Cleveland Appraisal Blog

MARCH 25, 2023

Here are some links to other articles I think you might also enjoy… Housing Concerns About Bank Runs – Housin g Notes by Jonathan Mille r The Power of Praise – Rachel Massey, SRA, AI-RRS, IFA Working RE What is the Role of Market Trends in a Real Estate Appraisal?

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Supply Chain Renovations Appraisal Market Value 280

Cleveland Appraisal Blog

JUNE 17, 2022

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. Buyers gaining power & farewell real estate honeymoon – Sacramento Appraisal Blog.

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Appraisal Development Market Value Tenants 279

Cleveland Appraisal Blog

AUGUST 11, 2022

Selling your house as-is has the apparent advantage of relinquishing the need to deal with your old place when you prepare to move to your new home. Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. In addition, selling as-is is the norm in some real estate markets.

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Renovations Buyers Appraisal Investing 221

McKissock

OCTOBER 3, 2021

Mashvisor provides a real estate analytics tool that helps real estate investors quickly find traditional and Airbnb investment properties. . One of the best aspects of real estate investing is the variety of options that you can choose from. Wholesaling real estate as an investment strategy.

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Investing Real Estate Real Estate Agent Realtors 87

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal. The seller can pick a different one.

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Real Estate Agent Sellers Inspection Real Estate 69

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. That is a lot of bread!

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Housing Market Marketing Reconsideration of Value Contracts 367

Lamacchia Realty

JUNE 21, 2022

That’s because fewer homes are being placed under contract. If your home has been on the market without any strong offers, it may not be priced correctly. In typical real estate markets, a seller should receive at least one offer within the first two weeks of listing the home. They are right.

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Housing Market Bracketing Marketing Sellers 65

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. Click here to visit their website.

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Appraisal Law Development Valuation 309

Hank Miller Team

DECEMBER 14, 2022

The typical real estate agent doesn't dabble, they will do whatever necessary to secure their commission. Home Sellers & Appraisers When an owner decides to list, their first move to solicit a real estate agent. The loan is based upon the lower of the contract price or appraisal, and sometimes appraisals come in low.

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Appraisal Real Estate Agent Contracts Agents 52

Miller Samuel

MARCH 19, 2019

In the original 2014 proposal by the Fiscal Policy Institute, the first item in the proposal is off to a bad start as they describe what happened in the market: These owners bid up the price of NYC residential real estate, and since they don’t spend much time in these units, contribute little to the local economy compared to full-time residents.

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Real Estate Law Development Investors 370

Appraisal Today

JULY 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on new online Fannie forms, highest and best use, real estate market, unusual homes, mortgage origination stats, etc. Famed Rotating Home in California On the Market for $5.3M How can market value be a function of price since price is not value?

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Appraisal Contracts Market Value Mortgage 86

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. We have never seen a pandemic real estate market before. Real estate market? ==.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JANUARY 20, 2023

Chance to really irritate annoying real estate salespeople. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. What is happening in your market? ’ Home sellers gave concessions to buyers in 41.9%

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Appraisal Contracts Sellers Business 52

Raleigh Realty

AUGUST 27, 2021

Questions To Ask When Buying A House Wondering what questions to ask when buying a house? Here's everything you need to know about buying a home Whether you are a first-time home buyer or a seasoned veteran of the housing market, buying a house is no small undertaking.

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Real Estate Agent HOA Real Estate Agents 78

Appraisal Today

JANUARY 5, 2024

Chance to really irritate annoying real estate salespeople. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. from 0.55 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Contracts Legal Business 76

Appraisal Today

OCTOBER 7, 2022

If it had a market value of $345k, it would have listed at $345k!”. NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. The Tectonic House in Venice Beach, CA – $5.8M.

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Appraisal Contracts Architecture Housing Market 52

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Market Value Appraisal Buyers Marketing 418

Movoto

FEBRUARY 23, 2024

Here, we’ll explore the nuances of each to help you understand both kinds of contracts. A lease is a contract between a tenant (lessee) and landlord (lessor) that gives a tenant the right to live in a property for a fixed period of time , typically covering a 6 to 12-month rental period, whilst making consistent payments for the duration.

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Tenants Landlords Contracts Legal 28

Appraisal Today

JANUARY 27, 2023

One of the most quoted experts on housing markets, Jonathan Miller of real estate appraisal company Miller Samuel, won an unusually large 30-way bidding war for a Connecticut house built in 1755.” Popular topics include how to market to attorneys and get referrals from real estate agents.

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Appraisal Contracts Transportation Real Estate 52

Zillow

JULY 15, 2019

This lexicon of real estate terms and acronyms will help you speak the language like a pro. Appraisal : An informed, impartial and well-documented opinion of the value of a home, prepared by a licensed and certified appraiser and based on data about comparable homes in the area, as well as the appraiser's own walkthrough.

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Real Estate Agent Insurance Inspection Buyers 56

Cleveland Appraisal Blog

MARCH 18, 2021

Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. I could not find a single sale that supported an opinion of value anywhere near the purchase price. My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal.

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Appraisal Investors Buyers Market Value 195

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 78

PennyMac

JUNE 28, 2022

A real estate purchase includes many players and moving parts to reach the final sale, and each of the players and parts do cost money. 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. Closing Fee.

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Insurance Property Taxes Sellers Inspection 36

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. The Fed is determined to cool inflation, and they’re willing to throw housing under the bus to do so,” Devyn Backman, senior researcher at John Burns Real Estate Consulting, told realtor.com.

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Housing Market Marketing Buyers Real Estate 36

Appraisal Today

OCTOBER 6, 2023

There is a real estate appraiser section with some of the brightest appraisal minds in the industry, and yet…no contribution to this report about property data collectors. Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area.

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Appraisal Contracts Real Estate Mortgage 78

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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Housing Market Marketing Inventory HOA 36

Assurance Financial

NOVEMBER 9, 2021

The real estate market has fluctuated significantly over the past few decades, with a median sales price difference of $195,900 in the last 20 years alone. With these constant housing market shifts, it can be challenging to determine the best time to buy or sell a house. What Is a Buyer’s Market?

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Marketing Sellers Buyers Real Estate 36

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. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. Understanding what an appraisal gap means for you is essential in today’s market.

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Sellers Buyers Appraisal Loan Officers 57

Cleveland Appraisal Blog

SEPTEMBER 18, 2021

I hope that you’ve enjoyed taking a break from real estate topics this week. Chickens and honeybees can add value to your home. But not market value. They can add emotional value in terms of joy, fun, and education. The Appraisal Gap Contract Language – Between the Lines with Brian C.

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Appraisal Market Value Marketing Contracts 243

Lamacchia Realty

MARCH 28, 2023

February 2023 connecticut housing report February Highlights As we move further into the year, the Connecticut housing market is showing signs of improvement, although home sales in February are still significantly lower compared to last year. Instant Home Evaluation See immediately how this market is impacting your home value.

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Sellers Buyers Inventory Real Estate 54

Appraisal Buzz

MAY 24, 2021

Challenges often arise in how professionals figure out the overall value of multifamily homes. Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. Essentially, you calculate each unit’s fair market rent based on other rentals located in the neighborhood.

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Appraisal Tenants Buyers Landlords 397

Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December. So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December.

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Marketing Sellers Buyers Inventory 67

Lamacchia Realty

JULY 22, 2022

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. Pending Home Sales (contracts accepted). The number of homes placed under contract declined 13.7%

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Sellers Buyers Inventory Contracts 73

Lamacchia Realty

FEBRUARY 22, 2022

The 2021 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2021 compared to 2020 and illustrates what that means for the current market. Pending Home Sales (contracts accepted). This phenomenon caused prices to rise at the rate they did.

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Inventory Sellers Buyers Real Estate 51

Appraisal Today

SEPTEMBER 9, 2022

For most Americans, the idea of living in a mansion falls squarely in the realm of the daydream—one perhaps indulged while watching “The Real Housewives of Beverly Hills,” or for those old enough to still hear the unmistakable enunciation of Robin Leach ringing in their ears during an episode of “Lifestyles of the Rich and Famous.”.

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Reconsideration of Value Appraisal Clients Contracts 52