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

Cleveland Appraisal Blog

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.

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The Appraiser’s Guide to Evaluating Home Value Before You Buy

Birmingham Appraisal

Condition and Age of the Property The age and condition of a home directly impact its market value. Renovations and updates can reduce these effects by increasing a home’s market appeal and extending its lifespan. The Local Real Estate Market Understanding the dynamics of the local real estate market is essential.

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Challenging Appraisals: Strategies for Lawyers and Their Clients

Boston Appraisal

In such cases, appraisals may not reflect the true market value of the property or the fair compensation for the damages. If possible, obtain references or testimonials from previous clients or peers of the appraiser. The appraiser made adjustments to the comps that were not supported by market data or industry standards.

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Why Do Home Appraisals Cost so Much?

AmeriMac

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. A home appraisal refers to a certified appraiser’s analysis of a home’s worth. Typically banks only issue a loan up to the fair market value of a house.

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Why Do Home Appraisals Cost so Much?

AmeriMac

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. A home appraisal refers to a certified appraiser’s analysis of a home’s worth. Typically banks only issue a loan up to the fair market value of a house.

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Mortgage Term Glossary

Assurance Financial

After the introductory period ends, the rate adjusts based on the market rate on a set schedule. The first number refers to the length of the introductory period, while the second is how often the rate can adjust. Assessed Value. The assessed value is used to calculate your property taxes. Fair Market Value.

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Square footage: Ask three professionals, get three different answers.

Padove Appraisal Service

These sources include the tax assessor, the seller, or the listing agent. Tax assessors use square footage as a means of calculating an equitable taxation amount for the property. Tax assessors disclose “Total Building Area” in their public tax records. Agents seldom measure houses themselves.