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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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Zillow: Over half of our iBuying inventory is on the move

Housing Wire

But the division produced a $421 million loss before taxes, and analysis from KeyBanc and industry analyst Mike DelPrete as well as anecdotes from real estate agents indicated Zillow paid more than market value for homes. . The over 50% inventory being moved is more than half of the 18,000 number, a company spokesperson said Thursday.

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Zillow to kill its iBuying program

Housing Wire

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. By close of the market Tuesday, the company’s stock price had tumbled 12% during the day, trading at $87.20

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How to Enhance Commercial Property Value Prior to Appraisal

Valcre

Appraisal of a commercial property refers to the assessment of the property’s fair market value. Appraisal of commercial properties can be a daunting task as appraisers come in multiple times to check the property and hold several discussions with stakeholders to determine its value.

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Equity jumps for Black homeowners, but problems remain

Housing Wire

The brokerage calculated home-equity gains throughout 2020 for each neighborhood type for homeowners who purchased a home anytime during 2019, using January 2021 Redfin Estimates as a proxy for current market value. The terms “Black homeowner,” “white homeowner,” etc.

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Seattle’s already-hot real estate market is exploding

Housing Wire

The number of days on the market before an offer is accepted is usually six days, and everyone knows it’s going to sell above market value.” For reference, a recent study from the National Association of Home Builders found that lumber prices are adding an average of nearly $36,000 to the cost of a new build.

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Historical Properties and Their Unique Appraisal Approaches

Boston Appraisal

Targeting the Most Likely Buyer The niche market for historical properties typically comprises buyers who value historical preservation and authenticity. Understanding the unique appeal of these properties to such buyers is crucial in accurately determining their market value.

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