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. Other users might be sellers, mortgage underwriting, banks, and contractors. What If The Appraisal Is Less Than The Contract?

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

The Robert Weiler Company

OCTOBER 21, 2022

Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Appraisal Today

APRIL 14, 2023

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. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” percent from 6.40 percent from 6.36

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Cornerstone

OCTOBER 26, 2021

It’s a basic law of economics: Low supply plus high demand automatically causes a price increase. 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.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Appraisal Today

SEPTEMBER 15, 2023

This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than market value. To read more, click here My comments: worth reading, or skimming.

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

McKissock

JUNE 8, 2021

His intent was to buy the house from his parents and relocate his law offices there. He ordered appraisals from three different appraisers, and the purchase price was to be the average of the three value opinions. Conversely, what if the contract price was five percent higher than the appraised value estimate? Not likely.

Appraisal 73

Appraisal Contracts Clients Law 73

Listing Spark

AUGUST 2, 2021

Despite this high price, Offerpad may still be a solid option for sellers who are looking to move quickly and aren’t too worried about leaving money on the table. It is important to consider that while Offerpad can lead to a quick and easy sale, home-sellers will very likely be giving up money for this convenience.

Contracts 36

Contracts Real Estate Inspection Sellers 36

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” His law practice is dedicated to valuation issues.

Appraisal 81

Appraisal Contracts Insurance Construction 81

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Marketing Strategies. What Is a Buyer’s Market?

Marketing 36

Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

FEBRUARY 9, 2022

We covered this topic of “missing middle” housing last month , and state legislators appear serious about enacting laws that will encourage more building of high-density homes in urban, transit-friendly areas of the state. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home.

Buyers 36

Buyers Law Inventory Development 36