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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We All of the communications occur through digital or email interfaces.

Sellers 375
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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

Owning raw land has real potential along with its share of pitfalls. 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.

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

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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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

And although it shouldn’t, it may unintentionally influence the appraiser’s comparable selection and eventually impact a direction in value. Maybe looking at the sales contract only after developing the appraiser’s opinion of value would help avoid the above concern? When contract prices and value often differ.

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5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

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.,

Agents 78
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Why Do Square Footage Disputes Arise?

Empire Appraisal Group

Be ready to explain to home buyers and sellers why there may be conflicting reports on a home’s livable space. Many characteristics affect the appeal, marketability, and value of a property. The cost approach considers the value of the site and the estimated cost to replace the subject dwelling, less depreciation.

Sellers 78
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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

Technical specifications – for all stakeholders, but especially for organizations that will develop the new appraisal report (e.g., lenders and appraisers) to begin understanding the future state and start their development process. URAR examples for various property types. Home sellers gave concessions to buyers in 45.5%