Chicagoland Appraisal Blog

APRIL 3, 2020

Here’s what that means for sellers in the Chicago area: Make key updates if you’re selling a dated home. Updated homes tend to sell faster in Chicago, notes Westhoff. Galles notes that a more contemporary aesthetic with a modern form and function reduces the need for care and maintenance. Understand Chicago home values.

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Real Estate Agent Architecture Modernization Buyers 78

Appraisal Today

AUGUST 4, 2023

The censorship is part of a march toward what appraiser and podcaster Phil Crawford has coined “universal basic home value” – a utopian vision among idealogues in which government technocrats dictate the supposed value of a property using algorithms and machine learning. On the other hand, the FHA/HUD 4000.1[II.D.4.(3)(c)]

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Appraisal Business Contracts Real Estate 72

Listing Spark

MARCH 15, 2022

Potential buyers may think that you don’t take care of your property and this could lower the value of your home. The Appraisal Institute has warned that bad neighbors can lower home values by as much as 10%. Finally, it’s important to keep all of the systems in your home up-to-date. Love this list?

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Appraisal Buzz

AUGUST 29, 2022

Market prices for purchased and rented homes are through the roof, with no clear end in sight. More people are searching for homes than there are houses available. This supply and demand issue made property prices skyrocket, with few able to afford what sellers were asking. 39 billion to modernize transit. $17 Appraisals.

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Transportation Law Investing Investors 370

Eppraisal

MARCH 28, 2023

Advantages and Disadvantages of New Construction According to Realtor.com, one-third of all homes on the market are new, i.e. recently built with no previous inhabitants. These are the very drivers of their appeal -- no aging, no wear and tear that often diminish home values. Individual sellers are easier negotiating partners.

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Construction Inspection Property Taxes Home Value 36

Will Springer Realtor

AUGUST 11, 2023

Using home valuations and area median household income data, the report notes the average time required across the U.S. With a median household income of $106K and a typical home value of $703,600, Seattleites can expect to spend a “baker’s dozen” years to reach the 10% down payment threshold. And the sellers don’t disagree.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

AUGUST 9, 2022

SmartAsset used three metrics – home value growth, income growth and housing demand – to reach its findings. >> Returning to work will come with a price. This suggests buyers were still paying top dollar for their dream home. . >> SmartAsset analyzed more than 300 of the largest U.S. Everett claimed the No.

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Inventory Buyers New Listings Construction 36