Contracts Home Value Housing Market Market Value 
Cleveland Appraisal Blog
OCTOBER 14, 2021
THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Housing Bubble-Icious.
Cleveland Appraisal Blog
MAY 26, 2023
They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. That’s right!
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Birmingham Appraisal
MARCH 21, 2023
A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.
Appraisal Today
JUNE 17, 2022
NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. Did anyone think in early 2020 that home values all over the country would go off the charts? No one did.
Zillow
JULY 15, 2019
Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.
Cornerstone
OCTOBER 26, 2021
This is precisely what we’re seeing in today’s real estate market. Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price.
PennyMac
JUNE 28, 2022
In some states, you need an attorney to close on your home. This fee will cover the attorney preparing and reviewing agreements and contracts. To close on a house, you’ll need to pay whoever handles the closing for their services. If you’re buying a house built before 1979, you run the risk of lead-based paint in the home.
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