This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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. One way for the appraiser to understand buyer motivation is to know exactly what factors they considered when purchasing a home.
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. In addition to emotions, some buyers do not understand the concept of cost versus value.
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.
In this post, Ill explain why appraisal waivers may not be in your best interest, how they can negatively impact property values, and why a professional appraisal is more than just a formalityits a crucial safeguard for buyers and homeowners alike. 6 Reason You May Now Want an Appraisal Waiver 1.
They even go on to say a Zestimate is not a home appraisal and encourage buyers and sellers to get a house appraisal: “The Zestimate’s accuracy depends on location and the availability of data in an area. The Zestimate is not an appraisal and it should be used as a starting point. Thank you Zillow!
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?
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.
In this blog post, I’ll walk you through the top 10 benefits of getting a pre-listing appraisal, shedding light on how it can help you make informed decisions and maximize the value of your property. Set the price too high, and you risk scaring away potential buyers. A pre-listing appraisal can mitigate these worries.
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.
Not all home appraisals – and those who conduct them – are created equal. The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No Home AppraisalTips for Buyers ).
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. It’s important to remember this because a comp is considered to be a similar but different alternative for a potential buyer.
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?
What’s more, a proper appraisal will identify and should apply the costs associated with these upgrades in the appraisal of the home. A new kitchen is great, but if the roof leaks or you can’t heat it, you’re going to have some unhappy home buyers. . Spread the word, be accommodating and help the real estate agent. .
Gregory and all real estate agents that have had similar experiences have a legitimate problem that they must deal with. As an appraiser, I could not agree more. Tips on getting a property to appraise out when the sales price is above list price. Was the seller or buyer unduly motivated in any way? Uhhhh no.
This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. In contrast, pools hardly exist in some locations, so it’s less of a factor because buyers don’t expect a pool. Website not required!!
Conducted by a licensed appraiser , the appraisal plays a critical role in the mortgage process by determining the loan amount your lender will offer. In this blog, we’ll cover home appraisal key components, the process, factors influencing values, and tips for buyers and sellers.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content