Appraisal Today
APRIL 2, 2023
What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.
Appraisal Today
JULY 1, 2023
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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Eppraisal
FEBRUARY 7, 2023
If the lot is zoned for commercial use, they do well to develop it as a retail space or other business, and later serving as the landlord. By contrast, a homebuilder acquires raw land to build on and sell when home values are high. Of course, the purchaser's plans for the land are factors in its market value.
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.
McKissock
JUNE 8, 2021
He was buying an 1800s Victorian house in which his parents had operated a retail business for many years. 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?
Housing Wire
JUNE 2, 2022
million in crypto-loan value across 35 homes that have a total market value of some $44 million. And then further on down the line, open it up to other retail investors, but that depends on the regulations in place.”. That share, via Po int’s home equity investment contracts (HEIs), is typically around 10 percent or so.
Appraisal Today
APRIL 26, 2024
However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. percent from 7.13 percent from 7.40
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