Realtor

SEPTEMBER 19, 2023

. “People think we know the value of the property as soon as we see it,” says Michael Coyle , the founder of The Coyle Group in Lafayette Hill, PA. A good understanding of the home appraisal process will go a long way toward comprehending how your home’s value is determined.

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Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. Take finished square footage for instance.

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Birmingham Appraisal

JANUARY 29, 2025

Brush Up On Your Appraisal Knowledge Most people have a basic understanding of the appraisal process. If you’ve ever purchased a home or refinanced your mortgage you’ve most likely had to get your home appraised. This commitment to objectivity is important to the appraisal process.

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AmeriMac

MARCH 15, 2025

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Appraisal management involves coordinating and overseeing the valuation process to ensure compliance with industry standards like USPAP in the US.

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Realtor

FEBRUARY 18, 2025

What is a drive-by appraisal? A drive-by appraisal is a streamlined method of estimating a homes market value. In this approach, an appraiser relies on publicly available data, such as tax records and recent sales of comparable homes, combined with an evaluation of the propertys exterior.

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AmeriMac

JANUARY 31, 2025

Understanding Real Estate Appraisals in New Albany In real estate transactions, a real estate appraisal is very important. A qualified professional appraiser gives an unbiased estimate of the property’s market value. Real estate agents and appraisers often do CMAs.

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AmeriMac

MAY 30, 2024

In this comprehensive guide, we will delve into the world of desktop appraisals, exploring their definition, key characteristics, and the differences between desktop and traditional appraisal. Desktop appraisals are especially common in cases where homeowners are seeking home equity loans or refinancing their mortgages.

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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. That is, until one takes a closer look. Age is a good example. Now starts the wear and tear.

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Cleveland Appraisal Blog

JANUARY 13, 2022

But, it happens enough that it can create a little skepticism in the minds of an appraiser. By the way, if you’re a real estate agent, you no doubt have experienced these same issues with some that you work with or work for. Of course, this can be due to the motivations of each party.

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Realtor

DECEMBER 15, 2016

But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do.

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Realtor

DECEMBER 15, 2016

But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do.

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Realtor

MAY 15, 2023

. “For a hybrid appraisal, the inspection, sketch, and photos are completed by a third party,” says Matthew Love , a HUD/FHA-approved Certified Residential Appraiser at Real Estate Bees. ” Why is the hybrid appraisal becoming popular? When is the hybrid appraisal used?

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D Fritz Appraisals

MARCH 16, 2021

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Birmingham Appraisal

SEPTEMBER 15, 2022

If the bank uses a waiver it is still a good idea for the borrower to obtain an appraisal of their own to make sure that they are not paying more than the home is worth. Appraisal vs Home Inspection. As you can see, there are major differences between home appraisals and home inspections and both are very important. Conclusion.

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Birmingham Appraisal

JUNE 19, 2024

Understanding Confidentiality in Real Estate Appraisal The confidentiality of an appraisal report is a cornerstone of professional appraisal practice. This process is separate from the private appraisal conducted for mortgage, sale, or other purposes.

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Birmingham Appraisal

NOVEMBER 20, 2024

Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. Some of the data points studied include results from the three approaches to value.

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Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? There is a difference.

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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.

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Realtor

MARCH 7, 2023

The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit. The USDA home loan appraisal process To prove that a home meets the USDA’s criteria, all homes financed by USDA loans must undergo an appraisal.

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Realvals

JULY 27, 2022

As a real estate appraiser in California, I often hear this question, and the answer is almost always the same. It’s the client who pays for the home appraisal. Home appraisal process. The home appraisal process will differ depending on what you need the appraisal for.

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Birmingham Appraisal

SEPTEMBER 28, 2022

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. One of these changes is the use of the hybrid appraisal by lenders. What Is A Hybrid Appraisal? Things To Consider With Hybrid Appraisals.

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Boston Appraisal

JUNE 24, 2019

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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Appraisal Partners Blog

JANUARY 14, 2025

This means the appraiser will analyze not only the value but also the property’s ability to sell quickly at that price. Both the employee and the employer need accurate valuations as soon as possible so that the process may continue without delay. Quick turnaround is a vital part of the relocation appraisal process.

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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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AmeriMac

DECEMBER 30, 2023

Whether you’re a first-time homebuyer or a seasoned seller, this guide will provide you with all the information you need to make informed decisions during real estate transactions involving REO appraisals. Accurate appraisals are vital for facilitating smooth real estate transactions.

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AmeriMac

APRIL 18, 2021

The world of real estate is full of a plethora of professional activities including appraisals. An appraisal refers to an in-depth and precise evaluation of the current market value of your property. Initially, buyers, sellers and lenders would request expert appraisers to manually appraise their property.

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AmeriMac

APRIL 18, 2021

The world of real estate is full of a plethora of professional activities including appraisals. An appraisal refers to an in-depth and precise evaluation of the current market value of your property. Initially, buyers, sellers and lenders would request expert appraisers to manually appraise their property.

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AmeriMac

NOVEMBER 30, 2024

AMCs help ensure these assessments are accurate, supporting a stable and open housing market. As the real estate market changes all the time, AMCs help manage these changes in todays market. They create a clear and efficient way to handle the appraisal process.

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AmeriMac

DECEMBER 15, 2024

The appraisal management process is essential in real estate transactions, especially for securing a home loan. It helps to get an objective and fair assessment of a property’s market value, and a low appraisal can also serve as a negotiating tool for buyers. They act as an independent party.

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AmeriMac

SEPTEMBER 24, 2024

In real estate transactions, the appraisal process is critical. It helps determine a property’s market value. An appraisal is an expert’s view of how much a property is worth. Sometimes, the appraisal value could be lower than what you expected.

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Birmingham Appraisal

SEPTEMBER 3, 2024

In this post, I’ll walk you through five common pricing mistakes that real estate agents and sellers often make and provide practical advice on how to avoid them. Overpricing Based on Emotional Value The Mistake: One of the most common pricing errors is overvaluing a home based on emotional factors rather than market data.

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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. Obviously, this appraisal method comes with its share of debate.

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McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Loan officers are typically looking for an assessment of the condition of the house and a rough market value to put on the mortgage documents. Homeowners may have questions about the appraisal process itself and may ask the appraiser for tips on how to improve the valuation. Call today!

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AmeriMac

APRIL 18, 2021

The world of real estate is full of a plethora of professional activities including appraisals. An appraisal refers to an in-depth and precise evaluation of the current market value of your property. Initially, buyers, sellers and lenders would request expert appraisers to manually appraise their property.

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AmeriMac

SEPTEMBER 15, 2023

The appraisal process is an essential part of real estate transactions. The appraisal value can make or break the deal, whether buying or selling a property. But what happens when the appraised value comes in lower than expected? This is where rebuttal appraisal comes in.

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PennyMac

SEPTEMBER 2, 2024

Read on to learn the important role the Loan Processor plays in the mortgage process, what to expect and tips for facilitating a smooth experience. The Loan Processor’s Role You may love your real estate agent and rely on your inspector, but the relatively unknown Loan Processor is equally important in getting you the home you want.

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Appraisal Partners Blog

JANUARY 10, 2025

These standards are designed to prevent conflicts of interest, to promote impartial decision-making, and to guarantee that property valuations reflect the true market value, based on data, not on external pressure or influence. The ethical practice of appraisal is not a suggestion, its a requirement.

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