Cleveland Appraisal Blog

APRIL 21, 2022

Often personal ideas of value are different than market value because the value is in the eyes of the beholder, which does not account for the entire market of potential buyers. Market value, therefore, considers the entire pool of potential buyers of homes that are similar to, and that compete with the property being appraised.

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Market Value Appraisal Agents Real Estate Agent 350

Eppraisal

MAY 24, 2024

Sellers must understand foundation issues can lower their home value, while buyers could pay between $2,161 and $7,780 for costly repairs, depending on the fix.    Unpermitted Work Certain renovation projects can significantly increase home values. However, buyers viewing homes should be wary of inconsistent paint jobs.

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Real Estate Agent Home Value Sellers Buyers 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. The lender initiates legal proceedings against the borrower to foreclose on the property. Foreclosure. Step 4: Refine Your List of Lender-Owned Properties.

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Inspection Real Estate Agent Real Estate Agents 69

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. Plot/blueprint or property survey.

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Appraisal HOA Easement Valuation 129

Birmingham Appraisal

JUNE 11, 2024

The value might be assessed as of the inspection date or, in some cases, as of a past date. This can attract serious buyers and prevent prolonged market time. The owner had recently made some updates and renovations and wanted to make sure they got all of their money back from the investment.

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Appraisal Property Taxes Valuation Real Estate 84

Birmingham Appraisal

JUNE 9, 2022

” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. If this does not happen then the wishes of the person leaving the will and the legal requirements for the estate may not be met. If the property is being sold to a third-party buyer.

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Appraisal Legal Real Estate Design 52

Listing Spark

AUGUST 9, 2024

How to Sell Your Home With Online Tools in Less Time Modern buyers aren’t finding their next home by driving around to seek open houses or acquiring a house from a family friend. Today, at least 52% of buyers find their future home online—so that’s precisely where sellers need to be. It’s cost-effective.

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Business Tools Real Estate Buyers 28

McKissock

FEBRUARY 21, 2021

Primarily, the issues revolve around the following aspects: Financial and legal responsibilities : This financial responsibility primarily includes things like any debt obligations like a mortgage, that may be attached to the inherited property. This means having to renovate the house so that it is in good condition, which is never cheap.

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Real Estate Agent Property Taxes Real Estate Legal 56

Listing Spark

SEPTEMBER 5, 2023

While their advice and services can be helpful, you aren’t legally required to use one. You can sell your home as an FSBO by following these five basic steps: Make repairs or renovations to your home (if applicable). Make repairs or renovations to your home (if applicable). Next, set your listing price.

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Realtors Real Estate Agent Real Estate Renovations 36

PennyMac

AUGUST 14, 2024

Flexibility in Moving: Typically, you'll have up to 60 days post-closing for moving, giving you ample time for packing, furnishing or even some renovations. Try to create a blank canvas for a buyer to easily envision living there, along with their own personal belongings, loved ones and lifestyle.

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Real Estate Agent HOA Finance Real Estate 36

Zillow

SEPTEMBER 24, 2016

In most parts of the country, sellers (and agents) are required to document any known defects - whether current or past - to potential buyers. But some sellers don’t play by the rules and will try to get one past a buyer. What do sellers disclose to potential buyers? Is a disclosure the same as an inspection?

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Real Estate Inspection Sellers Buyers 36

Aedis Appraisals

JANUARY 12, 2018

Regardless of whether you happen to be a lender or buyer, it’s important for you to understand the salient details of contemporary real estate appraisals, especially if your forthcoming transaction is lucrative and vital to your financial future. Precise estimates of renovation and improvement values. Legal settlements and litigation.

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Real Estate Appraisal Valuation Legal 36

AmeriMac

JANUARY 15, 2024

The home appraisal process involves a thorough inspection of the property, analysis of market conditions, and the creation of a comprehensive appraisal report. The appraisal report provides an accurate valuation of the property, which is crucial for both buyers and sellers in real estate transactions. What Does a Home Appraiser Do?

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Appraisal Appraisal Process Valuation Real Estate 36

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. During due diligence, you'll need to hire someone to do a property inspection and appraisal. And if you're looking at a popular house, you could lose out to a more prepared buyer. You'll need to do some renovations.

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Government Real Estate Agent Insurance Property Taxes 148

The Robert Weiler Company

OCTOBER 21, 2022

Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. The commercial real estate appraiser must consider everything that could affect a property’s value; some factors include property conditions, neighborhood, economy, market conditions, legal factors, and even the political climate.

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Real Estate Appraisal Property Appraisal Valuation 60

Quicken Loans

MAY 18, 2021

Each option comes with its own set of legal, financial and emotional implications, which means you’ll want to deeply consider all three before making a final decision. In any case, you’ll want to have a clear grasp of the legal ramifications of the home’s existing mortgage to understand how it will impact your repayment plans.

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Landlords Decorating Market Value Mortgage 55

Realvals

JUNE 18, 2023

And third, to prove your property’s worth to potential buyers. Armed with this information, you’ll be able to set a competitive price that will attract buyers and maximize the sale. During negotiations with buyers, having an appraisal in hand can prove the property’s value in the case of any uncertainty.

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Appraisal Property Taxes Real Estate Market Value 145

Raleigh Realty

FEBRUARY 19, 2022

They can keep buyers up at night after going under contract on a home. Mortgage lenders will almost always require a home appraisal when buyers apply for a loan, as lenders want to ensure the buyer isn’t overpaying for the home. 9 Things to Know BEFORE Your Home Appraisal Home appraisals.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? On the other hand, interest rates should rise, and since so much of real estate is financed, it would reduce the amount that buyers can afford to pay, thereby reducing demand for primarily financed properties. Buyers Beware?

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Housing Market Marketing Real Estate Realtors 68

Zillow

MAY 8, 2017

What's a love-struck home buyer to do? For instance, when interiors photographer Josh Gibson decided to renovate his 19th-century cottage in Beaufort, SC , he had to contend with the historic district landmarks commission, which required hours of research and visits downtown. The stairs are creaky, and you've noticed a leak (or three).

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Renovations Inspection Real Estate Buyers 36