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Real estate appraisals: What agents should know

Housing Wire

One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. What is a real estate appraisal? A real estate appraisal is the assessment of a property’s value. Appraisals are required for homes financed with any type of mortgage. Why are appraisals important?

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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. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. An appraiser may miss that sale through no fault of their own. NO BLANK FIELDS.

Agents 378
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Understanding FHA Appraisals: Requirements and What to Expect

Appraisal Partners Blog

If you’re considering buying a home with an FHA (Federal Housing Administration) loan, you’ll need to understand the specific requirements for FHA appraisals. Why are FHA Appraisals Different? This is the key difference from a conventional appraisal. Report Review: The lender reviews the appraisal report.

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Why Appraisers Don’t Depreciate Land

Cleveland Appraisal Blog

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. In other words, how long will the improvements contribute value to the land?

Appraisal 283
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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

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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10 Questions on the Cost Approach and Highest and Best Use

Appraisal Buzz

It is clear most appraisers do not like to perform the analytics inherent in the Cost Approach. This may be because most appraisers simply do not appreciate its power. However, where does the form instruct the appraiser not to complete the analytics of the Cost approach ? Consider these 10 Cost Approach questions.

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BC Assessment vs Home Appraisals

D Fritz Appraisals

House Appraisal vs BC Assessment: How They Impact Your Homes Value Understanding the difference between residential home appraisals vs BC assessments. These two commonly misunderstood yet crucial home evaluation tools, help to navigate the complexities of the real estate market in British Columbia.