AmeriMac

JANUARY 19, 2021

Here what you should do is sit down with your real estate agent and review the homes your appraiser deemed similar. Constructing a basement. Essentially, the point is to compile a list of important things your real estate agent agrees you should add. It is a poor way to get market value.

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Appraisal Real Estate Agent Market Value Real Estate 36

Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. trillion in 2022, perhaps the bigger shift is the transition from a refi to a purchase market. What if it doesn’t?). trillion in 2021 to $2.6

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Marketing Mortgage Supply Chain Inventory 458

PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

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Appraisal Real Estate Agent Renovations Home Value 69

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.

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Appraisal Inspection Property Taxes Easement 105

D Fritz Appraisals

SEPTEMBER 19, 2019

A home or house appraisal is a third-party report written by a professional appraiser who visits the property and does market research to analyze how much the house is worth in today’s market. An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home.

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Home Value Appraisal Real Estate Agent Tools 78

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. How long have they been appraising? We have the experience that matters!

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Real Estate Real Estate Agent Valuation Appraisal 50

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. The appraiser is given the contact information, which is usually the real estate agents involved, to schedule the appointment and gain access to the property.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

If you plan on selling your home, you have two options- either contract a real estate agent to properly help you price and market the home or get an appraisal so that you can maximize your income from the sale. Consulting services are what you need if you are looking to remodel, subdivide or construct an new addition.

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Appraisal Renovations Real Estate Valuation 50

Cleveland Appraisal Blog

MARCH 4, 2021

Last week, a real estate agent asked me about how appraisers adjust for age. There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. That is, until one takes a closer look. Age is a good example. Now starts the wear and tear.

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Appraisal Real Estate Real Estate Agent Loan Conditions 223

Hank Miller Team

NOVEMBER 22, 2022

In fact, some real estate agents would also benefit from a reminder about their respective roles. What is a Real Estate Appraisal? In brief (operative word), an appraisal is an estimate of the current market value of a home completed by an appraiser using set evaluation criteria.

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Inspection Appraisal Buyers Sellers 52

The Robert Weiler Company

OCTOBER 21, 2022

allow a commercial broker to counsel a client on commercial real estate investment matters, such as goals, alternatives, resources, constraints, and timing; Question 4: How accurate are commercial real estate appraisals? In short, a commercial property appraisal determines the fair market value of your property.

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Real Estate Appraisal Property Appraisal Valuation 60

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property.

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Marketing Real Estate Agent Clients Tools 394

AmeriMac

JULY 15, 2021

Neighborhood sales of comparable homes, known as “comps” in the real estate industry, is a key component used to figure fair market value of a property. A home appraisal is an educated estimate of the fair market value of the property. What Goes into Determining a House Appraisal?

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Appraisal Sellers Real Estate Buyers 36

Appraisal Today

JANUARY 19, 2024

Despite what some highly placed authorities in the GSEs mistakenly would have us believe, the contract price, in and of itself, is not indicative of a property’s market value. In and of itself, it is not market value. This post has very good ideas for marketing to real estate agents. =

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Appraisal Contracts Real Estate Architecture 73

PennyMac

JANUARY 2, 2024

Equity is the difference between your home's current market value and the amount you owe on your mortgage. A home upgrade that doesn’t fully pay for itself dollar-for-dollar in terms of increased home value may still boost your home’s overall market value, thereby increasing your equity.

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Home Improvement Renovations Investing Inspection 36

Appraisal Today

OCTOBER 20, 2023

Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. Not all non-lender appraisals require a long time marketing to real estate agents. I give you the details on how to do them and lots of marketing tips. You know how to appraise.

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Appraisal Design Contracts Inspection 71

Appraisal Today

OCTOBER 7, 2022

While agents can “puff” we cannot! If it had a market value of $345k, it would have listed at $345k!”. We look at trends in sales, pendings, listings, days on market, expired, number of offers, etc. Sometimes real estate agents take them on and off the market. =. To read more click here.

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Appraisal Contracts Architecture Housing Market 52

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. I had new construction sales that were very comparable. I also developed the replacement value, and I had comparable land sales from the neighborhood.

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Housing Market Marketing Reconsideration of Value Contracts 367

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., commercial appraisal, commercial real estate agents, advertisements, and upkeep for curb appeal).

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Real Estate Tenants Retail Investing 148

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

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Appraisal Real Estate Agent Contracts Real Estate 82

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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Appraisal Construction Contracts Architecture 77

McKissock

JUNE 27, 2021

As new health concerns arise, the need for new construction will remain prevalent. Cap rates: To find this, you divide the NOI by the current market value. Location and demographics: Your value will go up if you’re in a high-traffic area with good visibility. Buildings used for science and research were in high demand.

Real Estate 59

Real Estate Investing Retail Tenants 59

Cleveland Appraisal Blog

MAY 13, 2021

In a real estate transaction, everyone has a different view. Real estate agents have a view of what the home should be listed for, based upon their research and experience. In the current market, those views may be light-years apart. This is the strongest seller’s market I have ever seen.

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Market Value Contracts Appraisal Buyers 298

DW Slater Company

FEBRUARY 23, 2023

There are multiple reasons that inventory is still low but two major reasons, are that building costs and supply chain issues keep new construction from building as much to meet demands and existing homes are not coming on the market. Closely studying our markets is very crucial in understanding current market value for appraisers.

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Inventory Marketing Supply Chain Appraisal 128

Appraisal Today

JULY 1, 2022

Excerpt: What’s the difference between a newly constructed home and a hundred-year-old home? When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated.

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Appraisal Contracts Insurance Real Estate 52

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” It could be a real estate agent, a home inspector or even a part-time Uber driver looking for some easy money.

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Appraisal Bracketing Contracts Valuation 52

Boston Appraisal

JUNE 24, 2019

As a result, the real estate industry is progressively adopting ecology-minded trends, resulting in the gradual emergence of green buildings (both commercial and residential) across the country. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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Appraisal Real Estate Market Value Technology 78

Lifestyle Properties of Maine

AUGUST 6, 2019

“An appraisal is a licensed appraiser's opinion of a home's market value based on comparable recent sales of homes in the neighborhood.” During their visit to the home the appraiser looks at a few key items to help make their decision on value.

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

Appraisal Today

JUNE 17, 2022

The way that we did that was through cantilevers and using structural engineers and steel to help us to construct the home that we absolutely wanted.”. It might bias them toward the contract price rather than market value (it might). Access to MLS current data was limited to licensed real estate agents and brokers.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

McKissock

NOVEMBER 16, 2021

Never respond to a complaint or an ROV that is forwarded to you directly by a real estate agent, the borrower, the seller, or any other party that is not the client or the client’s designated agent. Be respectful and constructive in your response. Pause before responding. Rectify an error. Ask questions.

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Reconsideration of Value Clients Appraisal Real Estate Agent 91

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” I looked like a real estate agent.

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Appraisal Contracts Insurance Construction 80

AmeriMac

DECEMBER 10, 2020

If you’ve been doing some reading around the real estate world, chances are you’ve seen the word ‘AMC’ somewhere. Whether you’re a commercial real estate agent or a residential one, you’re going to greatly benefit from utilizing an appraisal management company (AMC).

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Real Estate Appraisal Market Value Real Estate Agent 36

Assurance Financial

APRIL 29, 2021

Instead of writing a check to put down your earnest money, you can send it to your real estate agent using an ACH. 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.

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Mortgage HOA Insurance Real Estate Agent 74

Will Springer Realtor

OCTOBER 11, 2022

There is nothing like a win-win, clearing available inventory while opening new doors for people in the market for a new-construction home. There are two examples of that this month: >> Daniels Real Estate, the fine folks behind Gridiron , is giving people a great opportunity to buy – eventually. bath , 3400 sq.

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Housing Market Marketing Buyers Real Estate 36