Housing Wire

MAY 21, 2024

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

Real Estate Agent 409

Real Estate Agent Real Estate Inspection Valuation 409

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 350

Housing Wire

MAY 25, 2021

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. For example, appraisal turn time has swelled 65% from 2018, according to recent data published by Freddie Mac. Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage.

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Appraisal Valuation Real Estate Modernization 297

Housing Wire

JULY 26, 2024

A controlled transaction can be subject to tighter IRS scrutiny, especially if the property is sold below fair market value. Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. Agree on contingencies.

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Market Value Real Estate Agent Real Estate Finance 382

Appraisal Buzz

JULY 18, 2022

This transfer of negotiating power has already begun with many buyers now being able to elect contingencies such as inspection and/or appraisal – each of which was difficult to include in a competitive offer as recently as 1-2 months ago. The post Market Correction or Seller Panic? appeared first on Appraisal Buzz.

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Sellers Marketing Market Value Home Value 435

Cleveland Appraisal Blog

AUGUST 6, 2021

WAIVING HOME INSPECTIONS. He said this year has been extremely slow for him because people are waiving home inspections to get a competitive edge on other buyers, bidding on the same home. Getting a home inspection is a personal decision. I’ve appraised many thousands of homes over the years. Is this wise?

Buyers 243

Buyers Property Taxes Inspection Market Value 243

Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Modernization Real Estate Agent Appraisal Process Reconsideration of Value 76

Appraisal Hub

DECEMBER 11, 2024

Thats why understanding home inspections and home appraisals is your first step to making a smart investment. Home Inspections: The Detective Work Think of a home inspection as your personal property detective. A home inspection helps you avoid that nightmare. Home Appraisals: Whats the House Really Worth?

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Inspection Buyers Appraisal Investing 78

Riverfront Appraisals

APRIL 20, 2023

This blog is dedicated to the countless homeowners who, as we’re finishing up with the appraisal inspection, ask “well, is there anything I can do to increase the value of my home?” You go to list […] The post FAQ #16: What Can I Do To Increase My Home’s Market Value?

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Market Value Inspection Marketing Realtors 114

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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Appraisal Inspection Appraisal Process Valuation 135

Realtor

DECEMBER 4, 2019

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. A real estate appraisal can let you know whether the amount being asked is a fair purchase price. What is the job of an appraiser?

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Appraisal Real Estate Inspection Property Appraisal 138

Riverfront Appraisals

JANUARY 18, 2021

Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. In this blog post, we’re starting with the end.

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Final Inspection Inspection Appraisal Loan Officers 92

CP Home Appraisals

AUGUST 27, 2018

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does.

Inspection 78

Inspection Appraisal Property Inspector Real Estate 78

DataMaster

APRIL 6, 2021

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold.

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Appraisal Appraisal Process Buyers Legal 158

Realtor

NOVEMBER 7, 2023

Costs of buying a home #4: Inspection You want to be assured your new home is structurally sound and free of surprises such as leaks or pests living in the walls. Home inspection : This is critical for home buyers. Expect to pay $300 to $500 for a home inspection, although cost varies by location.

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Inspection Insurance Sellers Buyers 196

Cleveland Appraisal Blog

JANUARY 13, 2022

If you’re an appraiser, like I am, the nature of our work can at times cause us to become skeptical. But, it happens enough that it can create a little skepticism in the minds of an appraiser. In this article, I am going to focus on the dangers that skepticism can have on an appraiser’s thinking. ADJUSTMENTS.

Appraisal 221

Appraisal Inspection Clients Real Estate 221

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. 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. How Do I Get Ready for the Appraisal on My House?

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Appraisal HOA Easement Valuation 129

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Your home inspection reports. Bring the necessary documentation to closing.

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Buyers Inspection Contracts Real Estate Agent 208

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Property appraisal information Detailed outline or description of each property. These details are more relevant and appropriate in an appraisal. More on that later.

Marketing 392

Marketing Real Estate Agent Clients Tools 392

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Appraisal Property Taxes Real Estate Market Value 145

Cleveland Appraisal Blog

FEBRUARY 17, 2021

So, when might it be worth having an appraisal completed to contest your assessed value? . If a home needs major repairs, clearly this can have a negative impact on market value. Especially if the repairs are on the interior since assessor’s usually do not make interior inspections. POOR CONDITION.

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Appraisal Clients Inspection Market Value 217

Cleveland Appraisal Blog

JANUARY 21, 2021

When performing an appraisal observation, appraisers must look for settlement issues and report on them. Especially if they are believed to be indications of major structural problems because this has an impact on value. Appraisers are not qualified to make these determinations. Settlement cracks! NON-STRUCTURAL.

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Appraisal Inspection Real Estate Market Value 232

Appraisal Buzz

MAY 31, 2022

This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. Throughout, I’ll address current practices and processes of appraisal review, measuring change through observations, and insight as to what is to come. The Appraisal Review.

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Real Estate Valuation Lending Appraisal 221

Boston Appraisal

MAY 17, 2023

The process of determining a property’s market value is called a real estate appraisal. The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction. What does this mean?

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Inspection Appraisal Construction Valuation 148

Realtor

AUGUST 7, 2019

William_Potter/iStock Even if you’re new to this whole selling-a-house thing, chances are good you’ve heard of a home appraisal. And if you know just a little about the process, you know that the appraisal—a value put on your home by an objective third-party expert—can make or break your home sale.

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Sellers Appraisal Market Value Real Estate Agent 111

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

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Appraisal Inspection Appraisal Process Real Estate Agent 96

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.

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Appraisal Process Appraisal Construction Sellers 139

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. In this week’s post, I dispel some common appraisal myths that have been around for years.

Real Estate 87

Real Estate Appraisal Inspection Contracts 87

Cleveland Appraisal Blog

AUGUST 11, 2022

Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. Thanks so much for reading the articles at the Cleveland Appraisal Blog!

Renovations 221

Renovations Buyers Appraisal Investing 221

DataMaster

APRIL 15, 2021

Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. Why are appraisers so happy with their jobs? What makes real estate appraising so enjoyable? Starting The Day.

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Appraisal Inspection Real Estate Business 97

Robinson Appraisal Group

JULY 18, 2019

A hybrid appraisal is a valuation completed by a Licensed/Certified appraiser that is very similar to a desktop appraisal. It is a shorter appraisal form than the traditional appraisal and is performed by an appraiser who typically never visits the property.

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Appraisal Inspection Property Inspector Valuation 78

Realtor

MAY 15, 2023

Getty Images If you need a mortgage to buy a home you have your eye on, it’s standard for your lender to order an appraisal of the property. But when your lender says it’s ordering a hybrid appraisal instead of a traditional appraisal , what does that mean exactly ? The appraisal also protects you as a buyer.

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Appraisal Real Estate Appraisal Process Market Value 107

Realtor

MAY 17, 2023

Before closing on a house, most transactions include a home inspection , so you’ll need to make your home available to the inspector and then negotiate with the buyers about anything the inspection turns up according to the terms of your contract. Another important step prior to closing on a house is the appraisal.

Sellers 142

Sellers Inspection Contracts Property Taxes 142

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “That we research value, we do not assign it.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Realvals

DECEMBER 30, 2016

For homeowners or clients who have limited knowledge of appraisals, here is a list of the different types of appraisal forms that us appraisers typically use. While some of these forms do not apply to every property, these are the typical real estate appraisal forms used by most appraisers in most situations.

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Real Estate Appraisal Inspection Clients 78