Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. Also part of the definition: Reasonable market exposure time. As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.”

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Boston Appraisal

MARCH 18, 2024

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

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Boston Appraisal

SEPTEMBER 18, 2023

An accurate appraisal offers that indispensable foundational data, upon which assets can be split in a manner that is both fair and legally defensible. Facilitating Trust Transfers When assets are being transferred into a trust, precise appraisals are not just helpful; they are legally mandated.

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Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. employ certified professionals who understand the nuances of the local market.

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Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. Determining Asset Values for Financial Reporting Enhancing Financial Accuracy with Appraisals Accurate financial reporting is essential for businesses and individuals alike.

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Cleveland Appraisal Blog

MAY 26, 2023

The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches.

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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. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work. This disparity in the homeownership rate fuels the racial wealth gap.

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Boston Appraisal

MAY 17, 2023

The process of determining a property’s market value is called a real estate appraisal. The appraiser also needs to be aware of the zoning regulations, city ordinances, and other restrictions that can affect the value of the property.

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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. We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards.

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Housing Wire

AUGUST 31, 2023

In total, the lawsuit makes two civil Racketeer Influenced and Corrupt Organizations (RICO) claims, one Sherman Act restraint upon commerce claim, one intentional fraud in the inducement claim and one breach of contract claim against the defendants.

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McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

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DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. But still, he was baffled. I Just Don’t Get It! What Is An Appraisal?

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Empire Appraisal Group

OCTOBER 12, 2023

An appraisal provides an objective and fair market value of the home, helping to ensure that property division is equitable. Negotiation and Settlement : An accurate appraisal can serve as a basis for negotiation and settlement discussions between the divorcing spouses and their respective attorneys.

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Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

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Appraiserblogs

JULY 6, 2022

The appraiser develops an independent opinion of value for the property through an appraisal, and the attorney ensures that the appraisal is sufficient to support a just compensation determination in what is essentially a legal proceeding. If the property owner’s. Related Posts: Appraisal Fraud You might want to read this article.

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Appraisal Hub

MAY 17, 2023

Mistake #3: Not having a professional home appraisal Appraisal firms can determine your property’s real market value. A professional appraiser in Toronto can provide custom appraisal services to provide a specific market price or a realistic range, depending on the type of property you are selling.

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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 some cases, any attempt to avoid disclosing the problems your home has might result in legal action on the buyer’s part.

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Boston Appraisal

AUGUST 30, 2023

These certified appraisals must meet the agency’s strict criteria and specifications, thereby ensuring that the appraisal is both accurate and legally defensible. An accurate appraisal establishes the fair market value of the property, essential for calculating the capital gains or losses that must be reported to tax authorities.

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D Fritz Appraisals

FEBRUARY 22, 2023

It represents the difference between what they owe on their home and its current market value. However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. What Is Home Equity?

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Cleveland Appraisal Blog

FEBRUARY 11, 2022

When reading through that report, I noted that the appraiser got the address and legal description right. The appraiser’s market analysis was not supportable, nor were the sales that they choose to use to compare to the property being appraised. The market value is what it is. But it all went downhill from there.

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Eppraisal

OCTOBER 23, 2023

Your offer will only become legally binding if the seller signs it. Wait for the Appraisal The lender will hire an appraiser to determine the house’s fair market value. Finalize the Closing Date The closing date usually occurs between 30 and 60 days after the offer becomes legally binding.

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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. Attorneys are the professionals who are licensed to analyze and give opinions on the accuracy, appropriateness, adequacy, abnormalities, and legality of contracts.

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Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g.

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D Fritz Appraisals

MAY 9, 2022

A separation agreement is a legal, written record of how a couple has settled their issues related to their separation. . While you can prepare a separation agreement on your own, it’s a good idea to get legal advice from a divorce lawyer or a notary to help with the process. What Is A Separation Agreement? Living arrangements.

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Boston Appraisal

OCTOBER 8, 2022

Even though the appraiser doesn’t perform the first stage of the process, they are asked to determine a property’s fair market value without being allowed to conduct first-party research. Questions of legality or square footage verification are still left to the appraiser.

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Appraisal Hub

JULY 22, 2020

Some of the best ones are regularly hired by regional companies, financial firms, lenders, and law firms to provide appraisals for their clients, to facilitate legal actions, real estate transactions, and more. What types of appraisals do you provide? Are you certified?

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DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. But still, he was baffled. I Just Don’t Get It! What Is An Appraisal?

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Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. But still, he was baffled. I Just Don’t Get It! What Is An Appraisal?

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Appraisal Appraisal Process Buyers Legal 78

Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. a structural engineer, home inspector, or art conservator.”).

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Appraisal Hub

JUNE 17, 2020

An appraiser in Toronto is an unbiased third-party that can provide information on the true value of your home. The job of Toronto appraisal firms is to determine a property’s fair market value. You will receive a comprehensive report that is valid for use in legal paperwork. What to Expect. Appraisal Hub Inc.

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Boston Appraisal

MAY 27, 2019

Not only are they grieving, but they must also take care of the legal obligations and paperwork necessary to settle the deceased’s estate. And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority.

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Appraisal Real Estate Valuation Market Value 78

Cleveland Appraisal Blog

MARCH 15, 2023

To make the process go as smoothly as possible, start by focusing on the important steps, like downsizing, gathering important legal records, organizing medical information, preparing for a move, and any needed storage. Legal Documents Moving to a senior living community requires legal documents to ensure your health, safety, and well-being.

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Dart Appraisal

APRIL 9, 2021

The Dictionary of Real Estate Appraisal defines Highest and Best Use (HBU) as “The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value.” Maximum productivity.

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Housing Wire

NOVEMBER 29, 2023

However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. Finally, in the case of multiple undocumented heirs, there is a risk of tax sale if the parties disagree on who is responsible for taxes and the obligation is not set out legally.

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Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. If a homeowner hires the appraiser to appraise a home, the appraiser’s legal duty is to the homeowner, since they are the ones who hired the appraiser. . MULTIPLE BIDS.

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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. What it’s all about. Everything is verified.

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D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Any known inconsistencies with data – if your assessed property value has been fluctuating wildly over the years, this needs to be looked at. This will help ensure a fair market value.

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