Is Market Value Itself Biased?

George Dell

Could the very definition of market value hold bias? The post Is Market Value Itself Biased? Appraiser Bias Series Critical Thinking Market Value market valueLet’s look. First, we need to figure out what types of bias there might be.

Is Market Value Obvious?

George Dell

We compared price versus value in Part I. There, the leading paragraph defines “market value” as per USPAP Advisory Opinion 22.) The post Is Market Value Obvious? Market Price Or Market Value Series Market Value Critical Thinking market value

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How Appraisers are Handling Market Value

Appraisal Buzz

In today’s Buzzcast, we dive into the hot button issue of how appraisers are handling this market. How has this new market been different than what is considered “normal?” The post How Appraisers are Handling Market Value appeared first on Appraisal Buzz.

Market Value Vs. Sales Price with Nikki Smith

Appraisal Buzz

In today’s Buzzcast, we dive into market value versus sales price and how today’s wild market should be something all appraisers need to be up-to-date on. They delve into a deep discussion regarding the two and how they impact where we are today in the market.

Market Price or Market Value Or?

George Dell

Market value for home loans in the United States is precisely defined. The understanding of “market value” is the single most important concept defining what appraisers do. The post Market Price or Market Value Or?

What is the Market in ‘Market Value’?

George Dell

Everyone knows what’s a market — (or do they)? Market Value is the ultimate goal of appraisals, of AVMs, of evaluations, of BPOs, hybrids, exceptions, and all forms of opinions (everyone has one). So, market value must be based on “the market”!

Market Value Vs. Sales Price with Nikki Smith

Appraisal Buzz

In today’s Buzzcast, we dive into market value versus sales price and how today’s wild market should be something all appraisers need to be up-to-date on. They delve into a deep discussion regarding the two and how they impact where we are today in the market.

Real Estate Market Values Surge in the First Quarter

Eyes on Housing

Financial Accounts of the United States, i.e., the “Flow of Funds”, show that, in the first quarter of 2021, the aggregate market value of all owner-occupied real estate in the United States registered the largest numerical quarterly increase in the last 20 years’ worth of data.

Can You Measure Market Velocity?

George Dell

“Appraisal is market analysis!” Freddie Mac Chief Appraiser Scott Reuter recently noted pervasive market analysis deficiencies in appraisal opinions. The post Can You Measure Market Velocity? Analytics CMS Competitive Market Segment Market Value market conditions market value

Who Needs Appraiser’s When One Has Cash?

Cleveland Appraisal Blog

I must admit, in the past year, there have been times when I have felt like many buyers don’t really care about value anymore. 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.

The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

Appraisal Process FHA Appraisals final inspections Residential Properties #daviesscounty #realestate #residentialappraisals appraisal appraisal process appraiser Breckenridge County construction loanofficer loanofficers loanofficersguide market value newconstruction newhouse Real Estate Market

UT West Campus Condos Market Values

Texas Home Appraisal Blog

The area known as West Campus near University of Texas is a hot spot for condos sales and rentals due to the obvious transient nature of the market area. The post UT West Campus Condos Market Values appeared first on Austin Home Appraisal Team.

How Do Sales Concessions Affect Market Value?

Texas Home Appraisal Blog

Depending on the amount of the concession, and what is typical within the market area, they can have a drastic impact on the adjusted value. The post How Do Sales Concessions Affect Market Value?

New Suspicious Law in CA

Appraiserblogs

Appraisal Appraisal News Appraisers News Video appraisal news discrimination education market value Political Action webinar

Law 103

The Loan Officer’s Guide to Appraisals, Part 1:  The Final Inspection

Riverfront Appraisals

Hey friends! Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. In this blog post, we’re starting with the end. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection.

Promoting Public Trust Part 11:  Competency 

Riverfront Appraisals

Appraisal Process FHA Appraisals #breckinridgecounty #daviesscounty #HendersonCounty #PerryCounty #realestate #residentialappraisals #sellyourhome #SpencerCounty #WarrickCounty appraisal appraisal process competency GraysonCounty homeowner market value objective owensboro PVA realtor seller unbiase

When a parent, spouse or loved one dies – what do you need to know or do about the house?

San Jose Real Estate

Death Sale Type Selling Tips appraisal capital gains condo CPA death estate taxes home selling home selling tips house lawyer market value sell a home sell as is Seller Tips sellers tips silicon valley Silicon Valley real estate tax liability tax professional taxes townhouse valuation

REDFIN How Dare You!

Appraiserblogs

The following Redfin article is exceptionally offensive to everyone in the real estate business and related sectors, who actually know what they are talking about, to people that are not racists, and who are offended at being falsely called racists directly or by inference.

4 Uncontrollable Factors that Can Affect Home Appraisals

Appraiserblogs

…some uncontrollable factors that come into play when determining the value of residential property… There are many factors that can affect the valuation of a residential property.

New Podcast! Owensboro Real Estate Update

Riverfront Appraisals

Have you ever wondered what’s going on in your neighborhood’s real estate market? This will be a weekly podcast bringing the latest news and information about our local real estate market directly to […].

Boston, Massachusetts Real Estate Market Analysis

Boston Appraisal

No one has a crystal ball, and there are countless factors that can affect property values. However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market.

Flood/Storm Damage – FEMA, Building Permits, 50% of Structure’s Market Value?

CP Home Appraisals

This requirement is true IF the cost of repairs to their home is equal to or greater than 50% of the STRUCTURES market value prior to the storm. The basis of the structure’s market value will be taken from HCAD records but unfortunately these values are terribly inconsistent and generally inaccurate. Also take into account that many homeowners appeal their property taxes each year thus making their overall property value on tax records lower.

How to set the right price for your home

REX Real Estate

Want to get the most money out of your house?

Magnusson Match Ups: Episode 1

Magnusson Group

Now that the world is partially reopening and pockets of renewed activity are bubbling up in the market, people are eager to expand their knowledge base of their tangibles with regard to acquiring insurance or passing along to its next appreciative owner.

Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Let’s explore how solar panels and other green features add value to real property.

Homebuyers Benefit for Closing in October

Appraisal Buzz

A new study has concluded that buyers who are willing to close in the month of October avoid prices well above market value. The post Homebuyers Benefit for Closing in October appeared first on DSNews. The post Homebuyers Benefit for Closing in October appeared first on Appraisal Buzz. Around The Web

The American Dream and Bias in Loans?

George Dell

So how might loan conditions affect “market value”? Is there bias in the American Dream? Do we need a “loan conditions” adjustment? Read Part 2 here. Loan conditions have nothing to do with ‘financing’ adjustments as we know them! One is local. The other is global.

Equity-Rich Properties Increase in Q3

Appraisal Buzz

of mortgaged residential properties were considered “equity-rich” meaning that the remaining balance of a mortgage was no more than 50% of their estimated market value. The most recent edition ATTOM’s U.S. Home Equity & Underwater Report for the third quarter shows that 39.5%

The invasion of institutional investors in the housing market

Sacramento Appraisal Blog

A couple weeks ago a viral story came out about a fund called BlackRock who was reported to be buying everything in sight and paying 20-50% above market value. Market update on […].

Zillow Zinged

Cleveland Appraisal Blog

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. They are excellent at marketing. My opinion of value – $345,000.

What’s Your View?

Cleveland Appraisal Blog

In the current market, those views may be light-years apart. Those experiences build emotional value in the home. People who are in the market to purchase a home, may have different motivations for doing so. This is the strongest seller’s market I have ever seen.

What Makes Buyers Overpay for Homes?

Texas Home Appraisal Blog

In the world of real estate and buyers, there seems to be a little imbalance in what the actual value of a home might be and what a buyer might be willing to pay. Buying appraisal bidding war market value overpay

What About Those Fixer-Uppers? Insights from a Seasoned Appraiser

Appraisal Buzz

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” We’re all familiar with the term “fixer-upper.”

Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. It’s one thing to pay more than market value for a home because of being in a bidding war. What about paying more than market value due to being in a bidding war?

Buyers 222

How Depreciation Works

Cleveland Appraisal Blog

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. Physical depreciation is the most common cause of loss of value. Obsolescence can cause a loss in home value.

Exposure Time Vs. Marketing Time: Helpful Info for Appraisers

Appraisal Buzz

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value.

What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008.

What’s The Size of Your Driveway?

Cleveland Appraisal Blog

If the widening of the driveway adds value, that can all be explained in the report. DOES DRIVEWAY SIZE IMPACT VALUE? For instance, in high-density neighborhoods where street parking is limited, the size of the driveway could make a difference in value. Market Slowing?

Buyers 209

Led by OSB, Lumber Products are Now Adding $30K to House Price, $92 to Rent

Eyes on Housing

According to NAHB’s latest estimates, changes in prices for softwood lumber products that occurred between April 17, 2020 and July 08, 2021 are enough to add $29,833 to the price of an average new single-family home, and $9,990 to the market value of an average new multifamily home.

Zillow: Over half of our iBuying inventory is on the move

Housing Wire

But the division produced a $421 million loss before taxes, and analysis from KeyBanc and industry analyst Mike DelPrete as well as anecdotes from real estate agents indicated Zillow paid more than market value for homes. . The company’s market cap has fallen to $13.7

Compass aims for $10B+ market valuation

Housing Wire

would give the brokerage a “fully diluted market value of $12.5 Reuters and other outlets Tuesday morning pegged Compass’s hoped-for market value at $10 billion. billion market cap. billion market value.

What's Behind the Surge in Lumber Prices? Paradoxical Reaction to Jobs Report

Appraisal Buzz

In a recent post on the National Association of Home Builder’s (NAHB’s) Eye on Housing blog, chief economist Paul Emrath said rising softwood lumber prices have added $35,872 to the price of an average new single-family home , and $12,966 to the market value of an average new multifamily home.

28,000 Reasons to Have Your Home Measured Before You List It

Cleveland Appraisal Blog

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value.