Chicagoland Appraisal Blog

MAY 13, 2021

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. What Is the Home Appraisal Process?

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Assurance Financial

APRIL 29, 2021

If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Use the home loan glossary below to get familiar with terms and definitions that might be new to you. Fair Market Value.

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AmeriMac

DECEMBER 15, 2021

These appraisals are typically conducted by licensed and certified experts and are based on, among other things, similar homes in the same neighborhood and other factors pertaining to the market. When someone talks about the fair market value of a house, they’re not really talking about a specific dollar amount.

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AmeriMac

DECEMBER 15, 2021

These appraisals are typically conducted by licensed and certified experts and are based on, among other things, similar homes in the same neighborhood and other factors pertaining to the market. When someone talks about the fair market value of a house, they’re not really talking about a specific dollar amount.

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Appraisal Buzz

JULY 18, 2022

This transfer of negotiating power has already begun with many buyers now being able to elect contingencies such as inspection and/or appraisal – each of which was difficult to include in a competitive offer as recently as 1-2 months ago. The post Market Correction or Seller Panic? 1] [link]. [2] 2] [link]. [3]

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Appraisal Today

JANUARY 5, 2024

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. 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. Chance to really irritate annoying real estate salespeople.

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Rowe Appraisal Group

MAY 6, 2020

Bring him copies of the offers to the inspection. If a home was only listed on the MLS for 5 days and has multiple offers, it most likely indicates that the list price is at or below market value. Maybe I need to look deeper at the current market conditions. Why should an appraiser want to know this information?

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Rowe Appraisal Group

MAY 6, 2020

Bring him copies of the offers to the inspection. If a home was only listed on the MLS for 5 days and has multiple offers, it most likely indicates that the list price is at or below market value. Maybe I need to look deeper at the current market conditions. Why should an appraiser want to know this information?

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Lifestyle Properties of Maine

AUGUST 6, 2019

Definition of Appraisal The first thing to know in this process is what is an appraisal? “An appraisal is a licensed appraiser's opinion of a home's market value based on comparable recent sales of homes in the neighborhood.” Some people confuse a real estate appraisal with a home inspection.

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Cleveland Appraisal Blog

MAY 13, 2021

And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price. It may still be worth it to the buyer to move forward, despite paying more than market value. . What is solid support for market value?

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Quicken Loans

JUNE 3, 2021

After a homeowner accepts an offer, the iBuyer will set up and pay for a home inspection. The home buyer is responsible for scheduling and paying for an inspection and appraisal of the property. iBuyers insist that these calculations provide them with fair market values of homes. iBuying FAQs. Which iBuyer Is Best?

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Listing Spark

DECEMBER 9, 2020

With that said, most buyers purchasing a home expect to have a survey provided to them if they are paying fair market value for the home. This by definition is the buyer asking for a lump sum of money from the seller to pay for their closing costs at the time of closing. This generally ranges in cost between $500-$600.

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AmeriMac

NOVEMBER 15, 2021

By far, equity is one of the most important ways to preserve someone’s wealth because in theory, a home should always appreciate in value over time. Therefore, as the fair market value of the home goes up while the amount remaining on the mortgage goes down, equity continues to build over the years.

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Appraisal Renovations Appraisal Process Inspection 36

AmeriMac

NOVEMBER 15, 2021

By far, equity is one of the most important ways to preserve someone’s wealth because in theory, a home should always appreciate in value over time. Therefore, as the fair market value of the home goes up while the amount remaining on the mortgage goes down, equity continues to build over the years.

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Appraisal Renovations Appraisal Process Inspection 36

Appraisal Today

OCTOBER 6, 2023

This covers all Definitions, Rules, and Standards. Fannie Mae sees the appraisal process as “inspection + value.” Yet, the idea of sitting at the desk and relying on some stranger to gather the nuances of the property to generate a value is wildly flawed. We also have a new product launching this year.

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Appraisal Contracts Real Estate Mortgage 76

Assurance Financial

MAY 18, 2022

You might be surprised at what counts as “rural” under the USDA’s definition, so unless you want to buy a home in a metropolitan area, it can be worthwhile to check the USDA’s eligibility map to see if your location qualifies. During the appraisal, the appraiser will determine more than the market value of the home.

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Assurance Financial

NOVEMBER 9, 2021

Buyer’s vs. seller’s markets are a matter of supply and demand. At its base, the housing market is relatively simple to understand, but there’s more that goes into it than these basic definitions. There are three primary differences between each of these market types. Power Dynamic.

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Clear Capital

SEPTEMBER 29, 2021

So it’s something that is definitely worth further investigation. And Ribbon is actually company we’ve been definitely keeping our eye on — doing some some super cool things out there in the industry, helping buyers be more competitive in the marketplace. The home inspection took longer. Jeff Allen.

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