Appraisal Buzz
JULY 18, 2022
This might manifest itself with lower offers that are acceptable to the seller, but price isn’t the only aspect of a transaction. I believe buyers may actually be able to take advantage of the perception of a volatile market right now. Sellers are panicking right now which is almost always an opportunity for buyers. 1] [link].
Appraisal Buzz
MAY 20, 2024
A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Interest rates impact the housing market significantly — demand can rise or fall any time they go up or down. You can pull the comps on it for reference.
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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.
Housing Wire
FEBRUARY 7, 2023
The bulletin, issued quietly in mid-January, states that “although seller/servicers assign values to their MSRs, the enterprises [Fannie and Freddie] should have their own processes to evaluate the reasonableness of seller/servicer MSR values.” These differences can cause volatile MSR values.
Housing Wire
AUGUST 3, 2023
They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. After the agent explains how a chatbot works and the benefits it offers, the agent can let the sellers experience it themselves.
Housing Wire
OCTOBER 17, 2023
Many times, we’ll find the sellers will try to sell their properties to an investor who’s come through and offered some too-good-to-be-true number only to find out that investor doesn’t have the money to purchase it and save the property before it goes to foreclosure auction,” she said. But she noted that not all investors operate this way.
Birmingham Appraisal
MAY 21, 2024
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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