Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Well, a cure for appraisal gap anxiety has appeared on the scene.

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Appraisal Contracts Tools Valuation 436

Appraisal Buzz

OCTOBER 3, 2022

According to the Uniform Standards of Professional Appraisal Practice (USPAP), the rules that all professional appraisers are required to abide by, appraisers must take into consideration all market trends and other influences on property value in their valuation opinions. USPAP Rule 1-3 (d) (v) makes this clear.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

AUGUST 3, 2023

McKinsey reports that the real estate industry will see a productivity gain of $110 billion to $180 billion, primarily in marketing and sales. Which real estate functions can AI outperform humans I asked GPT-4 about real estate valuation. Building trust with prospects or clients takes time.

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Real Estate Agent Real Estate Agents Tools 370

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

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

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. That can have a big impact on market value. Not professional appraisers.

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Appraisal Market Value Legal Property Appraisal 354

Boston Appraisal

JULY 6, 2023

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. The final appraisal report gives an estimated market value of the property, providing a financial baseline for negotiations, settlements, and legal arguments.

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Appraisal Legal Market Value Appraisal Process 78

Boston Appraisal

MAY 17, 2023

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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Inspection Construction Appraisal Valuation 148

Birmingham Appraisal

AUGUST 2, 2023

Whether you’re a homeowner looking to make improvements, an agent who needs a pre-listing appraisal, or an attorney or accountant who requires a certified appraisal, a well-qualified and experienced appraiser is essential for accurate property valuation.

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Appraisal Agents Valuation Real Estate 70

East Coast Appraisal

JULY 7, 2022

It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. . Some people falsify their property's information to increase its market value.

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Property Appraisal Appraisal Valuation Appraisal Process 52

The Robert Weiler Company

APRIL 12, 2023

Challenging Your New Commercial Property Value (and Tax Rate) with a Commercial Property Reassessment During the reassessment year, final property valuations are typically set by the late fall; however, many residential and commercial property owners will receive an initial tentative valuation in the mail.

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Property Appraisal Property Taxes Real Estate Valuation 148

Housing Wire

JUNE 11, 2021

An appraisal is a valuation of a property by a third party. 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. The buyer typically covers the cost of the appraisal.

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Inspection Appraisal Buyers Appraisal Process 459

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009.

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Appraisal Appraisal Process Valuation Real Estate 36

The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. Note: A commercial property valuation is considered the equivalent of an appraisal, and the words are sometimes used interchangeably. You may need a commercial valuation for many reasons.

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Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Hub

JANUARY 11, 2021

As a business property owner, it is your responsibility to consider certain factors that can affect its value before you buy or sell. After all, every commercial property is different in terms of value, supply, demand, size, location, and other qualities that may affect valuation. A client must order the appraisal.

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Real Estate Appraisal Property Appraisal Inspection 78

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The appraiser will determine which of the values is most appropriate and reflective of demonstrating the market value of the property being appraised. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why. Lenders are not value experts.

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Development Appraisal Market Value Valuation 337

Appraisal Hub

JULY 22, 2020

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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Appraisal Clients Real Estate Legal 78

Cleveland Appraisal Blog

JANUARY 19, 2023

Unless you’re in the property valuation profession, you may not have. The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value.

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Appraisal Buyers Transportation Real Estate 284

Cleveland Appraisal Blog

FEBRUARY 11, 2022

However, my client stated that something seemed off about the value. They were trying to low-ball the appraised value for the client. They were willing to shoot for a “low” value to advocate for their client. The market value is what it is. Here’s an example. Don’t get me wrong.

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Appraisal Market Value Clients Design 221

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? This approach provides valuable context for clients 3. There is a difference.

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Real Estate Agent Real Estate Clients Agents 86

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.

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Appraisal Marketing Market Value Development 99

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.

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Real Estate Agent Real Estate Agents Appraisal 75

Dart Appraisal

APRIL 9, 2021

Dart Appraisal often receives appraisal orders for properties located within transitioning markets, where commercial development is sprawling into residential areas. Whether the subject property is land or an existing residential structure, the appraisal concept of HBU determination becomes crucial in this type of valuation.

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Valuation Legal Clients Appraisal 68

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.” If a few more wheels were added, it might be an alternative for some of those automated valuation models (AVMs)? We must adapt or we will surely be left behind.

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Valuation Real Estate Appraisal Market Value 95

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.

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Real Estate Appraisal Valuation Clients 78

McKissock

SEPTEMBER 10, 2020

This is especially true where there is a business component to be considered, as would be the case with senior living, hotel valuation, or hospitals. Within the appraisal industry, there is an ongoing discussion on identifying intangibles, ownership of intangibles, and the valuation of intangibles.

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Appraisal Valuation Real Estate Design 54

Simonson Real Estate

JUNE 10, 2020

This means their work is done and they can rest easy while feeling confident that the appraisal report supports the market value conclusion. Within just the past month, several clients completed appraisal reviews with no feedback for us (picture the appraiser saying YES with a silent fist bump!). Bottom Line.

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Real Estate Appraisal Clients Valuation 148

AmeriMac

JANUARY 15, 2024

They consider various factors such as the property’s size, condition, location, and comparable sales data to determine its market value. The home appraisal process involves a thorough inspection of the property, analysis of market conditions, and the creation of a comprehensive appraisal report.

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Appraisal Appraisal Process Valuation Real Estate 36

Real Quantum

AUGUST 12, 2022

Realquantum, the revolutionary web-native commercial real estate appraisal platform company, announced today that Canadian national appraisal and consulting firm Wernick Omura Singh has engaged Realquantum to help them streamline their commercial property valuation practice. To learn more, visit [link]. ABOUT REALQUANTUM.

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Valuation Transportation Real Estate Technology 36

The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? Unfortunately, reality television shows aren’t the best platform for learning how to value a small business (or a company of any size). Question 1: Why do I need to understand business valuation?

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Valuation Business Buyers Market Value 147

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

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. I’ve also paid far less than a property’s market value because a seller was vulnerable or desperate to sell.

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Contracts Appraisal Market Value Real Estate 64

AmeriMac

JULY 25, 2022

Home negotiations can be deadlocked because of the valuation differences of a property by both prospects and homeowners. The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. What Is an Appraisal?

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Real Estate Appraisal Valuation Clients 36

Town & Country Residential Appraisals

JUNE 6, 2022

I’ve gone back through my files and found that since starting my business in 2009, I have performed over 6,200 valuations for all kinds of clients: lenders, lawyers, accountants, home owners, estates, real estate agents, etc. It works the same with performing real estate appraisals. How long have they been appraising?

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Real Estate Real Estate Agent Valuation Appraisal 50

Will Springer Realtor

MAY 10, 2022

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. 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. Another scam is property-lien fraud.

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Real Estate Buyers Valuation Law 68

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. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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Agents Appraisal Real Estate Agent Bracketing 86

Boston Appraisal

JUNE 7, 2023

How Capitalization Rates Affect Real Estate Valuation The capitalization rate, or cap rate, is a real estate valuation measure used to compare different real estate investments. It is calculated by dividing the net operating income (NOI) by the market value or purchase price of a property.

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Real Estate Valuation Investors Investing 78