Simonson Real Estate

SEPTEMBER 16, 2021

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. What is a Standard Turn-around Time for a Commercial Appraisal? Providing an in-depth and accurate appraisal report can take many hours to complete. We’d be happy to help.

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Cleveland Appraisal Blog

MARCH 4, 2021

For instance, a thirty-year old home may have an effective age that is the same as a fifty-year old home, if the fifty-year old home has been renovated to a degree that is comparable to the younger home. Sometimes, two homes with wide age differences can have the same effective age.

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Chicagoland Appraisal Blog

MAY 13, 2021

And that means you can actually impact your home’s value by making renovations that are likely to increase its marketability and value in the real estate market. . The Value of a Home Appraisal. What Is the Home Appraisal Process? Major points on an appraiser’s checklist include: Square footage of home and property.

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Appraisal Renovations Home Value Real Estate 88

DW Slater Company

FEBRUARY 24, 2022

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. Ineligible Transactions.

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Inspection Tools Appraisal Technology 154

The Robert Weiler Company

SEPTEMBER 16, 2021

And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Residential vs. Commercial Property Appraisal and Their Differing Review Process. Cost of construction and materials.

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Real Estate Appraisal Property Appraisal Valuation 147

D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Estate settlements.

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Appraisal Inspection Property Taxes Easement 110

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What are some of the benefits of desktop appraisals?

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Valuation Appraisal Inspection Appraisal Process 69

Dart Appraisal

APRIL 30, 2021

Planned renovations? Proposed construction, and if so, is a Prospective Value scenario appropriate? . Will the appraiser possibly be required to testify in court? . All these questions are essential and need to be answered before a mutual agreement for an appraisal assignment can be reached.

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Contracts Appraisal Tips Appraisal Clients 69

Appraisal Partners Blog

FEBRUARY 9, 2025

The Appraisal Process: Step-by-Step Order the Appraisal: Typically, the lender orders the appraisal through an appraisal management company (AMC) or directly with an appraiser. Appraiser Selection: The appraiser is chosen based on their qualifications, experience, and geographic expertise.

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Appraisal Property Taxes Inspection Sellers 78

Realvals

JUNE 18, 2023

Tax appeal boards are more likely to consider a well-documented, professionally prepared appraisal in a timely manner. Renovating a Home If you are planning to renovate your home, getting an appraisal beforehand is a smart move. Appraisers don’t inspect electrical, plumbing, insulation, or anything else of the sort.

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Appraisal Property Taxes Real Estate Market Value 145

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

DW Slater Company

FEBRUARY 24, 2022

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. Ineligible Transactions.

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Inspection Tools Appraisal Technology 78

AmeriMac

JUNE 15, 2024

Key Highlights Real estate investment properties require accurate appraisals to determine their market value and potential return on investment. The appraisal process involves various valuation methods such as the sales comparison approach, income approach, and cost approach.

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Property Appraisal Investing Appraisal Property Taxes 36

Birmingham Appraisal

NOVEMBER 14, 2023

If agents utilize the same methods appraisers use in their appraisals there should not be a vast difference between the two values and the likelihood of a deal falling through will be minimized. I’ve listed below the top search criteria I look at when searching for comps during the appraisal process.

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Market Value Agents Appraisal Bracketing 94

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians.

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AmeriMac

APRIL 30, 2023

After their assessments, they produce an appraisal report that contains details about the home’s construction, description of its interior and exterior and recent comparable sales, and other pertinent neighborhood information.

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Appraisal Valuation Appraisal Process Renovations 36

Appraisal Today

SEPTEMBER 6, 2024

We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles“ Some brokers regard the appraiser as an adversary, who potentially can ruin their deal and end up without commission. It’s already built, so what difference does it make about the feasibility of its construction as if new!?

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Real Estate Agent Real Estate Appraisal Agents 92

The Robert Weiler Company

OCTOBER 21, 2022

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. Question 6: What is the overall commercial real estate appraisal process?

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Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

JUNE 14, 2021

Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? After the appraiser collects the necessary information about the property, the scope of the work is generally established. Using this forecast, the appraiser can estimate the value. Conclusion.

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Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JUNE 14, 2021

Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? After the appraiser collects the necessary information about the property, the scope of the work is generally established. Using this forecast, the appraiser can estimate the value. Conclusion.

Appraisal 36

Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JUNE 14, 2021

Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? After the appraiser collects the necessary information about the property, the scope of the work is generally established. Using this forecast, the appraiser can estimate the value. Conclusion.

Appraisal 36

Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. Understanding the commercial real estate appraisal process is crucial for anyone involved in the buying or selling of commercial properties.

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

JULY 15, 2021

The appraiser will look at the house’s features, such as number of bedrooms and bathrooms; its construction, such as whether it’s brick or frame; its age and its square footage. Lastly, he or she will look at neighborhood features, such as nearby schools or parks and recent sales of similar homes in the neighborhood.

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Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? In my city, a commercial building constructed of shipping containers was proposed for a long-vacant site at the primary access to the city’s historic shopping street.

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Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. Appraisers must, therefore, frame their response within the matrix of avoiding any of any and all types of biases, not merely racial biases. million, according to Realtor.com®.

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Appraisal Contracts Real Estate Architecture 81

Housing Wire

JANUARY 19, 2022

To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

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AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. This is why home appraisals are advised to ensure property costing is as fair as possible. Cost Approach.

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Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? What if the home doesn’t appraise for the contract value? How much does it cost?

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Real Estate Appraisal Inspection Contracts 28