Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. The truth of it is that an appraisal coming in below the contract price can be a powerful tool for a homebuyer and save them future pain and heartache.

Appraisal 476

Appraisal Contracts Valuation Tools 476

Housing Wire

NOVEMBER 2, 2021

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. The purchase has triggered a Federal Trade Commission inquiry regarding Zillow’s array of agent and consumer data.

Market Value 418

Market Value Real Estate Agent Agents Business 418

Cleveland Appraisal Blog

AUGUST 20, 2021

That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. Often, homeowners, agents, and others base their value opinions on square footage obtained from public records, usually because it’s free and, in most areas, available to the public.

Appraisal 418

Appraisal Market Value Contracts Agents 418

Housing Wire

MARCH 1, 2023

The API integration will allow lenders to bring product offerings to open houses, allowing them to engage borrowers “earlier in the lifecycle,” and will also enable lenders to better support co-marketing partners like real estate agents and loan officers.

Real Estate Agent 370

Real Estate Agent Technology Open Houses Loan Officers 370

Housing Wire

AUGUST 31, 2023

and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd.

Contracts 435

Contracts Business Brokerage Training 435

Cleveland Appraisal Blog

MAY 26, 2023

Because in both instances, they first had their homes valued by real estate agents, not appraisers. But the owner felt that a real estate agent could do the same type of valuation as an appraiser. And the agent they initially used was less expensive than hiring a certified appraiser. All three are market-based approaches.

Appraisal 305

Appraisal Real Estate Agent Real Estate Valuation 305

JMV Lending

APRIL 18, 2024

We had an appraisal come in $40,000 under contract a few weeks ago and both the buyers and sellers were furious solely because they did not understand appraisal guidelines. The post Appraised Value Can’t Exceed Highest Comps; Appraised Value Market Value; WHY WE NEED AGENTS!

Market Value 78

Market Value Appraisal Agents Marketing 78

Cleveland Appraisal Blog

AUGUST 20, 2021

That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. Often, homeowners, agents, and others base their value opinions on square footage obtained from public records, usually because it’s free and, in most areas, available to the public.

Appraisal 266

Appraisal Market Value Contracts Agents 266

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.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Appraiserblogs

FEBRUARY 16, 2024

The lender and the AMC could have applied that veto to the sales agents, using the appraisal as proof positive that the agents derailed this deal. The answer is the listing agents pricing strategy and the buyers agents buying strategy. Clearly off the page in relationship to existing market value indicators.

Agents 101

Agents Appraisal Market Value Contracts 101

Realtor

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home.

Buyers 207

Buyers Inspection Contracts Real Estate Agent 207

Listing Spark

JANUARY 5, 2025

Find the Right Real Estate Agent Finding the right real estate agent is a crucial step in the home selling process. A good agent can help you navigate the complex process, provide valuable insights, and ensure a successful sale. Evaluate the condition of the home : Consider the age, condition, and overall appeal of the home.

Sellers 69

Sellers HOA Real Estate Agent Contracts 69

Realtor

MAY 17, 2023

While it’s certainly true that you can let go of the anxiety of needing to show your home at any moment, you still need to cooperate with your buyer, the buyer’s agent, and the commitments made in the contract. Once the contract has been signed, a seller can’t renegotiate the price higher.

Sellers 138

Sellers Inspection Contracts Property Taxes 138

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value. Is there anything about the improvements that would positively or negatively impact its market value? Appraisers look at homes that have sold, that are listed, and those under contract.

Appraisal 346

Appraisal Market Value Development Clients 346

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips 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 have also worked with hundreds of real estate agents, some of whom have a good understanding of the appraisal process and some who don’t.

Real Estate Agent 87

Real Estate Agent Real Estate Agents Reconsideration of Value 87

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “The definition of market value.” ” “How value is derived.” ” “We need their input. .”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

Agents 95

Agents Appraisal Real Estate Agent Bracketing 95

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast.

Appraisal 283

Appraisal Development Market Value Tenants 283

Cleveland Appraisal Blog

AUGUST 11, 2022

Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. Although you probably won’t be able to sell your home at its actual market value, you will also save a lot of time and money. For some homeowners, this might be a completely legitimate option.

Renovations 221

Renovations Buyers Appraisal Investing 221

Birmingham Appraisal

JANUARY 25, 2023

Tips For Agents on How to Adjust For Square Footage I wrote an article once titled “ Price per square foot is not the holy grail of property value ” where I explained that price per square foot should not be the only metric given consideration when pricing a home. If you liked this post subscribe by email (or RSS feed ).

Agents 85

Agents Appraisal Contracts Buyers 85

Birmingham Appraisal

JUNE 21, 2023

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.

Real Estate Agent 85

Real Estate Agent Real Estate Agents Appraisal 85

Birmingham Appraisal

MARCH 26, 2025

Pricing a listing correctly is one of the most critical skills a real estate agent can develop. List a home too high, and it sits on the market, developing a stigma that can lead to lowball offers. Appraisers prioritize: Arms length transactions Sales between unrelated parties at market value. The answer?

Agents 58

Agents Appraisal Reconsideration of Value Real Estate Agent 58

Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market.

Agents 78

Agents Appraisal Real Estate Realtors 78

Birmingham Appraisal

NOVEMBER 20, 2024

I think it is important to revisit these inaccuracies for the benefit of new people getting into the real estate market. If you are a new agent or even a more seasoned pro and have an appraisal question please don’t hesitate to contact me, I’d be glad to chat with you and clear up any misinformation you may have heard.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

McKissock

JULY 6, 2022

One of the main responsibilities of a real estate agent is to effectively organize all the competing interests of a transaction (or pieces of the jigsaw puzzle). Most agents quickly realize that “coordinating the chaos” is a major part of their role in a given transaction. As agents, we know better.

Clients 87

Clients Real Estate Contracts Real Estate Agent 87

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability. percent from 6.52

Appraisal 91

Appraisal Training Contracts Mortgage 91

Listing Spark

JANUARY 5, 2025

Unfortunately a contracts as-is clause can be confusing for some sellers. How the as-is clause in the Texas law can be confusing The as-is clause on a standard Texas TREC contract can be confusing for some home-sellers. A buyer might check the box in the contract that says they are purchasing the home as-is.

Inspection 36

Inspection Sellers Real Estate Agent Contracts 36

Cleveland Appraisal Blog

MARCH 18, 2021

Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. I could not find a single sale that supported an opinion of value anywhere near the purchase price. My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal.

Appraisal 195

Appraisal Investors Market Value Contracts 195

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” “Market analysis and illustrations.”

Appraisal 109

Appraisal Contracts Clients Marketing 109

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Contracts 52

Contracts Appraisal HOA Architecture 52

Will Springer Realtor

OCTOBER 19, 2021

About 13% of appraisals came in below the contract price this August, the most-recent available data, according to housing-research firm CoreLogic. housing market is 7% of all mutually accepted contracts. Discuss price with your agent before listing. He/she has access to the same house keys as real estate agents.).

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 87

Realtors Appraisal Market Value Real Estate Agent 87

D Fritz Appraisals

FEBRUARY 22, 2023

It represents the difference between what they owe on their home and its current market value. This makes it ideal for ongoing projects but may come with higher interest rates than other borrowing forms of borrowing so make sure you understand all the details before signing any contracts. What Is Home Equity?

Investing 129

Investing Real Estate Appraisal Market Value 129

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. The only costs you have to cover are those for finding a property for sale and for marketing the property to interested buyers. What about rental properties?

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. This will help ensure a fair market value. It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract.

Appraisal 132

Appraisal HOA Easement Valuation 132