Appraiserblogs

JULY 6, 2022

Attorneys representing property owners and appraisers responsible for documenting the value of the property being taken often work together in an eminent domain case. The stakes can be high when a client’s valuation conclusion rests on a weak or improper appraisal.

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Valuation Legal Appraisal Development 125

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. So what do you do when you’re asked to hit a certain value? Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

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Appraisal Contracts Market Value Clients 103

Cleveland Appraisal Blog

FEBRUARY 11, 2022

When reading through that report, I noted that the appraiser got the address and legal description right. The appraiser’s market analysis was not supportable, nor were the sales that they choose to use to compare to the property being appraised. The truth is, that appraiser developed their report in a biased way for this divorce.

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Appraisal Market Value Clients Design 221

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. And although it shouldn’t, it may unintentionally influence the appraiser’s comparable selection and eventually impact a direction in value.

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Contracts Appraisal Market Value Real Estate 64

Dart Appraisal

APRIL 9, 2021

Dart Appraisal often receives appraisal orders for properties located within transitioning markets, where commercial development is sprawling into residential areas. ” If a vacant site is being valued, the appraisal must address the question of the HBU as vacant. Maximum productivity.

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Valuation Legal Clients Appraisal 68

McKissock

OCTOBER 23, 2020

McKissock’s Unlimited Learning Membership is your one-stop, money-saving solution for all CE plus professional development. This could be for estate or probate cases, and often involves determining a retrospective market value if a taxpayer neglected to obtain an appraisal when property was inherited. Learn more.

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Appraisal Insurance Legal Development 77

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. If a homeowner hires the appraiser to appraise a home, the appraiser’s legal duty is to the homeowner, since they are the ones who hired the appraiser. . MULTIPLE BIDS.

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Market Value Appraisal Buyers Marketing 418

D Fritz Appraisals

OCTOBER 11, 2022

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Current real estate market conditions. Future potential for development of the home.

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Appraisal Inspection Property Taxes Easement 106

Will Springer Realtor

AUGUST 1, 2023

The owner will list his/her home with a skilled real estate broker for the current market value and the lender will take less for the home than the amount of the borrower’s loan. Housing and Urban Development (HUD) team of counselors. How does a short sale work? Find a HUD counselor today.

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Sellers Buyers Real Estate Legal 36

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The data is then analyzed and used to develop opinions of value. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller.

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Real Estate Appraisal Property Appraisal Valuation 60

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? There is a difference.

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Real Estate Agent Real Estate Clients Agents 87

The Robert Weiler Company

SEPTEMBER 16, 2022

Conservation easements are voluntary land use agreements where the landowner agrees to protect a portion of the land they own from future development, often in perpetuity. By permanently limiting the uses of the land, a conservation easement will protect its conservation values. What is a Conservation Easement in Ohio?

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Easement Appraisal Development Property Appraisal 148

Empire Appraisal Group

JULY 1, 2021

Look up the legal description of the property and include a copy of the most recent tax bill, which can show whether the home is in a special tax district, said Maureen Sweeney, a residential real estate appraiser and member of the Illinois Real Estate Appraisal Administration and Disciplinary Board. Let them know how many offers came in.

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Agents Appraisal Real Estate Realtors 78

Birmingham Appraisal

AUGUST 2, 2023

Whether you are a homeowner seeking the market value of your home for personal reasons or an agent who requires a pre-listing appraisal, a proficient appraiser should be able to communicate their findings clearly and address any questions or concerns you may have.

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Appraisal Agents Valuation Real Estate 71

Appraisal Today

JANUARY 5, 2024

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. You’ll learn key ways to work on eliminating bias and reduce your legal risk. Legal topics are very popular with appraisers.

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Appraisal Contracts Legal Business 74

AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The crisis exposed significant flaws in the appraisal process, leading to the development of regulatory measures to ensure more accurate and unbiased appraisals.

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Appraisal Appraisal Process Valuation Real Estate 36

Miller Samuel

MARCH 19, 2019

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.

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Real Estate Law Development Investors 370

Boston Appraisal

SEPTEMBER 22, 2020

The use of a property must be… Legally Permissible. The goal of the real estate appraiser is to identify the use of the property that will be the absolutely most profitable use within legal, physical and financial boundaries. This can justify a purchase price or be used as a basis to seek third-party funding for development.

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Legal Real Estate Retail Development 148

Realvals

JUNE 18, 2023

” ( source ) The only way to obtain legal ownership of the property is to go through the probate process. An appraisal will provide you with the current market value of your real estate. An appraisal report provides you with the insights you need to better understand your property and the current market conditions.

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Appraisal Property Taxes Real Estate Market Value 145

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.

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Appraisal Process Appraisal Market Value Tenants 148

Boston Appraisal

SEPTEMBER 22, 2020

The use of a property must be… Legally Permissible Physically Possible Financially Feasible Most Productive The goal of the real estate appraiser is to identify the use of the property that will be the absolutely most profitable use within legal, physical and financial boundaries.

Legal 78

Legal Real Estate Retail Development 78

Simonson Real Estate

DECEMBER 6, 2022

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Clarify What Value or Values are Needed. Market Value As Is – The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

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Appraisal Process Real Estate Appraisal Renovations 78

Zillow

JULY 15, 2019

Homeowners association (HOA) : The governing body of a housing development, condo or townhome complex that sets rules and regulations and charges dues and special assessments used to maintain common areas and cover unexpected expenses respectively. Loan-to-value ratio (LTV) : The amount of the loan divided by the price of the house.

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Real Estate Agent Insurance Inspection Buyers 56

PennyMac

JULY 20, 2021

Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. If you’re selling a property, you’ll also want to make sure your agent is in-the-know on the latest and most effective marketing tactics in the industry.

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Real Estate Agent Real Estate Agents Sellers 69

PennyMac

JUNE 28, 2022

State laws will usually dictate who is legally responsible for overseeing the closing. If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). The owner’s title insurance is optional but highly recommended by most legal experts. Courier Fee.

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Insurance Property Taxes Sellers Inspection 36

The Robert Weiler Company

MARCH 15, 2021

And, it is a major development that the Columbus region should celebrate. But for commercial real estate developers, brokerage firms, and appraisers, there’s another story hiding in plain sight. This scenario is what many real estate developers face. How do you determine the value of Our Lady of Mount Carmel Church?

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Appraisal Property Appraisal Real Estate Buyers 158

The Robert Weiler Company

JULY 6, 2021

Research : Also coined in the industry as “flex,” flex space is utilized for research and development to design new products. Classification is a way to differentiate specific market features for investors. Private equity is the closest an investor can get to single-handedly funding an industrial space for sale or development.

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Logistics Tenants Real Estate Modernization 147

Town & Country Residential Appraisals

DECEMBER 2, 2019

What is the Highest and Best Use - There are 4 tests that a property should pass in order to determine the market value of that property. Legally Permissible - If I build a home on the riverfront, only to find out that the law prohibits building in that area due to flooding, then I will have wasted a great deal of time and money.

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Market Value Law Valuation Legal 36

AmeriMac

JANUARY 3, 2022

They use information about these comparable homes to develop a fair value given the current conditions of the market. Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

They use information about these comparable homes to develop a fair value given the current conditions of the market. Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value.

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Appraisal Buyers Sellers Contracts 36

Appraisal Today

APRIL 1, 2023

Instead this reviewer proceeded to tell me that it was one of the most detailed and well-developed reports he had seen in all his years reviewing relocation work. Get the relevant date of value from the client or the client’s attorney. Boy I wish I had that one in writing! The appraisal should not be used for any other purpose.”

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Clients Appraisal Contracts Business 52

Valuation Nation

AUGUST 2, 2021

Introduction: The purpose of the appraisal review is to develop an opinion of quality for the referenced appraisal report (blog). The appraisal review was developed, and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice. Issues with the Development Process.

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Appraisal Design Development Legal 40

Appraisal Today

SEPTEMBER 9, 2022

What Is a Reconciled Value? Excerpts: What does the appraiser do with the three different values that may be developed? The appraiser must now reconcile these three values into one final opinion of value. Get the relevant date of value from the client or client’s attorney. By Jamie Owen. Excerpts: 2.

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Reconsideration of Value Appraisal Clients Contracts 52