McKissock

JANUARY 31, 2023

We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.” ” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “The definition of market value.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Eppraisal

DECEMBER 20, 2022

You can then have automated emails sent to you once those home types come onto the market. They can set you up with an automatic email system (similar to the sites mentioned above) which sends you properties as soon as they come on the market that meet your criteria. Appraisals will determine the current fair market value of the house.

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Real Estate Buyers Inspection Real Estate Agent 36

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Thinking back to when you first listed your home, you likely cleaned it top to bottom and got it looking as good as new for the marketing materials. Home inspection reports (current and previous).

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Appraisal HOA Easement Valuation 126

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. While agents and appraisers cannot discuss value we can talk about the property and why they may have priced it at what they did.

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Agents Appraisal Real Estate Agent Bracketing 86

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

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Realtors Appraisal Market Value Real Estate Agent 77

Appraisal Today

JANUARY 5, 2024

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. 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. The Market Composite Index, a measure of mortgage loan application volume, decreased 9.4

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Appraisal Contracts Legal Business 76

Appraisal Today

OCTOBER 20, 2023

At that time, the real estate market was still being wildly affected by the COVID pandemic. The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. The lender may also contact the In-Plant Primary Inspection Agency or the manufacturer for the HUD Data Plate information.

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Appraisal Design Contracts Inspection 72

Genworth MI Blog

JUNE 27, 2019

This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. Similar rules, laws, and regulations have been issued by state legislatures, secondary market entities, and banking regulators.

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. Similar rules, laws, and regulations have been issued by state legislatures, secondary market entities, and banking regulators.

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Appraisal Tips Appraisal Law Market Value 78

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Bring him copies of the offers to the inspection. Absolutely they are! Or maybe both.

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Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Bring him copies of the offers to the inspection. Absolutely they are! Or maybe both.

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. 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? This is national data. MLS info can be unreliable.

Appraisal 52

Appraisal Contracts Sellers Business 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

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. A home appraisal determines the fair market value of a home. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract.

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Appraisal Process Appraisal Construction Sellers 139

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 5: Why are commercial property appraisals important?

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Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

DECEMBER 15, 2021

These appraisals are typically conducted by licensed and certified experts and are based on, among other things, similar homes in the same neighborhood and other factors pertaining to the market. When someone talks about the fair market value of a house, they’re not really talking about a specific dollar amount.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

AmeriMac

DECEMBER 15, 2021

These appraisals are typically conducted by licensed and certified experts and are based on, among other things, similar homes in the same neighborhood and other factors pertaining to the market. When someone talks about the fair market value of a house, they’re not really talking about a specific dollar amount.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

AmeriMac

OCTOBER 5, 2022

If you are in the process of buying a home, getting a home appraisal of the property can help you to get the correct market value for the home so that you don’t pay too much for it. It can be helpful for both the buyer and the seller of the property when the true value of the home is assessed. Your Loan-to-Value Ratio.

Appraisal 36

Appraisal Mortgage Market Value Sellers 36

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. Fannie and Freddie have long said that they want appraisers to tell them about their markets. No inspections or appraisals?

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Appraisal Contracts Real Estate Mortgage 52

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Recent Comparable Sales: Appraisers analyze recent sales data of comparable properties in the area to provide a market-derived opinion of value.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Town & Country Residential Appraisals

JANUARY 24, 2020

They ask you at the inspection “So, how much do you need this to come in at?” The overall health of the real estate market relies upon all parties acting in an ethical fashion, and as a consumer, you have a part to play in that. They always come in at exactly the contract price. They hide material defects in their reports.

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Appraisal Market Value Contracts Clients 36

Raleigh Realty

AUGUST 27, 2021

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. Inspection - Why do we conduct a home inspection once you have made an offer on a home? What Are My Total Costs? Has The Home Had Any Recent Updates?

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Real Estate Agent HOA Real Estate Agents 78

Aedis Appraisals

JUNE 13, 2017

House appraisals in Toronto serve the distinct purpose of ensuring that homeowners aren’t overpaying for their properties because the collateral for a given mortgage contract is almost always the actual structure in question. Although current market trends and recent property sales also play a big role as well.

Property Appraisal 36

Property Appraisal Appraisal Inspection Real Estate 36

Zillow

JULY 15, 2019

American Society of Home Inspectors (ASHI) : A not-for-profit professional association that sets and promotes standards for property inspections and provides educational opportunities to its members. Buyers market : Market conditions that exist when homes for sale outnumber buyers.

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Real Estate Agent Insurance Inspection Buyers 56

McKissock

JULY 11, 2022

” Here are two quotes from that article that are still true today: “How credible do you think a current estimate of market value will be if it is based solely on three sales made to low down-payment buyers at the height of the recent feeding frenzy?” What should it be insured for?

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Real Estate Appraisal Valuation Inspection 72

Will Springer Realtor

FEBRUARY 1, 2022

In a hot sellers’ market, establishing a date to examine bids – especially on a popular home in a desired neighborhood – is a common strategy and one that can generate a frenzy among buyers. The seller sets the time when all offers are due, typically 4-7 days after a listing hits the market.

Real Estate 36

Real Estate Sellers Buyers Legal 36

Appraisal Today

OCTOBER 7, 2022

If it had a market value of $345k, it would have listed at $345k!”. Other questions are not as relevant, such as fees, as the appraisal market in many areas is not as strong as in May when the survey was done. Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem.

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Appraisal Contracts Architecture Housing Market 52

Lifestyle Properties of Maine

AUGUST 6, 2019

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.” Some people confuse a real estate appraisal with a home inspection. What is an appraisal?

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” All appraisers under current market conditions must expand their scope of work to include additional comparable sales. Diversify!!

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Listing Spark

DECEMBER 9, 2020

This could easily differ from state to state, but we find most markets in Texas tend to be similar. In a strong market with bidding wars happening frequently, this can be negotiable and switch to a buyer’s expense, but in my opinion, it’s best to expect this to be a seller’s expense. Title Company Fees.

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Sellers HOA Insurance Contracts 69

Quicken Loans

MAY 18, 2021

In situations where the loan contract includes a due-on-sale clause , immediate repayment might be the only choice you have if you want to inherit the home without occupying it. If the house is being passed to heirs, they will have to pay taxes on the fair market value of the property out of the funds and assets in the estate.

Landlords 55

Landlords Decorating Market Value Mortgage 55

Cleveland Appraisal Blog

MAY 13, 2021

In the current market, those views may be light-years apart. People who are in the market to purchase a home, may have different motivations for doing so. And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price.

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Market Value Contracts Appraisal Buyers 298

Property Metrics

AUGUST 13, 2020

So, planning for 2% inflation each year would be a reasonable estimate in this market. Property owners, therefore, can set lease rates that allow for this 2% annual growth in overall market prices. Rising interest rates also impact the net present value of investment cash flows. Space Market Risk. Construction Risk.

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Real Estate Tenants Investing Construction 53

PennyMac

JULY 20, 2021

Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. If you’re selling a property, you’ll also want to make sure your agent is in-the-know on the latest and most effective marketing tactics in the industry.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

PennyMac

JUNE 28, 2022

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. This fee will cover the attorney preparing and reviewing agreements and contracts. The agency will use the data from the inspection to plan for flooding emergencies. Lead-Based Paint Inspection.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Tax Appeal Support: When there is a challenge to a tax assessment, a desktop appraisal may be used to provide a current market value.

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Appraisal Construction Contracts Architecture 78