Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

Miller Samuel

NOVEMBER 30, 2018

Those are "PiW" loans or have a "Property Inspection Waiver." The seller and the buyer determined the market value by agreeing on the price." from an out of market area) and will also mortgage fraud supercharged. I've heard of fees as low as $8 to do the inspection and $78 for the appraiser.

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

AmeriMac

MARCH 28, 2022

Before your mortgage loan is approved, you usually need to go through an appraisal and a home inspection. An appraisal tells you the market value of your property — while a home inspection tells you what might need to be repaired or replaced. In general, over-valuing a property is fine. What Is a Home Inspection?

Inspection 36

Inspection Appraisal Buyers Sellers 36

Realtor

AUGUST 7, 2019

If a buyer needs a loan to purchase your home, the lender will require an appraisal toward the end of the loan application process just to make sure the home is actually worth its purported value. And they may not accept an appraisal that the seller did at the time of listing.”. Appraisal value isn’t always the same as market value.

Sellers 78

Sellers Appraisal Market Value Real Estate Agent 78

Appraisal Buzz

JULY 18, 2022

This might manifest itself with lower offers that are acceptable to the seller, but price isn’t the only aspect of a transaction. I believe buyers may actually be able to take advantage of the perception of a volatile market right now. Sellers are panicking right now which is almost always an opportunity for buyers. 1] [link].

Sellers 435

Sellers Marketing Market Value Home Value 435

AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. We will also discuss what happens if an REO appraisal is low and how it impacts property value. Lastly, we will compare REO appraisals to home inspections and answer whether they are mandatory for all property transactions.

Real Estate 36

Real Estate Appraisal Inspection Appraisal Process 36

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

Sellers 69

Sellers HOA Insurance Contracts 69

East Coast Appraisal

AUGUST 11, 2022

Many home sellers shy away from property appraisal because they believe the process only caters to the buyer's needs. However, property appraisal benefits both the buyer and the seller. For the seller, a home appraisal ensures they price their property correctly. Home Appraisal Is the Same As a Home Inspection.

Real Estate 52

Real Estate Appraisal Renovations Market Value 52

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. Your offer will only become legally binding if the seller signs it.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Appraisal Hub

MARCH 19, 2023

How Can Buyers And Sellers Benefit From Appraisals? If you’re buying, a professional appraisal can show you the true value of the property you are interested in purchasing. For example, the report will reveal if you are paying too much for the home so that you can renegotiate with the seller. Appraisal Hub Inc.

Appraisal 78

Appraisal Property Appraisal Sellers Mortgage Appraisal 78

Appraisal Hub

OCTOBER 12, 2021

A property appraisal is also known as real estate appraisal and it can help you learn your property’s real market value in Toronto. Sellers of residential and commercial properties set the sale price that is based on fair market value. For buying and selling property. For refinancing and home loans.

Property Appraisal 78

Property Appraisal Appraisal Market Value Real Estate 78

Appraisal Hub

MAY 17, 2023

Mistake #2: Forgetting to factor in the selling costs Most first-time home sellers think they don’t have to worry about additional expenses when selling a house, only to be surprised by closing costs, agent commissions, home inspection repairs, and staging costs.

Inspection 78

Inspection Property Taxes Real Estate Agent Buyers 78

Glascock Company

DECEMBER 11, 2020

While there are plenty of benefits to both, there is one alternative that could flip the sale faster and without much stress on you as the seller. Auctions are one of the most expedient ways to sell real estate (both commercial and residential) while still allowing the seller to maintain total control over the transaction.

Sellers 78

Sellers Inspection Real Estate Buyers 78

McKissock

JULY 6, 2022

Sellers and buyers need to have a clear understanding of who can and will have access to the property in question. For sellers, they need a clear understanding of what showings, open houses, and inspections could entail. Access to the property is a common sticking point between sellers and buyers during a transaction.

Clients 87

Clients Real Estate Contracts Sellers 87

Cleveland Appraisal Blog

DECEMBER 2, 2021

If this is the norm for the neighborhood, the size of the driveway may not have any impact on value. I find that often, driveway size does not have any major impact on market value, as long as the driveway is typical for the neighborhood. DOES THE MATERIAL THE DRIVEWAY IS MADE OF MAKE A DIFFERENCE IN VALUE?

Appraisal 243

Appraisal Buyers Market Value Real Estate Agent 243

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Combining the strengths of AI with the expertise and insights of real estate professionals could provide the best results in accurately assessing the market value of homes.” So how can real estate agents be so cavalier about their job?

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.

Sellers 55

Sellers Buyers Agents Real Estate Agent 55

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. Steps in the Appraisal Process.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Cleveland Appraisal Blog

AUGUST 11, 2022

Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property.

Renovations 221

Renovations Buyers Appraisal Investing 221

Realtor

AUGUST 1, 2018

To be approved for the loan, the house must pass an inspection conducted by the U.S. A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems.

Inspection 136

Inspection Insurance Buyers Renovations 136

McKissock

OCTOBER 13, 2020

Between the complexities of the real estate market and the changeable landscape of financing and property value, your clients likely have an abundance of questions regarding the sale of their home. We took a poll of some recent sellers and found the following questions to be the most frequent. Marketing efforts are neutralized.

Clients 84

Clients Advertising Real Estate Market Value 84

McKissock

JANUARY 31, 2023

.” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” Appraisers do not assign value “Appraisers do not dictate a home’s value, the market does.” ” “That we research value, we do not assign it.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Your agent will guide you through the process and present the offer to the seller's agent on your behalf. Be prepared to negotiate with the sellers to make the final contract a win-win.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

Birmingham Appraisal

JUNE 13, 2023

They cannot base their value opinions on anything other than their own analysis of the market data and their professional judgment. If you choose not to be at the property during the appraisal inspection let the appraiser know you are available to answer any questions they may have.

Real Estate Agent 77

Real Estate Agent Real Estate Agents Reconsideration of Value 77

Realtor

MARCH 7, 2023

The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit. ” In some cases, experts advise it might be wise for a potential homebuyer to pay to have a home inspection done prior to the official appraisal.

Inspection 111

Inspection Appraisal Market Value Finance 111

DataMaster

APRIL 6, 2021

An appraisal is an unbiased valuation of the fair market value of a home. An appraiser researches available public information online and does a physical inspection of the home. We must look at the market analysis and where we are coming from. Let’s explore how appraisals work! What Is An Appraisal?

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Recent Comparable Sales: Appraisers analyze recent sales data of comparable properties in the area to provide a market-derived opinion of value.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Appraisal Hub

JANUARY 11, 2021

Property appraisal services are meant to determine a commercial property’s market value. Think of the property appraiser as a ‘property detective’ who gathers and analyzes statistics, facts, and other crucial information about the property to form opinions on its value. It’s not the same as a property inspection.

Real Estate 78

Real Estate Appraisal Property Appraisal Inspection 78

Zillow

SEPTEMBER 12, 2019

Sellers tend to put their homes on the market in the spring, often listing their homes too high right out of the gate. These sellers have fewer chances to capture buyers after Labor Day. By October, you are likely to find desperate sellers and prices below a home’s market value.

Sellers 67

Sellers Buyers Open Houses Inspection 67

Realtor

AUGUST 1, 2018

To be approved for the loan, the house must pass an inspection conducted by the U.S. A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems.

Inspection 78

Inspection Insurance Buyers Renovations 78

Eppraisal

JUNE 20, 2023

Exploring Off-Market Opportunities Inquire with your real estate agent about pocket listings or upcoming properties Network with friends, family, and colleagues who may have knowledge of potential listings Consider driving through desired neighborhoods to spot "For Sale" signs before they hit the market Evaluating and Making an Offer A.

Real Estate Agent 36

Real Estate Agent Open Houses Real Estate Inspection 36

Will Springer Realtor

FEBRUARY 1, 2022

Sellers have the option to review offers on their home upon receipt of the bid or in the future, better known as an “offer review date.”. In a hot sellers’ market, establishing a date to examine bids – especially on a popular home in a desired neighborhood – is a common strategy and one that can generate a frenzy among buyers.

Real Estate 36

Real Estate Sellers Buyers Legal 36

Birmingham Appraisal

AUGUST 8, 2023

Set it too low, and you may lose out on the true value of your property. A pre-listing appraisal performed by a professional appraiser can provide you with an unbiased and accurate assessment of your home’s market value. Armed with this knowledge, you can confidently set a fair and competitive price right from the start.

Appraisal 75

Appraisal Buyers Real Estate Investing 75

Birmingham Appraisal

SEPTEMBER 28, 2022

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. A phone app would be utilized to post assignments and anyone willing to take on the assignment would grab it and complete the inspection. What Is A Hybrid Appraisal?

Appraisal 59

Appraisal Property Inspector Training Real Estate Agent 59

AmeriMac

OCTOBER 5, 2022

If you are in the process of buying a home, getting a home appraisal of the property can help you to get the correct market value for the home so that you don’t pay too much for it. It can be helpful for both the buyer and the seller of the property when the true value of the home is assessed. Home Appraisals.

Appraisal 36

Appraisal Mortgage Market Value Sellers 36

Assurance Financial

APRIL 29, 2021

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money. Fair Market Value.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. Freddie Mac announced automated collateral evaluation (ACE) as a new solution and Fannie Mae followed not long after with the introduction of Property Inspection Waivers (later renamed Value Acceptance).

Modernization 397

Modernization Appraisal Inspection Valuation 397