Birmingham Appraisal

MAY 21, 2024

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Evaluating home value is essential in this regard. Key Factors For Buyers to Consider 1.

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Home Value Architecture Renovations Real Estate 74

Lamacchia Realty

APRIL 17, 2024

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer.

Home Value 74

Home Value Buyers Realtors Realty 74

Housing Wire

NOVEMBER 7, 2023

“If somebody is concerned about that (taxes), I always put it back on the buyer and ask them, ‘Do you have any control in the increase of your rent payment?’” single-family home was $3,901, up 3% compared to 2021, ATTOM reported. For sure, it can dampen demand and, by extension, harm prices in some markets.”

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Property Taxes Home Value Government Valuation 541

Inman

FEBRUARY 22, 2023

In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession.

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Market Value Marketing Real Estate Home Value 144

Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Market Value Marketing Real Estate Agent Real Estate 74

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation.

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Sellers Marketing Market Value Home Value 435

Housing Wire

JULY 8, 2024

A couple purchased the home in 1969, but took out a $189,000 reverse mortgage on the property in 1997. That has complicated the issues around ownership of the home according to the child of those buyers, who said that interest accumulation on the loan has potentially outpaced its market value.

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Mortgage Design Architecture Market Value 341

D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Home Value Appraisal Real Estate Agent Tools 78

National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

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Home Value Market Value Appraisal Sellers 69

Hank Miller Team

JANUARY 25, 2022

The discussions surrounding the question of “what’s a home worth” will never end, because there is no standard answer. Sure the reflex text book answer is “what a buyer is willing to pay” but that’s hardly the complete picture. A home has a number of “values” and most are not tied to the buyers in the market.

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Home Value Market Value Buyers Inventory 52

Eppraisal

JANUARY 12, 2024

A visually appealing exterior creates a positive first impression, making your property more attractive to potential buyers. Exterior Paint Refresh Consider giving your home's exterior a fresh coat of paint. Spring maintenance is not just a routine; it's an investment in your home's future.

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Home Value Inspection Modernization Buyers 36

Housing Wire

MARCH 9, 2021

“Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated. were used in the report to refer to a person who bought a home in a neighborhood of primarily one race or another in 2019.). By 2021, that number shrank to $24,000.

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Home Value Market Value Brokerage Inventory 497

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.

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Inventory Market Value Appraisal Contracts 243

Town & Country Residential Appraisals

JANUARY 27, 2020

We’ve seen 1 bedroom homes “fluffed” into 4 bedrooms, and 0 bath homes “fluffed” into 1 bath homes - BY BROKERS?! Most home buyers have encountered a “lying listing” — the house for sale that doesn’t even remotely resemble its colorful description in the Multiple Listing Service or classified ad. With binoculars.

Home Value 36

Home Value Decorating Investors Real Estate Agent 36

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. There are three basic causes of depreciation for homes. Obsolescence can cause a loss in home value. In a word, depreciation. What is depreciation?

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Market Value Appraisal Marketing Buyers 244

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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Lending Home Value Mortgage Renovations 458

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.” It first explained how it was better than human agents.

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Real Estate Agent Real Estate Agents Tools 370

Eppraisal

NOVEMBER 19, 2024

Homeowners can expect to see a return on investment through lower utility bills and increased home value. By investing in smart technology, homeowners can reduce waste and lower utility bills, while also increasing their home’s appeal to tech-savvy buyers.

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Investing Technology Renovations Modernization 36

Empire Appraisal Group

AUGUST 8, 2024

The Dangers of Overpricing a Home By Diane Jones Overpricing can scare off buyers, leading a home to be on the market longer. Pricing a home correctly will avoid any problems when it’s time for the appraisal. WASHINGTON – It is definitely best to price your home correctly as soon as the listing goes live.

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Real Estate Sellers Buyers Market Value 78

Eppraisal

FEBRUARY 7, 2023

By contrast, a homebuilder acquires raw land to build on and sell when home values are high. How to Market Raw Land For those who see a profit in selling raw land to developers or other interested parties, getting the most money for the lot is attained through optimal marketing.

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Development Sellers Legal Home Value 69

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Real Estate Appraisal Marketing Market Value 90

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. An appraisal confirms a home’s value.

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Appraisal Appraisal Process Buyers Legal 158

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Each step will get you closer to a successful home closing. Part 1 of our next two posts will dissect the real estate transaction from the buyer's perspective. Closing Finally, it's closing time.

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Real Estate Buyers Inspection Real Estate Agent 36

Eppraisal

MARCH 5, 2024

In addition to the joy and comfort these changes bring into your daily life, renovations can also significantly increase your home’s market value. You enjoy a beautiful and practical home and, should you decide to sell, these improvements can attract more buyers and command a higher price.

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Renovations Modernization Market Value Investing 36

DW Slater Company

FEBRUARY 23, 2023

The demand for housing decreased with the higher mortgage rates as it decreased buyer power. Closely studying our markets is very crucial in understanding current market value for appraisers. Not every market is the same. The charts presented here are just overall trends for all single-family homes in each county.

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Inventory Marketing Supply Chain Appraisal 130

Birmingham Appraisal

SEPTEMBER 17, 2024

Location factors can significantly impact market value due to various economic, social, and environmental variables. As an agent, you will need to recognize and factor in these variables when pricing a home because they play an enormous role in determining how quickly and at what price a property will sell when listed.

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Agents Real Estate Agent Real Estate Appraisal 61

Eppraisal

OCTOBER 31, 2023

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

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Marketing Real Estate Agent Real Estate Valuation 69

Eppraisal

JUNE 18, 2024

" Making your property look as modern as possible can potentially help attract more potential buyers and increase your home’s value. This will provide a ballpark figure for what you can expect to make from selling your home. Conversely, renovations can help if there is little buyer interest.

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Renovations Real Estate Agent Investing Buyers 68

Realtor

AUGUST 7, 2019

Why do appraisals happen late in the home-buying process? Simply put, home appraisals are meant for the buyer’s lender more than any other party. Appraisal value isn’t always the same as market value. So how is market value determined, if not with an appraisal? The final word?

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Sellers Appraisal Market Value Real Estate Agent 111

Lamacchia Realty

APRIL 10, 2024

How this can Decrease Value : Swimming pools can take up most of the yard space and can be expensive to maintain. A property’s value can be negatively affected if the pool is in need of a lot of repairs. For those kinds of buyers, this does add value to the property.

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Law Buyers Renovations Decorating 74

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value.

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Appraisal Renovations Home Value Construction 52

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. Fortunately, you can take several steps to improve your home's appraisal. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller.

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Appraisal Renovations Home Value Inspection 52

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate?

Real Estate Agent 74

Real Estate Agent Real Estate Sellers Realtors 74

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 78

Realtor

MARCH 7, 2023

Additional requirements for direct loans from the USDA Very low-income homebuyers might qualify for a direct loan from the USDA, but applicants should know that these homes must meet extra requirements in addition to those listed above. These loans have no home value limits at all, although they do have income limits.

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Inspection Appraisal Market Value Finance 111

AmeriMac

JANUARY 30, 2024

Moreover, the reverse mortgage appraisal report, reflecting the current home value, significantly aids in the loan application process. The homeowner’s current location also impacts eligibility, as the estimated home value for the reverse mortgage is calculated based on the location.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. An appraisal confirms a home’s value.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78