Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. It is critical that title professionals and our industry partners spread awareness about this type of fraud and educate buyers about the steps they should take to protect themselves.

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Sellers Real Estate Agent Real Estate Insurance 370

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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Law Real Estate Appraisal Lending 100

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. About the Author.

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Appraisal Law Development Valuation 312

Miller Samuel

NOVEMBER 30, 2018

If the buyer realizes they overpaid for the property, the agents are now the professionals with the bullseye on their back. The seller and the buyer determined the market value by agreeing on the price." "The seller and the buyer determined the market value by agreeing on the price."

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Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

MAY 26, 2023

The property is then listed, typically below market value to generate interest in the listing. Unfortunately, it’s just the latest evolution of wire fraud that affects title companies, law firms, lenders, realtors, and home buyers and sellers.” All of the communications occur through digital or email interfaces.

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Sellers Real Estate Realtors Real Estate Agent 397

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

Cleveland Appraisal Blog

AUGUST 11, 2022

In that case, potential buyers will lay down an ‘as-is’ offer, which means they will acquire the home in its current condition. 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. Buyers may walk away from the purchase.

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Renovations Buyers Appraisal Investing 221

Birmingham Appraisal

JANUARY 29, 2025

Closed sales show what buyers recently paid, but active listings reveal current competition, and pending sales highlight what buyers are willing to pay before deals officially close. By analyzing all three, appraisers get a well-rounded view of the markets activity. Many times the quality of the amenity will vary as well.

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Appraisal Appraisal Process Valuation Buyers 63

Realvals

JUNE 18, 2023

And third, to prove your property’s worth to potential buyers. They will also analyze local market trends, recent comparable sales, and any unique features your property might have. Armed with this information, you’ll be able to set a competitive price that will attract buyers and maximize the sale.

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Appraisal Property Taxes Real Estate Market Value 145

Empire Appraisal Group

OCTOBER 5, 2023

A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. This value is essential for tax reporting and compliance.

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Appraisal Market Value Valuation Law 78

Lamacchia Realty

APRIL 10, 2024

A property’s value can be negatively affected if the pool is in need of a lot of repairs. Some buyers do not want to deal with the added maintenance and costs involved with owning a pool and may be deterred from submitted an offer on the home. For those kinds of buyers, this does add value to the property.

Law 74

Law Buyers Renovations Decorating 74

D Fritz Appraisals

SEPTEMBER 9, 2024

It might come as a surprise to you to learn that first-time buyers in BC are getting older. With the increase in purchase prices, it’s taking first-time buyers longer to save and young people are living with their parents longer. What Does the Future Hold? Fritz Appraisals Inc.

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Real Estate Appraisal Housing Market Property Appraisal 123

Listing Spark

JANUARY 5, 2025

Selling a house as-is in Texas means the buyer agrees to buy the home in its current condition, and the seller opts to sell as is without making any repairs. How the as-is clause in Texas can be confusing The as-is clause in Texas can be confusing for both home sellers and potential buyers. What does it mean to sell a home as-is?

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Inspection Sellers Real Estate Agent Contracts 36

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 75

Genworth MI Blog

JUNE 27, 2019

Will the appraised value be sufficient for the loan?”. Will I be seen as overstepping the law? This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. If I have questions, what am I allowed to ask?

Appraisal Tips 78

Appraisal Tips Appraisal Law Inspection 78

Genworth MI Blog

JUNE 27, 2019

Will the appraised value be sufficient for the loan?”. Will I be seen as overstepping the law? This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. If I have questions, what am I allowed to ask?

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Appraisal Tips Appraisal Law Inspection 78

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. This is commonly known as the law of diminishing returns.

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Market Value Agents Appraisal Bracketing 94

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. markets, but they’ve been steadily expanding. What Is An iBuyer?

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Sellers Buyers Agents Real Estate Agent 55

Will Springer Realtor

MAY 10, 2022

How do buyers get caught up in the web of a cybercriminal? One of the most common scenarios involves scammers hacking into the email accounts of buyers and various professionals working on the closing of a home sale. This is yet another “buyer beware” alert during the home-purchase process. Seniors are a particular target.

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Real Estate Buyers Valuation Law 69

Birmingham Appraisal

JUNE 19, 2024

This means that, as an appraiser, I am bound to keep your appraisal report and its findings confidential, sharing them only with those whom you have authorized or as required by law. This includes the details within your appraisal report, such as the appraised value of your property, and any analyses or conclusions drawn by the appraiser.

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Appraisal Appraisal Process Clients Real Estate 83

Hank Miller Team

JANUARY 25, 2022

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. Market Value Market value anticipates the “a home should sell for” question. How reliable is it?

Home Value 52

Home Value Market Value Buyers Inventory 52

Lamacchia Realty

JULY 24, 2024

Property Ownership Transfer Laws in the US Property ownership in the US is subject to all three levels of law, federal, state and local. Property owners are responsible for ensuring all matters conducted on their land remain compliant with relevant federal, state, and local laws.

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Legal Real Estate Sellers Government 74

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. A home appraisal determines the fair market value of a home. While there are different laws for different states, Fannie Mae has a general list of requirements on their site.

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Appraisal Process Appraisal Construction Sellers 139

McKissock

JUNE 8, 2021

His intent was to buy the house from his parents and relocate his law offices there. He ordered appraisals from three different appraisers, and the purchase price was to be the average of the three value opinions. In this case, he was also the client. He knew there’s no correct answer in appraising.

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Appraisal Contracts Clients Law 73

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. Appraisers should be careful not to perform analysis and/or provide opinions and conclusions that would fall under “practicing law without a license.”

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Contracts Appraisal Market Value Real Estate 64

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. Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Appraisal vs Home Inspection.

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Appraisal Inspection Appraisal Process Real Estate Agent 98

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. We’ll have to cut price or find another buyer. It’s important to note that we’re in this situation in the first place because we didn’t get a cash buyer. What just happened? 3) Bargaining—I can fix this! It’s not fair.

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Appraisal Reconsideration of Value Agents Market Value 78

Empire Appraisal Group

FEBRUARY 9, 2023

One of those guidelines requires building departments to not issue building permits to homes in special flood zones when repair costs exceed 50% of a home’s market value until the property owners raise their homes so that flood waters are less likely to cause damage in the future. That’s going to be a huge problem,” he said.

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Insurance Supply Chain Law Government 78

The Robert Weiler Company

SEPTEMBER 16, 2022

Hiring a well-established, local company to perform the Ohio conservation easement appraisal can provide peace of mind given their history and local market knowledge.) Essentially, the donation equals the difference between the property’s fair market value, before and after the easement takes effect.

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Easement Appraisal Development Property Appraisal 148

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. home buyers. For our housing market, it’s time to have that talk. It can often be trying and tiring.

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Buyers Inventory Law Development 36

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. Some people falsify their property's information to increase its market value. Remember, the soil type often influences land value depending on its intended purpose. Fabricating the Property's Information.

Property Appraisal 52

Property Appraisal Appraisal Valuation Appraisal Process 52

Birmingham Appraisal

SEPTEMBER 17, 2024

Location factors can significantly impact market value due to various economic, social, and environmental variables. Location influences: Desirability: Certain areas attract more buyers due to schools, shopping, parks, or proximity to work centers. Actionable Tip: Study the market data for hyperlocal neighborhoods.

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Agents Real Estate Agent Real Estate Appraisal 62

Lamacchia Realty

AUGUST 12, 2021

Fixer-uppers tend to be popular among real estate investors as well as first-time homebuyers as they present an opportunity to buy below market value. By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster.

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Renovations Finance Inspection Buyers 69

AmeriMac

OCTOBER 28, 2024

Sold below market value, they often require significant repairs. Appraisers must fully understand foreclosure processes, legal issues, and local market trends to set the correct market value for REO properties. They must carefully work through these challenges to provide fair value for lenders and potential buyers.

Property Appraisal 36

Property Appraisal Appraisal Legal Valuation 36

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. 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. A clean interior can make a very good first impression when a prospective buyer comes to inspect your house.

Appraisal 52

Appraisal Renovations Home Value Inspection 52

The Robert Weiler Company

OCTOBER 21, 2022

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. You may need a commercial valuation for many reasons.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Town & Country Residential Appraisals

DECEMBER 2, 2019

What is the Highest and Best Use - There are 4 tests that a property should pass in order to determine the market value of that property. Legally Permissible - If I build a home on the riverfront, only to find out that the law prohibits building in that area due to flooding, then I will have wasted a great deal of time and money.

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Market Value Valuation Law Legal 36