Housing Wire

AUGUST 3, 2023

Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. McKinsey reports that the real estate industry will see a productivity gain of $110 billion to $180 billion, primarily in marketing and sales. These are large language models (LLMs). What is next?

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Process Real Estate Appraisal Renovations 78

The Robert Weiler Company

APRIL 12, 2023

With recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment (also referred to as a reappraisal) is underway. Important characteristics may include location, size, condition, floor plan, and the surrounding area.

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Property Appraisal Property Taxes Real Estate Valuation 148

Housing Wire

OCTOBER 10, 2023

One can’t spend more than the reasonable market value, must also use these services and actually receive them. It means these homebuyers are not referred to competitive programs, which would provide lower down payments, no mortgage insurance and grants for closing costs, saving the homebuyer thousands of dollars a year.

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Real Estate Agent Loan Officers Real Estate Agents 416

Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. Recession-Proof Your Business Part 2 – The Real Value Podcast with Blain Feyen. What is a Valuation Model?

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Inspection Appraisal Technology Clients 374

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The appraiser will determine which of the values is most appropriate and reflective of demonstrating the market value of the property being appraised. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why. Have a great weekend! I hope you enjoy it!

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Development Appraisal Market Value Valuation 343

D Fritz Appraisals

DECEMBER 16, 2022

These assessments provide a valuation of each property as of July 1 st in the previous year (So 2023 tax assessments are based on the value of homes on July 1 st, 2022). While the actual dollar valuation of the property is not the basis for your tax bill (i.e. Size of home in square feet. Number of rooms. Age of home.

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Property Taxes Valuation Appraisal Real Estate 110

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Then counterbalance the estimated price on those sites with the valuation seen on Eppraisal.com.  This licensed professional is generally more competent to do such a valuation than most real estate agents.

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Marketing Real Estate Agent Real Estate Valuation 69

AmeriMac

JANUARY 15, 2024

They consider various factors such as the property’s size, condition, location, and comparable sales data to determine its market value. The home appraisal process involves a thorough inspection of the property, analysis of market conditions, and the creation of a comprehensive appraisal report.

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Appraisal Appraisal Process Valuation Real Estate 36

D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a legal document that determines fair market value for a property. Complexity/detail of property – A home with intricate architecture or an unusual layout will take longer to appraise and will have fewer market comparables to refer to. What is an Appraisal, and Who Pays for it?

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Appraisal Appraisal Process Legal Inspection 103

The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. Note: A commercial property valuation is considered the equivalent of an appraisal, and the words are sometimes used interchangeably. You may need a commercial valuation for many reasons.

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Real Estate Appraisal Property Appraisal Valuation 60

McKissock

SEPTEMBER 10, 2020

This is especially true where there is a business component to be considered, as would be the case with senior living, hotel valuation, or hospitals. Business components in special purpose properties are often referred to as “intangibles.” Value in use requires considering the business as a going concern.

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Appraisal Valuation Real Estate Design 54

Simonson Real Estate

APRIL 27, 2020

We reference two important points – Guide Notes 10 and 12 from the Appraisal Institute – which are as follows: The analysis is being performed with as much current information and market feedback as possible. Changes after the date may affect the value. This analysis is then carried through the valuation approaches.

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Real Estate Appraisal Valuation Clients 78

AmeriMac

APRIL 30, 2024

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.

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Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

NOVEMBER 5, 2023

This could be in the form of market updates, home maintenance tips, community news, or other helpful information. Offering value helps build trust and a positive reputation in the community. It makes me nuts when I see a real estate agent offering “free home valuation” as if that is something special. It’s a great time to sell.

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Real Estate Tools Real Estate Agent Agents 207

Dart Appraisal

APRIL 9, 2021

Dart Appraisal often receives appraisal orders for properties located within transitioning markets, where commercial development is sprawling into residential areas. Whether the subject property is land or an existing residential structure, the appraisal concept of HBU determination becomes crucial in this type of valuation.

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Valuation Legal Clients Appraisal 68

Miller Samuel

MARCH 19, 2019

This position seems to be derived from one of only two references cited in the FPI white paper , a fun New York Magazine cover story by Andrew Rice. That article came out in 2014 right as the housing market was peaking. The market value of these properties will be based on a "comparable sale-based valuation method."

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Real Estate Law Development Investors 370

Boston Appraisal

AUGUST 17, 2023

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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Clients Appraisal Market Value Property Taxes 78

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Ask them for their resume and a list of two or three references. The references should be current or previous clients, and at least one should be from the community. Follow up with the references for your selected candidate. Appraisers normally use in-house databases of recent sales and price trends to compile valuations.

Real Estate 36

Real Estate Appraisal Valuation Loan Officers 36

East Coast Appraisal

NOVEMBER 24, 2021

A home appraisal gives you a current and accurate home valuation and can help save your home. A bankruptcy appraisal is a process a certified appraiser carries out to establish your home's fair market value. After comparing multiple recent house sales in your area, the appraiser gets an opinion of your home's value.

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Appraisal Home Value Real Estate Valuation 52

Padove Appraisal Service

OCTOBER 21, 2017

The real estate appraiser’s role is to estimate a home’s market value. Appraisers calculate “Gross Living Area,” often referred to as “GLA.” ANSI standards differ from those used by sales agents, builder and tax assessors however, are intended only for valuation purposes.

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Real Estate Agent Real Estate Property Taxes Agents 78

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate?

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Real Estate Agent Real Estate Sellers Realtors 73

Cleveland Appraisal Blog

JANUARY 21, 2021

Before I go on, I should also make clear the type of cracks I am referring to. Especially if they are believed to be indications of major structural problems because this has an impact on value. It is impossible to know the impact on market value until we know if repairs are needed. Settlement cracks! NON-STRUCTURAL.

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Appraisal Inspection Real Estate Market Value 235

Genworth MI Blog

JULY 13, 2023

On the other hand, they’re important for buyers because they may identify physical concerns that either require more qualified inspections or repair and confirm that they are paying the fair market value. That said, the appraisal is still considered the most reliable option when it comes to an independent value opinion.

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Appraisal Inspection HOA Real Estate 78

Appraisal Partners Blog

OCTOBER 20, 2019

When someone mentions price per square foot, they are simply referring to the sale price divided by the gross living area. Basing a property’s value on price per square foot is not an accurate valuation method as it does not tell the complete story. Why value is not based on price per square foot.

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Real Estate Agent Real Estate Market Value Agents 78

D Fritz Appraisals

SEPTEMBER 19, 2019

A home or house appraisal is a third-party report written by a professional appraiser who visits the property and does market research to analyze how much the house is worth in today’s market. An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home.

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Home Value Appraisal Real Estate Agent Tools 78

Appraisal Today

OCTOBER 6, 2023

All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. You can also purchase a linked digital version of the eUSPAP and Guidance and Reference Manual and get seamless access across both documents.

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Appraisal Contracts Real Estate Mortgage 77

Property Metrics

AUGUST 13, 2020

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. These factors also cause property valuation to increase. These factors all result in lower property valuations. A liquid asset is one that can be sold immediately at market value.

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Real Estate Tenants Investing Construction 53

Town & Country Residential Appraisals

JULY 5, 2022

The appraiser agrees to uphold the code of ethics as established by the Uniform Standards for Professional Appraisal Practice, also referred to as USPAP (You’s-pap). In other words, the opinion of market value cannot and should not be influenced in ANY way by the parties to the transaction or the sale price.

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Appraisal Sellers Agents Real Estate 58

AmeriMac

JANUARY 28, 2021

An appraisal is a perfect way to determine your home’s fair market value. It is the main reason homeowners get an appraisal before putting their house on the market. As a buyer, your main objective is to ensure that the appraisal reflects your home’s value without artificial inflation.

Appraisal 36

Appraisal Inspection Market Value Buyers 36

AmeriMac

JANUARY 28, 2021

An appraisal is a perfect way to determine your home’s fair market value. It is the main reason homeowners get an appraisal before putting their house on the market. As a buyer, your main objective is to ensure that the appraisal reflects your home’s value without artificial inflation.

Appraisal 36

Appraisal Inspection Market Value Buyers 36

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? There is a difference.

Real Estate Agent 87

Real Estate Agent Real Estate Clients Agents 87

AmeriMac

DECEMBER 10, 2020

Now that we know what AMC refers to, let’s talk about its importance in the real estate world. These methods include: Number 1: The Cost Approach To Value. Complying with USPAP means you need to write correct and accurate results of how you came up with a property’s market value. Work With Professionals.

Real Estate 36

Real Estate Appraisal Market Value Real Estate Agent 36

PennyMac

OCTOBER 10, 2023

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.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

AmeriMac

JANUARY 28, 2021

An appraisal is a perfect way to determine your home’s fair market value. It is the main reason homeowners get an appraisal before putting their house on the market. As a buyer, your main objective is to ensure that the appraisal reflects your home’s value without artificial inflation.

Appraisal 28

Appraisal Inspection Market Value Buyers 28

AmeriMac

APRIL 18, 2021

An appraisal refers to an in-depth and precise evaluation of the current market value of your property. Combining automation, robust functionality, revolutionary AI and mobile technology, appraisal management software platforms make managing the valuation process efficient and straightforward. To Sum It Up.

Appraisal 36

Appraisal Real Estate Agent Appraisal Process Architecture 36

AmeriMac

APRIL 18, 2021

An appraisal refers to an in-depth and precise evaluation of the current market value of your property. Combining automation, robust functionality, revolutionary AI and mobile technology, appraisal management software platforms make managing the valuation process efficient and straightforward. To Sum It Up.

Appraisal 36

Appraisal Real Estate Agent Appraisal Process Architecture 36