Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.

Housing Market 368

Housing Market Marketing Reconsideration of Value Appraisal 368

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. This home has also been renovated in recent years. What is the Market Value in ‘Market Value’?

Valuation 369

Valuation Market Value Appraisal Real Estate 369

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. The best way to look at home renovations is by considering the overall impact they will have on your home. Updates or Renovations?

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Renovations Appraisal Real Estate Agent Construction 88

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. In addition, selling as-is is the norm in some real estate markets.

Renovations 221

Renovations Buyers Appraisal Investing 221

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. Physical depreciation is the most common cause of loss of value. Even if they are completely renovated, they are still not considered to be new. In a word, depreciation.

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Market Value Appraisal Marketing Buyers 244

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

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. What’s the difference between a newly constructed home and a hundred-year-old home?

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Appraisal Development Market Value Tenants 283

Appraisal Hub

MAY 5, 2024

Over the years, I’ve come to appreciate the symbiotic relationship between appraisers and real estate agents. In this blog, I aim to provide valuable insights and tips from an appraiser’s perspective, empowering real estate agents to navigate the appraisal process with confidence.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Appraisal Process 78

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?

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Agents Appraisal Reconsideration of Value Real Estate Agent 58

Cleveland Appraisal Blog

FEBRUARY 11, 2022

The appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. Does the market value of a home change differ depending on whether the owners are going through a divorce or refinancing their home? The market value is what it is.

Appraisal 221

Appraisal Market Value Clients Design 221

AmeriMac

MARCH 15, 2025

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Clear valuations are essential for informed financial decisions in the dynamic real estate market.

Appraisal 36

Appraisal Valuation Real Estate Appraisal Process 36

Cleveland Appraisal Blog

MARCH 4, 2021

Last week, a real estate agent asked me about how appraisers adjust for age. There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. Age is a good example. It seems logical to think that a newer home is more valuable than an older home.

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Appraisal Real Estate Real Estate Agent Loan Conditions 224

Eppraisal

JUNE 18, 2024

Last week we published a post on the type of renovations one needs to make before selling their 20-25 year old house. " Making your property look as modern as possible can potentially help attract more potential buyers and increase your home’s value. If they’re in high demand, renovations might be unnecessary.

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Renovations Real Estate Agent Investing Buyers 68

AmeriMac

JANUARY 31, 2025

A qualified professional appraiser gives an unbiased estimate of the property’s market value. This value considers different factors to ensure buyers and sellers are treated fairly. Understanding real estate appraisals is crucial in a changing market like New Albany, OH.

Real Estate 36

Real Estate Appraisal Valuation Real Estate Agent 36

Realtor

MAY 10, 2018

If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value. Real estate agent and attorney Bruce Ailion with Re/Max Town and Country in Atlanta advises siblings to have a discussion to decide what condition to sell the house in— as is or renovated.

Real Estate Agent 83

Real Estate Agent Renovations Real Estate Agents 83

Listing Spark

APRIL 9, 2025

Kitchen and bathroom upgrades typically deliver the strongest results, but complete renovations aren’t always necessary. They often rely on outdated or incomplete data, resulting in estimates that may be significantly higher or lower than your homes true market value.

Real Estate 36

Real Estate Modernization Buyers Real Estate Agent 36

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. Any known inconsistencies with data – if your assessed property value has been fluctuating wildly over the years, this needs to be looked at. This will help ensure a fair market value.

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Appraisal HOA Easement Valuation 132

Realtor

MAY 10, 2018

If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value. Real estate agent and attorney Bruce Ailion with Re/Max Town and Country in Atlanta advises siblings to have a discussion to decide what condition to sell the house in— as is or renovated.

Real Estate Agent 78

Real Estate Agent Renovations Real Estate Agents 78

Birmingham Appraisal

NOVEMBER 14, 2023

I often get asked by agents about the best way to find comparable sales when pricing a listing. Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The quality of local schools is a significant factor influencing property values.

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Market Value Agents Appraisal Bracketing 94

D Fritz Appraisals

MAY 13, 2024

Either way, the goal remains the same: to make the home appear as attractive and welcoming as possible, thereby making it stand out in the competitive real estate market of British Columbia. Your appraiser can accurately assess your property’s worth, considering your area’s latest market trends and comparable sales.

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Real Estate Buyers Sellers Appraisal 122

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

Appraisal Partners Blog

JANUARY 31, 2024

Whether you are purchasing a home, looking to refinance, considering a home improvement, settling an estate, or divorce, We’ll he­lp you determine your home’s fair market value. Here are some key advantages: Fair Market Value Through an appraisal, the genuine marke­t value of a house is figured out.

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Appraisal Property Appraisal Market Value Real Estate 78

McKissock

MARCH 1, 2021

In 2002, when Dara Alperen Cipollone purchased her first home in East Boston, her real estate agent suggested she would be a great fit for residential sales. Some want me to summarize the market data and give concise guidance on market values. Q: What obstacles are Millennials facing in the Boston real estate market?

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Real Estate Clients Real Estate Agent Renovations 90

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. Worth reading.

Appraisal 91

Appraisal Training Contracts Mortgage 91

McKissock

OCTOBER 3, 2021

The only costs you have to cover are those for finding a property for sale and for marketing the property to interested buyers. FREE Guide : Learn how to earn more with our free Real Estate Agent Income Guide. In addition, you get to save from commissions as you don’t have to work with an agent. What about rental properties?

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Appraisal Partners Blog

FEBRUARY 18, 2025

Understanding the Appraisal Gap A low appraisal means the independent appraiser has determined the fair market value of the property is less than the price the buyer and seller agreed upon. Property Condition Issues: The appraiser might identify significant repair needs or maintenance issues that negatively impact the value.

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Sellers Buyers Appraisal Real Estate Agent 78

Realtor

DECEMBER 15, 2016

To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Padove Appraisal Service

JANUARY 14, 2018

When I set an appointment to look at a house I always ask the homeowner, or agent, to provide me with a list of improvements made to the property. A house can have a brand new kitchen renovation, with all mid to lower end materials such as vinyl floor, laminate counter tops and press board cabinets. My answer is simply, “Everything!”

Home Improvement 78

Home Improvement Appraisal Construction Renovations 78

Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. A Radian spokeswoman declined to comment.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. A Radian spokeswoman declined to comment.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

Listing Spark

JANUARY 5, 2025

Some common types of homes that are often sold as-is include: Fixer-uppers : These homes require significant repairs and renovations to make them habitable. Pricing Strategies for an As-Is Sale Pricing a home for an as-is sale in Texas requires careful consideration of the propertys condition, location, and market value.

Inspection 36

Inspection Sellers Real Estate Agent Contracts 36

D Fritz Appraisals

OCTOBER 11, 2022

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Renovation loan assessments. What is a Home Appraisal and Why is it Important?

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Appraisal Inspection Property Taxes Easement 110

Eppraisal

OCTOBER 23, 2023

The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal. Your real estate agents can go back and forth multiple times until all parties agree to everything or reach an impasse. Ask your real estate agent about which title company to use.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

McKissock

DECEMBER 21, 2021

A little bit of friendly competition encourages bidders to commit to properties they love, which increases the chances of your home selling at market value or above. They inspire a sense of urgency with a drop-dead date for possible purchase being the day of the auction. Stage it professionally.

Marketing 86

Marketing Decorating Training Buyers 86

Birmingham Appraisal

AUGUST 23, 2022

Are you curious about the market value of your home? 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. How Should You Compare Your Home To Recent Neighborhood Sales? If so then this post is for you.

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Real Estate Agent Appraisal Real Estate Renovations 89