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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “That we research value, we do not assign it.” ” “The definition of market value.”

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Once Upon a Time… A Housing Fairy Tale

Appraisal Buzz

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.

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What to do when your buyer wants to make a lowball property offer

Housing Wire

By definition, a lowball offer is an offer that is significantly below market value. This is where the problem can start — in practice, agents and their clients consider a an offer to be a lowball if it’s significantly below the asking price. Asking price and market value are not always the same thing.

Buyers 450
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Home Appraisals 101: 5 Things Appraisers Wish Sellers Knew

Realtor

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
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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

Then, posing as the property owner, the scammer contacts a real estate agent to list the property. 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.”

Sellers 384
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Real Estate Owned Appraisals: The Ultimate Guide

AmeriMac

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. Accurate appraisals are vital for facilitating smooth real estate transactions.

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4 Investment Property Strategies Any Beginner Can Master

McKissock

The only costs you have to cover are those for finding a property for sale and for marketing the property to interested buyers. FREE Guide : Learn how to earn more with our free Real Estate Agent Income Guide. Another excellent way to start a real estate investing career is through fix-and-flip.