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Non-Arms Length Sales for Appraisers

Appraisal Today

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Top Ten Reasons Why It Is Great to be an Appraiser!

Appraisal Today

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. Record Share Of Sellers Give Concessions To Buyers Excerpts: ‘Buyers are asking sellers for things that were unheard of during the past few years.’

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Lenders Not Using AMCs for Appraisals

Appraisal Today

Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. But what stands out are the first seven words of Fannie’s definition: “[m]arket value is the most probable price…,” (emphasis added) a definition that places value firmly on the pedestal of sales price.

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The cure for appraisal gap anxiety

Clear Capital

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. And homebuyers certainly don’t want to overpay and start off their ownership journey with negative equity.

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Why You Need A Home Apprasial Even If Paying Fully In Cash

Appraisal Partners Blog

An appraisal is a professional opinion of a home’s value that is completely unbiased. Generally speaking, an appraisal is used to decide if the properties contract price is entirely appropriate; taking into consideration the features, condition, and location of the home in question. What is a home appraisal?

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What Is an Appraisal Contingency and Why Does It Matter?

AmeriMac

Obviously, a seller wants to get the highest possible amount of money for the home they’re about to part with. 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. Why Are Home Appraisals Important?

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What Is an Appraisal Contingency and Why Does It Matter?

AmeriMac

Obviously, a seller wants to get the highest possible amount of money for the home they’re about to part with. 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. Why Are Home Appraisals Important?