George Dell

APRIL 5, 2023

Editor’s Note: This is Part 3 of Bruce Hahn’s series on Is the Definition of Market Value Outdated? In Part One and Part Two we asked why the current definition of market value has been around without change for so long? Part III appeared first on George Dell, SRA, MAI, ASA, CRE.

Market Value 195

Market Value Marketing 195

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Editor’s Note: Is the Definition of Market Value Outdated?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 The post Is the Definition of Market Value Outdated?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!

Market Value 195

Market Value Marketing 195

George Dell

MARCH 29, 2023

In Part One we asked why the current definition of market value has been around without change for so long? We focused on item 4 in the current definition of market value which says: “payment is made in terms of cash in U. Part II appeared first on George Dell, SRA, MAI, ASA, CRE.

Market Value 195

Market Value Marketing 195

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?

Market Value 370

Market Value Marketing Appraisal 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 […].

Market Value 195

Market Value Marketing Appraisal 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.

Market Value 195

Market Value Marketing Appraisal 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?

Market Value 195

Market Value Marketing Appraisal 195

Appraisal Buzz

DECEMBER 14, 2021

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? On the way he needed to drop off an appraisal report to a lender client.

Market Value 195

Market Value Marketing Property Appraisal Clients 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.

Market Value 170

Market Value Real Estate Marketing Mortgage 170

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.

Market Value 137

Market Value Marketing Real Estate Home Value 137

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

Market Value 192

Market Value Real Estate Marketing Mortgage 192

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

Market Value 165

Market Value Real Estate Marketing Mortgage 165

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.

Market Value 116

Market Value Inspection Marketing Realtors 116

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?

Market Value 78

Market Value Appraisal Marketing Buyers 78

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.

Market Value 78

Market Value Appraisal Marketing Lending 78

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.

Market Value 74

Market Value Marketing Real Estate Agent Real Estate 74

Inman

SEPTEMBER 27, 2023

The value of U.S. housing has reached a new peak of slightly under $52 trillion in the past year and is up 49 percent from the start of the pandemic, according to Zillow. Gains were driven in large part by an increase in new construction.

Market Value 167

Market Value Housing Market Construction Marketing 167

McKissock

DECEMBER 14, 2021

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. ” He went on to explain how the market had said that, placing all the blame on that darned old market.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

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).

Investors 370

Investors Housing Market Marketing Market Value 370

Cleveland Appraisal Blog

JULY 20, 2022

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. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always.

Appraisal 397

Appraisal Market Value Contracts Buyers 397

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…

Market Value 68

Market Value Appraisal Marketing Investing 68

Housing Wire

MARCH 23, 2021

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. Realogy has more than double Compass’s market share (and endured its own $356 million loss in 2020) but traded at $15.09 billion market cap.

Valuation 313

Valuation Marketing Brokerage Market Value 313

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says.

Housing Market 368

Housing Market Renovations Marketing Retail 368

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.

Real Estate Agent 369

Real Estate Agent Tools Real Estate Agents 369

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. Appraising real estate in a fast-changing market. In a market that moves as quickly as ours is, often that can be too old. months less than what it was in 2019.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

JANUARY 23, 2024

With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said. Terms of the deal were not disclosed.

Valuation 414

Valuation Market Value Clients Government 414

George Dell

OCTOBER 25, 2023

An appraiser’s job is to reflect the market. A couple of questions: What is “the” market? Micro thinking is under the assumption that the buyer is buying for personal use – […] The post Market Crash Adjustment? And how do I reflect? I like to divide consumer behavior into two thought patterns: Micro and Macro thinking.

Marketing 195

Marketing Buyers Market Value Appraisal 195

Housing Wire

APRIL 19, 2024

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. About 10.7%

Luxury Properties 424

Luxury Properties New Listings Buyers Housing Market 424

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.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

George Dell

FEBRUARY 1, 2023

Market, the word, is used over 2500 times in The Appraisal of Real Estate. Market” must matter! Market” has two main meanings which correspond to the definitions in The Dictionary of Real Estate Appraisal. One is a system to bring […] The post Market Target? But what is it?

Marketing 195

Marketing Real Estate Appraisal Market Value 195

Housing Wire

MAY 18, 2021

“I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. It’s just a crazy competitive market.” They’re even waiving appraisals.

Real Estate 430

Real Estate Marketing Real Estate Agent Agents 430

Appraisal Buzz

JULY 23, 2021

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. The post Exposure Time Vs. Marketing Time: Helpful Info for Appraisers appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Marketing Market Value Development 195

Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market.

Marketing 449

Marketing Mortgage Supply Chain Inventory 449

Appraisal Buzz

FEBRUARY 3, 2022

Home Equity & Underwater Report for the fourth quarter shows that nearly half 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.

Marketing 195

Marketing Market Value Mortgage Appraisal 195

Housing Wire

JANUARY 24, 2024

By definition, a lowball offer is an offer that is significantly below market value. Asking price and market value are not always the same thing. Determine if the listing is priced correctly Determine the actual market value of the subject property. If so, it may be time for a strategy change.

Buyers 422

Buyers Sellers Agents Counter Offer 422

Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised. That’s okay.

Appraisal 406

Appraisal Market Value Real Estate Clients 406

Sacramento Appraisal Blog

FEBRUARY 8, 2022

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. QUESTION: With so many listings receiving offers above list, and people having to pay the shortfall between the […].

Marketing 316

Marketing Market Value Appraisal 316