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Seattleā€™s already-hot real estate market is exploding

Housing Wire

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.” For reference, a recent study from the National Association of Home Builders found that lumber prices are adding an average of nearly $36,000 to the cost of a new build.

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Savvy real estate agents look beyond ChatGPT

Housing Wire

Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. These are large language models (LLMs). What is next?

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Maximizing Your Home Equity: Investing in Additional Properties

Eppraisal

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. These loans are specifically designed for purchasing rental properties or other real estate investments.

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What is Eminent Domain in Real Estate?

CA Realty Training

In exchange for this, the homeowner gets compensated with the propertyā€™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. But what does it mean?

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Lenders Not Using AMCs for Appraisals

Appraisal Today

Reference Guides for the Restricted Appraisal Update Report and Completion Report to provide guidance on entering information and how it will be displayed. Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. This link has sample appraisals.

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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

Business components in special purpose properties are often referred to as ā€œintangibles.ā€ For more information on intangibles, please refer to this whitepaper: Understanding Intangible Assets and Real Estate: A Guide for Real Property Valuation Professionals by the IAAO Special Committee on Intangibles. Intangibles.

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How the Development Spread Works

Property Metrics

It is also common to see the going-in cap rate referred to as the yield on cost, development yield, return on cost, cost cap rate, or the ā€œbuild-toā€ rate. The going-out cap rate is the projected stabilized net operating income for the property, divided by the market value upon completion. Development Spread and Profit Margin.