JMV Lending

AUGUST 11, 2023

Rates shot up because of Fed comments about inflation concerns yesterday and because of a higher-than-expected Producer Price Index print […] The post How Much Power Do Appraisers Have Over Market Values? Holy Rate Volatility, Batman! appeared first on JVM Lending.

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Market Value Appraisal Marketing Lending 78

Lamacchia Realty

APRIL 17, 2024

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. Trust your REALTOR® to sell your home for what it’s worth.

Home Value 66

Home Value Buyers Realtors Realty 66

Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I The market has since cooled off, but taxes are going up. In 2022, the average tax on a U.S.

Property Taxes 540

Property Taxes Home Value Government Buyers 540

D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

Home Value 78

Home Value Appraisal Real Estate Agent Tools 78

Housing Wire

JULY 21, 2021

The White House estimates about one in four Census tracts are underserved, defined as those with poverty rates that are at least 130% of the area poverty rate, have a median family income below 80% of the area median family income and have median home values that are lower than area median home values.

Real Estate 456

Real Estate Investors Market Value Home Value 456

Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

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Home Value Valuation Mortgage Real Estate 69

National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

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Home Value Market Value Appraisal Sellers 69

Hank Miller Team

JANUARY 25, 2022

A home has a number of “values” and most are not tied to the buyers in the market. Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price. It is often a percentage of fair market value.

Home Value 52

Home Value Market Value Buyers Inventory 52

Eppraisal

JANUARY 12, 2024

By focusing on these priority projects in the coming months, you're not only ensuring the longevity of your property but also enhancing its market value. A well-maintained home speaks volumes to potential buyers and contributes to a thriving community.

Home Value 36

Home Value Inspection Modernization Buyers 36

DW Slater Company

FEBRUARY 23, 2023

So what’s happening in the housing markets here? The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. Some may have a bit of PTSD from the 2008 Housing crash but just know that this is a different market with different factors impacting it.

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Inventory Marketing Supply Chain Appraisal 128

Cleveland Appraisal Blog

AUGUST 6, 2021

It’s not lost on me that, to be competitive, a buyer may be asked to waive the home inspection. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. In many cases, if they want the home, they may have to do so. No one knows what the market will do tomorrow.

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Buyers Property Taxes Inspection Market Value 243

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). At the end of Q2, the average U.S.

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Lending Home Value Mortgage Renovations 416

Housing Wire

MARCH 9, 2021

In 2019, the typical homeowner in a primarily white neighborhood had $33,000 more home equity than the typical homeowner in a primarily Black neighborhood. “Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated.

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Home Value Market Value Brokerage Inventory 468

Cleveland Appraisal Blog

MAY 26, 2023

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. Most good agents do a lot of work when pricing a home. If they end up too high, the home will likely sit on the market until the price is reduced.

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Appraisal Real Estate Agent Real Estate Agents 302

Cleveland Appraisal Blog

MAY 13, 2021

Real estate agents have a view of what the home should be listed for, based upon their research and experience. And, of course, we appraisers have our views of what a home is worth. . In the current market, those views may be light-years apart. This is the strongest seller’s market I have ever seen. Not at all!

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Market Value Contracts Appraisal Buyers 298

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

Real Estate 86

Real Estate Appraisal Marketing Market Value 86

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. There are three basic causes of depreciation for homes. An inadequate heat source could be considered a functional issue resulting in a loss of value.

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Market Value Appraisal Marketing Buyers 244

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Just as different types of leaven can be used to make bread rise, and even change the flavor of the bread, increasing home prices can result from different situations. TODAY’S RISING HOME PRICES.

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Inventory Market Value Appraisal Contracts 243

Eppraisal

OCTOBER 31, 2023

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

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Marketing Real Estate Agent Real Estate Valuation 69

Town & Country Residential Appraisals

JANUARY 27, 2020

This house will go fast: Might have been believable in the first 30 days on the market, but not anymore. One home with this description had been on the market 247 days. Very bright, sunny home: Often true because there’s not a tree in sight. But to the original claim that fluffing decreases home values, lets explore how.

Home Value 36

Home Value Decorating Agents Investors 36

Housing Wire

NOVEMBER 23, 2021

Neighborhood Homes is a practical solution for communities in which the cost of renovating or building a home exceeds its market value after the work is complete. Homeowners will secure mortgages to finance their homes which can then be used as comparable sales for financing of nearby homes.

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Investing Renovations Development Construction 404

Texas Home Appraisal Blog

JUNE 8, 2016

Understanding the way a price is set per square foot and how it works is seeing and understanding the market value of properties. The post Does Price Per Square Foot Give An Accurate Home Value? appeared first on Austin Home Appraisal Team. There are other factors that are taken into consideration.

Home Value 36

Home Value Market Value Real Estate Appraisal 36

Clear Capital

FEBRUARY 23, 2024

For example, a home in a shared equity program is sold at a below-market price, affordable to those making less than 80% of the Area Median Income. In turn, when it comes time to sell the home, that owner can’t realize any more appreciation beyond 2% per year.

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Valuation Market Value Contracts Appraisal 36

Housing Wire

MAY 25, 2021

An automated valuation model (AVM) provides an estimate of market value for a subject property at a specific point in time. To determine a value for the subject property, the most common AVM method is the use the prices of comparable properties that were recently sold. Greater Similarity…Stronger Connection.

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Valuation Training Home Value Market Value 197

Buys Brokers Only LLC

JULY 7, 2021

When a homebuyer buys a home, the mortgage lender will want to know whether the house, condominium, or multi-family home is worth the amount of money the homebuyer has agreed to pay. The lender needs to evaluate the home to discover anything that might negatively or positively impact the home's fair market value.

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Appraisal Home Value Market Value Mortgage 65

Eppraisal

FEBRUARY 7, 2023

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. By contrast, a homebuilder acquires raw land to build on and sell when home values are high.

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Development Sellers Legal Home Value 69

JMV Lending

MARCH 16, 2022

“I knew a guy who sold his house for $100,000 under the market value because he felt like it…” said nobody. My point is that no seller is ever going to knowingly sell a property for under market value in this day and age – when listing information is made available to everyone via […].

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Appraisal Market Value Lending Sellers 78

Housing Wire

AUGUST 3, 2023

Job functions most likely to be impacted include sales, marketing and software engineering. Given that sales and marketing are key areas for real estate agents, generative AI will increase the probability of agents winning listings. They concluded that AI has the potential to deliver an economic benefit of $6.1 trillion to $7.9

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Real Estate Agent Real Estate Agents Tools 370

Eppraisal

MARCH 5, 2024

Whether a complete kitchen remodel, a bathroom update or adding a fresh coat of paint, each project can breathe new life into your home. In addition to the joy and comfort these changes bring into your daily life, renovations can also significantly increase your home’s market value.

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Renovations Modernization Market Value Buyers 36

AmeriMac

JANUARY 30, 2024

Moreover, the reverse mortgage appraisal report, reflecting the current home value, significantly aids in the loan application process. The homeowner’s current location also impacts eligibility, as the estimated home value for the reverse mortgage is calculated based on the location.

Appraisal Process 36

Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Realtor

AUGUST 7, 2019

Appraisal value isn’t always the same as market value. We know, the lingo can be confusing, but trust us on this one: The “appraisal value” isn’t always the same as the “market value” of your home. So how is market value determined, if not with an appraisal? The final word.

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Sellers Appraisal Market Value Real Estate Agent 111

Appraisal Today

APRIL 26, 2024

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. I have done a lot of estate appraisals.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. How Does the Appraiser Determine Value?

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Appraisal Appraisal Process Buyers Legal 158

Chicagoland Appraisal Blog

MAY 13, 2021

Real estate professionals or other appraisal experts can help you determine the market value of your home. This is helpful whether you intend to stay in your home or wish to sell it. Here, we’ll explore everything you need to know about home appraisals and how to maximize the value of your house. .

Appraisal 88

Appraisal Renovations Home Value Real Estate 88

Realtor

AUGUST 7, 2019

Appraisal value isn’t always the same as market value. We know, the lingo can be confusing, but trust us on this one: The “appraisal value” isn’t always the same as the “market value” of your home. So how is market value determined, if not with an appraisal? The final word.

Sellers 78

Sellers Appraisal Market Value Real Estate Agent 78

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. Fortunately, you can take several steps to improve your home's appraisal. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller.

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Appraisal Renovations Home Value Inspection 52

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value.

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Appraisal Renovations Home Value Construction 52