PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

Quicken Loans

MAY 18, 2021

If the house is being passed to heirs, they will have to pay taxes on the fair market value of the property out of the funds and assets in the estate. Consult a tax adviser to go over your options for determining fair market value. Any decorative or nonessential improvements are at your discretion.

Landlords 55

Landlords Decorating Market Value Mortgage 55

AmeriMac

JANUARY 19, 2021

Highlight new and upgraded features, especially those adding value to your house. Renovating your kitchen, bathroom, or bedrooms. Updating your house’s decor. One more effective way to increase your home’s market value is to compare it with similar ones and highlight the benefits of your property.

Appraisal 36

Appraisal Real Estate Agent Market Value Real Estate 36

Listing Spark

MARCH 15, 2022

If the yard is full of toys, tools, or other items, it will be difficult for potential buyers to get a good idea of what the property could look like. Update your decor. Don’t do any major renovations or updates before the appraisal. Major renovations or updates before the appraisal can hurt a home’s value.

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. Despite what some highly placed authorities in the GSEs mistakenly would have us believe, the contract price, in and of itself, is not indicative of a property’s market value.

Appraisal 72

Appraisal Contracts Real Estate Architecture 72