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Savvy real estate agents look beyond ChatGPT

Housing Wire

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. After the agent explains how a chatbot works and the benefits it offers, the agent can let the sellers experience it themselves.

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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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Decoding a Commercial Appraisal: Insider Insights

AmeriMac

A commercial appraisal serves as a basis for negotiations between buyers and sellers, as it provides an objective assessment of a property’s worth. For buyers, it helps in determining a fair price to offer, while sellers can use it to showcase the value of their property.

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Mortgage Term Glossary

Assurance Financial

After the introductory period ends, the rate adjusts based on the market rate on a set schedule. The first number refers to the length of the introductory period, while the second is how often the rate can adjust. Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer.

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Breaking Up with Difficult Real Estate Clients

McKissock

“It’s so important for sellers to understand that there are only three things in real estate you can control, and those things are marketing, property condition and price,” said Travis Gray, Associate Broker of Coldwell Banker Residential Brokerage in Annapolis, Maryland. Advice for breaking up with difficult real estate clients.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. Question 3: What is a commercial appraisal used for?

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Why Do Home Appraisals Cost so Much?

AmeriMac

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. A home appraisal refers to a certified appraiser’s analysis of a home’s worth. Typically banks only issue a loan up to the fair market value of a house. Property size.