Appraisal Buzz

NOVEMBER 29, 2021

This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) To receive this subscription directly, click here.

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Valuation Supply Chain Bracketing Appraisal 370

Appraisal Buzz

SEPTEMBER 5, 2024

Moreover, a majority of Americans (27%) from all income brackets, including the mass affluent and above, reported that they have been compelled to set up a payment plan or other arrangement in order to help with making monthly payments. These respondents make up 48% of the shockingly large number of persons who face these challenges.

Buyers 370

Buyers Insurance Bracketing Mortgage 370

Appraisal Buzz

AUGUST 26, 2024

The price growth for the intermediate and upper price brackets was 4.6% The post Pending Sales for Starter Homes Up by Double Digits appeared first on Appraisal Buzz. They don’t want a big backyard and a pool, they just want something efficient, with minimal ongoing maintenance required.” In July, the average U.S. Driven by an 18.8%

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New Listings Bracketing Inventory Buyers 444

Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.

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Bracketing Reconsideration of Value Final Inspection Appraisal 78

Appraisal Buzz

AUGUST 12, 2024

An increasing number of individuals in this age bracket are choosing to pool their money and purchase residences with friends rather than facing these financial obstacles alone. appeared first on Appraisal Buzz. This is according to new CoreLogic research , with additional insight from business executive Praveen Chandramohan.

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Bracketing Lending Real Estate Finance 370

Appraisal Buzz

DECEMBER 13, 2024

Areas with a larger share of households entering this age bracket can expect stronger long-term demand for homes, affecting new construction and market stability. The post Targeting 2025s 10 Top Housing Hot Spots appeared first on Appraisal Buzz. Click here for more on NARs 10 Top Housing Hot Spots for 2025.

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Inventory Bracketing Buyers Housing Market 370

Appraisal Buzz

JULY 9, 2024

On average, there are 240,000 active mortgages in each 1/8th of a percentage point bracket in the 7-7.625% range; however, there’s a noticeable spike of 690,000 loans with rates just below 7%. As noted in the report, 4 million first lien mortgages originated since 2022 have 30-year rates above 6.5%, with 1.9

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Bracketing Mortgage Marketing Appraisal 195

Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

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Appraisal Process Reconsideration of Value Final Inspection Bracketing 88

Cleveland Appraisal Blog

JUNE 30, 2023

I welcome back guest blogger June Duncan who wrote this article for the Cleveland Appraisal Blog. Here are some tips to help you transition to a new city and begin a new chapter in your life, shared below by Cleveland Appraisal Blog. Additionally, visit sites like Cleveland Appraisal Blog for great information.

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Appraisal Real Estate Agent Bracketing Decorating 240

Riverfront Appraisals

JUNE 13, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others? appeared first on Riverfront Appraisals.

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Reconsideration of Value Final Inspection Appraisal Bracketing 80

Premier Home Appraisal Blog

AUGUST 11, 2024

Winchester/Shenandoah Valley Home Appraisal Lunch and Learn Maximize your deals and avoid leaving money on the table with our expert guidance! Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. All things appraisal property inspection.

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Real Estate Appraisal Process Appraisal Bracketing 98

Premier Home Appraisal Blog

MAY 17, 2023

Price like a Real Estate Appraiser! Are you a real estate professional or mortgage lender looking to learn more about the home appraisal process? Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. All things appraisal property inspection.

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Appraisal Bracketing Appraisal Tips Inspection 98

Realvals

AUGUST 4, 2022

One of the most essential parts of any appraisal is the comparable properties that the appraiser chooses for the Sales Comparison Approach. This article will go into detail about the appraisal comparable guidelines used by appraisers and the exact characteristics that appraisers look for in comps.

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Appraisal Bracketing Real Estate Buyers 78

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions. In the process of pricing a home, comparing it to other similar-sized properties is essential.

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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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Agents Appraisal Real Estate Agent Bracketing 94

Birmingham Appraisal

APRIL 11, 2023

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.

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Realtors Bracketing Appraisal Buyers 92

Birmingham Appraisal

MARCH 26, 2024

This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. They wanted to know if it was okay to use new construction sales in an appraisal of an older home. Appraisal Process To answer this it’s important to understand the appraisal process.

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Construction Appraisal Appraisal Process Bracketing 79

Genworth MI Blog

NOVEMBER 29, 2018

A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization. Limited appraiser availability. In 2008, Congress passed the Housing and Economic Reform Act.

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Appraisal Marketing Training Bracketing 78

Genworth MI Blog

NOVEMBER 29, 2018

A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization. Limited appraiser availability. In 2008, Congress passed the Housing and Economic Reform Act.

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Appraisal Marketing Training Bracketing 78

Portland Appraisal Blog

AUGUST 8, 2020

“Why is an appraiser asking me about an old comp?” The appraisal report is not for lending: The overwhelming majority of appraisal reports are written for a lending institution due to a sale or refinance—certainly over 90% and most likely approaching 99.9%. I’ve had to use nine comps on occasion.)

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Appraisal Bracketing Lending Agents 78

Clear Capital

DECEMBER 21, 2022

As an appraisal quality leader and former field appraiser, I know firsthand that working in the real estate appraisal industry can be a wild ride. Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. . Location, location, location.

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Appraisal Bracketing Clients Market Value 69

Clear Capital

NOVEMBER 14, 2022

How do you feel when an appraisal revision request pops up in your inbox in the morning? You already painstakingly checked your appraisal report the previous night before hitting ‘send’ and now you’re on your screen the next day, making revisions to the same report under a tight deadline! . How to prevent appraisal revision requests.

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Appraisal Lending Bracketing Inspection 69

Portland Appraisal Blog

APRIL 14, 2019

Streaking through the atmosphere is a meteor scientists have dubbed “the appraisal”; it came of out nowhere and impacts your deal at hypersonic velocity, obliterating it in an instance. If so, you’ve probably run through the five stages of grief: 1) Denial—there’s no way that idiot appraiser killed my deal! There must be some mistake.

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Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

APRIL 14, 2023

Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. The rest of the post is a very good case study To read more, click here My comments: I have appraised many fixer-uppers.

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Appraisal Bracketing Valuation Contracts 52

Birmingham Appraisal

MARCH 26, 2024

This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. Appraisal Process To answer this it’s important to understand the appraisal process. Appraisal Process To answer this it’s important to understand the appraisal process.

Construction 88

Construction Appraisal Process Appraisal Bracketing 88

McKissock

FEBRUARY 15, 2022

Now, 26 years later, Fannie Mae has announced that appraisers will be required to comply with ANSI Z765 as of April 1, 2022. In this post, I discuss how I got the first copy, why I adopted it way back then, and why I recommend that all appraisers consider taking a course on the ANSI Z765 measuring standard. The Appraisal Foundation.

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Birmingham Appraisal

AUGUST 14, 2024

An Interesting Trend Among New Homes As a residential real estate appraiser in the Birmingham, AL market for over 30 years I have seen many changes in new home construction. Effectively bracketing the comparable sales used will give you the most accurate indication of value. appeared first on Birmingham Appraisal Blog.

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Bracketing Construction Design Real Estate 62

Clear Capital

MARCH 4, 2024

These tips are specifically designed with you in mind, to help minimize the number of revision requests you receive through a well-supported and credible appraisal report! This approach captures location and provides bracketing for features. Why is it important to choose sales that capture the subject’s immediate location?

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Bracketing Appraisal Real Estate Valuation 36

Portland Appraisal Blog

JULY 20, 2019

Appraisers endeavor to take the measure of a neighborhood with a variety of charts and graphs. This is reflected in the age histogram showing most of the homes falling in the 91-97 years bracket. Appraisal Reports. If you are a homeowner and are looking to sell your home, you would greatly benefit from a prelisting appraisal.

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Bracketing Appraisal Real Estate Marketing 78

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. If you have any questions feel free to contact me, I’d be glad to speak with you.

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Market Value Agents Appraisal Bracketing 93

Birmingham Appraisal

SEPTEMBER 26, 2023

On the other hand, the value that is reflected in most appraisals is a value that reflects what the majority of other market participants are willing to pay. Appraisal Challenges: Listings that were priced using outlier sales can pose challenges during the appraisal process. There is a difference.

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Real Estate Agent Real Estate Clients Agents 94

McKissock

MARCH 10, 2023

Whether you’re a self-employed real estate appraiser or you work for a large company, here are some basic tips and guidelines on how to maximize your retirement savings. And then when you take the money out in retirement, you will pay taxes based on the tax bracket you’re in. The money then grows tax-deferred.

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Investing Bracketing Real Estate Appraisal 86

Birmingham Appraisal

FEBRUARY 6, 2024

In appraising we analyze the competitive market area that our property is located in and when discussing housing stats it’s important to study the housing numbers at the same level. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase.

Inventory 84

Inventory Real Estate Sellers Buyers 84

Town & Country Residential Appraisals

DECEMBER 16, 2019

As a VA Panel appraiser, we have access to something called “Tidewater” on VA orders. We had this provided once, and in the agent’s defense, it was a very hard market to appraise in. Taking an average of the local market and giving it with a list of local sales to the appraiser is not “comps.” A recent sale.

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Bracketing Contracts Real Estate Agent Agents 36

Lamacchia Realty

JANUARY 10, 2022

Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different than the appraised value which, these days as prices rise, can be lower than list price. List prices typically reflect the comps (comparative properties) of homes sold in the neighborhood in the past six months.

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Sellers Inspection Buyers Bracketing 74

Zillow

JULY 11, 2019

If you're in the 28% tax bracket, you'll pay a 28% tax on short-term capital gains. Depending on your marginal income tax bracket, these taxes could range from 0% to 15%. In every bracket, however, the IRS takes a smaller cut out of long-term gains than out of ordinary income or short-term gains. Want to Rent Your Vacation Home?

Investing 43

Investing Bracketing Property Taxes Real Estate 43

Lamacchia Realty

MARCH 12, 2024

Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different from the appraised value which, as prices rise, can be lower than the list price. List prices typically reflect the comps (comparative properties) of homes sold in the neighborhood in the past six months.

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Inspection Buyers Sellers Real Estate 74