Cleveland Appraisal Blog
OCTOBER 14, 2021
Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value. I remember loan officers telling me that I needed to be “creative” with my appraisals.
Cornerstone
APRIL 30, 2021
Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. This is especially true among millennial homeowners (now ages 25 to 40) who have a golden opportunity to trade up in 2021, “with many having owned their first homes long enough to see substantial equity gains.”.
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Assurance Financial
APRIL 29, 2021
Home equity is simply the difference between your home’s value and the amount you owe on the mortgage. If you own your home free and clear, your equity is the same as the property’s value. Suppose your home’s market value is $300,000. Sources: Linked: [link].
AmeriMac
JANUARY 30, 2024
Moreover, the reverse mortgage appraisal report, reflecting the current home value, significantly aids in the loan application process. The reverse mortgage appraisal report stands as a pivotal element in the loan application, influencing the terms and approval, making it an indispensable part of the entire process.
Cornerstone
OCTOBER 26, 2021
This is precisely what we’re seeing in today’s real estate market. Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price.
Realtor
DECEMBER 15, 2016
“We’re looking for homes sold within the last six months that are equivalent in the numbers of rooms, square footage, upgrades, and location to the home that’s being purchased,” he explains. Real estate appraisers are merely there to give an unbiased opinion about the home value. How appraisals affect the sale.
Realtor
DECEMBER 15, 2016
“We’re looking for homes sold within the last six months that are equivalent in the numbers of rooms, square footage, upgrades, and location to the home that’s being purchased,” he explains. Real estate appraisers are merely there to give an unbiased opinion about the home value. How appraisals affect the sale.
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