Eppraisal

MAY 19, 2023

AVM (Automated Valuation Model) is a computer-generated estimate of a property's value based on data such as recent sales in the area, public records, and local market trends. This knowledge can help them provide a more accurate estimate of your home's value based on current market conditions.

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AmeriMac

DECEMBER 30, 2023

Definition and Purpose of REO Appraisals REO appraisals play a crucial role in establishing the market value of homes, especially during the foreclosure process. Mortgage lenders rely on these appraisals to determine the value of fundamental estate-owned properties, directly impacting loan amounts for refinancing.

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Clear Capital

APRIL 30, 2024

In part one of our home equity lending series , we discussed home equity lending and how lenders can use an AVM to market to home equity customers. In this second part, we’ll discuss how to meet interagency guidelines for property valuation while expediting underwriting by using ClearAVM + Property Condition Inspection (PCI).

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Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate?

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Eppraisal

SEPTEMBER 8, 2023

An AVM (Automated Valuation Model) is a computer-generated estimate of a property's value based on data such as recent sales in the area, public records, and local market trends. We treat it as a great starting point for a discussion with a real estate agent before placing your home on the market.

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Birmingham Appraisal

SEPTEMBER 26, 2023

Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. The topic of outlier sales came to mind recently when I noticed a sale in my market that was listed between two and three million dollars. There is a difference.

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Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property.

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D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Estate settlements. Valuation for insurance claims.

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D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. This will help ensure a fair market value.

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Padove Appraisal Service

OCTOBER 21, 2017

The real estate agent you are working with tells you the house is 2,200 square feet. A real estate agent’s job is to market homes. Real estate agents are required by TREND to indicate the source of Interior Square Footage reported in their MLS listings. Who’s right?

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D Fritz Appraisals

SEPTEMBER 19, 2019

A home or house appraisal is a third-party report written by a professional appraiser who visits the property and does market research to analyze how much the house is worth in today’s market. An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home. local markets.

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Housing Wire

JANUARY 3, 2023

It may be that many of the loan originators and real estate agents calling for major changes to the VA appraisal process are be those with the least amount of first-hand experience with the VA product. However, in several rural markets there is failure to meet this standard as appraisers may not even accept the order for weeks.

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Cleveland Appraisal Blog

SEPTEMBER 3, 2021

(MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. Real estate agents are typically the individuals who provide information in the MLS. Of course, we also try to verify this information by calling the listing agent.

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AmeriMac

JANUARY 15, 2024

They consider various factors such as the property’s size, condition, location, and comparable sales data to determine its market value. The home appraisal process involves a thorough inspection of the property, analysis of market conditions, and the creation of a comprehensive appraisal report.

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The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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Robinson Appraisal Group

JULY 18, 2019

A hybrid appraisal is a valuation completed by a Licensed/Certified appraiser that is very similar to a desktop appraisal. The hybrid appraisal is designed so the appraiser can complete the valuation in 30–60 minutes. Fast and cheap… doesn’t sound too reliable when you break it into simple terms.

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AmeriMac

JANUARY 19, 2021

Here what you should do is sit down with your real estate agent and review the homes your appraiser deemed similar. Essentially, the point is to compile a list of important things your real estate agent agrees you should add. After all, listing your improvements is a proven way to market your home better.

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Appraisal Partners Blog

OCTOBER 20, 2019

Real estate professionals may look at a quick overview of what all of the properties in an area have sold for on a price per square foot basis in order to determine a value range for the market they are in. Lets look at why valuing property based on price per square foot is not a recommended practice.

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Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. But with obstacles in the way for many, lenders need to stay updated on market trends and understand how every part of the homebuying journey might be impacted. That’s where you, the lenders, can step in and help.

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Town & Country Residential Appraisals

JUNE 6, 2022

It works the same with performing real estate appraisals. I’ve gone back through my files and found that since starting my business in 2009, I have performed over 6,200 valuations for all kinds of clients: lenders, lawyers, accountants, home owners, estates, real estate agents, etc.

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Birmingham Appraisal

FEBRUARY 8, 2023

For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes. I’ve been an appraiser for over thirty years and I’ve been a business owner for 24 years so I know the importance of being competitive and adjusting to the market.

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Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. It never did, said Ms.

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Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. It never did, said Ms.

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AmeriMac

SEPTEMBER 15, 2023

Understanding the Importance of Appraisal in Real Estate Appraisal plays a crucial role in the real estate industry, determining the market value of a property. Mortgage lenders rely on appraisals to assess the value of a property for financing purposes.

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PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

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Will Springer Realtor

OCTOBER 19, 2021

Enter the appraiser, someone who has probably never visited the property – or possibly even the neighborhood – and who will use his/her expertise to develop a valuation on the home. housing market is 7% of all mutually accepted contracts. The appraiser expects the home to be empty of animals, occupants and real estate agent/brokers. (He/she

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Contracts Appraisal Sellers Real Estate Agent 41

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? My experience in completing appraisals for properties that have been sold without the professional expertise of a real estate professional is that the selling price is often lower than the value.

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Housing Wire

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. Circle prospecting requires a combination of interpersonal skills, local market knowledge, and often, patience. Offering value Providing value is crucial in circle prospecting.

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Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. People who are willing to spend tens of thousands more than the market will really support, seem to be speculating that things will continue as they are.

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Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. The appraiser is given the contact information, which is usually the real estate agents involved, to schedule the appointment and gain access to the property.

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Cleveland Appraisal Blog

MARCH 4, 2021

Last week, a real estate agent asked me about how appraisers adjust for age. There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. Birmingham Real Estate: 2019 vs 2020 – Birmingham Appraisal Blog.

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McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Loan officers are typically looking for an assessment of the condition of the house and a rough market value to put on the mortgage documents. Homeowners may have questions about the appraisal process itself and may ask the appraiser for tips on how to improve the valuation. Ascertain the appraiser’s knowledge of the area.

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Quicken Loans

JUNE 3, 2021

markets, but they’ve been steadily expanding. They seem to choose areas where the market is highly active and filled with more homogenous properties in the $250,000 range. Because iBuyers allege that they only make fair market offers on properties, they don’t negotiate their offers. iBuyers aren’t active in all U.S.

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Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.

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Padove Appraisal Service

FEBRUARY 6, 2018

A discussion of comparable sales begins with an explanation of why this approach is used in the valuation of real estate. Comparable sales reflect actual market reaction to similar residences, offering insight into anticipated market reaction to the property being appraised. Market conditions can change quickly.

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Real Estate Appraisal Sellers Market Value 78

Housing Wire

MAY 25, 2021

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.

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