Remove Architecture Remove Design Remove Market Value
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Restoration of historic Frank Lloyd Wright home complicated by reverse mortgage

Housing Wire

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. The home, designed by Lloyd Wright for real estate developer Joseph Jacob (JJ) Walser Jr.,

Mortgage 332
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What is a Complex Residential Property?

Appraisal Today

Developed over time with the guidance of prominent designer John Saladino initially and then later with the legendary architect Peter Marino who reimagined the structure back in 2005 and oversaw a 10,000 square foot addition to the house. Tssui designed the home for his parents, who lived in it from 1995 until 2014.

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An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Architectural style. The appraisal will consider the market value of the land. Land value depends on: The location. For example, lots in major urban centers tend to have higher values than those in rural locations. The architectural design of the property. Neighborhood. You need land to build a house.

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Savvy real estate agents look beyond ChatGPT

Housing Wire

AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. Combining the strengths of AI with the expertise and insights of real estate professionals could provide the best results in accurately assessing the market value of homes.”

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NAR Appraiser Survey July, 2023

Appraisal Today

The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than market value. Therefore, the final price may not reflect the market value of the property.

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Lenders Not Using AMCs for Appraisals

Appraisal Today

The architectural marvel, known as the Rotating Home, sits high on Mount Helix. Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. It began with a summary of the definitions of highest and best use versus the definition of market value.

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Appraisal Management Software Platform

AmeriMac

An appraisal refers to an in-depth and precise evaluation of the current market value of your property. Designed to provide insightful and precise appraisals, these state-of-the-art software platforms can gain appraisals faster and more accurately. Boasts a unique Cloud architecture and is, in turn, easy to access.