article thumbnail

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

Birmingham Appraisal

A home’s value is heavily influenced by its geographic location and the characteristics of its neighborhood. Consider the proximity to essential amenities like schools, parks, shopping centers, and public transportation. These features can significantly enhance the desirability and therefore the value of a property.

article thumbnail

7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Eleven Types of Risk in Commercial Real Estate

Property Metrics

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. A liquid asset is one that can be sold immediately at market value. If an owner had to sell a piece of real estate by the end of the day, chances are that it would be for a price far below market value.

article thumbnail

Decoding a Commercial Appraisal: Insider Insights

AmeriMac

The commercial appraisal report, generated by the appraiser, includes detailed information about the property’s characteristics, comparable sales data, and the final opinion of value. This report serves as a reference for buyers, sellers, lenders, and investors to make informed decisions regarding the property.

article thumbnail

FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

Quite a contrast to all the references to appraisal “bias” in the news. Most buyers interested in a home that has not been electrified also rely on horse and buggy as a common form of transportation. City National opened only one branch in a majority-Black and Hispanic neighborhood in the past 20 years.

article thumbnail

The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

Andrew Cuomo's office suggested last week that such a levy might reap $9 billion for the moribund Metropolitan Transportation Authority over the next decade and Assembly Speaker Carl Heastie reiterated his chamber's support proposal at a Crain's breakfast forum days later. That article came out in 2014 right as the housing market was peaking.