2019

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My Brick Underground Podcast Interview: The Market Doesn't Care What You Think

Miller Samuel

That was the theme but my interview episode was called " the state of the market. ". The indispensable NYC web site Brick Underground has been doubling down on its podcast as of late and I was fortunate enough to be invited to speak about the state of the market. It was fun and hopefully, I conveyed some helpful insights to their listeners. You can subscribe to the Brick Underground Podcast feed here.

Marketing 369
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What Town Do You Live in?

Padove Appraisal Service

People are often asked what town they live in. In the Philadelphia suburbs, this question is more difficult than it appears. How this question is answered can have a large impact on the appraisal of your home. Pennsylvania is divided into 67 counties. The role of the county includes services such as law enforcement, judicial administration, public health, property assessment, community colleges, and public libraries.

Design 148
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What is a comparable sale?

Annarbor Appraisal

What is a comparable sale? A sales package left for the appraiser is welcome. Most appraisers appreciate the agent’s insights into the sales they used as comparable choices when they priced the home for sale. This is particularly the case if the agent had some knowledge of pet odors or peculiarities with one of the sales that looked like an obvious choice.

Buyers 148
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What Does an Appraiser Do?

Realtor

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. Is the new home you’re looking at priced too high? A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home.

Appraisal 138
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Home Inspections vs Home Appraisals

D Fritz Appraisals

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. Upon acceptance of your offer, the next steps are usually: home inspection – a voluntary third-party service ordered by the buyer, and. home appraisal – an often mandatory step the buyer’s lender insists on.

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One Way to Lower Your Property Taxes

Appraisal Partners Blog

When you own your own home, you are subject to all of the costs that come with that. One of those that can be a considerable burden is property taxes. You’ll be hard-pressed to find someone who isn’t looking for a way to drive down the cost of those pesky taxes. That is where a property tax appeal can be your best friend. In fact, it might just be one the only way you can truly bring down the costs. .

More Trending

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Is Rent Control Making a Comeback in Boston?

Boston Appraisal

Boston’s real estate market is booming. This spring, sale prices for condominiums and single-family homes in the city reached all-time highs while its median rent is among the highest in the country. Unsurprisingly, both long-time and would-be residents are being priced out of the city. As a result, some affected parties are already pushing for the reintroduction of rent control — Massachusetts outlawed this policy statewide in 1994, but the housing crisis has encouraged revisiting this practice

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. I keep hearing about the automated appraisal.

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Common Questions Agents Ask The Appraiser

CM Appraisals

By Tom Horn on Aug 15, 2019 07:49 am ​Confused About Appraisals? Check Out These 11 Common Questions Agents Ask The Appraiser ​This week I thought I would take a look at some of the questions I get asked by real estate agents. I hope that the answers that I have included here will help other agents as well. If you have a question that is not here please let me know and I would be glad to answer it for you.

Agents 78
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What is a Hybrid Appraisal?

Robinson Appraisal Group

A hybrid appraisal is a valuation completed by a Licensed/Certified appraiser that is very similar to a desktop appraisal. It is a shorter appraisal form than the traditional appraisal and is performed by an appraiser who typically never visits the property. However, a hybrid appraisal includes an exterior observation of the property, sometimes including an interior inspection by a third-party: this third party inspection could be done by a real estate agent, a property inspector or even another

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. I've since added more information and insights as the situation unfolds. This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. I'm sorry about the length of this piece but please read on.

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Spring Is Upon Us! A look At The Seasons Of Residential Real Estate

Padove Appraisal Service

The spring real estate market is quickly approaching. This can be good news for both buyers and sellers. The summer months typically bring higher sale prices to sellers. It also brings a better selection of homes to buyers. To illustrate seasonal variances, I will use statistics from Montgomery County, PA. I reside in Montgomery County and complete many house appraisals in this county.

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Why price per square foot is not the appraisers choice

Annarbor Appraisal

Often, buyers and sellers are under the impression that it is simple to price a house by its square footage. Nothing is further from the truth, unless of course, all the comparable properties considered are within a couple square feet of each other and have the same quality and condition and are in the same immediate neighborhood with no variation in the value of the site.

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Should Home Sellers Get an Appraisal Before Listing? Here’s Why It’ll Cost You

Realtor

William_Potter/iStock Even if you’re new to this whole selling-a-house thing, chances are good you’ve heard of a home appraisal. And if you know just a little about the process, you know that the appraisal—a value put on your home by an objective third-party expert—can make or break your home sale. So with so much riding on this step of the home-selling process, you might be wondering: What does it hurt to go ahead and get an appraisal before you list?

Sellers 111
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Purchasing an Income Property

D Fritz Appraisals

Appraising Your Home to Access Capital for Purchasing an Income Property. How to get the best appraised value possible out of your current home to help you purchase an income property. Own your own home and thinking about buying another? Excellent idea! Purchasing a secondary property to use as an income property or rental property is a smart investment and is often more possible than you’d think, especially if you have capital or home equity building up in your existing property.

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Why Should You Get A Pre-Listing Appraisal?

Appraisal Partners Blog

When you’re selling your home, one of the most egregious mistakes you can make is failing to accurately estimate your home’s worth. While it’s absolutely essential to make sure your home looks inviting in images on your realtor’s website or sites like Zillow, and important that prospective buyers can see it as a blank canvas for them to project their own sense of style onto… arguably nothing is more important than a listing price which is appealing yet fair.

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Far Southwest—Neighborhood Analysis of Single-Family Residential Homes (August 2019)

Portland Appraisal Blog

The Far Southwest neighborhood is just that—far southwest! It represents one of the periphery neighborhoods of the City of Portland. The neighborhood is largely dominated by the Portland Community College Sylvania Campus. The campus was opened in 1968 and has approximately 28,000 students enrolled each year. Appraisers endeavor to take the measure of a neighborhood with a variety of tables, charts, and graphs.

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Is Rent Control Making a Comeback in Boston?

Boston Appraisal

Boston’s real estate market is booming. This spring, sale prices for condominiums and single-family homes in the city reached all-time highs while its median rent is among the highest in the country. Unsurprisingly, both long-time and would-be residents are being priced out of the city. As a result, some affected parties are already pushing for the reintroduction of rent control — Massachusetts outlawed this policy statewide in 1994, but the housing crisis has encouraged revisiting this practice

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. I keep hearing about the automated appraisal.

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Chicago and South Suburban Appraisal Blog

Advanced Appraisal

Single Family home appraisals, house appraisals, 2-4 Units, Condos, Located in the Tinley Park, Mokena and Frankfort Area. We are also experts in Multi Family Apartment Buildings, Mixed Use, Small Commercial properties and Vacant land for all purposes. We offer private listing, Assessment Appeal, Bankruptcy, Divorce, Estate, Trust, partnership dispersion, Probate, and Indemnity Cases.

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Get the quality appraisal you need

Robinson Appraisal Group

Here at Robinson Appraisal Group, we will give you an accurate and detailed report on the quality and value of your home. We offer competitive pricing and electronic ordering and delivery to make life a bit easier for you as well. We have decades of experience in the field and the owner, Kenneth Robinson has won many awards and has a vast knowledge in both Fannie Mae and HUD guidelines.

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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

Back on April 19th , I wrote about the New York AMC law in my Housing Notes newsletter. After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. The bill summary was: Relates to the registration of real estate appraisal management companies or an individual or business entity that provides appraisal management services to creditors or to secondary mortgage market participants including affiliates by the department of state.

Law 367
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Market Overview: Colonial School District

Padove Appraisal Service

For this market overview I will get even more local. One of the key factors driving suburban residential real estate markets is the school district they are located in. I will examine the Colonial School District. Communities located in this district include: Plymouth Meeting, Conshohocken, Lafayette Hill, and portions of Flourtown and Fort Washington.

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Probate – proceed with caution

Annarbor Appraisal

Probate can be a complicated process for the personal representative, who likely only handles this type of situation once or twice in a lifetime. For some people, such as the attorney, or the agent who handles many estate related sales, the process makes sense. To the individual tasked with being the representative however, they likely only have a cursory understanding of the process.

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What Does an Appraiser Do?

Realtor

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. Is the new home you’re looking at priced too high? A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home.

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Get to Know your Home Appraisal Company

D Fritz Appraisals

What to Look for in a Home Appraisal Company. Looking for a Home Appraisal Company in Victoria, BC? Here’s a Quick Guide to Help You Decide Who to Hire. If you own your own home, there are four main reasons why you might be looking to hire a property appraisal company instead of going through the banks: you are planning on selling your property and want to know how much it’s worth; you are looking into refinancing your home and want an idea of its current value; you need to start dividing assets

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Why You Need A Home Apprasial Even If Paying Fully In Cash

Appraisal Partners Blog

What is a home appraisal? An appraisal is a professional opinion of a home’s value that is completely unbiased. Generally speaking, an appraisal is used to decide if the properties contract price is entirely appropriate; taking into consideration the features, condition, and location of the home in question. Why do I need one as a cash buyer? Purchasing a property is a rollercoaster of highs and lows!

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Lake Oswego—Neighborhood Analysis of Waterfront Single-Family Residential Homes (July 2019)

Portland Appraisal Blog

Oswego Lake is a scenic and picturesque former channel of the Tualatin River. It is a natural feature, but has been enlarged due to a dam to its present size of ~395 acres. Many homes rim the lake as well as the smaller bays connected to it. Some of the properties surrounding Oswego Lake are among the more expensive in the Greater Portland Area. Appraisers endeavor to take the measure of a neighborhood with a variety of tables, charts, and graphs.

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Market Outlook for 2019 and 2020: Trends to Watch

Boston Appraisal

The housing market across the country, and especially in Boston and New England, is experiencing a growth trend that’s accelerated over the last few years. The median home and condo prices in the U.S. have dramatically risen, reaching a record high in early 2019. Despite the continued appreciation, both real estate economists and the general public are starting to worry about the shadow of a second recession (the dramatic downturn of 2007 still on their minds).

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Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. As a lender, many questions race through your mind; “Will the property condition be acceptable? Will repairs be needed? Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood?

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Buying a Home? Plan for These Hidden Costs

Zillow

You're excited because you just found the perfect home. The neighborhood is great, the house is charming and the price is right. But the asking price is just the beginning. Be prepared for additional - and often unexpected - home-buying costs that can catch buyers unaware and quickly leave you underwater on your new home. Expect the unexpected. For almost every person who buys a home, the spending doesn't stop with the down payment.

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Baltimore Trends and the Outlook for 2019

Robinson Appraisal Group

Buyers and sellers are in for another nail biting year of making predictions regarding the Baltimore metropolitan market. There seems to be a slightly harder road ahead than last year due to the future of the Federal Fund Rate. Interest rates are projected to rise from its current 5% to 5.5% by the end of 2019. The rate hike will be based on data from the overall economy growth.

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Billionaires Row Continues to be Challenged

Miller Samuel

It's been no secret that super luxury Manhattan sales have been the hardest hit segment of the market since 2014. The slowdown is related to the oversupply of new development created from the vast amounts of capital looking for a home since the financial crisis. Perhaps the most famous representation of the super-luxury market has been "Billionaires Row" centered on 57th Street in the heart of Manhattan's central business district in Midtown Manhattan.

Contracts 243
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Market Overview: Montgomery County, PA

Padove Appraisal Service

We’ve all seen recent news articles about the slumping residential real estate market. These articles mostly reflect national trends. Real estate is very local, so let’s take a look closer to home. I have chosen to focus on Montgomery County, PA, an area I work heavily in. The first thing I will examine is the volume of current listings. This will help show us where the market is at.