Remove Appraisal Process Remove Housing Market Remove Market Value
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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

Below is a detailed explanation of each technique to ensure the adjustments are well-supported and align with market trends. The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage. A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry.

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How Depreciation Works

Cleveland Appraisal Blog

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. What do they indicate and how do appraiser’s measure depreciation? This is from a home I recently appraised. At the top is the market value of the home.

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FAQ #2:  What’s the Difference Between Appraised Value and Market Value?

Riverfront Appraisals

If you’ve been following me for any length of time, you know I’ve talked a lot about market value. Way too many people still think that market value is simply what a buyer is willing to pay for a property. […]. The post FAQ #2: What’s the Difference Between Appraised Value and Market Value?

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Skepticism Can Lead to Poor Decisions

Cleveland Appraisal Blog

Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising. That’s the same reason many of our clients require that we make a physical inspection and measure the improvements of the property we are appraising. Housing Notes by Jonathan Miller.

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What is the Role of Market Trends in a Real Estate Appraisal?

Birmingham Appraisal

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. A real estate appraisal is a process of determining the market value of a property.