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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value.

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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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Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

Below is a chart from the National Association of REALTORS article on home buyer regret. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. Some may have over-paid because of costly repairs needed to the property, that the buyer did not know about. PROPERTY TAXES.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. Take a look at some of the most recent press – The New York Times published an in-depth article in April 2022: “Reverse Mortgages Are No Longer Just for Homeowners Short on Cash.”.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

That article came out in 2014 right as the housing market was peaking. Now the buyers of this real estate, who committed to New York City, are being punished by this new tax, the result of which will damage the city’s global brand that took 25 years to evolve. To get specific here’s what happened after this article was written.

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The ultimate open house checklist for new & experienced agents

Housing Wire

Underpriced or unique listings are ideal candidates for open houses, but look for listings that align with your market niche. Task 4: Market your open house Now that youre an expert on the home, its time to start marketing your open house. Business cards get lost, and guests are more likely to hold on to a full-page flyer.

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Flood/Storm Damage – FEMA, Building Permits, 50% of Structure’s Market Value?

CP Home Appraisals

This requirement is true IF the cost of repairs to their home is equal to or greater than 50% of the STRUCTURES market value prior to the storm. The basis of the structure’s market value will be taken from HCAD records but unfortunately these values are terribly inconsistent and generally inaccurate.