Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 76

PennyMac

OCTOBER 10, 2023

A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration.

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Appraisal Real Estate Agent Renovations Home Value 69

The Robert Weiler Company

OCTOBER 21, 2022

Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

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AmeriMac

APRIL 30, 2024

A commercial appraisal serves as a basis for negotiations between buyers and sellers, as it provides an objective assessment of a property’s worth. For buyers, it helps in determining a fair price to offer, while sellers can use it to showcase the value of their property.

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AmeriMac

JULY 15, 2021

This dramatic increase in value affects home appraisals, which is good news for both buyers and sellers. 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. What Goes into Determining a House Appraisal?

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AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. Construction. Local market. Typically banks only issue a loan up to the fair market value of a house. Improvements and renovations in the past few years. Size of the home.

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Appraisal Property Taxes Buyers Sellers 36

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. Construction. Local market. Typically banks only issue a loan up to the fair market value of a house. Improvements and renovations in the past few years. Size of the home.

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Appraisal Property Taxes Buyers Sellers 36

AmeriMac

JANUARY 19, 2021

Typically, sellers don’t have access to this. Highlight new and upgraded features, especially those adding value to your house. Renovating your kitchen, bathroom, or bedrooms. Constructing a basement. Be sure to include a thorough examination of how you got to a new market value and additional documentation.

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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. The figure helps you understand what the buyer will pay and what the seller will accept. To find the best value, you might want to look into some niche markets.

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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. A property’s estimate is based on the current market activity, location, size, functionality and the presence or absence of amenities.

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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. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. In and of itself, it is not market value.

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Appraisal Contracts Real Estate Architecture 73

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. Construction. Local market. Typically banks only issue a loan up to the fair market value of a house. Improvements and renovations in the past few years. Size of the home.

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Appraisal Property Taxes Buyers Sellers 28

Assurance Financial

APRIL 29, 2021

The CD also tells you how much cash you need to bring to closing and lists all the transactions that have taken place, such as any credits from the seller. C to P (Construction to Permanent Loan). A construction loan is typically a short-term loan that only pays for the cost of building a house. FMV (Fair Market Value).

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The Robert Weiler Company

MARCH 15, 2021

For our sellers, our most common challenge is assessing a building’s value in the absence of comparable structures and data. Cost approach : This practice compares the special purpose property appraisal value to the cost of constructing a replica structure, while also including depreciation.

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Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What if the home doesn’t appraise for the contract value? “An appraisal is a licensed appraiser's opinion of a home's market value based on comparable recent sales of homes in the neighborhood.”

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