Lamacchia Realty

JULY 28, 2021

Many buyers, during the throws of the pandemic, wanted single family homes instead of communal living, and with that great demand and low inventory came great market value increases. Prices were driven up by homes selling with over asking offers, as explained by Anthony in the July Market Update Video.

Inventory 69

Inventory Buyers Sellers Marketing 69

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1 I was not aware of my bias.

Appraisal 89

Appraisal Contracts Insurance Construction 89

Lamacchia Realty

APRIL 15, 2022

A housing crash on a chart looks like what you see in January of 2005-January of 2007; that spike in available inventory of homes for sale means supply is high and demand is low. Prices are so high that the market value of homes has increased, and the average house with a mortgage has 55% equity which is also the highest ever.

Marketing 69

Marketing Sellers Buyers Inventory 69

Lamacchia Realty

AUGUST 3, 2021

Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model on pricing homes. They say, “If you overprice it’s better to admit your mistake and cut the price all the way down to the true market value in one fell swoop.” How much do you adjust the price? They are right.

Bracketing 69

Bracketing Sellers Buyers Inventory 69

Lamacchia Realty

JUNE 21, 2022

Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model on pricing homes. They say “If you overprice it’s better to admit your mistake and cut the price all the way down to the true market value in one fell swoop.” How much do you adjust the price? They are right.

Housing Market 69

Housing Market Bracketing Marketing Sellers 69

Lamacchia Realty

OCTOBER 17, 2024

Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model for pricing homes. They say, “If you overprice, it’s better to admit your mistake and cut the price all the way down to the true market value in one fell swoop.”. They are absolutely right.

Bracketing 74

Bracketing Marketing Sellers Buyers 74

Lamacchia Realty

OCTOBER 25, 2023

Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model on pricing homes. They say, “If you overprice it’s better to admit your mistake and cut the price all the way down to the true market value in one fell swoop.” One of the points they make is about price adjustments. They are right.

Bracketing 74

Bracketing Marketing Sellers Buyers 74

Appraisal Today

JUNE 21, 2024

Developed over time with the guidance of prominent designer John Saladino initially and then later with the legendary architect Peter Marino who reimagined the structure back in 2005 and oversaw a 10,000 square foot addition to the house. The setting is unique as are the coastline views to the east and west.

Appraisal 78

Appraisal Architecture Contracts Design 78

Appraisal Today

APRIL 1, 2023

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” Of course, I gave up residential lender appraising in 2005, before AMCs took over but I liked lender appraising except for the huge ups and downs in business. ” 5.

Clients 52

Clients Appraisal Contracts Business 52

Appraisal Today

JUNE 17, 2022

It might bias them toward the contract price rather than market value (it might). Excerpt: But USPAP and the contract have a very unique relationship. Some appraisers do not like having a copy of the contract. They think it is a contract to hit (it isn’t). Therefore, they say, keep the contract! They were aggressive in expanding. ==.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52