Remove Design Remove Market Value Remove Sellers Remove Valuation
article thumbnail

StreetEasy launches New York City home valuation tool

Housing Wire

StreetEasy , a real estate platform for buying, selling, and renting homes across New York City and New Jersey, has launched StreetEasy Valuation, an AI-powered home valuation tool. In March, realtor.com launched its own automated valuation model, called MyHome, which appears on for-sale and off-market listings on the site.

Valuation 346
article thumbnail

A loan officer’s ultimate guide to appraisal modernization

Housing Wire

The solutions, ACE+ PDR (automated collateral evaluation plus property data report) by Freddie Mac and Value Acceptance + Property Data by Fannie Mae, were designed to increase efficiencies for all stakeholders and lower costs in comparison to traditional appraisals, while maintaining the high risk mitigation standards employed by the GSEs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The cure for appraisal gap anxiety

Housing Wire

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Well, a cure for appraisal gap anxiety has appeared on the scene.

Appraisal 384
article thumbnail

Checklist to Sell a House in BC

D Fritz Appraisals

Preparing Your Home for Sale Preparing your home for sale in British Columbia involves steps designed to enhance its appeal to potential buyers and ensure it is presented in the best possible light. Professional staging services can be employed for those seeking expert guidance, although many sellers undertake this process.

article thumbnail

Savvy real estate agents look beyond ChatGPT

Housing Wire

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” McKinsey reports that the real estate industry will see a productivity gain of $110 billion to $180 billion, primarily in marketing and sales. Which real estate functions can AI outperform humans I asked GPT-4 about real estate valuation.

article thumbnail

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.

article thumbnail

26 Reasons to Get an Appraisal

Realvals

An appraisal can assist you in determining the value of real estate, personal items, and business interests. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries. An appraisal will provide you with the current market value of your real estate.

Appraisal 145