Cleveland Appraisal Blog

OCTOBER 27, 2022

How can you prepare for the inspection? Appraisers think about previous sales and the state of the market in your neighborhood. The appraiser will provide your home’s estimated market value in writing afterward. Thank you, Betty, for sharing some great tips to help prepare a home for an appraisal inspection.

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Appraisal Inspection Buyers Advertising 384

Birmingham Appraisal

NOVEMBER 20, 2024

It’s been several weeks now since I’ve blogged and to be honest I’ve missed it. Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am.

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Real Estate Appraisal Inspection Contracts 73

Cleveland Appraisal Blog

JANUARY 13, 2022

Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising. I know of some appraisers who do not measure the properties they appraise, even though they are expected to when making a physical observation (inspection). MEASURING.

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Appraisal Inspection Clients Real Estate 221

Cleveland Appraisal Blog

JANUARY 21, 2021

So, we will call for an qualified professional to inspect the situation to see what, if anything, needs to be done. It is impossible to know the impact on market value until we know if repairs are needed. Because major structural repairs have a negative impact on market value, we must take this situation seriously. .

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Appraisal Inspection Real Estate Market Value 232

Cleveland Appraisal Blog

FEBRUARY 17, 2021

If a home needs major repairs, clearly this can have a negative impact on market value. Especially if the repairs are on the interior since assessor’s usually do not make interior inspections. I explained why a full interior inspection is better. But they insisted on not having an interior inspection made.

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Appraisal Clients Inspection Market Value 217

Cleveland Appraisal Blog

AUGUST 11, 2022

Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. Although you probably won’t be able to sell your home at its actual market value, you will also save a lot of time and money. It is easier to move out of your home.

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Renovations Buyers Appraisal Investing 221

Housing Wire

AUGUST 3, 2023

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.” If readers detect that the content wasn’t written by the agent, another impersonal blog post won’t impress them or instill confidence in the agent’s expertise.

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Real Estate Agent Real Estate Agents Tools 370

Appraisal Hub

MAY 5, 2024

In this blog, I aim to provide valuable insights and tips from an appraiser’s perspective, empowering real estate agents to navigate the appraisal process with confidence. We are tasked with determining the fair market value of a property based on various factors such as location, condition, and comparable sales.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Genworth MI Blog

JULY 13, 2023

Appraisal overview The appraisal is a report with an independent opinion of value of how much a property is worth. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. Subscribe now!

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Appraisal Inspection HOA Real Estate 78

Boston Appraisal

OCTOBER 8, 2022

Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.

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Appraisal Inspection Appraisal Process Valuation 78

Cleveland Appraisal Blog

MARCH 18, 2021

When I made my inspection, I measured the property. My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal. My research and analysis showed that the buyer was about to spend a much higher price than the true market value of this home. Is it worthy of belief? .

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Appraisal Investors Market Value Contracts 195

Town & Country Residential Appraisals

APRIL 10, 2023

Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. You can read the full letter and blog post at [link] How could this go wrong?

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Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection.

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Appraisal Inspection Appraisal Process Real Estate Agent 97

Birmingham Appraisal

MAY 2, 2023

In this blog post, we will discuss the benefits of a retrospective appraisal for estate and tax purposes for the heirs of an estate. A retrospective appraisal is an appraisal that is performed on a property with an effective date that has occurred before the actual date of the inspection.

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Appraisal Market Value Inspection Real Estate 52

AmeriMac

JUNE 30, 2024

In this blog, we’ll cover home appraisal key components, the process, factors influencing values, and tips for buyers and sellers. The appraiser thoroughly inspects the property, noting size, condition, and unique features. Appraiser visits the property and conducts a thorough inspection to assess its value.

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Appraisal Renovations Mortgage Inspection 36

DataMaster

APRIL 15, 2021

Inspections. Inspections take up a chunk of each day. Paperwork made up the first hours of the day for the early risers since no homeowner is going to let an appraiser in for an inspection in the middle of the night! Inspections often started the workday for our later risers. and possibly by their thoroughness as well.

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Appraisal Inspection Real Estate Business 97

Birmingham Appraisal

JUNE 13, 2023

They cannot base their value opinions on anything other than their own analysis of the market data and their professional judgment. If you choose not to be at the property during the appraisal inspection let the appraiser know you are available to answer any questions they may have.

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Real Estate Agent Real Estate Agents Reconsideration of Value 86

Eppraisal

JUNE 20, 2023

In the first blog of our series, we covered the basics of preparing yourself for buying your first home. In this second blog, we'll guide you through the essential steps to ensure a successful home search. In the next blog, we'll focus on the intricacies of financing your home purchase and navigating the closing process.

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Real Estate Agent Open Houses Real Estate Inspection 36

Riverfront Appraisals

AUGUST 31, 2021

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.

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Construction Appraisal Appraisal Process Loan Officers 115

DataMaster

APRIL 15, 2021

Gentry Inspections Inspections take up a chunk of each day. Paperwork made up the first hours of the day for the early risers since no homeowner is going to let an appraiser in for an inspection in the middle of the night! Inspections often started the workday for our later risers. Gentry Time To Eat!

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Appraisal Inspection Real Estate Business 78

DataMaster

APRIL 15, 2021

Inspections. Inspections take up a chunk of each day. Paperwork made up the first hours of the day for the early risers since no homeowner is going to let an appraiser in for an inspection in the middle of the night! Inspections often started the workday for our later risers. and possibly by their thoroughness as well.

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Appraisal Inspection Real Estate Business 78

Birmingham Appraisal

JUNE 11, 2024

The Many Faces of Real Estate Appraisals Real estate appraisals are required whenever the value of a property needs to be determined. The value might be assessed as of the inspection date or, in some cases, as of a past date. Accurate pricing involves more than adding the cost of improvements to the market value of your home.

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Appraisal Property Taxes Valuation Real Estate 87

Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability. .

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Appraisal Training Contracts Mortgage 84

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Tax Appeal Support: When there is a challenge to a tax assessment, a desktop appraisal may be used to provide a current market value. Thanks to Tom for writing this blog post.

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Appraisal Construction Contracts Architecture 78

Genworth MI Blog

JULY 16, 2020

Recently, Desktop and Drive-by appraisals (no interior inspection by the appraiser) temporarily replaced some interior inspection appraisals as a necessary response to health risks and quarantine orders related to the COVID-19 pandemic. validate the date/time of the picture. prevent/detect manipulation of the geocode information.

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Appraisal Inspection Real Estate Agent Market Value 78

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals.

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Appraisal HOA Easement Valuation 130

Genworth MI Blog

JULY 16, 2020

Recently, Desktop and Drive-by appraisals (no interior inspection by the appraiser) temporarily replaced some interior inspection appraisals as a necessary response to health risks and quarantine orders related to the COVID-19 pandemic. validate the date/time of the picture. prevent/detect manipulation of the geocode information.

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Appraisal Inspection Real Estate Agent Market Value 84

Appraisal Today

AUGUST 30, 2024

This technology accelerates the inspection process, allowing appraisers to focus their expertise on more nuanced aspects of the valuation where their experience and judgement are most critical. Again, I ask, does contract price equal market value? Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Contracts Architecture Mortgage 77

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer. Sign me up!

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer. Sign me up!

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Appraisal Tips Appraisal Law Market Value 78

Appraisal Today

AUGUST 30, 2024

This technology accelerates the inspection process, allowing appraisers to focus their expertise on more nuanced aspects of the valuation where their experience and judgement are most critical. Again, I ask, does contract price equal market value? Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Contracts Architecture Market Value 59

Dart Appraisal

APRIL 9, 2021

While it is typically true that a commercial appraisal will cost somewhat more than a residential appraisal, it is a wise investment to have an appraisal that truly reflects market value and expectations. Sometimes, that is not identifiable until the appraiser performs their appraisal inspection of the subject property.

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Valuation Legal Clients Appraisal 68

East Coast Appraisal

JULY 7, 2022

It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. . Some people falsify their property's information to increase its market value.

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Property Appraisal Appraisal Valuation Appraisal Process 52

Premier Home Appraisal Blog

MAY 30, 2023

By getting a PMI removal appraisal and showing that your home has increased in value, you can show that you have the required equity to SAVE MONEY! This appraisal blog post will explore how our Virginia home appraisal services can get you started on financial freedom. Understanding PMI - What is it, and why do you need it?

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Appraisal Home Value Appraisal Process Insurance 98

Birmingham Appraisal

AUGUST 8, 2023

Well, here’s a secret tip that can give you a competitive edge in the real estate market: Consider getting a pre-listing appraisal before putting your home up for sale. Set it too low, and you may lose out on the true value of your property. They may have concerns about overpaying or doubts about the property’s condition.

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Appraisal Buyers Real Estate Investing 83

McKissock

JANUARY 14, 2022

The standard appraisal report’s definition of market value refers to “typical buyers,” most of whom would become acutely aware of such odors right at the door, and when it’s significant will either walk away or discount their offering price. Want to contribute to our blog?

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Appraisal Tenants Inspection Market Value 77

Birmingham Appraisal

SEPTEMBER 3, 2024

Agents, eager to please their clients or secure a listing, may set the asking price too high, reflecting the seller’s emotional attachment rather than the property’s true market value. Why It’s a Problem: Overpricing can lead to the home sitting on the market for too long, becoming what we call a “ stale listing.”

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Appraisal Sellers Real Estate Market Value 52