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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. 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.

Appraisal 358
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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. But not always. Okay, maybe not.

Appraisal 402
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On Time Adjustments

Appraisal Buzz

Measuring and analyzing changes in market conditions are critical and fundamental elements in real estate appraisal. This is simply because such a value conclusion has as its base a specific date in time, the effective date of appraisal. However, this raises the question of which time period should the appraiser measure?

Contracts 284
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Lease-Purchase Arrangements: Another Path to Homeownership?

Appraisal Buzz

The buyer rents the home as a tenant first, typically paying an up-front fee or down payment under an option contract to preserve the right to purchase the property within a set time period. appeared first on Appraisal Buzz. Under a lease-purchase arrangement, the property seller also acts as the landlord. million adults living in 1.2

Landlords 221
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Here’s what is happening in local housing markets across the country

Housing Wire

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Single-family homebuyers who entered contract, meanwhile, slalomed to 12 total in July compared to 46 a year earlier, per the report. Aspen, Colorado. Of those 12 homes purchased, 10 cost at least $5 million.

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Appraisal Reports Are Like Flipbooks

Cleveland Appraisal Blog

They were one of the original forms of animation according to that article. APPRAISAL REPORTS. Have you ever read a real estate appraisal report? Have you ever read a real estate appraisal report? Each section should contribute a little to the overall story of the value of the home being appraised. NEIGHBORHOOD.

Appraisal 346
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3 Ways Agents Can Help Appraisers to Be More Accurate

Cleveland Appraisal Blog

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. An appraiser may miss that sale through no fault of their own.

Agents 378