Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

OCTOBER 10, 2023

However, it may be helpful to add short descriptions like “renovated” or “XL terrace” to show unique features of the properties you’ve included in a “Notes” section at the end of your CMA report. This gives your clients an option to review or scan the document and prepare questions if needed. They are more appropriate for an appraisal.

Marketing 376

Marketing Real Estate Agent Clients Tools 376

Simonson Real Estate

JULY 10, 2020

Site and Building Details Title work Environmental Information Purchase Agreement Income Information Arm’s length vs. related party leases Historical Income & Expense Statements – Verify the owner’s consolidated statements match up with tax returns Signed lease documents, detailed rent roll, etc. Value Scenarios.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

McKissock

NOVEMBER 24, 2022

Renovation and Remodeling Appraisal Considerations When appraising proposed modifications, remodels, or renovations to a residential property, appraisers must decide the feasibility of the modification, if it adds any contributory value, if it extends the remaining economic life, or possibly improves the property’s marketability.

Appraisal 52

Appraisal Renovations Architecture Real Estate 52

Simonson Real Estate

SEPTEMBER 16, 2021

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. What is a Standard Turn-around Time for a Commercial Appraisal? Providing an in-depth and accurate appraisal report can take many hours to complete.

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Appraisal Appraisal Process Real Property Real Estate 78

East Coast Appraisal

FEBRUARY 28, 2022

Any defects in construction and damage to the components mentioned above reduce your home's value. Renovations and Improvements Your home's value doesn't end after its original construction. Ensure any renovations you make add to the utility and comfort of your home for a higher value.

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Appraisal Renovations Home Value Construction 52

Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Progress in Revision Rates.

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Appraisal Modernization Appraisal Process Technology 281

Appraisal Today

APRIL 5, 2024

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” My comment: The post includes the appraisals and other documents for this lawsuit and a link to others. I’ve seen this happen. Systems fail.

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Appraisal Contracts Business Construction 77

Realvals

JUNE 18, 2023

An appraisal will help establish this value and ensure you receive proper documentation for your tax records. Tax appeal boards are more likely to consider a well-documented, professionally prepared appraisal in a timely manner. This will also provide the necessary documentation in case tax authorities ask for supporting evidence.

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Appraisal Property Taxes Real Estate Market Value 145

Boston Appraisal

DECEMBER 11, 2023

You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. For more in-depth information about the different approaches, please visit our website www.bostonappraisal.com ; we have blogs and videos explaining them!

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

D Fritz Appraisals

OCTOBER 11, 2022

A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Renovation loan assessments.

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Appraisal Inspection Property Taxes Easement 105

The Robert Weiler Company

SEPTEMBER 16, 2021

Cost of construction and materials. The report is a private document owned by the client, whoever commissions the appraisal. Most professional commercial real estate appraisers employ a mix of the following strategies: By cost : How much would it cost to build or significantly renovate the property? Floor plans.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

Raleigh Realty

APRIL 24, 2022

If you aren’t finding what you need, you may want to consider new construction. Gathering Important Documents In addition to financial information, you should gather documents necessary for buying a home. All of these documents combine to show lenders that you are qualified for a loan — veteran-specific or otherwise.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Government 78

Assurance Financial

MARCH 18, 2021

No matter whether you want to put a new roof on your home or build an addition, when you refinance, you can free up more cash that can be put toward these renovations. This will help you remember how much money you spent and when you performed the renovations. These improvements may also reduce your liability for capital gains tax.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

AmeriMac

APRIL 30, 2023

After their assessments, they produce an appraisal report that contains details about the home’s construction, description of its interior and exterior and recent comparable sales, and other pertinent neighborhood information. Second, repair any issues to ensure that the house is in good condition.

Appraisal 36

Appraisal Valuation Appraisal Process Renovations 36

The Robert Weiler Company

MAY 18, 2022

All expenses associated with the commercial property should be included, such as repairs and renovations, commercial real estate loans and interest rates, and costs associated with selling commercial real estate (e.g., Any construction, upkeep or upgrades, and structural enhancements should have receipts and before and after photos.

Real Estate 148

Real Estate Tenants Retail Investing 148

Appraisal Today

NOVEMBER 3, 2023

FHFA’s Desktop Appraisal Oversight: OIG Report Highlights Documentation Gaps Oct 31, 2023 Excerpts: The lack of consistent record-keeping on desktop appraisal reports could pose risks to financial safety, with the OIG pushing for increased transparency and improved monitoring. I think they achieved their goals.

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

AmeriMac

APRIL 30, 2024

The report serves as an official document that provides an objective assessment of the property’s market value. It requires thorough research, analysis, and documentation to ensure an accurate valuation of the property. It may also be necessary to provide additional documentation to support the appraisal process.

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Appraisal Appraisal Process Valuation Real Estate 36

Houston Properties

JULY 21, 2022

Located within the Inner Loop area, Avalon Place is a deed-restricted neighborhood with a collection of newly renovated properties and new construction single-family homes and townhomes. Most of the Avalon Place real estate for sale are newly renovated properties and new construction single-family homes.

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Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 20, 2022

The neighborhood features renovated vintage and recently constructed homes. Recent constructions have added luxurious two- and three-story homes with the Mediterranean, French, Spanish, and traditional architecture. Newly constructed homes typically go from $1M to $3M. better management of document flow.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 20, 2022

Camp Logan is a beautiful neighborhood filled with mostly newer construction single-family homes and townhomes. Most homes in the neighborhood are new construction single-family homes, townhomes, and newly renovated properties. better management of document flow. Check the Camp Logan Houston, Texas map below).

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

AmeriMac

JANUARY 19, 2021

Next, you’ll have to provide documentation to support your claims. Renovating your kitchen, bathroom, or bedrooms. Constructing a basement. Here too, you’ll have to produce all the necessary documents that confirm the appraiser has made a mistake when assessing your house. A custom home or tract one?

Appraisal 36

Appraisal Real Estate Agent Market Value Real Estate 36

Zillow

SEPTEMBER 24, 2016

In most parts of the country, sellers (and agents) are required to document any known defects - whether current or past - to potential buyers. Potential seller disclosures range from knowledge of leaky windows to work done without the benefit of a permit, to information about a major construction or development project nearby.

Real Estate 36

Real Estate Inspection Sellers Buyers 36

Cornerstone

AUGUST 17, 2021

These homeowners could potentially lower their monthly payment by hundreds of dollars or cash out on a substantial sum to be used for renovation, vacation, paying down debt, or starting a small business. Census Bureau/Construction Coverage, 2020. **MBS For example:**. If you have a $200,000 mortgage at a 6 percent interest rate (6.23

Mortgage 44

Mortgage Renovations Loan Officers Home Value 44

Houston Properties

MARCH 5, 2021

Sell Your Heights Property With These 20 Home Renovations. They made sure the house was show-ready, coordinated with my tenant, picked up paperwork from Homeowners Association, and sent all documents to me via email and utilized electronic signatures everywhere possible. Sell Your Heights Property With These 20 Home Renovations. "The

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Renovations Realtors Sellers Home Improvement 59

AmeriMac

JULY 25, 2022

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. Home hunters and investors make their decisions based on the info contained in the document. Cost Approach.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

Assurance Financial

APRIL 29, 2021

The CD is a five-page document listing all the details and costs of your mortgage. C to P (Construction to Permanent Loan). If you are building your home, you typically need to first take out a construction loan, not a traditional mortgage, to fund the cost of building the house. CD (Closing Disclosure). DTI (Debt-to-Income).

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

Appraisal Today

FEBRUARY 16, 2024

In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians. the price of the Naples compound was justified not only because of the size, location, and yacht basin, but also because it would be difficult to construct such a property again. baths, 2,973 sq.ft.,

Appraisal 80

Appraisal Contracts Training Architecture 80

Assurance Financial

MARCH 1, 2021

If you want to tackle a home renovation or another ongoing project and you don’t know exactly how much money you may need, you may want to choose a HELOC instead. Make home improvements: If you want to invest in a new roof or an addition, refinancing can free up cash that you can use for renovations. How Does Refinancing Work?

Mortgage 36

Mortgage Renovations Home Improvement Finance 36

Houston Properties

JULY 21, 2022

Similar to Houston’s most affluent neighborhoods, developers renovated many of Royden Oaks homes and replaced them with newer and larger properties. Royden Oaks homes for sale are a mix of elegant ranch-style homes and new construction two-story residences. better management of document flow. lower risk for mistakes.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 19, 2022

Their interiors have been renovated and equipped with modern furnishing to suit today’s fast-paced lifestyle. For those who want to live in more modern-looking homes, Sandalwood also has fully-furnished townhomes constructed no longer than a decade ago. better management of document flow. lower risk for mistakes.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Appraisal Today

JULY 22, 2022

Whether or not FAQs were original, revised, or new is not indicated in the document. Throughout the years, we’ve seen more homeowners construct dedicated “intimacy rooms”—like sex rooms or BDSM basements—inside their homes, but this is the first time this trend has been packaged in the form of a renovation reality show.

Appraisal 52

Appraisal Contracts Buyers Design 52

Raleigh Realty

MARCH 29, 2021

It also provides documentation indicating how much house you can afford. You'll need to do some renovations. These homes aren't exactly new construction, but they are a steal. Find a Lender If you want to make an offer at any point, you'll increase your odds of being successful if you're pre-approved for a loan.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Lifestyle Properties of Maine

AUGUST 6, 2019

” - redfin.com An appraisal is a document compiled by the licensed appraiser only- a similar process can be followed by a real estate agent but is referred to as a BPO (broker’s price opinion) and are not accepted by lenders to qualify homes for loans. How Do Appraisers Price Homes?

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

Appraisal Today

MAY 26, 2023

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. . … Roberts faces a maximum of five years in prison and will be sentenced in six months.

Easement 52

Easement Contracts Appraisal Inspection 52

Will Springer Realtor

MAY 12, 2021

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. >> NAHB reported an estimated 15% of all new-construction home sales in the U.S. That’s 52% higher than 2018, when Freddie first began looking at housing shortages.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Houston Properties

JULY 18, 2022

Older properties have been renovated and updated. Some have since been replaced with new construction homes. better management of document flow. Land values and average price per square foot have also posted similar positive changes, increasing by almost half over the past decade. collective time and experience of members.

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Real Estate Agent Real Estate Realtors Agents 36