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.

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Market Value Appraisal Agents Real Estate Agent 350

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. Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. In addition, selling as-is is the norm in some real estate markets.

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Renovations Buyers Appraisal Investing 221

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. Question 1: What is a commercial real estate appraisal? So, why do you need a commercial real estate appraisal?

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Real Estate Appraisal Property Appraisal Valuation 60

McKissock

JUNE 27, 2021

Real estate professionals in the commercial industries know that markets can change dramatically in the course of just a few years. Some commercial real estate niches floundered and others flourished over the past year, depending on how different industries were hit by the pandemic. . growth over 2019 values.

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Real Estate Investing Retail Tenants 59

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. Your offer will only become legally binding if the seller signs it.

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Real Estate Agent Sellers Inspection Real Estate 69

Boston Appraisal

NOVEMBER 6, 2020

The home had been recently renovated and was in great condition. But what could be the cause of the lower than anticipated value? Reason #1: The Range of Value. The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price.

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Appraisal Market Value Real Estate Sellers 148

Glascock Company

DECEMBER 11, 2020

While there are plenty of benefits to both, there is one alternative that could flip the sale faster and without much stress on you as the seller. Auctions are one of the most expedient ways to sell real estate (both commercial and residential) while still allowing the seller to maintain total control over the transaction.

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Sellers Inspection Real Estate Buyers 78

McKissock

OCTOBER 3, 2021

Mashvisor provides a real estate analytics tool that helps real estate investors quickly find traditional and Airbnb investment properties. . One of the best aspects of real estate investing is the variety of options that you can choose from. Wholesaling real estate as an investment strategy.

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Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. The late, famed Seattle architect, Ralph D.

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Appraisal Real Estate Real Estate Agent Contracts 75

AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. These evaluations have a central feature in any significant sales negotiations made within the real estate industry.

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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.

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Appraisal Renovations Home Value Real Estate 88

AmeriMac

APRIL 30, 2024

Commercial real estate appraisals are an integral part of buying or selling commercial properties. These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area.

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Appraisal Appraisal Process Valuation Real Estate 36

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

When you are the seller of a FSBO (For Sale By Owner). 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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Appraisal Renovations Real Estate Valuation 50

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.

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Home Value Buyers Realtors Realty 66

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. By mastering how to order a home appraisal quickly, you can ensure a smooth and efficient process in your real estate endeavors.

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Appraisal Appraisal Process Real Estate Renovations 36

Realtor

MAY 10, 2018

Problem is, in the same way you all squabbled over who had the better bedroom or more toys growing up, you may find yourself embroiled in a whole new kind of family feud as you attempt to unload this baggage-laden piece of real estate. If the renovations are easy and can nab a higher asking price, do them.

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Real Estate Agent Renovations Real Estate Agents 85

Boston Appraisal

NOVEMBER 6, 2020

The home had been recently renovated and was in great condition. But what could be the cause of the lower than anticipated value? Reason #1: The Range of Value The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price.

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Appraisal Market Value Sellers Real Estate 78

Realtor

MAY 10, 2018

Problem is, in the same way you all squabbled over who had the better bedroom or more toys growing up, you may find yourself embroiled in a whole new kind of family feud as you attempt to unload this baggage-laden piece of real estate. If the renovations are easy and can nab a higher asking price, do them.

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Real Estate Agent Renovations Real Estate Agents 78

PennyMac

OCTOBER 10, 2023

A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration.

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Appraisal Real Estate Agent Renovations Home Value 69

McKissock

OCTOBER 12, 2021

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.”

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Appraisal Market Value Investors Buyers 84

Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What if the home doesn’t appraise for the contract value? Some people confuse a real estate appraisal with a home inspection. An appraisal is seeking value.

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Real Estate Appraisal Inspection Contracts 28

AmeriMac

SEPTEMBER 30, 2023

Relocation appraisal is the process of evaluating a property’s value in the real estate market. It plays a crucial role in today’s real estate market, especially for employees and employers involved in workforce mobility. Market analysis is conducted to compare it with similar properties.

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Appraisal Appraisal Process Real Estate Human Resources 36

AmeriMac

JANUARY 15, 2024

One crucial step in the real estate process is getting a home appraisal. Understanding the Role of a Home Appraiser Before we delve into the process of finding a home appraiser, let’s first understand the role they play in the real estate industry. Are you planning to buy or sell a property?

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Appraisal Appraisal Process Valuation Real Estate 36

Realtor

AUGUST 1, 2018

A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems. You might not be able to use your FHA loan for renovations. No biggie, right?

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Inspection Insurance Buyers Renovations 136

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. Our opponents have carefully framed their questions to bring to the forefront any potential racial biases on the part of appraisers and real estate appraisal in general.

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Appraisal Contracts Real Estate Architecture 72

AmeriMac

JULY 15, 2021

This dramatic increase in value affects home appraisals, which is good news for both buyers and sellers. Neighborhood sales of comparable homes, known as “comps” in the real estate industry, is a key component used to figure fair market value of a property.

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Appraisal Sellers Real Estate Buyers 36

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.

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Marketing Real Estate Agent Clients Tools 404

McKissock

DECEMBER 21, 2021

A little bit of friendly competition encourages bidders to commit to properties they love, which increases the chances of your home selling at market value or above. Selling through an auction cuts out a number of tedious tasks and keeps the sale process on the seller’s terms. Stage it professionally.

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Marketing Decorating Buyers Training 86

Town & Country Residential Appraisals

SEPTEMBER 29, 2019

They’re an adorable couple, but sometimes we cringe at the real estate statements that come out of their mouths - and they are some of the better ones on HGTV. A “dream home'“ is often code for “over improvement for the neighborhood,” and typically see lower market values compared to their costs.

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Renovations Market Value Valuation Appraisal 46

AmeriMac

JANUARY 19, 2021

Typically, sellers don’t have access to this. Here what you should do is sit down with your real estate agent and review the homes your appraiser deemed similar. Renovating your kitchen, bathroom, or bedrooms. However, the downside is that it doesn’t guarantee a different nor higher market value of your house.

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Appraisal Real Estate Agent Market Value Real Estate 36

Realtor

AUGUST 1, 2018

A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems. You might not be able to use your FHA loan for renovations. No biggie, right?

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Inspection Insurance Buyers Renovations 78

AmeriMac

APRIL 11, 2022

Before you can begin the process of becoming a home appraiser, it’s important to understand why this is such an important part of the real estate process in the first place. Essentially, a home appraiser is an impartial third party who comes in during a real estate transaction.

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Appraisal Real Estate Renovations Training 36

Listing Spark

MARCH 15, 2022

Check out our home-seller checklist which will guide you through your home sale from pre-listing to contracts and closing. How to improve your appraised value. Don’t do any major renovations or updates before the appraisal. Major renovations or updates before the appraisal can hurt a home’s value.

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Appraisal Renovations Contracts Buyers 36

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Estate Planning You can use appraisals for multiple purposes when it comes to estates and estate planning.

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Appraisal Property Taxes Real Estate Market Value 145

Town & Country Residential Appraisals

JANUARY 27, 2020

Why are real estate agents among the top 10 most hated professions? This house just had a total facelift: Loosely translated, it means the seller painted everything. This house will go fast: Might have been believable in the first 30 days on the market, but not anymore. Where is the standard?

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Home Value Decorating Agents Investors 36

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.

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Housing Market Marketing Reconsideration of Value Contracts 367

Berkshire Hathaway

AUGUST 30, 2022

Successful real estate negotiation begins by knowing what you are looking for exactly. Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations?

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