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Revive launches AI-powered listing tool for real estate agents

Housing Wire

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation.

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StreetEasy launches New York City home valuation tool

Housing Wire

Homeowners can now get a StreetEasy estimate of their homes’ current market value based on features that are unique to New York City, the company said. Homeowners start by claiming their home, then requesting an AI-powered estimate of their home’s current market value, an estimated price per square foot and monthly rent.

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Seattle’s already-hot real estate market is exploding

Housing Wire

Presented by: Citi. The number of days on the market before an offer is accepted is usually six days, and everyone knows it’s going to sell above market value.” Christensen, president of design-build firm Estate Homes. Here’s what to expect in the mortgage application process.

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Savvy real estate agents look beyond ChatGPT

Housing Wire

AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. Combining the strengths of AI with the expertise and insights of real estate professionals could provide the best results in accurately assessing the market value of homes.”

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Lines of Defense in Real Estate Collateral Risk Management

Appraisal Buzz

If you look at the current regulatory guidance and stakeholder policies, it is clear that an appraisal can be reviewed by an individual not holding an appraisal credential when it is an internal process and the result of the process does not create an opinion of Market Value for the purposes of extending credit.

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What is Eminent Domain in Real Estate?

CA Realty Training

In exchange for this, the homeowner gets compensated with the property’s fair market value. Once they have identified a specific property, an agent will evaluate it to determine its fair market value. After the fair market value is determined, the offer gets presented to the owner.

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Maximizing Your Home Equity: Investing in Additional Properties

Eppraisal

As property values rise, so does the equity in your home, presenting opportunities for investment. Home equity refers to the difference between the market value of your property and the outstanding balance on your mortgage. As you pay down your mortgage or as the value of your home appreciates, your equity grows.