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How Appraisers are Handling Market Value

Appraisal Buzz

How has this new market been different than what is considered “normal?” How is this information beneficial to the future of appraising? The post How Appraisers are Handling Market Value appeared first on Appraisal Buzz. We’ll be getting the inside scoop while they discuss what’s being done.

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Revive launches AI-powered listing tool for real estate agents

Housing Wire

This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. Future ARV (after-remodeled value): The projected market value post-renovations.

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What is the Difference Between Assessed Value and Market Value?

Lamacchia Realty

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Market Value: Who Says What It Is?

McKissock

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”.

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HousingWire Annual: CoreLogic says climate change should be factored into financial analytics

Housing Wire

So far in 2023, 24 billion-dollar natural disasters have struck the United States, according to data from the National Centers for Environmental Information at the National Atmospheric and Oceanic Administration (NOAA). For example, if a property is exposed to high climate risk, its market value may decline.

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Understanding Zillow’s Square Footage is Important!

Cleveland Appraisal Blog

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised. The MLS reflects 2,094 sq.

Appraisal 406
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3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising.

Appraisal 354