Eppraisal

FEBRUARY 7, 2023

Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. By contrast, a homebuilder acquires raw land to build on and sell when home values are high.

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Development Sellers Legal Home Value 69

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes six to 12 months. . Paul; and Riverside, Calif.

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Retail Sellers Buyers Market Value 491

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 350

Housing Wire

JUNE 19, 2023

At Pinellas County Schools , a team of developers has been selected to convert the former junior high school into a development of roughly 225 apartments in total. The building at the heart of the Pinellas County development deal served as a vocational high school in the 1930s, and later served as an adult education center.

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Development Market Value Contracts Construction 370

George Dell

MARCH 16, 2022

Per FreddieMac (Scott Reuter, Chief Appraiser)[1] recently stated: “Appraisers need to spend time on developing a market conditions analysis in the appraisal. Per the Fannie Mae Selling Guide: “The date of sale and the time adjustment (market conditions) are critical elements in determining an accurate value because the […].

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Marketing Development Appraisal Market Value 195

Cleveland Appraisal Blog

MAY 26, 2023

They will analyze market conditions and they will look for comparable sales that have sold in the area of the subject property in recent months. If they end up too high, the home will likely sit on the market until the price is reduced. Now, imagine that a real estate agent values a property for the purpose of a divorce.

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Appraisal Real Estate Agent Real Estate Agents 302

Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market.

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Marketing Mortgage Supply Chain Inventory 458

Property Metrics

DECEMBER 18, 2020

The development spread is a back of the envelope calculation widely used by real estate developers. It is a fast and easy way to size up the financial feasibility of a real estate development project, prior to completing a more in depth analysis. What is the Development Spread? Practical Development Spread Example.

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Development Real Estate Market Value Construction 69

Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. MARKET TRENDS As everyone knows, home sales prices over the past few years were increasing rapidly!

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Appraisal Market Value Legal Property Appraisal 354

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies.

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Appraisal Marketing Market Value Development 99

Housing Wire

OCTOBER 11, 2023

For example, if a property is exposed to high climate risk, its market value may decline. Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) and Federal Housing Administration (FHA), which might enforce similar requirements.

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Real Estate Insurance Investors Law 441

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. An inadequate heat source could be considered a functional issue resulting in a loss of value. Therefore, the five-car garage is considered to be super adequate for the market.

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Market Value Appraisal Marketing Buyers 244

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The Cost Approach is where a value is developed by determining the value of the land, and the replacement or reproduction cost of the improvements, or proposed improvements, on the property. Even if I do not include my development of the Cost Approach in my report, I have it in my work file. I’m glad you asked!

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Development Appraisal Market Value Valuation 337

Housing Wire

NOVEMBER 10, 2020

Several state-level real estate initiatives and urban development policies were voted on in the Nov. The “yes” vote also means that inherited homes not used as principal residences may be reassessed at market value when transferred. People 55 years or older with disabilities can also transfer their tax assessments.

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Real Estate Property Taxes Development Renovations 450

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Real Estate Appraisal Marketing Market Value 86

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. Over time, this approach will help stabilize real estate markets previously dominated by distressed sales.

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Housing Wire

JANUARY 11, 2021

LoanDepot , backed by private equity firm Parthenon Capital Partners, first announced plans to go public in September 2015 but canceled the IPO just hours before pricing, citing adverse “market conditions.” At the time, LoanDepot had sought a market value of $2.4 billion to $2.6 All of this gives us enormous runway.

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Retail Finance Investing Mortgage 504

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. However, there are other methods for estimating land value. Depreciation!

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Appraisal Development Market Value Tenants 279

Birmingham Appraisal

MAY 21, 2024

I have found that the school system is the biggest driver of property values in the Birmingham, Alabama market. These features can significantly enhance the desirability and therefore the value of a property. Keep an eye on the neighborhood’s growth trends and planned developments.

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Home Value Architecture Renovations Real Estate 70

Housing Wire

AUGUST 3, 2023

The history of AI and where it is going The Turing Test was developed by Alan Turing in 1950. A functioning neural network was viewed as the pathway to develop AI capable of learning anything a human could, and perhaps becoming more intelligent than humans. It re-emerged in the AI scene in October 2012. What is next?

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Real Estate Agent Real Estate Agents Tools 370

Appraisal Buzz

AUGUST 15, 2022

This year, our magazine is loaded with insightful articles ranging on topics such as market value to ANSI standards, and so much more! From defining market value and market price to what this could mean for the future of appraising, Dell narrates a story you’ll have to read to believe. 7th 10 am – 12 pm.

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Appraisal Valuation Market Value Business 195

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. Granted, mortgage rates were not terrible.

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Inventory Market Value Appraisal Contracts 243

Boston Appraisal

FEBRUARY 11, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. However, it may lack the historical significance that often adds value to preserved properties.

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Appraisal Renovations Architecture Appraisal Process 147

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

(MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. NO BLANK FIELDS. ACCURATE DATA.

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Agents Appraisal Renovations Development 374

Boston Appraisal

APRIL 5, 2021

However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market. When it comes to certain investment classes, this idea has been thoroughly debunked — but it largely holds true for certain areas in the real estate market.

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Real Estate Marketing Market Value Appraisal 78

Boston Appraisal

APRIL 5, 2021

However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market. Boston, MA Real Estate Market Values over the Past Ten Years. Conclusion: Boston, Massachusetts Real Estate Market Analysis. 2011: $400k.

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Real Estate Marketing Market Value Appraisal 78

Cleveland Appraisal Blog

DECEMBER 2, 2021

If this is the norm for the neighborhood, the size of the driveway may not have any impact on value. I find that often, driveway size does not have any major impact on market value, as long as the driveway is typical for the neighborhood. DOES THE MATERIAL THE DRIVEWAY IS MADE OF MAKE A DIFFERENCE IN VALUE? It depends!

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Appraisal Buyers Market Value Real Estate Agent 243

Cleveland Appraisal Blog

JUNE 18, 2022

But once these qualities are developed, many appraisers find eminent domain work to be interesting, challenging but worthwhile, and financially rewarding. Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding.

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Appraisal Law Development Valuation 309

Appraisal Buzz

MAY 31, 2022

The first includes development and use of processes to ensure regulatory and policy requirements are being upheld by the business unit originating mortgage products. When the appraisal review provides an estimate of value, including a concurrence of value, most states will require an appraisal credential. The Appraisal Review.

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Real Estate Lending Valuation Appraisal 221

Clear Capital

FEBRUARY 23, 2024

For example, a home in a shared equity program is sold at a below-market price, affordable to those making less than 80% of the Area Median Income. Anything in excess becomes “shared equity” and is passed on to future owner-occupants as the house will continue to transact below market price.

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Valuation Market Value Contracts Appraisal 36

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

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say.

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Sellers Investors Valuation Finance 306

Miller Samuel

NOVEMBER 30, 2018

As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. The seller and the buyer determined the market value by agreeing on the price." from an out of market area) and will also mortgage fraud supercharged. Ever heard of straw buyers?

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Appraisal Inspection Real Estate Agent Agents 300

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Fewer sellers need to adjust their price because, again, it’s a seller’s market.

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Bracketing Marketing Sellers Buyers 62

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

Cleveland Appraisal Blog

FEBRUARY 11, 2022

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 appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. The market value is what it is.

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Appraisal Market Value Clients Design 221

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. The last approach is the income approach to value.

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Construction Appraisal Process Appraisal Bracketing 82