Birmingham Appraisal

FEBRUARY 28, 2023

These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price. In this blog post, I will discuss some of the most common mistakes sellers should avoid during a real estate appraisal.

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Appraisal Today

AUGUST 18, 2023

Appraisal Business Tips Humor for Appraisers Fannie: Words and Phrases in Appraisals Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! I would probably get lost ;> == Want to know more about Non-lender Appraisals? Or hit the reply button.

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Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. These include: 1.

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The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

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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? An excellent way to get more appraisal business!

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Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” My Comments on Market Changes. No inspections or appraisals?

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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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Realtor

MAY 18, 2018

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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Realtor

MAY 18, 2018

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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The Robert Weiler Company

OCTOBER 15, 2021

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. Now that we’ve piqued your interest in our fantastic city, it’s time to dive into commercial property investment. That’s great news for commercial real estate, which traditionally follows the residential market trends.

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Zillow

JULY 25, 2016

You've made an offer on a property, the seller has accepted, and maybe you’re about to sign a contract. The amount of money a buyer puts down (and when it’s put down) varies by state and local market. Even in a new condo, you'll want to inspect the interior systems.

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Appraisal Today

APRIL 14, 2023

Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers.

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Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate. Mortgage applications decreased 0.8

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The Robert Weiler Company

NOVEMBER 9, 2022

If your desired area passes our flying colors criteria, it’s time to find the commercial property you want to invest in. This may seem like a lot, but if you find an issue before you purchase the property, you can try to negotiate the price to cover the repair costs. billion of new commercial real estate construction contracts in 2021.

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Appraisal Hub

FEBRUARY 15, 2024

This process, often seen as more art than science due to its complexity, requires a deep understanding of the market, a keen eye for detail, and an analytical approach to gather and interpret data. At Appraisal Hub Inc., The Role of Professional Appraisers At Appraisal Hub Inc., At Appraisal Hub Inc.,

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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.

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The People's Appraisal Blog

MAY 3, 2018

Appraiser pressures aren’t normal everyday life pressures, they’re different.Typically, when business is good, it’s for reasons like doing a great job and providing a great service. In this example of client pressure, a subject property appraised for $180k; the contract was for $225k.

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Realtor

DECEMBER 4, 2019

An appraiser’s job is to determine the current value of a property for the potential buyer. Most of the work to determine the value of a real estate appraisal is done during an on-site inspection , where the appraiser will: Conduct a room-by-room walk-through to appraise the condition of the interior.

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Realtor

DECEMBER 4, 2019

An appraiser’s job is to determine the current value of a property for the potential buyer. Most of the work to determine the value of a real estate appraisal is done during an on-site inspection , where the appraiser will: Conduct a room-by-room walk-through to appraise the condition of the interior.

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Appraisal Today

APRIL 28, 2023

But in today’s tight market, with orders as scarce as hens’ teeth, let’s explore some other approaches to solving this problem. First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. All the top brokers in my local market have assistants. So far, so good.

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Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. Too cyclical.

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AmeriMac

JANUARY 3, 2022

They use information about these comparable homes to develop a fair value given the current conditions of the market. Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. What Is an Appraisal Contingency?

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AmeriMac

JANUARY 3, 2022

They use information about these comparable homes to develop a fair value given the current conditions of the market. Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. What Is an Appraisal Contingency?

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Appraisal Today

NOVEMBER 20, 2022

. • Failure to make appropriate time/market adjustments (positive or negative). Failures to personally inspect and photograph comparables. The company moved in 2016 and the building was sold to Steve Coon, a developer in the state, who had plans to turn it into a luxury hotel, though now it’s back on the market for $6.5

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue.

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Clear Capital

JANUARY 5, 2023

. “The appraiser profession needs greater diversity, allowing those involved in the process to reflect the diverse communities they serve.” Appraisers are trained to provide an objective, unbiased analysis, but they also must rely upon data and methodologies that have been impacted by the systemic racism of redlining.

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