Appraisal Buzz

MARCH 25, 2024

The transaction is a complex interplay between buyer and seller. The hypothetical interaction of the typical buyer (who embodies the collective thought and action of the whole market of buyers) with the typical seller (who similarly embodies the collective thought and action of the whole market of sellers).

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Sellers Appraisal Real Estate Buyers 379

Housing Wire

OCTOBER 12, 2023

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). This is essentially the home price that a willing homebuyer would pay a seller. FMV is based on what we consider neutral terms, where the risk is equally shared between the buyer and the seller. the purchase price).

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Sellers Buyers Brokerage Agents 388

Cleveland Appraisal Blog

JULY 20, 2022

It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

JANUARY 9, 2023

Home price correction likely nationwide and in majority of markets. Foreclosure auction buyers on the Auction.com platform purchased at an average discount of 29% below estimated “as-is” market value in the fourth quarter of 2022, up from 23% in the third quarter and up from a pandemic low of 9% in the first quarter of 2021.

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Retail Sellers Buyers Market Value 446

Housing Wire

SEPTEMBER 19, 2023

This will help you set a realistic price and manage your sellers’ expectations. For appraisals that are low, a seller may want to get a second appraisal. If the second appraisal comes back higher, buyers and sellers may feel more comfortable meeting in the middle. At this point, an estimated market value is generated.

Real Estate 448

Real Estate Appraisal Agents Inspection 448

Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. It says buyer and seller are: Prudent and knowledgeable. Also part of the definition: Reasonable market exposure time. Typically motivated.

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Market Value Sellers Buyers Finance 321

Empire Appraisal Group

JULY 14, 2022

Equity rich means that the combined estimated amount of the loan balance on the home was no more than 50% of the home’s estimated market value. Homeowners continue to benefit from rising home prices,” says Rick Sharga, executive vice president of market intelligence for ATTOM. The post Sellers’ Market Peak?

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Sellers Marketing Market Value Realtors 78

Eppraisal

FEBRUARY 14, 2024

Let's delve into the intricacies of closing costs, what they entail, and how they impact both buyers and sellers. While the specific expenses may vary depending on factors such as location and the type of mortgage, both buyers and sellers can expect to incur closing costs when completing a property sale. What are Closing Costs?

Sellers 36

Sellers Buyers Property Taxes Real Estate Agent 36

Realtor

AUGUST 7, 2019

“The collateral for the loan is the home, so lenders require an independent appraiser to inspect it and advise on its value,” explains Michael Drake , president of PMG Home Loans. And they may not accept an appraisal that the seller did at the time of listing.”. Appraisal value isn’t always the same as market value.

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Sellers Appraisal Market Value Real Estate Agent 111

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

Housing Wire

DECEMBER 4, 2020

iBuyer purchase volumes were significantly lower during the third quarter this year than they were pre-pandemic, according to zavvie ‘s inaugural Seller Preference Report. of market value across all markets since then. In Q3, iBuyer purchases dropped 82% year over year. Offer acceptance was at 4.7% the year prior.

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Sellers Market Value Inventory Marketing 386

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says. “As

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Housing Market Renovations Marketing Retail 369

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often?

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Market Value Buyers Appraisal Sellers 448

Realtor

AUGUST 7, 2019

“The collateral for the loan is the home, so lenders require an independent appraiser to inspect it and advise on its value,” explains Michael Drake , president of PMG Home Loans. And they may not accept an appraisal that the seller did at the time of listing.”. Appraisal value isn’t always the same as market value.

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Sellers Appraisal Market Value Real Estate Agent 78

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].

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Sellers Marketing Market Value Home Value 435

Housing Wire

AUGUST 28, 2023

“[It’s] essentially redlining — neighborhoods of predominantly people of color are given lower market value,” said one non-appraiser respondent. Meanwhile, 39% said they had challenges finding sellers.

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Appraisal Logistics Valuation Appraisal Process 367

Appraisal Buzz

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 Sellers Investing 195

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

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Sellers HOA Insurance Contracts 69

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.

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Sellers Investors Valuation Finance 295

Appraisal Buzz

SEPTEMBER 12, 2022

Since 2020, iBuying has soared in popularity as many sellers have taken advantage since the start of the pandemic. Sellers used iBuying to bypass the lengthy aspects of the traditional homebuying process to receive cash payments in an expedited manner. Either way, sellers should decide what’s worth more to them.

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Supply Chain Sellers Housing Market Appraisal 195

Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. employ certified professionals who understand the nuances of the local market.

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Appraisal Property Taxes Valuation Market Value 78

Housing Wire

OCTOBER 15, 2020

Homeowners can now get a StreetEasy estimate of their homes’ current market value based on features that are unique to New York City, the company said. Homeowners start by claiming their home, then requesting an AI-powered estimate of their home’s current market value, an estimated price per square foot and monthly rent.

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Valuation Tools Market Value Real Estate 357

Empire Appraisal Group

OCTOBER 5, 2023

A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. This value is essential for tax reporting and compliance.

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Appraisal Market Value Valuation Law 78

Realtor

NOVEMBER 7, 2023

This amount can change depending on market factors. If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for.

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Inspection Insurance Sellers Buyers 196

JMV Lending

MARCH 16, 2022

“I knew a guy who sold his house for $100,000 under the market value because he felt like it…” said nobody. My point is that no seller is ever going to knowingly sell a property for under market value in this day and age – when listing information is made available to everyone via […].

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Appraisal Market Value Lending Sellers 78

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value.

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Inspection Appraisal Appraisal Process Buyers 431

National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

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Home Value Market Value Appraisal Sellers 69

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

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Inventory Market Value Appraisal Contracts 243

Listing Spark

JULY 6, 2021

When taking an objective looks at how “We Buy Ugly Houses” works, its apparent there are some well-defined upsides for home-sellers, as well as some significant downsides. We Buy Ugly Houses is not going to ask you as the seller to make any repairs, they are buying “as-is” Quick Closing. No repairs are necessary.

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Sellers Contracts Investors Real Estate 36

Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.

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Sellers Buyers Agents Real Estate Agent 55

Appraisal Hub

AUGUST 13, 2021

It’s in the best interests of the bank, the seller, and the buyer to get an appraisal for the following reasons: The bank – Proper appraisal is critical in underwriting. If the loan is worth more than the home’s market value, the bank may find it challenging to recover their investment if the buyer defaults on their mortgage.

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Appraisal Property Appraisal Market Value Sellers 78

McKissock

APRIL 30, 2021

Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value. Remember, in general, market value is defined as the most probable price a property should bring in a competitive and open market. Non-arm’s length sale. Arm’s length sale.

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Market Value Real Estate Appraisal Sellers 88

East Coast Appraisal

AUGUST 11, 2022

Many home sellers shy away from property appraisal because they believe the process only caters to the buyer's needs. However, property appraisal benefits both the buyer and the seller. For the seller, a home appraisal ensures they price their property correctly. Home Appraisal Value Is the Same as Market Value.

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Real Estate Appraisal Renovations Market Value 52

AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. Whether you’re a first-time homebuyer or a seasoned seller, this guide will provide you with all the information you need to make informed decisions during real estate transactions involving REO appraisals.

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Real Estate Appraisal Inspection Appraisal Process 36

Empire Appraisal Group

OCTOBER 19, 2023

Getting your home appraised before listing it for sale is a wise decision that can benefit both sellers and buyers in the real estate market. Seller’s Peace of Mind : An appraisal can provide sellers with peace of mind, knowing that their asking price is based on a professional assessment.

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Appraisal Real Estate Sellers Buyers 78

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. The seller will probably never know.

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Appraisal Market Value Contracts Agents 418

Appraisal Hub

DECEMBER 22, 2021

With a home appraisal, you can position yourself more confidently in the market. The purpose of a property appraisal is to determine the real market value of your home. Appraisals and valuations determine the market value of the property. The market value of properties changes over time.

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Real Estate Appraisal Market Value Property Appraisal 78