Birmingham Appraisal
JUNE 21, 2023
Location: The neighborhood, proximity to amenities, schools, transportation, and desirability of the area significantly impact a property’s value. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.
The Robert Weiler Company
SEPTEMBER 16, 2021
Most professional commercial real estate appraisers employ a mix of the following strategies: By cost : How much would it cost to build or significantly renovate the property? Independent and not contracted with any third party, institution, or broker. Reputable with a proven track record and locally recognized.
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D Fritz Appraisals
MARCH 16, 2021
It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract. The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase. Public transport locations. Neighbourhood Features. Interior Care.
Birmingham Appraisal
NOVEMBER 14, 2023
The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. Buyers are frequently drawn to specific neighborhoods for reasons such as safety, walkability, or access to public transportation.
Property Metrics
AUGUST 13, 2020
Changes in city growth or transportation patterns or reductions in public goods and services can all negatively impact the desirability and value of a particular property. Construction risk applies whether there is a new development or a significant renovation. Space Market Risk.
Will Springer Realtor
MAY 9, 2023
month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. Why the desire to leave?
Will Springer Realtor
DECEMBER 13, 2022
Fuel to fill our vehicle gas tanks and to transport goods weigh heavily on inflation; 18% of the Consumer Price Index is for transportation costs – the second largest component of the CPI after housing/shelter (42%). In his estimate: “Homebuilding’s going to contract.”. Home prices have straddled the $850K mark since 2019.
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