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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The Robert Weiler Company

SEPTEMBER 18, 2022

Any loan for a property is based on the appraisal value. As a land buyer, owner, or seller, understanding the true market value of the real estate in question is important. Land appraisal is a process of assessing the land value and then developing an opinion of value. We dive into these areas, below.

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AmeriMac

DECEMBER 30, 2023

Definition and Purpose of REO Appraisals REO appraisals play a crucial role in establishing the market value of homes, especially during the foreclosure process. Mortgage lenders rely on these appraisals to determine the value of fundamental estate-owned properties, directly impacting loan amounts for refinancing.

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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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D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Mortgage financing and refinancing.

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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

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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The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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Birmingham Appraisal

FEBRUARY 20, 2024

The lender, whether it be a bank, mortgage company, credit union, or other financial institution will provide the buyer with the funds through a mortgage to pay for the house. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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Genworth MI Blog

JULY 13, 2023

Appraisal overview The appraisal is a report with an independent opinion of value of how much a property is worth. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report.

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Padove Appraisal Service

OCTOBER 21, 2017

A common source of Total Building Area , particularly for residences in tract home developments, is building plans provided to the tax assessor by the developer. The real estate appraiser’s role is to estimate a home’s market value. Each profession uses more narrowly defined terms when describing “square footage.”

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Simonson Real Estate

JUNE 10, 2020

This means their work is done and they can rest easy while feeling confident that the appraisal report supports the market value conclusion. For the buyer/borrower, major market events can mean greater uncertainty, potential timing delays, or having to increase the down payment if the value is different than originally expected.

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Birmingham Appraisal

FEBRUARY 8, 2023

For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes. In the quest to provide faster and cheaper alternatives to banks and mortgage companies, Fannie Mae has developed alternative appraisal products for their customers.

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Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Other users might be sellers, mortgage underwriting, banks, and contractors.

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Clear Capital

MARCH 17, 2022

And for those in the mortgage industry, time is constrained and comes at a cost. Additionally, when an FHA appraisal is used, the Department of Housing and Urban Development (HUD) requires the home appraiser to guarantee that the subject property meets the minimum standards for health and safety. Appraisal Photo Review Solutions.

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Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . Will the appraised value be sufficient for the loan?”. Mortgage lenders often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . Will the appraised value be sufficient for the loan?”. Mortgage lenders often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

Raleigh Realty

FEBRUARY 19, 2022

A home appraisal determines the fair market value of a home. Of course, if you're in a hot market and believe the home is worth what you're offering, you could save yourself time and energy by skipping the appraisal process. Just because the home hasn't been lived in, doesn't mean the valuation couldn't be off.

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Will Springer Realtor

OCTOBER 19, 2021

Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). The home is under contact, seller and buyer have agreed to terms.

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PennyMac

OCTOBER 10, 2023

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. The lender is responsible for ensuring that your home provides adequate collateral for the mortgage.

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Appraisal Real Estate Agent Renovations Home Value 69

Empire Appraisal Group

JULY 1, 2021

It’s also the appraiser’s job to develop an opinion on a home’s fair market value, and just because the buyer and seller have agreed on a price doesn’t mean that’s the true value of the property, said Francois Gregoire, broker, appraiser, instructor, and president of Gregoire & Gregoire Inc.,

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Property Metrics

AUGUST 13, 2020

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. These factors also cause property valuation to increase. These factors all result in lower property valuations. As interest rates increase, so do the monthly mortgage payments. Interest Rate Risk.

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Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. Once we know these things, we can determine how much value a home has lost. 80% of Home Price Appreciation Since 1990 Was Due To Falling Mortgage Interest Rates?

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Cleveland Appraisal Blog

SEPTEMBER 30, 2022

When flipping thru one of these books, the viewer’s mind fills in the gaps between pictures so that an animated story and picture develops. However, enough information should be shared to help the reader begin to develop an idea of how the property being appraised fits into the overall market. NEIGHBORHOOD. IMPROVEMENTS.

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Realvals

JUNE 18, 2023

One, as way to know the value before making an offer, and two, for the mortgage process after making an offer. In the first scenario, an appraisal gives you an objective perspective on the property’s value to ensure that you don’t overpay for your new home.

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Appraisal Property Taxes Real Estate Market Value 145

Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Not all non-lender appraisals require a long time marketing to real estate agents.

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AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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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. Examples: Owner-occupied properties don’t have a lease in place and so the property is appraised based on market rents.

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Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. North Carolina’s Most Expensive Listing – $50M Excerpts: 7 bedroom 7.5+

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Simonson Real Estate

DECEMBER 6, 2022

Under fee simple ownership, a property owner may occupy the property and also has the right to sell, lease, mortgage or give an interest away. Examples: Owner occupied properties don’t have a lease in place and so the property is appraised based on market rents. Clarify What Value or Values are Needed.

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DataMaster

JUNE 15, 2023

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. The number of short-term rentals has increased exponentially over the last several years, and in some markets, investors are generating significant revenue; even on just one property. If only it was that simple.

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Cleveland Appraisal Blog

MARCH 18, 2021

My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal. My research and analysis showed that the buyer was about to spend a much higher price than the true market value of this home. What if the sale went through because I stretched the value to match the purchase price?

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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. That’s why special purpose property appraisals and commercial mortgage preapprovals are vital to your ultimate (buy) decision.

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DataMaster

JUNE 15, 2023

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. The number of short-term rentals has increased exponentially over the last several years, and in some markets, investors are generating significant revenue; even on just one property. If only it was that simple.

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Appraisal Tenants Investors Business 78

Appraisal Today

APRIL 2, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Update: UAD and New “Forms”, concessions, non-lender appraisals, unusual homes, mortgage origination stats, etc. Technical specifications – for all stakeholders, but especially for organizations that will develop the new appraisal report (e.g.,

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Contracts Appraisal HOA Architecture 52

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” ” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. Sellers always prefer a cash offer over a mortgage-backed offer.

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