George Dell

NOVEMBER 22, 2022

Editor’s Note: Is the Definition of Market Value Outdated? Why has the current definition of market value been around without change for so long? The post Is the Definition of Market Value Outdated? is a Guest Post from Bruce Hahn, SRA, MAI, CRE, CCIM. Many decades in fact!

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Appraisal Buzz

NOVEMBER 24, 2021

The post How Appraisers are Handling Market Value appeared first on Appraisal Buzz. Have any comments or would you like to submit content of your own? Become an Appraisal Buzz Forum Premium Member and comment below or email comments@appraisalbuzz.com.

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Appraisal Market Value Marketing 370

Appraisal Buzz

JUNE 15, 2021

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. How exactly are market value and sales price different?

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Market Value Appraisal Marketing Real Estate 370

George Dell

MAY 19, 2021

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? The Appraisal Foundation opinion goes on for a full page to explain the explanation of the definition, and the importance of […].

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Market Value Marketing Appraisal 195

George Dell

MAY 5, 2021

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? appeared first on George Dell, SRA, MAI, ASA, CRE.

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Market Value Marketing Appraisal Sellers 195

Appraisal Buzz

JANUARY 19, 2022

In today’s Buzzcast, we dive into market value and how appraisers are moving forward in the new year. We’ll be getting the inside scoop while they discuss market value and this upcoming year in the industry. What are the important issues regarding market value that lie ahead in the year 2022?

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Market Value Appraisal Marketing 195

George Dell

NOVEMBER 10, 2021

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”! To measure it, we must first know what it is.

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Market Value Marketing Appraisal 195

Appraisal Buzz

DECEMBER 14, 2021

The post Market Value: Who Says What It Is? Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection. On the way he needed to drop off an appraisal report to a lender client. He handed the report to his client. appeared first on Appraisal Buzz.

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Market Value Property Appraisal Appraisal Marketing 195

Eyes on Housing

SEPTEMBER 22, 2022

1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter. The market value of owner-occupied real.

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Real Estate Market Value Marketing Mortgage 166

Inman

FEBRUARY 22, 2023

In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession.

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Market Value Real Estate Marketing Home Value 147

JMV Lending

AUGUST 11, 2023

Rates shot up because of Fed comments about inflation concerns yesterday and because of a higher-than-expected Producer Price Index print […] The post How Much Power Do Appraisers Have Over Market Values? Holy Rate Volatility, Batman! appeared first on JVM Lending.

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Appraisal Market Value Marketing Lending 78

Riverfront Appraisals

APRIL 20, 2023

You go to list […] The post FAQ #16: What Can I Do To Increase My Home’s Market Value? Realtors, you’ll also benefit from this post because I’m sure you get asked that all the time as well! appeared first on Riverfront Appraisals.

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Market Value Appraisal Realtors Inspection 116

Eyes on Housing

JUNE 11, 2021

1 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. The latest results from the Federal Reserve’s Z.1

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Real Estate Market Value Marketing Mortgage 185

Eyes on Housing

SEPTEMBER 24, 2021

1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that in the second quarter of 2021 the aggregate market value of all owner-occupied real estate in the United States registered the largest quarterly increase in the last 21 years of data. The latest Federal Reserve Z.1

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Real Estate Market Value Marketing Mortgage 159

Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Market Value Real Estate Agent Real Estate Marketing 73

Riverfront Appraisals

JANUARY 13, 2023

If you’ve been following me for any length of time, you know I’ve talked a lot about market value. Way too many people still think that market value is simply what a buyer is willing to pay for a property. […]. The post FAQ #2: What’s the Difference Between Appraised Value and Market Value?

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Appraisal Market Value Marketing Buyers 78

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”. .”

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Market Value Appraisal Property Appraisal Marketing 80

Housing Wire

SEPTEMBER 8, 2023

This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. Future ARV (after-remodeled value): The projected market value post-renovations.

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Real Estate Agent Real Estate Agents Renovations 392

Cleveland Appraisal Blog

JULY 20, 2022

It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

AUGUST 4, 2023

The arrangement, codified in a memorandum of understanding (MOU) signed by both departments, establishes an arrangement to sell federal lands to the state at a rate of $100 an acre, far below the land’s market value.

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Government Land Management Market Value Construction 370

Mashvisor

DECEMBER 24, 2021

Whether you’re selling or buying an investment property, its appraisal value vs. market value is something you’re bound to wonder about. How appraisal value vs. market value might affect the…

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Appraisal Market Value Marketing Investing 51

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. Probably not.

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Appraisal Market Value Real Estate Agent Agents 350

Eyes on Housing

SEPTEMBER 12, 2023

1 Financial Accounts of the United States indicates that the market value of households’ real estate assets increased over the quarter. Low existing for-sale inventory helped to increase real estate value after falling for three consecutive quarters. The second quarter of 2023 release of the Z.1 trillion from $42.07

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Real Estate Market Value Inventory Marketing 148

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. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Appraisal Buyers Market Value Real Estate 418

George Dell

AUGUST 9, 2023

How do you measure “close enough” to a market value? We have standards you know! Editor’s Note: This is Standards, part 3.10 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Valuation is numbers. Some numbers are numbers, like building SqFt.

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Valuation Market Value Marketing Appraisal 195

Valuation Review

FEBRUARY 22, 2023

The dollar value for commercial real estate caps show a rise. smallcap #commercialrealestate #BoxwoodMeans #article

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Market Value Real Estate Marketing 60

Appraisal Buzz

JULY 18, 2022

In Lancaster City, for example, we must be weary that any sale going under agreement in less than 2 weeks in the current market is reflective of “market value.” The post Market Correction or Seller Panic? These concepts are what appraisers refer to as the relationship between “exposure time” and “conditions of sale.”

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Sellers Marketing Appraisal Mortgage 435

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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Sellers Buyers Real Estate Appraisal 321

Sacramento Appraisal Blog

JUNE 21, 2021

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 […]. Let’s talk about this as well as other institutional investors right now. This is a longer post, so scroll topics (or digest slowly).

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Investors Housing Market Marketing Market Value 395

Housing Wire

AUGUST 28, 2023

It’s] essentially redlining — neighborhoods of predominantly people of color are given lower market value,” said one non-appraiser respondent. By contrast, among non-appraisers, 1% said bias and discrimination was a challenge.

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Appraisal Property Appraisal Mortgage Realtors 369

Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. That can have a big impact on market value. Not professional appraisers.

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Appraisal Property Appraisal Mortgage Real Estate 354

Housing Wire

JULY 21, 2021

of the property’s 2021 estimated market value (assuming good condition), but the subsequent resale price was 101.2% of the 2021 estimated market value. This 38-percentage-point lift in value implies extensive renovations between distressed purchase and resale — which was an average of 262 days.

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Real Estate Investors Home Value Buyers 475

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often?

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Appraisal Buyers Real Estate Market Value 448

Housing Wire

AUGUST 7, 2023

Department of Housing and Urban Development to acquire federal land in the Las Vegas metropolitan area at a per-acre rate well below the land’s market value with the intention of developing it into additional housing units. Last week, the State of Nevada entered into an agreement with the U.S.

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Development Market Value Law Government 305

Cleveland Appraisal Blog

OCTOBER 12, 2022

In most cases, my clients looked at sales on Zillow and were of the opinion that my opinion of their property’s market value was too high. So, I wanted to discuss some things to keep in mind when looking at sales on Zillow to try and figure out a property’s market value.

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Appraisal Market Value Clients Marketing 334

Housing Wire

JANUARY 9, 2023

Home price correction likely nationwide and in majority of markets. Foreclosure auction buyers on the Auction.com platform purchased at an average discount of 29% below estimated “as-is” market value in the fourth quarter of 2022, up from 23% in the third quarter and up from a pandemic low of 9% in the first quarter of 2021.

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Sellers Buyers Housing Market Retail 462

Mortgagebroker News

NOVEMBER 3, 2022

CMP caught up with Alta West Capital recently in Vancouver

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