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.

Diving into Market Value in 2022

Appraisal Buzz

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. How has this pandemic shaped the market value?

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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

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.

Growth of Household Real Estate Market Value Slows in Q2

Eyes on Housing

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.

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 – What to Expect in 2022

Appraisal Buzz

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. How has this pandemic shaped the market value?

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: Who Says What It Is?

Appraisal Buzz

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. The post Market Value: Who Says What It Is?

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 Value: Who Says What It Is?

McKissock

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. We need to explore who the most likely market participants might be.

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.

Real Estate Market Values Spike in the Second Quarter

Eyes on Housing

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.

Bias in the (Transaction) Zone?

George Dell

Yet our definitions of value nearly all define a “most probable” price. Bias Market Value bias market valueThe transaction zone is a range within which a sale price might occur.

Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? 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.

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

Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

It’s tax appeal season and I’ve had several homeowners say that they feel their neighbors are negatively impacting the value of their home for different reasons. Could being located next to a property that is an eye-sore cause a loss in market value to your home?

Why Price Indexing?

George Dell

Market-specific price indexing is powerful and underused! It enables an objective market analysis. Market Price Indexing (MPI)© […]. Appraiser Market Price Or Market Value Series ComparablesIt improves accuracy and precision of appraisals.

Choosing comps in a lopsided market

Sacramento Appraisal Blog

How do we choose comps in such a lopsided market? I had a great question about this recently, so I wanted to share some thoughts. Anything to add? I’d love to hear your take in the comments.

What is Market Conditions?

George Dell

The conditions of the market, in real estate, means the relationship between supply and demand. In such cases, forecasting may also be important where build-out and rent-up times affect value. The post What is Market Conditions?

Appraisal Value vs. Market Value: What is the Difference?

Mashvisor

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

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.

Why Hire an Eminent Domain Attorney?

Appraisers Blog

Appraisal Appraisal News Appraisers News appraisal news compensation expert witness Fair Market Value highest and best use market valueTaking private property for public use is one of the most powerful government actions under the constitution.

Law 79

Market Conditions Analysis: Should GSEs Require It?

George Dell

Per FreddieMac (Scott Reuter, Chief Appraiser)[1] recently stated: “Appraisers need to spend time on developing a market conditions analysis in the appraisal. The post Market Conditions Analysis: Should GSEs Require It?

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?

ASC Blaming Appraisers

Appraiserblogs

The Appraisal Subcommittee, because they were directed to do so, has produced a report, which frankly and explicitly lays the blame for low market values of homes in ‘communities of color’ directly at the feet of independent appraisers involved with mortgage lending.

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

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

Eminent Domain Attorney Review

Appraisers Blog

Attorneys representing property owners and appraisers responsible for documenting the value of the property being taken often work together in an eminent domain case. How Does an Eminent Domain Attorney Critique and Review An Appraisal Upon Which His Client’s Just Compensation Is Based?

Legal 69

New Suspicious Law in CA

Appraiserblogs

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

Law 97

Violating Appraisal Independence Through Harassment, Intimidation & Coercion

Appraisers Blog

Low Appraised Value = Racial Bias? When the appraised value didn’t meet the sale price, the first assumption was that the appraiser conspired to lower the….

A Push to Artificially Raise Property Values

Appraisers Blog

Now the effort is AGAIN to have ‘us’ artificially raise property values. The post A Push to Artificially Raise Property Values appeared on Appraisers Blogs. But the push this times seems to be “only for certain people.

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.

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 […].

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.

Arm’s Length or Another Type of Sale? The 7 Sale Types Explained

McKissock

Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value. Remember, in general, market value is defined as the most probable price a property should bring in a competitive and open market.

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

McKissock

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.” There could be such a buyer out there, but is that the market?

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.