Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. Also part of the definition: Reasonable market exposure time. The reality I found was: Dell operative definition of market value.

Market Value 321

Market Value Sellers Buyers Finance 321

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often?

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

JANUARY 24, 2024

By definition, a lowball offer is an offer that is significantly below market value. Asking price and market value are not always the same thing. Determine if the listing is priced correctly Determine the actual market value of the subject property. If so, it may be time for a strategy change.

Buyers 413

Buyers Sellers Agents Counter Offer 413

Appraisal Buzz

JULY 18, 2022

In Lancaster City, for example, we must be weary that any sale going under agreement in less than 2 weeks in the current market is reflective of “market value.” The post Market Correction or Seller Panic? These concepts are what appraisers refer to as the relationship between “exposure time” and “conditions of sale.”

Sellers 435

Sellers Marketing Market Value Home Value 435

George Dell

FEBRUARY 1, 2023

Market, the word, is used over 2500 times in The Appraisal of Real Estate. Market” must matter! Market” has two main meanings which correspond to the definitions in The Dictionary of Real Estate Appraisal. One is a system to bring […] The post Market Target? But what is it?

Marketing 195

Marketing Real Estate Appraisal Market Value 195

George Dell

AUGUST 31, 2022

Yet our definitions of value nearly all define a “most probable” price. The transaction zone is a range within which a sale price might occur. In prior issues, we have discussed how vintage appraisal practice is vulnerable to accusations of bias. The post Bias in the (Transaction) Zone?

Appraisal Process 195

Appraisal Process Appraisal Market Value Marketing 195

National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

Home Value 69

Home Value Market Value Appraisal Sellers 69

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?

Market Value 298

Market Value Contracts Appraisal Buyers 298

Housing Wire

JULY 16, 2021

The declaration comes 48 hours after Compass and Guaranteed Rate told of a definitive agreement to begin their own mortgage joint venture, OriginPoint. billion market capitalization, less than half of its previous market value. But eXp’s stock has dipped from a high of $80 per share in February to $33 as of Friday.

Mortgage 382

Mortgage Lending Brokerage Agents 382

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. USPAP Standards Rule 1-2 (c) requires the appraiser to identify the type and definition of value.

Appraisal 99

Appraisal Marketing Market Value Development 99

Appraisal Today

JULY 1, 2023

Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). These definitions, prima fasciae, are at odds with each other.

Appraisal 85

Appraisal Contracts Market Value Mortgage 85

Housing Wire

NOVEMBER 19, 2020

Now, heirs will pay market value in taxes. What does the passage of Prop 19 mean for the general housing market in one of the nation’s more expensive states to live in? Although the state itself will experience a windfall, blue collar workers looking to remain in state may find it increasingly unaffordable.

Property Taxes 468

Property Taxes Realtors Inventory Law 468

Appraisal Today

NOVEMBER 25, 2022

I will be writing about this in an upcoming issue of the monthly Appraisal Today, with lots of marketing and expert witness tips. Creative Appraisal Definitions Humor e. Is the Definition of Market Value Outdated? Excerpts: Why has the current definition of market value been around without change for so long?

Appraisal 52

Appraisal Market Value Contracts Finance 52

Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. Therefore, some may consider scanning a home to generate a floor plan and obtain measurements to be an inspection.

Inspection 369

Inspection Appraisal Technology Clients 369

Appraisal Buzz

SEPTEMBER 12, 2022

However, there’s a definite market need for iBuyers since people need to sell because they face financial distress or immediate moves. There are homeowners in need of the convenience of a quick sale at current market value, and they’re not necessarily focused on obtaining the largest margin for profit.

Supply Chain 195

Supply Chain Sellers Housing Market Appraisal 195

AmeriMac

DECEMBER 30, 2023

We will start with the definition and purpose of these appraisals, followed by how they work, the factors considered in them, and preparing for an appraisal. We will also discuss what happens if an REO appraisal is low and how it impacts property value. This post will cover everything you need to know about REO appraisals.

Real Estate 36

Real Estate Appraisal Inspection Appraisal Process 36

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

Appraisal 103

Appraisal Contracts Market Value Clients 103

McKissock

APRIL 30, 2021

Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value. Remember, in general, market value is defined as the most probable price a property should bring in a competitive and open market. Non-arm’s length sale. Arm’s length sale.

Market Value 88

Market Value Real Estate Appraisal Sellers 88

Appraisal Buzz

MAY 31, 2022

While this definition is offered in the context of the practice of Real Estate Appraisal, the question that comes to mind is: can an appraisal review be performed by a person or process that is not a part of an appraisal practice?

Real Estate 221

Real Estate Lending Valuation Appraisal 221

Realtor

SEPTEMBER 19, 2023

This usually takes at least a few days — and definitely more than a few hours. Don’t put too much stock in home improvements We’re sure your brand-new kitchen is stunning but don’t be surprised if it doesn’t proportionally raise your home’s market value when it comes to the home appraisals.

Appraisal 194

Appraisal Sellers Real Estate Agent Appraisal Process 194

D Fritz Appraisals

FEBRUARY 22, 2023

This article will discuss the definition of home equity and taking equity out of your home to buy another house in Canada. It represents the difference between what they owe on their home and its current market value. Home equity is like having money in the bank, but it’s tied up in your real estate. What Is Home Equity?

Real Estate 125

Real Estate Investing Appraisal Market Value 125

McKissock

OCTOBER 3, 2021

This means that you will be able to find houses being sold below market value, which will make marketing the property easier and your profit larger. So, while wholesaling is absolutely feasible without a license, getting a real estate license for investing will definitely make you more competitive in this strategy.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Housing Wire

MAY 26, 2023

The property is then listed, typically below market value to generate interest in the listing. That definitely tipped us off because very few people really live like that.” Then, posing as the property owner, the scammer contacts a real estate agent to list the property.

Sellers 360

Sellers Real Estate Realtors Real Estate Agent 360

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

What does the appraiser do with the three different values that may be developed? The appraiser must now reconcile these three values into one final opinion of value. One definition of the word reconcile in Dictionary.com is “to bring into agreement or harmony; make compatible or consistent.”

Development 337

Development Appraisal Market Value Valuation 337

Dart Appraisal

APRIL 22, 2021

Dart Appraisal’s team of reviewers often encounters what appears to be a common misunderstanding about which portion of an estate should be valued when a client or intended user request an appraisal report: The Fee Simple Estate or the Leased Fee Estate.

Tenants 67

Tenants Market Value Clients Landlords 67

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g.

Appraisal 309

Appraisal Law Development Valuation 309

Realtor

MARCH 7, 2023

This is definitely the case if you’re considering a USDA loan from the Department of Agriculture. The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit.

Inspection 111

Inspection Appraisal Market Value Finance 111

Portland Appraisal Blog

APRIL 14, 2019

Most loans will fall under federal guidelines and use a definition for market value found on the form report workhorse of the appraisal world—the Fannie Mae 1004 Form. However, many agents (and sadly, more than a few appraisers) have not taken the time to read the definitions and certifications contained in the form.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

DW Slater Company

NOVEMBER 30, 2022

Bringing up the housing market during Thanksgiving dinner – Sacramento Appraisal Blog. Market Value Definition Outdated? Overcoming Challenges Appraising Mixed Use Property- realquantum. Newz: Crazy Appraiser Stories.?Market – Appraisal Today.

Real Estate 95

Real Estate Housing Market Appraisal Marketing 95

MN Real Estate Services

APRIL 20, 2017

Appraisers use three approaches to value in Appraisal Practice when determining the Market Value of a property: The Sales Comparison Approach. The Sales Comparison Approach is the primary approach used with typical residential situations, but extends beyond that market. The Cost Approach. The Income Approach.

Real Estate 78

Real Estate Appraisal Valuation Market Value 78

Appraisal Buzz

SEPTEMBER 20, 2021

This article will pick up where the last one left off, so you will definitely want to read Part 1 of this series before continuing. Since market value is defined as the most probable price (with stipulations, of course), if your distribution is ‘normal’, then each of those measures will point to the same conclusion.

Sellers 195

Sellers Appraisal Inventory Buyers 195

DW Slater Company

JUNE 6, 2022

It was definitely an unbelievable story at the time I saw it. percent less than market value, and sat on the market for approximately 47 percent longer than average houses. I didn’t know about the sensational trial that ended in her acquittal.

Real Estate 166

Real Estate Appraisal Market Value Marketing 166

The Robert Weiler Company

APRIL 20, 2021

The process, however, is much less straightforward than the definition. So, how are businesses valued? They are: (1) the asset-based approach; (2) the earning value approach; and (3) the market value approach. The market value approach. The asset-based approach. Scratching your head?

Valuation 147

Valuation Business Buyers Market Value 147

McKissock

JANUARY 14, 2022

The standard appraisal report’s definition of market value refers to “typical buyers,” most of whom would become acutely aware of such odors right at the door, and when it’s significant will either walk away or discount their offering price.

Appraisal 77

Appraisal Tenants Inspection Market Value 77

McKissock

MAY 10, 2023

Now I am sure that this gentleman is thinking how difficult it is to get hired—but had I received a professional resume with some attention to detail, I would definitely have given him a follow-up interview. “No It’s not to value a home; it’s not to ensure that the bank isn’t making a bad decision. He even misspelled his own last name.

Real Estate 86

Real Estate Appraisal Training Business 86

Housing Wire

NOVEMBER 7, 2023

It (the tax) is definitely a question that people want to know, that is, how much are the property taxes if I live in eastern Austin versus living here in Williamson County,” Toliver said. “If The assessed value is often significantly lower than the appraised market value. But counties do assessments in different ways.

Property Taxes 540

Property Taxes Home Value Government Buyers 540

Padove Appraisal Service

MARCH 17, 2019

Regardless of overall trends, this chart shows a definite drop in median sale prices during the winter months and a peak during the summer. The peaks and valleys don’t necessarily reflect wide swings in property value. I reside in Montgomery County and complete many house appraisals in this county.

Real Estate 78

Real Estate Sellers Buyers Appraisal 78