and on its face, this sounds pretty good. In home valuation language they are trying to buy under improvements for the neighborhood, which are usually a good deal, and below market value, but then there is the second half.

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Renovations Market Value Valuation Appraisal 46

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

You may need the services of a licensed appraiser if you are selling your home yourself or if you want to know the value of your home for refinancing purposes. Prepare a short list of appraisers using the search tools at the Appraisal Institute, the American Society of Appraisers and the Appraisal Subcommittee.

Real Estate 36

Real Estate Appraisal Valuation Loan Officers 36

PennyMac

JULY 20, 2021

New agents can also often deliver high quality, personalized service as a result of having fewer clients. If you’re selling a property, you’ll also want to make sure your agent is in-the-know on the latest and most effective marketing tactics in the industry. What percentage of your clients are buyers? How many are sellers?

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Real Estate Agent Real Estate Agents Sellers 69

McKissock

SEPTEMBER 1, 2020

There are HP-12C keystrokes for life estates, but in this case, the assignment ended up being a request for market value for his CPA’s needs. In other words, you are telling the client, “I don’t know what it’s worth today, as is, but I can tell you what it would be worth if the problem at hand is fixed.”

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Appraisal Land Lease Valuation Real Estate 61

Cleveland Appraisal Blog

MARCH 15, 2023

Grier is a skilled content writer and blogger specializing in healthcare, senior care, and digital marketing. She contributes to the blogs and websites of SpringHive Digital Marketing Agency clients, creating engaging and informative content that resonates with readers.

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Legal Transportation Appraisal Design 52

Listing Spark

AUGUST 2, 2021

They will have a price floor and price ceiling that can change based on the market they are buying and selling within. If your home qualifies, Offerpad will have one of their “market experts” determine the market value and decide what Offerpad is willing to offer. What are clients saying about ListingSpark.

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Contracts Real Estate Inspection Sellers 36

Clear Capital

SEPTEMBER 29, 2021

And you know, many of the other studies or, you know, academic studies, using ABMs or using other tools to try to approximate appraisal value, but this is really looking at the appraisal data and not just the value itself, but but comp selection and things like that. So, we back that number. Jeff Allen.

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Sellers Agents Real Estate Buyers 69