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Once Upon a Time… A Housing Fairy Tale

Appraisal Buzz

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.” Let’s pretend market value is market value.

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Using Equity To Buy A Second Home

D Fritz Appraisals

It represents the difference between what they owe on their home and its current market value. Using equity to buy a second home can be attractive for those looking for additional real estate investments. We have provided reliable real estate lending, sales, and appraisals for four decades in Victoria, BC.

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Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. built in 2000.

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Say What? Home-Buying Lingo You Should Know

Zillow

A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing of escrow is the responsibility of the escrow agent. Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

allow a commercial broker to counsel a client on commercial real estate investment matters, such as goals, alternatives, resources, constraints, and timing; Question 4: How accurate are commercial real estate appraisals? .; In short, a commercial property appraisal determines the fair market value of your property.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate.

Appraisal 344
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What’s Included in Closing Costs?

PennyMac

State laws will usually dictate who is legally responsible for overseeing the closing. The owner’s title insurance is optional but highly recommended by most legal experts. A third-party will determine the fair market value of your property, and that will determine what lenders can give you for your loan. Courier Fee.