Appraisal Buzz

SEPTEMBER 26, 2022

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! Once upon a time, there was a rich nation which valued many things. They all liked value. We have rules, we have standards, and we all know the exact definition of value. There were many owners and “wannabe” owners.

Market Value 321

Market Value Sellers Buyers Finance 321

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

Market Value 418

Market Value Appraisal Buyers Contracts 418

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Housing Wire

JANUARY 13, 2022

This article is part of our Housing 2022 forecast series. NAR data shows that first-time buyers have overcome rising home prices to patch together a downpayment, through diversifying their downpayment source, using savings, downpayment help from family and friends and stock market/401k loans to assist in their path to ownership.

Buyers 488

Buyers Inventory Landlords Housing Market 488

Cleveland Appraisal Blog

JANUARY 5, 2023

Sellers are starting to realize that we are no longer in the same market as we were in 2020-2022. The next few months will really be telling about what’s happening in our market. How much of their list price can sellers expect to see in future months? We can expect more listings in the future. I appreciate you!

Housing Market 374

Housing Market Marketing Appraisal Inventory 374

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. The seller will probably never know.

Appraisal 418

Appraisal Market Value Contracts Agents 418

Appraisal Buzz

DECEMBER 9, 2024

Understanding these nuances is crucial for ensuring that time adjustments accurately reflect changing market conditions. To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%. Active listings also provide insight into current seller and buyer motivations.

Appraisal 358

Appraisal Marketing Valuation Tools 358

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

Housing Wire

FEBRUARY 10, 2025

Underpriced or unique listings are ideal candidates for open houses, but look for listings that align with your market niche. Why is the seller moving? Task 4: Market your open house Now that youre an expert on the home, its time to start marketing your open house. How many properties are in the neighborhood?

Open Houses 285

Open Houses Agents Real Estate Property Taxes 285

Cleveland Appraisal Blog

OCTOBER 14, 2021

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. Don’t drink the Kool-Aid that any contract price is reflective of market value.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Cleveland Appraisal Blog

AUGUST 11, 2022

I hope you find her article to be helpful! The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property. I hope her article gave you some things to think about if you find yourself in this situation.

Renovations 221

Renovations Buyers Appraisal Investing 221

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. So how can real estate agents be so cavalier about their job? Chatbots nurture leads.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Appraisal Partners Blog

JANUARY 20, 2025

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. This article will break down the complexities of the appraisal process, providing you with the essential knowledge to navigate this critical aspect of real estate transactions with confidence.

Appraisal 78

Appraisal Inspection Valuation Appraisal Process 78

Appraisal Buzz

SEPTEMBER 20, 2021

This is the second article in a series which discusses some difficult theoretical questions with which appraisers have been confronted in a very practical way. This article will pick up where the last one left off, so you will definitely want to read Part 1 of this series before continuing.

Sellers 195

Sellers Appraisal Inventory Buyers 195

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. The seller will probably never know.

Appraisal 266

Appraisal Market Value Contracts Agents 266

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

Sellers 69

Sellers HOA Insurance Contracts 69

DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. Keven also shared the factors that he considers in determining the market value as a home.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Cleveland Appraisal Blog

FEBRUARY 17, 2021

If a home needs major repairs, clearly this can have a negative impact on market value. Therefore, if a home is in need of some major repairs, it may be worth having an appraisal completed to see if the market value of the home is lower than the assessed value. The assessor may not be aware of these repairs.

Appraisal 219

Appraisal Clients Inspection Market Value 219

Cleveland Appraisal Blog

MARCH 18, 2021

The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal.

Appraisal 195

Appraisal Investors Market Value Contracts 195

McKissock

APRIL 30, 2021

Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value. Remember, in general, market value is defined as the most probable price a property should bring in a competitive and open market. Non-arm’s length sale. Arm’s length sale.

Market Value 88

Market Value Real Estate Appraisal Sellers 88

Housing Wire

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. In light of the recent NAR lawsuit outcome , seller leads are even more crucial. In this article What is circle prospecting? May I ask, have you thought about selling your home, or are you curious about its current market value?”

Real Estate 221

Real Estate Tools Real Estate Agent Agents 221

McKissock

OCTOBER 13, 2020

Between the complexities of the real estate market and the changeable landscape of financing and property value, your clients likely have an abundance of questions regarding the sale of their home. We took a poll of some recent sellers and found the following questions to be the most frequent. Marketing efforts are neutralized.

Clients 84

Clients Advertising Real Estate Market Value 84

McKissock

JULY 6, 2022

Sellers and buyers need to have a clear understanding of who can and will have access to the property in question. For sellers, they need a clear understanding of what showings, open houses, and inspections could entail. Access to the property is a common sticking point between sellers and buyers during a transaction.

Clients 87

Clients Real Estate Contracts Sellers 87

McKissock

OCTOBER 12, 2021

Read the full article here. Read the full article here. Read the full article here. How the Commercial Real Estate Market Is Adapting to Post-Pandemic Needs. “In Read the full article here. In this article, she outlines four proven and creative strategies for expired real estate listings. Industry News.

Real Estate 52

Real Estate Real Estate Agent Agents Clients 52

Birmingham Appraisal

JANUARY 25, 2023

Tips For Agents on How to Adjust For Square Footage I wrote an article once titled “ Price per square foot is not the holy grail of property value ” where I explained that price per square foot should not be the only metric given consideration when pricing a home. If you liked this post subscribe by email (or RSS feed ).

Agents 85

Agents Appraisal Contracts Buyers 85

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. When contract prices and value often differ. I’ve also paid far less than a property’s market value because a seller was vulnerable or desperate to sell.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. Keven also shared the factors that he considers in determining the market value as a home.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. Keven also shared the factors that he considers in determining the market value as a home.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Portland Appraisal Blog

APRIL 14, 2019

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. There is no law forbidding someone from paying more than the average market participant for a home unless the motive for doing so falls under money laundering, bribery, or some other equally nefarious scheme. What just happened?

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

McKissock

OCTOBER 12, 2021

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” Who might buy it?

Appraisal 84

Appraisal Market Value Investors Buyers 84

McKissock

DECEMBER 20, 2021

Even before the pandemic, homebuyers and sellers were experimenting with a new, online model of real estate — instant buying, or “iBuying.” However, do-it-yourself home-buying and selling can be overwhelming because buyers and sellers are inundated with information without knowing what to do with it. You’re Needed Now More Than Ever.

Real Estate Agent 64

Real Estate Agent Real Estate Agents Sellers 64

McKissock

FEBRUARY 21, 2023

If you are still a few years from retirement, find out the approximate current market value of your business, and start looking for ways to increase that value. Buyers and lenders look at what the value of your business is likely to be in the future. It will certainly be much less than the fair market value.

Business 77

Business Appraisal Real Estate Market Value 77

McKissock

JANUARY 31, 2023

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Appraisal Partners Blog

JANUARY 18, 2025

This article will explore the specific challenges, processes, and nuances of commercial appraisals, providing a guide to help you navigate this important aspect of the commercial real estate landscape. Properties with long-term, creditworthy tenants will have a greater value than those with short-term leases with unknown entities.

Investors 78

Investors Appraisal Business Tenants 78

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 80

Appraisal Real Estate Real Estate Agent Contracts 80

Lamacchia Realty

APRIL 15, 2022

Now all the above factors are finding a place to land, and everyone is asking: When will the market change? Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. In fact, it’s already happening.

Marketing 69

Marketing Sellers Buyers Inventory 69

Town & Country Residential Appraisals

JULY 5, 2022

The buyer and seller might have opposing Interests but they equally desire for the sale to close. The buyer obviously wants to have ownership of the home and the seller would like to, for whatever the reason, no longer own the home and either pay off their existing loan and/or walk away with some cash.

Appraisal 58

Appraisal Sellers Agents Real Estate 58