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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

Because in both instances, they first had their homes valued by real estate agents, not appraisers. But the owner felt that a real estate agent could do the same type of valuation as an appraiser. And the agent they initially used was less expensive than hiring a certified appraiser.

Appraisal 302
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What’s Your View?

Cleveland Appraisal Blog

In a real estate transaction, everyone has a different view. There is the owner of the home, who has a view of what they feel their home is worth. Buyers have their view of how much they are willing to pay for a home. And, of course, we appraisers have our views of what a home is worth. .

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Non-Arms Length Sales for Appraisers

Appraisal Today

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.

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That Zestimate is NOT Accurate

Lamacchia Realty

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate?

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The Real Estate Transaction: Part 1 - From the Eyes of the Buyer

Eppraisal

Buyers Consultation Once you've identified an agent, set up a consultation. Your real estate agent will discuss with you the price of the home you are looking for, the size, how many rooms you need, the style, your needs and wants in a home, and much more. Closing Finally, it's closing time.

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Using Equity To Buy A Second Home

D Fritz Appraisals

What Is Home Equity? Home equity is a homeowner’s financial stake in their property. It represents the difference between what they owe on their home and its current market value. Using equity to buy a second home can be attractive for those looking for additional real estate investments.

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How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond

Realtor

To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.