Appraisal Buzz

AUGUST 16, 2021

Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market. I’ve been consuming more news articles, blogs, and podcasts than ever before, but there are always some questions that never seem to get answered. This is true, but the value of what.

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Market Value Buyers Appraisal Sellers 448

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” 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.” So how can real estate agents be so cavalier about their job?

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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.

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Appraisal Market Value Contracts Agents 262

Cleveland Appraisal Blog

AUGUST 11, 2022

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. 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.

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Renovations Buyers Appraisal Investing 221

Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. employ certified professionals who understand the nuances of the local market.

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Appraisal Property Taxes Valuation Market Value 78

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).

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Birmingham Appraisal

SEPTEMBER 3, 2024

In this post, I’ll walk you through five common pricing mistakes that real estate agents and sellers often make and provide practical advice on how to avoid them. Overpricing Based on Emotional Value The Mistake: One of the most common pricing errors is overvaluing a home based on emotional factors rather than market data.

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Appraisal Sellers Real Estate Market Value 52

D Fritz Appraisals

SEPTEMBER 9, 2024

Here are a few unusual strategies eager buyers are employing to break into the housing market: Home Hacking – purchasing a multi-unit property, living in one unit, and renting out the remainder to cover the cost of the mortgage payment Crowdfunding – do you have a large social media following? Fritz Appraisals Inc.

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Real Estate Appraisal Housing Market Property Appraisal 107

Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. In this blog post, I will explore how residential real estate appraisers can assist accountants in their work, highlighting specific examples of their contributions. If you liked this post subscribe by email (or RSS feed ).

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Real Estate Appraisal Valuation Legal 67

JMV Lending

MARCH 16, 2022

“I knew a guy who sold his house for $100,000 under the market value because he felt like it…” said nobody. My point is that no seller is ever going to knowingly sell a property for under market value in this day and age – when listing information is made available to everyone via […].

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Appraisal Market Value Lending Sellers 78

DW Slater Company

NOVEMBER 30, 2022

Days on Market. Days on the Market continue to climb. Sellers are no longer getting over list price. Bringing up the housing market during Thanksgiving dinner – Sacramento Appraisal Blog. Market Value Definition Outdated? – Birmingham Appraisal Blog. Months of Supply. Sneak Peek.

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Real Estate Housing Market Appraisal Marketing 95

Birmingham Appraisal

SEPTEMBER 17, 2024

.” It’s one of the most important factors when evaluating a property’s value, yet it’s often misunderstood or overlooked during the Comparative Market Analysis (CMA) process. Location factors can significantly impact market value due to various economic, social, and environmental variables.

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Agents Real Estate Agent Real Estate Appraisal 60

Birmingham Appraisal

JUNE 13, 2023

This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such.

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Real Estate Agent Real Estate Agents Reconsideration of Value 83

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.

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Appraisal Real Estate Real Estate Agent Contracts 81

Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.

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Sellers Buyers Agents Real Estate Agent 55

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

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Real Estate Agent Real Estate Agents Appraisal 81

The Robert Weiler Company

SEPTEMBER 18, 2022

Any loan for a property is based on the appraisal value. As a land buyer, owner, or seller, understanding the true market value of the real estate in question is important. Buying land can turn into a lucrative investment, just as selling land can bring the seller a high return on their investment.

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Appraisal Valuation Real Estate Market Value 78

Appraiserblogs

OCTOBER 7, 2021

Newsom This law requires a purchase agreement in a real estate transaction to inform a seller and buyer of the opportunity to report, through the Department of Consumer Affairs’ internet website or telephone number, any suspicion of a discriminatory appraisal by the holder of a real estate appraiser license.

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Birmingham Appraisal

MAY 21, 2024

Condition and Age of the Property The age and condition of a home directly impact its market value. Renovations and updates can reduce these effects by increasing a home’s market appeal and extending its lifespan. The Local Real Estate Market Understanding the dynamics of the local real estate market is essential.

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Home Value Architecture Renovations Real Estate 72

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. If you liked this post subscribe by email (or RSS feed ).

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Appraisal Buyers Real Estate Investing 80

Appraisal Today

SEPTEMBER 20, 2024

percent from one week earlier Appraised Value Vs. Sale Price Excerpts: Property sellers often ask professionals who are performing appraisals for mortgage lending, “Why is an appraisal even needed? However, when it comes to appraised value vs. sale price, they are not the same thing. Unlike value, price is not an opinion.

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Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For sellers, this can be appealing, as it may justify a higher asking price.

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Real Estate Agent Real Estate Clients Agents 91

Cornerstone

APRIL 30, 2021

It’s an ideal time for sellers to take advantage. Sellers who may have been reluctant to list in the past few years are now considering it. Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. percent from the year before. Not only that, but 17.8

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Sellers Buyers Inventory Loan Officers 66

Lamacchia Realty

SEPTEMBER 13, 2022

comparative properties or “comps” is the primary way market values can be indicated, however in a volatile market such as this one in 2022, other factors need to be considered. 2) Under Agreement Date of Sold Properties This is as important as #1 but it is often overlooked by home sellers and agents.

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Inventory Sellers Agents Buyers 74

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.

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Market Value Appraisal Buyers Marketing 418

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. Home appraisals are done by licensed appraisers trained in valuing real estate properties. They provide an unbiased assessment of a property’s value.

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Appraisal Renovations Mortgage Inspection 36

Appraisal Today

JUNE 21, 2024

NOTE: Please scroll down to read the other topics in this long blog post overpriced homes, appraising 3,000 years ago, AMCs good bad ugly, unusual homes, mortgage origination stats, etc $85M Oceanfront Legacy Estate in the Hamptons (NY) Excerpts: 10bedrooms, 12.5+ To read more, Click Here My comments: Read this blog post.

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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

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?

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Appraisal Market Value Investors Buyers 84

Boston Appraisal

NOVEMBER 6, 2020

Reason #1: The Range of Value The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. A real estate appraisal measures the actions of typical buyers and sellers in the marketplace and rarely do two buyers offer the same exact amount.

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Appraisal Market Value Sellers Real Estate 78

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. Comps in the Post-COVID Market. The market dynamics are changing quickly and drastically in this post-COVID world.

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Marketing Sellers Buyers Market Value 74

AmeriMac

FEBRUARY 15, 2024

It provides an unbiased estimate of a property’s value based on various factors, including its condition, location, and comparable properties in the area. This blog will provide an overview of the home appraisal review process, including why it’s necessary, what to expect, and how to navigate potential discrepancies.

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Appraisal Sellers Valuation Market Value 36

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. baths, 5,550 sq.ft.,

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Birmingham Appraisal

FEBRUARY 20, 2024

The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible. While the agent acts on behalf of their seller, it is important for their pricing strategy to also be based on the most up-to-date and accurate market data.

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Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

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Housing Market Bracketing Marketing Sellers 69

Will Springer Realtor

OCTOBER 19, 2021

The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). Yes, “crap!”

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Contracts Appraisal Sellers Real Estate Agent 41

Riverfront Appraisals

JANUARY 18, 2021

In this blog post, we’re starting with the end. Hey friends! Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […].

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