Empire Appraisal Group

OCTOBER 5, 2023

A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. This value is essential for tax reporting and compliance.

Appraisal 78

Appraisal Market Value Valuation Law 78

Cornerstone

OCTOBER 26, 2021

It’s a basic law of economics: Low supply plus high demand automatically causes a price increase. This is precisely what we’re seeing in today’s real estate market. Home values are climbing at nearly historic levels. In layman’s terms: While buyers may want to pay extra for a home, appraisers must assess its fair market value.

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Sellers Buyers Appraisal Loan Officers 57

Birmingham Appraisal

MAY 21, 2024

Condition and Age of the Property The age and condition of a home directly impact its market value. Renovations and updates can reduce these effects by increasing a home’s market appeal and extending its lifespan. The Local Real Estate Market Understanding the dynamics of the local real estate market is essential.

Home Value 70

Home Value Architecture Renovations Real Estate 70

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

Lamacchia Realty

APRIL 10, 2024

In-Law Apartments How this can Increase Value: A well updated and cohesive In-law apartment is very attractive to buyers who are looking for one. How this can Decrease Value : Many people believe that in-law apartments automatically increase the value of a home, but it is just not the case.

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Law Buyers Renovations Decorating 68

Miller Samuel

NOVEMBER 30, 2018

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. Liability insurers are already talking about a new target when things go south. The problem with this logic is the buyer may not be fully informed (i.e.,

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Appraisal Inspection Real Estate Agent Agents 300

Realvals

JUNE 18, 2023

By providing clear evidence of the value of your assets, you can help avoid disagreements among your loved ones after you’re gone. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes. An appraisal can assist you in determining the value of real estate, personal items, and business interests.

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Appraisal Property Taxes Real Estate Market Value 145

Hank Miller Team

JANUARY 25, 2022

Purchase Price The purchase price is the amount the buyer agrees to pay the seller; this tends to support the “it’s worth what a buyer will pay” idea. Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price.

Home Value 52

Home Value Market Value Buyers Inventory 52

Cleveland Appraisal Blog

AUGUST 11, 2022

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. In sum, you are better off if you keep it clear and transparent since you might have problems with the law otherwise.

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Renovations Buyers Appraisal Investing 221

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. Appraisers should be careful not to perform analysis and/or provide opinions and conclusions that would fall under “practicing law without a license.”

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. A home appraisal determines the fair market value of a home. While there are different laws for different states, Fannie Mae has a general list of requirements on their site.

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Appraisal Process Appraisal Construction Sellers 139

McKissock

JUNE 8, 2021

His intent was to buy the house from his parents and relocate his law offices there. He ordered appraisals from three different appraisers, and the purchase price was to be the average of the three value opinions. In this case, he was also the client. He knew there’s no correct answer in appraising.

Appraisal 73

Appraisal Contracts Clients Law 73

Genworth MI Blog

JUNE 27, 2019

Will the appraised value be sufficient for the loan?”. Will I be seen as overstepping the law? This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. If I have questions, what am I allowed to ask?

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Will the appraised value be sufficient for the loan?”. Will I be seen as overstepping the law? This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. If I have questions, what am I allowed to ask?

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. 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. Also, you can install a separate mother-in-law suite, as most houses lack this feature.

Appraisal 52

Appraisal Renovations Home Value Inspection 52

Will Springer Realtor

MARCH 7, 2023

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. The highest property value increase in King County this year occurred in Sammamish, where the median home value jumped 51%.

Property Taxes 36

Property Taxes Market Value Real Estate Government 36

Housing Wire

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. In light of the recent NAR lawsuit outcome , seller leads are even more crucial. Companies like SmartZip can quickly and easily generate a list of potential home sellers based on data, not just a zip code. It’s a great time to sell.

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Real Estate Tools Real Estate Agent Agents 206

The Robert Weiler Company

OCTOBER 21, 2022

Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Lamacchia Realty

MAY 6, 2024

Short-term rental laws can be strict, and staying compliant avoids hefty fines. In addition, the influence of local community features on property values can’t be overstated. Living near popular attractions can raise your home’s market value , making it a profitable asset if you decide to sell.

Logistics 53

Logistics Realty Transportation Property Taxes 53

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. Other users might be sellers, mortgage underwriting, banks, and contractors. Appraisal vs Home Inspection.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Portland Appraisal Blog

APRIL 14, 2019

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. There is no law forbidding someone from paying more than the average market participant for a home unless the motive for doing so falls under money laundering, bribery, or some other equally nefarious scheme.

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Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” His law practice is dedicated to valuation issues.

Appraisal 80

Appraisal Contracts Insurance Construction 80

Will Springer Realtor

MAY 10, 2022

King County Assessor John Wilson urges any owner curious about the value of his/her home to check the county’s website for an assessed value. The assessment is typically lower than the market value, which can be derived from home valuation sites. Another scam is property-lien fraud.

Real Estate 68

Real Estate Buyers Valuation Law 68

AmeriMac

FEBRUARY 25, 2021

In this way, FHA can determine the selected properties’ market value, thus finding out whether the house is worth financing or not. After an in-depth inspection, the appraiser will offer the FHA an insight into the property’s market value. Moreover, the U.S. Are FHA Appraisals Public Record?

Appraisal 36

Appraisal Insurance Appraisal Process Market Value 36

AmeriMac

FEBRUARY 25, 2021

In this way, FHA can determine the selected properties’ market value, thus finding out whether the house is worth financing or not. After an in-depth inspection, the appraiser will offer the FHA an insight into the property’s market value. Moreover, the U.S. Are FHA Appraisals Public Record?

Appraisal 36

Appraisal Insurance Appraisal Process Market Value 36

Appraisal Today

SEPTEMBER 15, 2023

Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than market value. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Agent Contracts Real Estate 82

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Marketing Strategies. What Is a Buyer’s Market?

Marketing 36

Marketing Sellers Buyers Real Estate 36

Lamacchia Realty

JUNE 22, 2023

The first step in this process involves determining the market value of the home with your REALTOR®. It is important to note that certain tax laws relevant to selling your home will expire at the end of the year. Additionally, they will need to buy out the other spouse’s equity.

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Real Estate Agent Real Estate Agents Realtors 63

Listing Spark

AUGUST 2, 2021

Despite this high price, Offerpad may still be a solid option for sellers who are looking to move quickly and aren’t too worried about leaving money on the table. It is important to consider that while Offerpad can lead to a quick and easy sale, home-sellers will very likely be giving up money for this convenience.

Contracts 36

Contracts Real Estate Inspection Sellers 36

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

AmeriMac

FEBRUARY 25, 2021

In this way, FHA can determine the selected properties’ market value, thus finding out whether the house is worth financing or not. After an in-depth inspection, the appraiser will offer the FHA an insight into the property’s market value. Moreover, the U.S. Are FHA Appraisals Public Record?

Appraisal 28

Appraisal Insurance Appraisal Process Market Value 28

Quicken Loans

JUNE 8, 2021

Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. Bear in mind that every state has unique laws and regulations concerning foreclosures. It’s important to work with an expert who understands these laws. Sellers (i.e., Buying at this stage can be tough, though.

Real Estate Agent 72

Real Estate Agent Inspection Government Real Estate 72

Appraisal Today

APRIL 2, 2023

for example, the certification adds more language certifying that the appraisal does not discriminate and is completed consistent with fair housing laws. “Some HOA rules can seem overbearing, but are required by state law—such as no glass or pets in the pool area,” says Kelly G. Answers a lot of appraiser questions.

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Contracts Appraisal HOA Architecture 52

Assurance Financial

APRIL 29, 2021

The CD also tells you how much cash you need to bring to closing and lists all the transactions that have taken place, such as any credits from the seller. To show the seller you’re serious about the purchase, you need to put down earnest money. FMV (Fair Market Value). C to P (Construction to Permanent Loan).

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

AmeriMac

APRIL 11, 2022

They’ll carefully consider any improvements that the seller has recently made since the last listing. Then, based on all of this information, they’ll come up with a fair market value for the home that they’re working on. They’ll look at the number of bedrooms, bathrooms, etc.

Appraisal 36

Appraisal Real Estate Renovations Training 36

Will Springer Realtor

FEBRUARY 9, 2022

We covered this topic of “missing middle” housing last month , and state legislators appear serious about enacting laws that will encourage more building of high-density homes in urban, transit-friendly areas of the state. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home.

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Buyers Law Inventory Development 36

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.”

Appraisal 52

Appraisal Bracketing Contracts Valuation 52