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

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. You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. What just happened? It’s not fair.

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Appraisal Reconsideration of Value Agents Market Value 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

Birmingham Appraisal

SEPTEMBER 26, 2023

Some people will say that it is market value because you have a willing buyer and a willing seller. 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. For sellers, this can be appealing, as it may justify a higher asking price.

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Real Estate Agent Real Estate Clients Agents 94

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

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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Appraisal Bracketing Training Development 87

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.

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Inventory Real Estate Sellers Buyers 84

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Offer Over Asking Sellers often price their homes aggressively to incite bidding wars.

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Sellers Inspection Buyers Bracketing 74

Lamacchia Realty

MARCH 12, 2024

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

Inspection 74

Inspection Buyers Sellers Real Estate 74

Raleigh Realty

MARCH 29, 2021

Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field. During due diligence, you'll need to hire someone to do a property inspection and appraisal. USDA loans are for those in the low to moderate-income bracket.

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Government Real Estate Agent Insurance Property Taxes 148

Town & Country Residential Appraisals

DECEMBER 16, 2019

As a VA Panel appraiser, we have access to something called “Tidewater” on VA orders. They tell, “How much do sellers want,” but not the other half of the story, “how much are buyers willing to pay.” We had this provided once, and in the agent’s defense, it was a very hard market to appraise in. A recent sale.

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Bracketing Contracts Real Estate Agent Agents 36

Lamacchia Realty

FEBRUARY 22, 2023

Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

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Inspection Buyers Sellers Bracketing 41

Housing Wire

NOVEMBER 22, 2024

If one would normally pay 20% based upon their tax bracket, they will pay 10% instead. This could be a huge win-win-win (country, seller, buyer). Meanwhile, the seller saves a huge chunk on this highly appreciated asset. Per the IRS, the largest bucket of filers pay a cap gains tax at 15%.

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Marketing Investors Investing Housing Market 468

Appraisal Today

DECEMBER 13, 2024

December 13, 2024 Whats in This Newsletter (In Order, Scroll Down) LIA ad – Each appraisal is unique The Ultimate Guide to Unique Property Appraisals Americas Most Expensive Property Is Sitting in a Flood ZoneWill Anyone Buy the $295 Million Estate? Almost all appraisers appraise unique properties, if only occasionally.

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Appraisal Contracts Real Estate Mortgage 78