East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value. Any quality improvements increase the appraised value.

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Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Consulting services are what you need if you are looking to remodel, subdivide or construct an new addition. Consulting services can help you determine the best renovations to make resulting in the highest market value or it can help give you an insight into the highest potential for a subdivision or addition.

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Padove Appraisal Service

JANUARY 14, 2018

A house that was built 80 years ago, with many significant improvements completed over the past 20 years (such as kitchen and bathroom renovations, roof and window replacement, heating and air conditioning replacement, etc.) Many people have some familiarity with the comparable sales approach to estimating market value for real estate.

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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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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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The Robert Weiler Company

OCTOBER 21, 2022

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 6: What is the overall commercial real estate appraisal process?

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Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. They get to choose the upgrades, the style and layout of the home. Once the home is lived in, it can never be considered “new” again. Now starts the wear and tear.

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Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. built in 2000.

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AmeriMac

APRIL 30, 2023

They also take into account market factors and other relevant aspects that could affect the property’s value. Hence, getting a home appraisal is an important step for both homeowners and lenders in determining the current value of a property.

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Property Metrics

MAY 28, 2021

” If there is curable functional obsolescence, it means that the property could be renovated or upgraded in a cost efficient manner to bring the property up to modern standards. If it exists, it is up to the property owner/investor to assess the cost of repair/renovation versus the benefits that they will receive from it.

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Property Metrics

AUGUST 13, 2020

A liquid asset is one that can be sold immediately at market value. If an owner had to sell a piece of real estate by the end of the day, chances are that it would be for a price far below market value. The degree of illiquidity varies according to location, property type, and market cycle. Construction Risk.

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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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AmeriMac

JANUARY 19, 2021

Highlight new and upgraded features, especially those adding value to your house. Renovating your kitchen, bathroom, or bedrooms. Constructing a basement. One more effective way to increase your home’s market value is to compare it with similar ones and highlight the benefits of your property. A new furnace.

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D Fritz Appraisals

NOVEMBER 9, 2019

An accurate appraisal of your property’s current market value is essential to the refinancing of a home. If you’re like most homeowners, you are likely already somewhat aware of your home’s value in the current market. For example, be sure to point out any renovations, additions, or value-added features to the home.

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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.

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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.

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The Robert Weiler Company

MAY 18, 2022

The ROI is calculated by comparing the total cost of the investment (including the initial purchase price plus any other expenses) to its current value or sale price. Though, keep in mind that commercial real estate doesn’t always sell at market value. But you can estimate your ROI based on comparable property sales.

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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. local markets.

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Simonson Real Estate

JULY 10, 2020

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios. What is Market Value As Is and When is it Used? The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

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AmeriMac

MARCH 18, 2021

Construction. Local market. Typically banks only issue a loan up to the fair market value of a house. If appraisals show a reduction in the home’s value, borrowers may no longer be eligible for one. Most states calculate property taxes depending on your home’s fair market value.

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AmeriMac

MARCH 18, 2021

Construction. Local market. Typically banks only issue a loan up to the fair market value of a house. If appraisals show a reduction in the home’s value, borrowers may no longer be eligible for one. Most states calculate property taxes depending on your home’s fair market value.

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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. Pro Tip: You don’t need to include all the property details in your Comparative Market Analysis. Select active listings comps Choose active listings near to the subject property.

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Housing Wire

JULY 21, 2021

“The first house I rehabbed last year, it was a house that had fire damage in the kitchen, and it was just kind of an eyesore on a nice quiet street,” said McCormick, who said she purchased the home for $25,000 and then put $65,000 into renovations before selling to an owner-occupant buyer for $134,000. “It of the 2021 estimated market value.

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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. Prospective buyers may argue that the estimate does not reflect the property’s current market value, and the property owner may state otherwise.

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Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. 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.

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Realvals

JUNE 18, 2023

An appraisal will provide you with the current market value of your real estate. In some cases, if you and your spouse cannot reach an agreement on the value of your shared property, a court may require a professional appraisal. You’ll learn the current market value, and even valuable income info if requested.

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AmeriMac

MARCH 18, 2021

Construction. Local market. Typically banks only issue a loan up to the fair market value of a house. If appraisals show a reduction in the home’s value, borrowers may no longer be eligible for one. Most states calculate property taxes depending on your home’s fair market value.

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Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. 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.

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Property Metrics

APRIL 7, 2022

The yield on cost is also used to calculate the development spread , which is the difference between the yield on cost and the market based cap rate for similar but already existing buildings in the same market. Then we’ll look at how to calculate the yield on cost for a value add project. Does this value-add project make sense?

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Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. Therefore, when searching for comps, agents should factor in the impact of the local school system on property values. Today I thought I would share the search criteria I use and the reasons for each of them.

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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.

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The Robert Weiler Company

SEPTEMBER 16, 2021

Cost of construction and materials. Explanation of potential risks you may face or negative aspects that may impact the market value of the commercial property. The appraisal report for a residential property takes less time to produce and includes far less data than a commercial appraisal report. Floor plans. Don’t Be Seduced!”

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Property Metrics

DECEMBER 10, 2021

Construction Exchange : In a Construction Exchange, an investor sells the relinquished property, identifies a replacement property, and places it into the hands of a third-party known as a Qualified Intermediary (QI). While in the QI’s hands, the owner can use the sales proceeds for renovations on the replacement property.

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The Robert Weiler Company

JULY 6, 2021

They have usually been constructed over 20 years ago and require renovation at this point. Within a particular area, zoning ordinances dictate which industrial activities can occur and what kinds of properties can be constructed or operated. Lower-than-average vacancy rates are also a trait of Class B Industrials.

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AmeriMac

DECEMBER 10, 2020

Complying with USPAP means you need to write correct and accurate results of how you came up with a property’s market value. The first approach, the cost approach to value, considers building a property similar to the one undergoing appraisal. Number 3: The Income Approach To Value.

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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.,

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Zillow

OCTOBER 25, 2018

If you construct a single-family home within a specified time period, you’ll receive the lot of land it sits on for free. Median home value: $75,300. The Harmony Economic Development Authority offers a cash rebate program to incentivize new home construction. Median home value: $310,200. Marne, Iowa.

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