Housing Wire

MAY 21, 2024

Meanwhile, the average winning bid relative to after-repair value has been rebounding nationwide after a short-lived dip at the end of 2023 — both for foreclosure auctions and for REO auctions. The after-repair value is the estimated market value of a property in fully repaired condition.

Marketing 454

Marketing Investors Real Estate Investing 454

Riverfront Appraisals

AUGUST 31, 2021

This month’s blog post will be all about new construction appraisals. The post The Loan Officer’s Guide to Appraisals Part 9: New Construction appeared first on Riverfront Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process.

Construction 115

Construction Appraisal Appraisal Process Loan Officers 115

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. I had new construction sales that were very comparable. I also developed the replacement value, and I had comparable land sales from the neighborhood.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Simonson Real Estate

JULY 10, 2020

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios. What is Market Value As Is and When is it Used? The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Housing Wire

APRIL 8, 2021

By October, the market value of Zoom exceeded that of Exxon-Mobile , reflecting the dichotomy of an intransigent society staying at home and working remote. The stock value of Zoom grew 650% during this one year as many other aspects of the economy slowed or shuttered as a result of the shutdown.

Development 447

Development Lending Mortgage Marketing 447

Birmingham Appraisal

MARCH 26, 2024

They wanted to know if it was okay to use a new construction sale as a comp for an older home. Then, we put all this information together to come up with our professional opinion of the market value. The cost approach is most relevant for new or like new construction.

Construction 86

Construction Appraisal Process Appraisal Bracketing 86

Appraisal Buzz

AUGUST 26, 2024

Consider this example: If the remaining economic life is extracted from the market at 42 years, and economic life is 60 years, 42/60 = 70% of cost is market value. When marginal cost is $100, and market reaction is 70% of cost, a market-supported GLA adjustment is $70. Did you notice the similarity with paired sales?

Valuation 369

Valuation Appraisal Marketing Market Value 369

Appraisal Buzz

OCTOBER 2, 2024

billion in market value as of June 30, 2024. We are proud to have constructed one of the most durable and high-quality portfolios of MSR in the market and this partnership will allow us to benefit from Rocket’s industry-leading servicing capabilities and retention rates.

Mortgage 195

Mortgage Clients Market Value Investing 195

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 new construction in the area? Is there anything about the improvements that would positively or negatively impact its market value? What is the density of the area?

Appraisal 341

Appraisal Market Value Development Clients 341

Birmingham Appraisal

MARCH 26, 2024

They wanted to know if it was okay to use new construction sales in an appraisal of an older home. Then, we put all this information together to come up with our professional opinion of the market value. The cost approach is most relevant for new or like new construction.

Construction 77

Construction Appraisal Appraisal Process Bracketing 77

Appraisal Buzz

MAY 24, 2021

This tactic uses the land’s price, plus the construction fees and minus depreciation. Essentially, you calculate each unit’s fair market rent based on other rentals located in the neighborhood. Then, you multiply your numbers by the Gross Rent Multiplier to arrive at the property’s fair market value.

Appraisal 397

Appraisal Tenants Buyers Landlords 397

George Dell

MARCH 9, 2022

The conditions of the market, in real estate, means the relationship between supply and demand. Supply and demand issues (at a point in time) are particularly important for new construction. In such cases, forecasting may also be important where build-out and rent-up times affect value.

Marketing 221

Marketing Construction Real Estate Market Value 221

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. The distance will really depend on your market and your knowledge of the surrounding neighborhoods. Select active listings comps Choose active listings near to the subject property.

Marketing 404

Marketing Real Estate Agent Clients Tools 404

Cleveland Appraisal Blog

JUNE 17, 2022

What’s the difference between a newly constructed home and a hundred-year-old home? When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated.

Appraisal 279

Appraisal Development Market Value Tenants 279

Eyes on Housing

JULY 16, 2021

According to NAHB’s latest estimates, changes in prices for softwood lumber products that occurred between April 17, 2020 and July 08, 2021 are enough to add $29,833 to the price of an average new single-family home, and $9,990 to the market value of an average new multifamily home. Read More ›

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Market Value Marketing Construction 183

Boston Appraisal

MAY 17, 2023

The process of determining a property’s market value is called a real estate appraisal. The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction.

Inspection 148

Inspection Appraisal Construction Valuation 148

Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. MBA forecasts that the unemployment rate will dip below 4% next year, ending the year at 3.5%. What if it doesn’t?).

Marketing 479

Marketing Mortgage Supply Chain Inventory 479

Housing Wire

MAY 25, 2021

An automated valuation model (AVM) provides an estimate of market value for a subject property at a specific point in time. To determine a value for the subject property, the most common AVM method is the use the prices of comparable properties that were recently sold. Greater Similarity…Stronger Connection.

Valuation 197

Valuation Training Home Value Market Value 197

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The appraiser will determine which of the values is most appropriate and reflective of demonstrating the market value of the property being appraised. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why.

Appraisal 337

Appraisal Development Valuation Market Value 337

Realtor

AUGUST 7, 2019

Appraisal value isn’t always the same as market value. We know, the lingo can be confusing, but trust us on this one: The “appraisal value” isn’t always the same as the “market value” of your home. So how is market value determined, if not with an appraisal? The final word.

Sellers 111

Sellers Appraisal Market Value Real Estate Agent 111

Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. And it is a marginal rate tax - only the amount above each threshold is taxed.

Real Estate 370

Real Estate Law Development Investors 370

Boston Appraisal

AUGUST 4, 2020

So, let’s say the appraiser decides that comparable #3 is a better indicator of value and places more weight on that value, the appraiser may conclude that the market value of your property is $242,500. In this example, the appraiser determined that the indicated value by the cost approach was $259,050.

Appraisal 148

Appraisal Real Estate Valuation Market Value 148

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

AUGUST 3, 2023

Geoff Hinton, a professor at the University of Toronto, and two students, constructed a viable neural network. 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.”

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Cleveland Appraisal Blog

DECEMBER 19, 2021

Adding a small outbuilding is another construction project that is worth considering, especially if you have a larger yard. Should You Turst An Algorithm For Your Home’s Value? But Are They Market Value? However, turning a closet or pantry into a workstation could work if you don’t have a spare room or yard space.

Appraisal 195

Appraisal Home Improvement Design Modernization 195

D Fritz Appraisals

SEPTEMBER 11, 2023

If you are looking to sell quickly or have a limited budget, it is worth researching the renovations that increase home value the most. knows which renovations can add market value – and which will make your home more valuable to you but won’t necessarily increase the selling price. Fritz Appraisals Inc.

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Renovations Home Value Valuation Market Value 120

MN Real Estate Services

APRIL 20, 2017

Unlike most home appraisals, there are usually far fewer comprable (comps) properties with which to do an accurate valuation based on market activity. Appraisers use three approaches to value in Appraisal Practice when determining the Market Value of a property: The Sales Comparison Approach. The Cost Approach.

Real Estate 78

Real Estate Appraisal Valuation Market Value 78

Raleigh Realty

FEBRUARY 19, 2022

A home appraisal determines the fair market value of a home. Of course, if you're in a hot market and believe the home is worth what you're offering, you could save yourself time and energy by skipping the appraisal process. Does a Newly Constructed Home Need an Appraisal? What is a Home Appraisal?

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

DW Slater Company

FEBRUARY 23, 2023

There are multiple reasons that inventory is still low but two major reasons, are that building costs and supply chain issues keep new construction from building as much to meet demands and existing homes are not coming on the market. Closely studying our markets is very crucial in understanding current market value for appraisers.

Inventory 133

Inventory Marketing Supply Chain Appraisal 133

Appraisal Hub

NOVEMBER 23, 2022

But to ensure that your property is sold for fair market value, you’ll need the guidance of a reliable appraisal company. Why you need appraisal services in Toronto: Find the Right Value for Your Property. Set Realistic Goals. Appraisal companies in Toronto only provide impartial opinions based on data and research.

Appraisal 78

Appraisal Property Appraisal Market Value Investing 78

Simonson Real Estate

OCTOBER 23, 2020

The client should be clear that the assessment is performed at a point in time and that the market value opinion is – as of a specific date – the effective date. Since COVID, one key area that takes on heightened importance is our regional and local market analysis section’s current environment. Regional Analysis is Relevant.

Appraisal 143

Appraisal Retail Tenants Real Estate 143

Realvals

JUNE 18, 2023

An appraisal will provide you with the current market value of your real estate. In some cases, if you and your spouse cannot reach an agreement on the value of your shared property, a court may require a professional appraisal. You’ll learn the current market value, and even valuable income info if requested.

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Appraisal Property Taxes Real Estate Market Value 145

Appraisal Hub

OCTOBER 16, 2024

A property appraisal is a detailed evaluation of your home’s market value conducted by professional appraisers. Appraisal companies use their knowledge of the local market and factors like size, location, and condition to accurately estimate what your home is worth today. What is a Property Appraisal?

Property Appraisal 78

Property Appraisal Appraisal Renovations Market Value 78

Appraiserblogs

OCTOBER 4, 2022

The possible exception to this are highly dense urban developments where the new construction homes are cookie cutters, and the builder sells. Properties, especially comparables, seldom, if ever, sell for the very same or extremely similar prices. If that is the case, how can there be an exact “PREDOMINANT” figure?

Appraisal Process 124

Appraisal Process Lending Appraisal Construction 124

Realtor

AUGUST 7, 2019

Appraisal value isn’t always the same as market value. We know, the lingo can be confusing, but trust us on this one: The “appraisal value” isn’t always the same as the “market value” of your home. So how is market value determined, if not with an appraisal? The final word.

Sellers 78

Sellers Appraisal Market Value Real Estate Agent 78

Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. They get to choose the upgrades, the style and layout of the home. Once the home is lived in, it can never be considered “new” again. Now starts the wear and tear.

Appraisal 222

Appraisal Real Estate Real Estate Agent Loan Conditions 222

Appraisal Hub

JULY 26, 2024

Imagine you could get a report card for a home, highlighting each element that adds or subtracts value. Whether buying, selling, or refinancing a property, a meticulous and professional appraisal is essential to ensure fair market value. Knowing the property’s actual value ensures you make a sound financial decision.

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Valuation Buyers Market Value Appraisal 78