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AppraisalTips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.
Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.
Tips To Make An Agent’s Life Easier The job of a real estate agent is extensive. There was a popular post that many agents were sharing on Facebook recently that listed all of the hats that an agent must wear. Two things can happen with this occurs.
Appraisers Research and Analyze The Market. Most agents in the Birmingham, Alabama market where I work are great about answering any questions I have about their listings. They must also find out everything about the comparable so that they can assess how it compares to the property that is being appraised.
It feels messy that concessions information is no longer in MLS, there’s some confusion about how appraisers are handling some of this, and we have a new question to ask. UPCOMING SPEAKING GIGS: 10/18/24 […] The post The hot mess of concessions in real estate first appeared on Sacramento Appraisal Blog. Well, sort of.
A Guide to Selecting the Right Appraiser Selecting a real estate appraiser is a crucial decision that can significantly impact your financial transactions and investments. A competent appraiser should possess excellent communication skills, enabling them to explain complex appraisal concepts and methodologies in simple terms.
Idaho is a gorgeous state! I live in the backyard of the Teton Mountain Range and Yellowstone National Park, and I love going to the hills. Hiking through groves of. Read More.
Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will the appraiser look in my closets? Should I follow the appraiser and point things out? Will worn carpeting hurt my value?
Ask for referrals: Ask friends or family members who have recently sold or bought a home if they used a home appraiser and what their experience was like. This will give you insight into the quality of each home appraiser's services. Matt and Troy Order a home appraisal from Premier Home Appraisals. Values You Can Trust!
We encourage buyers, sellers and homeowners to supplement the Zestimate with other research such as visiting the home, getting a professional appraisal of the home, or requesting a comparative market analysis (CMA) from a real estate agent.”. Chicago Home Appraiser vs. Zillow’s Zestimate. Thank you Zillow!
The post The Hidden Risks of Appraisal Waivers: What Homebuyers and Homeowners Need to Know appeared first on Birmingham Appraisal Blog. Related posts: I’m participating in a Birmingham, AL home selling seminar this month Are you attending the “Tech Savvy Agent” workshop in Birmingham, Alabama?
11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.
These AppraiserTips for Home Pricing in Birmingham, AL Could Save You Thousands Correctly pricing a home is one of the most critical factors in successfully selling real estate, particularly in a dynamic market like we currently have in many parts of the country.
Principles are tremendously important tools we can use in our lives to affect change. A principle is an eternal truth. It can be applied across all circumstances, all times, all. Read More
After all, both parties want a positive outcome from the appraisal. Home AppraisalTips for Buyers ). Sellers, with assistance from their real estate professional, can help lessen the chances of a low appraisal by following some important steps before marketing the home. Discuss price with your agent before listing.
Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will the appraiser look in my closets? Should I follow the appraiser and point things out? Will worn carpeting hurt my value?
While my main audience for this post is homeowners, real estate agents can also use this method to see how a home they are listing might compare to the recent sales. This is why real estate agents will tell you to at least make some cosmetic repairs that will improve the street appeal of a home.
Now when the Appraiser compares this home (the subject of the appraisal) to other recently sold homes they will need to analyze how this updated kitchen and/or bathrooms have impacted the overall value of the home. . Appraisal Partners : One way to help gain equity is to help sell your neighbor’s home.
Mr. Gregory and all real estate agents that have had similar experiences have a legitimate problem that they must deal with. I wonder what quote we might receive from Mr. Gregory if market prices were declining. That being said tangent finished and back to the point. What can you do in that situation?
Providing a pre-listing appraisal demonstrates your commitment to transparency and honesty in the transaction. This can provide you with a more favorable reputation among real estate agents and buyers. The pre-listing appraisal showcases your dedication to a fair and transparent sales process.
Appraising started in the U.S. Non Lender AppraisalTips from Appraisal Today Pluses and minuses of the many different types of non lender appraisals to help you choose what you want to do. FREE Google Business Profile – how to get on the top of searches for appraisers in your area. Website not required!!
Homeowners should consider local market trends and seek advice from professionals like appraisers and real estate agents to gauge renovation impacts. Preparing for a Home Appraisal Preparing for a home appraisal may provide a smooth process and impact the appraised value of your property.
If you find an appraiser who works at it only part-time, they generally don’t have the focus needed to carry out a high-quality appraisal, and they aren’t helpful to you, the real estate agent, the borrower, or the lender. How Long Have You Been Doing Appraisals?
This doesn’t mean every property is literally worth 12% less, but I have to say the change is sizeable when looking at neighborhood comps lately and hearing feedback from real estate agents. It’s easy to fixate on the median price, but when appraising in neighborhoods my trendlines are also showing a sharp change.
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