Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

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Investing Renovations Development Construction 450

Housing Wire

JANUARY 4, 2022

The business started buying homes in a few southern markets such as Orlando, Florida, and Birmingham, Alabama, and recently moved into Midwest markets including Indianapolis. billion market value. billion market value. The company plans to expand into additional markets in 2022.

Logistics 441

Logistics Renovations Market Value Real Estate 441

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. I have read some comments in the MLS, that state that a home had been completely renovated. However, when I looked at the photos, the home may have not been renovated.

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Agents Appraisal Renovations Development 374

Cleveland Appraisal Blog

MARCH 25, 2023

Having had our kitchen gutted and remodeled a couple of years ago, I can honestly say that I had not thought about this question before our renovation. Also, if you are planning on doing a complete gut renovation of your kitchen, it is best to go for a larger dumpster, as the amount of debris generated will be significant.

Supply Chain 280

Supply Chain Renovations Appraisal Market Value 280

Housing Wire

SEPTEMBER 19, 2023

Inspecting the interior of the home is a priority in an accurate appraisal, as doing so verifies any renovations completed within the home. However, the appraiser can still get a good idea of a home’s value if they’re unable to get inside. At this point, an estimated market value is generated.

Real Estate 450

Real Estate Appraisal Agents Inspection 450

Cleveland Appraisal Blog

JUNE 25, 2021

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. Even if they are completely renovated, they are still not considered to be new. In a word, depreciation.

Market Value 244

Market Value Appraisal Marketing Buyers 244

Housing Wire

NOVEMBER 10, 2020

The “yes” vote also means that inherited homes not used as principal residences may be reassessed at market value when transferred. The “yes” vote also helps Habitat for Humanity itself, allowing the company to save on operating costs while funneling money toward renovation projects, and adding to the local tax revenue.

Real Estate 450

Real Estate Property Taxes Development Renovations 450

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CW : At Reverse Mortgage Funding , education has always been a number-one priority.

Mortgage 397

Mortgage Clients Insurance Tools 397

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Going for an as-is home sale eliminates the need for a lengthy renovation process. Moreover, buyers sometimes prefer to renovate the home according to their taste.

Renovations 221

Renovations Buyers Appraisal Investing 221

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). At the end of Q2, the average U.S. a year earlier.

Lending 432

Lending Home Value Mortgage Renovations 432

Eppraisal

OCTOBER 31, 2023

 Better yet, use a real estate agent to do a comparative market analysis and calculate your home’s value impartially. Appraisal Mortgage lenders use home appraisal reports to make credit decisions, so hiring an appraiser can help you learn about your home’s current market value more objectively.  This

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Cleveland Appraisal Blog

DECEMBER 10, 2022

Therefore, when making any renovations to increase your home’s worth, always keep in mind that potential buyers may have very different tastes from you. Not only that this will help you boost the value of your home but it will also help you attract buyers and sell it quicker. 4 The address suffix. 6 Overuse of carpeting.

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Appraisal Buyers Renovations Investing 298

East Coast Appraisal

AUGUST 11, 2022

Home Appraisal Value Is the Same as Market Value. The appraised value of a property is different from the market value. The market value is what a buyer is willing to pay and what a seller is willing to accept for a property. Indeed, the appraised value can determine the market value.

Real Estate 52

Real Estate Appraisal Renovations Market Value 52

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. What’s the difference between a newly constructed home and a hundred-year-old home?

Appraisal 279

Appraisal Development Market Value Tenants 279

Hank Miller Team

JULY 6, 2023

Rookie investors make rookie mistakes; overpaying, underestimating repairs, poor project management, overestimating finished market value and a thousand other things. The residents of this town home ignored routine maintenance for years, it needed extensive renovation. Here's an example.

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Decorating Renovations Project Management Inspection 52

PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely. It depends.

Home Improvement 36

Home Improvement Renovations Investing Inspection 36

McKissock

DECEMBER 21, 2021

Choosing an unconventional method to market your luxury home can help a property spend fewer days on the market. Even in a tough market, selling a luxury home at a fair price point is possible when you think outside the box. After all, unusual homes should be marketed in unusual ways. Send out stunning property brochures.

Marketing 86

Marketing Decorating Buyers Training 86

Cleveland Appraisal Blog

JULY 22, 2021

My family and I are in the midst of a first floor renovation, whilst caring for my wife as she continues to recover from her broken ankle, as I mentioned in my last post. Going through a major renovation helps me to appreciate some of the great points made here. . Tackling Electrical Projects.

Renovations 243

Renovations Appraisal Home Improvement Client Relationships 243

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.

Real Estate 36

Real Estate Appraisal Inspection Appraisal Process 36

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The retail housing market data, released by Redfin at the end of June, shows the median asking price for newly listed homes for sale in the four weeks ending June 26 dropped 1.5%

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Housing Market Buyers Marketing Retail 410

Lamacchia Realty

AUGUST 12, 2021

Fixer-uppers tend to be popular among real estate investors as well as first-time homebuyers as they present an opportunity to buy below market value. By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster. How Much Time Do They Take to Renovate?

Renovations 69

Renovations Finance Inspection Buyers 69

Lamacchia Realty

APRIL 17, 2024

If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. While some sellers may renovate a bathroom or do small improvements to make the home feel new , don’t overlook the power of a fresh hardwood floor. Investing in hardwood represents a commitment to long-term appeal.

Home Value 66

Home Value Buyers Realtors Realty 66

Lamacchia Realty

APRIL 10, 2024

How this can Decrease Value : Functionality and condition are two big factors when it comes to determining whether the shed or garage will add or take away value from the home. Renovation Projects How this can Increase Value : When it comes to renovation projects , there are two directions you can take.

Law 68

Law Buyers Renovations Decorating 68

Cleveland Appraisal Blog

FEBRUARY 11, 2022

The appraiser’s market analysis was not supportable, nor were the sales that they choose to use to compare to the property being appraised. The appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. The market value is what it is.

Appraisal 221

Appraisal Market Value Clients Design 221

Chicagoland Appraisal Blog

MAY 13, 2021

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. The Value of a Home Appraisal.

Appraisal 88

Appraisal Renovations Home Value Real Estate 88

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. Click below to sign up or learn more.

Appraisal 309

Appraisal Law Development Valuation 309

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

Marketing 410

Marketing Real Estate Agent Clients Tools 410

Boston Appraisal

NOVEMBER 6, 2020

The home had been recently renovated and was in great condition. That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. The lender hired the appraiser as an independent third-party to provide a non-bias estimate of value. The Case File.

Appraisal 148

Appraisal Market Value Real Estate Sellers 148

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

Appraisal 79

Appraisal Appraisal Process Renovations Market Value 79

McKissock

JANUARY 31, 2023

We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.” ” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “That we research value, we do not assign it.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Lamacchia Realty

DECEMBER 3, 2021

Pricing a home is very tricky and the timing of the market picking up or slowing down makes it even harder. The fact is, if the list price for a home isn’t based on the current market value of the home, it will sit on the market for a long time. Myth #2: A Home’s Assessed Value is the Same as the Market Value.

Market Value 69

Market Value Sellers Property Taxes Investing 69

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

McKissock

OCTOBER 12, 2021

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.” In nine months of market exposure, in this very hot real estate market, there have been no offers.

Appraisal 84

Appraisal Market Value Investors Buyers 84

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.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Inspection 36

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

If you plan on selling your home, you have two options- either contract a real estate agent to properly help you price and market the home or get an appraisal so that you can maximize your income from the sale. When you are a cash buyer you definitely want to get an appraisal.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

AmeriMac

APRIL 30, 2024

Understanding the basics of commercial appraisals, similar to those used in residential real estate, is crucial for navigating the commercial real estate market, as well as the importance of residential appraisals in the buying and selling of homes. What Exactly Is a Commercial Appraisal?

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

APRIL 15, 2024

A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property. Understanding Home Appraisals A home appraisal is an official estimate of the fair market value of a home conducted by a licensed and impartial professional appraiser.

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Appraisal Appraisal Process Real Estate Renovations 36