Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Further, should contract price be the metric by which appraisal values are measured?

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Appraisal Contracts Architecture Mortgage 77

Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Further, should contract price be the metric by which appraisal values are measured?

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Appraisal Contracts Architecture Market Value 59

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

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Contracts Real Estate Agent Sellers Real Estate 36

Cleveland Appraisal Blog

MAY 26, 2023

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. But then they had to hire me to perform an appraisal. That’s right! In the other case, my client’s attorney recommended having their marital property appraised.

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Appraisal Real Estate Agent Real Estate Agents 301

Eppraisal

AUGUST 19, 2022

Home buyers almost always have a professional home inspection performed by a licensed inspection company when they purchase a home. However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well.

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Inspection Sellers Advertising Home Value 68

Eppraisal

FEBRUARY 17, 2023

There are two ways in which home values can be estimated by real estate professionals. The average consumer may not know the difference between the two, however, home buyers and sellers need to know. " All in all, a CMA is performed by a real estate agent for a home seller or a home buyer.

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Appraisal Real Estate Agent Marketing Real Estate 36

Cleveland Appraisal Blog

OCTOBER 14, 2021

THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. He shares some excellent insights on the subject.

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Inventory Market Value Appraisal Contracts 243

Eppraisal

DECEMBER 2, 2022

It's a security blanket of sorts for you to be sure there aren't safety hazards and major defects in the home. Contracts to purchase homes have clauses in them that allow buyers to have a professional inspection performed, typically within the first five to ten days of signing the contract.

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Inspection Technology Tools Home Value 69

Appraisal Today

MARCH 3, 2023

== Black-Owned Homes Appreciated Fastest In The Pandemic – Zillow research Black Americans’ housing wealth has made strides, but remains well below that of the typical U.S. household Excerpts: The ratio between Black home values and home values overall is closing. Black home values appreciated 42.5%

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Tools Appraisal Home Value Business 52

Eppraisal

OCTOBER 26, 2021

This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. We're currently at 3.7

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Inspection Buyers Real Estate Agent Contracts 69

Appraisal Today

APRIL 26, 2024

I have also done many relocation appraisals, done before the home is listed. What should appraisers look for in a sales contract? The underwriter revealed that the tool uses a ‘Census Block Grid’ adjustment (CBG) to evaluate comparable property values. You are “graded” on how close you come to the sales price.

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Appraisal Real Estate Real Estate Agent Contracts 78

Eppraisal

JUNE 1, 2021

List your home for sale on the market one minute, and the next you're likely fielding offers. Gay Cororaton, the Research Economist for the National Association of Realtors states, "On average, there were four offers per home sold (closed) in February 2021." Home values are rising because of this.

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Real Estate Contracts Sellers Buyers 64

Raleigh Realty

MARCH 26, 2022

This article will inform you of the reasons why it is beneficial to hire a buyer’s agent when buying a house. There are a lot of great reasons for getting a buyer’s agent to help you find a home, especially in a unique market like the one we are in. Experiences With Contracts Paperwork pushing is a big part of this process.

Real Estate 148

Real Estate Buyers Agents Contracts 148

Eppraisal

JULY 8, 2022

With home values rising and buyers paying high prices for homes, title companies' roles are more important than ever. Buyers paying these high prices for homes deserve protection. In the article, What Does a Title Company Do? There are some contracts that allow the seller to choose the title company.

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Insurance Real Estate Home Value Buyers 36

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

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Sellers Loan Officers Inventory Home Value 66

Eppraisal

MARCH 3, 2023

Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? With the increase in home values over the last couple years, you have a bigger investment to protect against hazards and defects. " The average cost of a home warranty is approximately $450-$700.

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Insurance Home Value Legal Investing 36

Eppraisal

SEPTEMBER 7, 2022

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

Real Estate 69

Real Estate Agents Real Estate Agent Marketing 69

Housing Wire

OCTOBER 22, 2023

In this article, we’ll take you through the Texas real estate licensing process step-by-step, sharing the costs, time commitment and all the details you’ll need to launch your new career. Articles sources & helpful links The National Association of Realtors. Texas Home Values” [link] link] FastExpert.com.

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Real Estate Real Estate Agent Agents Brokerage 435

Housing Wire

NOVEMBER 13, 2023

Course also covers Florida Real Estate Law and Contracts, Valuation, appraisal, financing, federal income tax laws, zoning and planning, environmental issues & more. Use our guide to find the best Florida real estate school for your career goals, learning style, and schedule. This is the equivalent of $32.31

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Real Estate Real Estate Agent Agents Law 468

Eppraisal

AUGUST 30, 2022

Offer Market Price Buyers still need to offer at least market price for a home, perhaps higher. Home values are still going up. " The same article cited the surprising statistics, "In June, the national median listing price for single-family homes was $450,000, up 16.9%

Real Estate 36

Real Estate Buyers Real Estate Agent Marketing 36

Eppraisal

JULY 27, 2022

Home sellers have been reaping the rewards as home values have risen over the past couple years. You can negotiate more than just price when selling your home. However, most real estate attorneys charge a flat fee for their services to represent you from contract date to closing date. You will be glad you did.

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Real Estate Agent Real Estate Brokerage Sellers 36

Eppraisal

MAY 6, 2022

As each builder is different when it comes to landscaping their new construction homes, be sure to discuss what is offered as well as your expectations. Your home price and home value should have some type of landscaping built into the equation. Make sure the details are clearly stated on your sales contract.

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Construction Contracts Home Value Buyers 36

Eppraisal

OCTOBER 2, 2021

Home prices continue to increase and sellers are reaping the rewards of quick sales. According to an article written by Danielle Hale on Realtor.com, "Homes continue to sell faster than a year ago." Your agent should know the real estate contract like the back of her hand. There is more to consider than just price.

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Agents Real Estate Agent Marketing Real Estate 36

Chicagoland Appraisal Blog

JULY 13, 2017

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The article touches on a variety of things that I’d like to respond to such as the reference to the shortage of appraisers.

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Appraisal Marketing Realtors Real Estate 78

Appraisal Today

JULY 26, 2024

If you do residential lender appraisals, read this article. Other recent appraisals of the same property had steadily increased in value, yet this appraisal resulted in a dramatic drop, despite the Denver market experiencing substantial growth in home values at that time. Sign up for monthly auto renewal for $8.25!

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Appraisal Valuation Reconsideration of Value Contracts 83

Appraisal Today

SEPTEMBER 29, 2023

The article in Mortgage News Daily titled “Mortgage Application Volume at Lowest Levels Since 1996” in this link provides context. Risk to Home Values. Eby said that when the market correction happens, it will render millions of homes essentially uninsurable and therefore cause their value to drop. percent from 11.0

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Insurance Appraisal Contracts Mortgage 80

Appraisal Today

FEBRUARY 23, 2024

I wrote an article Why I am an appraiser, in a recent paid monthly newsletter (excerpts below). I read articles online and in the local newspaper, but they didn’t have much information. Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article!

Appraisal 69

Appraisal Real Estate Contracts Reconsideration of Value 69

Eppraisal

JANUARY 13, 2023

You want to ask prospective seller's agents if they will prepare a written comparative market analysis (CMA) to help you determine the price you should list your home for and the price range in which it will sell. Home values are important to sellers. Will You Work with Me from Contract to Close?

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Sellers Agents Open Houses Real Estate Agent 36

Eppraisal

JANUARY 10, 2023

For example, it has been a super seller's market the past few years as home values have risen. Not only should the agent you hire know the area, but they should also understand the changing home values in the area as well. However, the market is starting to balance out in many areas. What is your commission?

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Agents Buyers Real Estate Agent Brokerage 36

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. I have included some of the articles below. Did anyone think in early 2020 that home values all over the country would go off the charts?

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Appraisal Today

JUNE 28, 2024

This finding indicates that we cannot reject the role historic discrimination has played in the evaluation of home values. To read more, Click Here My comments: This article is definitely worth reading. The article is a long, so you may want to scroll down to “Implications of the Current System,” a summary.

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Valuation Appraisal Real Estate Real Estate Agent 59

Appraisal Today

AUGUST 4, 2023

The censorship is part of a march toward what appraiser and podcaster Phil Crawford has coined “universal basic home value” – a utopian vision among idealogues in which government technocrats dictate the supposed value of a property using algorithms and machine learning. They really help. Take charge of your business.

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Appraisal Business Contracts Real Estate 73

Appraisal Today

JUNE 10, 2022

Articles available: Business slow? If this article helped you understand non-lender appraisals, it is worth the subscription price!! “Americans have seen home values rise at record rates over the past few years. from 0.51 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Contracts Business Mortgage 52

Appraisal Today

OCTOBER 25, 2024

The complaint alleges Mykhailyna used sales from distant, majority-Black areas, ignoring closer sales, and undervalued the property by over $200,000 compared to an appraisal less than a year earlier, despite rising home values. from 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Contracts Real Estate Mortgage 77

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year.

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Real Estate Sellers Home Value Inventory 36

Appraisal Today

NOVEMBER 4, 2022

Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. from0.88 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Reconsideration of Value Appraisal Inspection Advertising 52

Housing Wire

NOVEMBER 30, 2023

Check out the best schools for exam prep courses with helpful study aids in our article 7 best real estate classes in Ohio for 2024. You’ll also want a sponsoring real estate brokerage that offers administrative support, including inputting MLS information, helping with contract follow-up, and handling other office tasks.

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Real Estate Real Estate Agent Brokerage Agents 457