Housing Wire

NOVEMBER 23, 2020

Steve Price, senior vice president of trustee operations at Auction.com, said this is likely because of the shift to vacant or abandoned properties that often come with more deferred maintenance – but the average price relative to estimated full market value increased to a 6.5-year year high in September.

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Buyers Real Estate Investors Retail 533

Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Fannie Mae recently announced the Value Acceptance + Property Data solution. Well, a cure for appraisal gap anxiety has appeared on the scene.

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Appraisal Contracts Valuation Tools 476

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

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Inspection Appraisal Appraisal Process Buyers 459

Housing Wire

NOVEMBER 5, 2024

The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. But they aren’t the only housing professionals impacted by these changes.

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Appraisal Business Real Estate Agent Real Estate 370

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. However, I believe that they’ve put too much value in their “values” Valuation is not their expertise.

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Valuation Market Value Appraisal Real Estate 364

Appraisal Buzz

DECEMBER 9, 2024

By applying these methods, appraisers can provide reliable, accurate valuations that reflect current market conditions and ensure the appraisal’s credibility and acceptance. Authors note: I may use time adjustments and market conditions adjustments interchangeably.

Appraisal 358

Appraisal Marketing Valuation Tools 358

The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? Unfortunately, reality television shows aren’t the best platform for learning how to value a small business (or a company of any size). Question 1: Why do I need to understand business valuation?

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Valuation Business Buyers Market Value 147

Appraisal Hub

JULY 26, 2024

Imagine you could get a report card for a home, highlighting each element that adds or subtracts value. This is called property valuation. Whether buying, selling, or refinancing a property, a meticulous and professional appraisal is essential to ensure fair market value. What Is Property Valuation?

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Valuation Buyers Market Value Insurance 78

Appraisal Buzz

MARCH 25, 2024

The transaction is a complex interplay between buyer and seller. The hypothetical interaction of the typical buyer (who embodies the collective thought and action of the whole market of buyers) with the typical seller (who similarly embodies the collective thought and action of the whole market of sellers).

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Sellers Appraisal Real Estate Buyers 379

Appraisal Buzz

OCTOBER 3, 2022

According to the Uniform Standards of Professional Appraisal Practice (USPAP), the rules that all professional appraisers are required to abide by, appraisers must take into consideration all market trends and other influences on property value in their valuation opinions. USPAP Rule 1-3 (d) (v) makes this clear.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

JULY 6, 2022

The MSR market has been on a bit of a tear since the start of the year, with values rising rapidly and creating opportunities for many lenders to bolster their balance sheets. Monthly valuations of the MSRs for both offerings will be performed by Incenter Mortgage Advisors , KBRA reports.

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Investing Finance Mortgage Valuation 397

Cleveland Appraisal Blog

MARCH 30, 2021

TODAY’S HOME BUYERS ARE LIKE THE CARP. This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. This year, it appears that buyer panic is even worse than last year. That is a lot of bread!

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Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say. These differences can cause volatile MSR values.

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Sellers Investors Valuation Finance 321

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. This is a good strategy for agents who are looking to work with buyers as well as sellers. Who’s it for? Who’s it for?

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Real Estate Open Houses Agents Sellers 468

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” McKinsey reports that the real estate industry will see a productivity gain of $110 billion to $180 billion, primarily in marketing and sales. Which real estate functions can AI outperform humans I asked GPT-4 about real estate valuation.

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Real Estate Agent Real Estate Agents Tools 370

Cleveland Appraisal Blog

JANUARY 19, 2023

Unless you’re in the property valuation profession, you may not have. The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value.

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Appraisal Transportation Buyers Real Estate 283

Miller Samuel

MARCH 19, 2019

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. That article came out in 2014 right as the housing market was peaking. The market value of these properties will be based on a "comparable sale-based valuation method."

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Real Estate Law Development Investors 370

Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. That can have a big impact on market value. Not professional appraisers.

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Appraisal Market Value Legal Property Appraisal 353

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value. Is there anything about the improvements that would positively or negatively impact its market value? It should provide information on the trends for prices in that area. IMPROVEMENTS.

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Appraisal Market Value Development Clients 341

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.

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Appraisal Law Development Valuation 309

DataMaster

APRIL 6, 2021

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. In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. The appraisal alerts the lender as to the value of the home.

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Appraisal Appraisal Process Buyers Legal 158

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why.

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Development Appraisal Valuation Market Value 337

D Fritz Appraisals

SEPTEMBER 11, 2023

Whether you are planning to sell in the near future or not, most people want to be reassured that any major renovations they invest in will be reflected in an increased home valuation. While any renovations that improve the function or look of your home are a good idea, some have a better return on investment value than others.

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Renovations Home Value Valuation Market Value 121

Boston Appraisal

AUGUST 4, 2020

While there are other appraisal reporting methods, the URAR is the appraisal you will most likely receive when valuing any single-family residential property. The Three Valuation Sections of an Appraisal Report. There are three valuation sections of an appraisal report – the cost, sales comparison and income approaches to value.

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Appraisal Real Estate Valuation Market Value 148

Appraiserblogs

NOVEMBER 11, 2022

I mean no disrespect to the modelers of the Automated Valuation Models (AVMs) or to Zillow for relying on their AVMs. Does the buyer want more acres, or less grass to cut? Related Posts: Non-Appraisers Valuation Never Appropriate Here is a NAR deck on AVMs (automated valuation models). Tax Values Just as Accurate as AVMs?

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Appraisal Valuation Lending Investing 112

Realtor

DECEMBER 4, 2019

Here’s more on the home appraisal process, so you can learn the true value of your future home. An appraiser’s job is to determine the current value of a property for the potential buyer. Then the buyer pays the appraisal fee in the closing costs. What is the job of an appraiser?

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Appraisal Real Estate Inspection Property Appraisal 138

Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

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Appraisal Renovations Architecture Appraisal Process 147

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

The Robert Weiler Company

SEPTEMBER 16, 2021

The goal of a real estate valuation is to pinpoint the price and value of a property. Now consider the buyer of a residential property, typically an individual looking for a place to call home. The most critical factors for commercial property investors are not the same as the typical home buyer.

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Real Estate Appraisal Property Appraisal Valuation 147

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. Also known as bifurcated appraisals, hybrid appraisals employ a more streamlined appraisal approach that involves separating the valuation aspect of an assessment from the property inspection portion.

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Appraisal Inspection Appraisal Process Valuation 135

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. Each specific market is different. The biggest answer is inventory.

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Inventory Marketing Supply Chain Appraisal 133

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

(MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes.

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Agents Appraisal Renovations Development 373

D Fritz Appraisals

MAY 13, 2024

Whether selling a cozy condo in the heart of downtown or a sprawling estate in the countryside, having a checklist to sell a house is essential to organizing yourself, maximizing your home’s value, and appealing to potential buyers. Selling a home can be exciting and daunting, but with the proper guidance and preparation (i.e.

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Real Estate Buyers Sellers Appraisal 120

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. Valuation Date : The valuation date is critical in these appraisals.

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Appraisal Market Value Valuation Law 78

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. Surveying land will determine its size, boundaries, and exact property lines; appraising land will determine its current market value.

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Appraisal Valuation Real Estate Market Value 78

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. If you’re selling or dividing assets post-divorce, the appraised value ensures that you’ll receive a fair sale price.

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Appraisal HOA Easement Valuation 130

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. is a wise choice.

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Appraisal Property Taxes Valuation Market Value 78