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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

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. While buyers can request a second appraisal, the lender decides whether to push it through.

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Consider These Factors When Choosing a Real Estate Appraiser

East Coast Appraisal

An accurate appraisal can help: A buyer to avoid overpaying for a property A seller to ensure they get a good price for their property A lender to avoid lending more than the property's fair market value Property buyers, sellers, and lenders enjoy these benefits if they work with the right appraiser.

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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. The lender hired the appraiser as an independent third-party to provide a non-bias estimate of value. Reason #2: Lack of Market Data.

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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. The lender hired the appraiser as an independent third-party to provide a non-bias estimate of value. This lack of data can, unfortunately, slightly skew the true market value.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 5: Why are commercial property appraisals important?

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12 Types of Expert Witness Assignments for Appraisers

McKissock

Typically, this would be for local property tax appeals. This could be for estate or probate cases, and often involves determining a retrospective market value if a taxpayer neglected to obtain an appraisal when property was inherited. Learn more. Tax appeal. Income tax (IRS) issues.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market. Appraiser shortage.

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