2016

Real Estate Appraisal Terms

Realvals

Every job field has their set of terms that most of the time, no normal person has any idea what they mean.

Price per? square foot is not the holy grail of property value

CM Appraisals

By Tom Horn ​ ​Price per square foot is media darling of value While scanning the news headlines this week I ran across an article titled “What Is the Average Price per Square Foot for a Home — and Why Does It Matter?”

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Housing Values up on demand, but can lower financing costs help?

MN Real Estate Services

New warning lights for rising home prices. Home prices are crossing the line again. After an epic housing crash, where values plummeted nationally by almost 35 percent, the nation is seeing new highs again.

Markets, Neighborhoods and Subdivisions Part I

CP Home Appraisals

The more we review appraisals, the more apparent it becomes that many appraisers in Houston are confusing the terms Market and Neighborhood. This creates misleading results in appraisal reports and can lead to an incorrect conclusion of value. For starters, let’s give some basic definitions for each of these real estate terms: A Real Estate Market is an area, usually geographically constrained, where buyers and sellers come together to make transactions.

A Modern Home on Lake Minnetonka

Anthem Valuation

Families are looking for more functionality in their homes along with durability. link] age materials in residential housing construction emphasis durability and modern design. The post A Modern Home on Lake Minnetonka appeared first on Anthem Valuation Blog

Steps to Sell a House: How Long Does Each One Take?

Realtor

Adam Gault/Getty Images; realtor.com Even in the hottest markets, selling a house is by no means a transaction that happens overnight. Every step—from listing your house to getting an offer to closing—takes time. But how much time?

Commercial Marijuana Operation

Mores Appraisal Group

We recently appraised a Commercial Marijuana Operation in the Central Valley area for the purpose of private money lending. This newly emerging enterprise within the State of California is only allowed by certain cities.

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Lifestyle Properties of Maine

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Real Estate Appraisal Forms

Realvals

For homeowners or clients who have limited knowledge of appraisals, here is a list of the different types of appraisal forms that us appraisers typically use.

What to Expect From a Home Appraisal

Realvals

Before setting up an appraisal for direct clients, we are almost always asked how the appraisal process goes and what one should expect from a home appraisal. The answer is almost always the same, which is why I decided to write this guide.

Why a property’s previous sale can really matter for an appraisal

CM Appraisals

Ryan Lundquist 10 Comments Paying close attention to a property’s previous sale can be a big deal. I know it’s tempting to say value is all about the current market, but sometimes looking at the past can help us understand the present.

How long does it take to complete an appraisal?

CM Appraisals

By Tom Horn Time to complete an appraisal can varyThe most common question I get after leaving a home on an appraisal assignment is about how long it will take to complete an appraisal and get the report back.

How appraisers reconcile value

CM Appraisals

​Curious about how appraisers reconcile value? April 5, 2016 By Tom Horn After completing a pre listing appraisal assignment recently the homeowner asked me a question. He was interested in how I came up with the value I did given the range that the sales provided.

?Paying attention to the mood of the market

CM Appraisals

February 16, 2016 By Ryan Lundquist The other day a home owner was upset because he thought his appraisal came in too low.

How much value do higher ceilings add to a home?

CM Appraisals

​January 25, 2016 By Ryan Lundquist ​ Would you pay more for a house with higher ceilings? I probably would, but I guess it depends. The ceilings in my home are a standard 8 ft. Would I have paid more if they were 9 ft? Probably. But what about 23 ft? No, that would be too high.

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How Edina and St Louis Park Are Changing in Different Ways

Anthem Valuation

The two suburbs of Edina and St Louis Park while bordering each other have very different landscapes in terms of the likelihood of a home being torn down and rebuilt. Edina’s premier school district is likely the biggest driving factor in the decision for young families to build in Edina. link]. The post How Edina and St Louis Park Are Changing in Different Ways appeared first on Anthem Valuation Blog

New Development Coming to NW Metro

Anthem Valuation

Planned amusement theme park and water park to open in 2017. The job growth this project will create will likely drive demand for housing in the NW metro for years to come. Historically, employment and access to employment are primary drivers in locational appeal of residential real estate. link]. The post New Development Coming to NW Metro appeared first on Anthem Valuation Blog

Affordable Housing Expansion in Maple Grove

Anthem Valuation

The housing demand for multi-family development has continued to increase in the western Twin Cities metro suburb of Maple Grove. These 371 apartments under development trails only the city of Minneapolis (611 units under development) and Blaine. 430 units under development). link]. The post Affordable Housing Expansion in Maple Grove appeared first on Anthem Valuation Blog

What’s Happening in Upper End Home Sales in the Twin Cities?

Anthem Valuation

The number of million dollar plus home sales within the Twin Cities metro area in the past year 491 and counting has passed the number 453 that sold in 2005 at the peak of the last real estate cycle. Additionally, the supply of homes in that price range has decreased from a 38 month supply in 2009 versus a 13 month supply today. link]. The post What’s Happening in Upper End Home Sales in the Twin Cities? appeared first on Anthem Valuation Blog

Steps to Sell a House: How Long Does Each One Take?

Realtor

Adam Gault/Getty Images; realtor.com Even in the hottest markets, selling a house is by no means a transaction that happens overnight. Every step—from listing your house to getting an offer to closing—takes time. But how much time?

How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond

Realtor

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. But even if you reach an agreement, the negotiations may not be over.

How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond

Realtor

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. But even if you reach an agreement, the negotiations may not be over.

VA Buyers: Does Your Home Meet the Right Property Requirements?

Realtor

Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary.

Will a Sparkling-Clean Home Appraise for More Money?

Realtor

Astronaut Images/iStock Selling your home is a long journey, but it doesn’t end with accepting an offer.

Will a Sparkling-Clean Home Appraise for More Money?

Realtor

Astronaut Images/iStock Selling your home is a long journey, but it doesn’t end with accepting an offer.

Why Your Home Appraisal Might Come in Low

Realtor

A home appraisal coming in low can sound like a death knell for a home purchase. Unfortunately, it happens: A low appraisal can complicate an already bumpy home-buying process. Suddenly, you find yourself in a conundrum: Your bank will fund a loan only up to the appraised value.

VA Buyers: Does Your Home Meet the Right Property Requirements?

Realtor

Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. Appraisers evaluate how the home measures up to the VA’s Minimum Property Requirements.

How Do Sales Concessions Affect Market Value?

Texas Home Appraisal Blog

Concessions listed on comparable sales are an important factor that an appraiser needs to weigh when performing an appraisal.

Does Price Per Square Foot Give An Accurate Home Value?

Texas Home Appraisal Blog

In the world of real estate, it is very common for homes to be valued by their square footage. Understanding the way a price is set per square foot and how it works is seeing and understanding the market value of properties.

Subrogation Appraisal

Mores Appraisal Group

What is a Subrogation Appraisal? Subrogation is a term denoting a legal right that is reserved by most insurance carriers. Subrogation is the right for an insurer to pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid to the insured for the loss. Many times an insurance company will request a subrogation appraisal when there is a complete loss. The post Subrogation Appraisal appeared first on.