Housing Wire

NOVEMBER 23, 2021

Neighborhood Homes is a practical solution for communities in which the cost of renovating or building a home exceeds its market value after the work is complete. The cost gap also thwarts construction and development of modest homes, limiting the availability of affordable homes for first-time and first-generation homebuyers.

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Investing Renovations Construction Development 476

Appraisal Buzz

FEBRUARY 17, 2025

Financially feasible – Would the proposed use generate enough income to pay for construction costs and make a profit? This is the most intensive of the four tests it requires a thorough market analysis, cost-benefit analysis, and financial projections.

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Legal Appraisal Easement Valuation 243

Housing Wire

JUNE 19, 2023

Rent for the remaining 112 units in the complex will be priced in line with the current market value, with rent estimated to vary between $2,156 and $2,771, the district said. “Rent for those units will range between $1,263 and $2,160, according to a news release from the school district.”

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Development Market Value Contracts Construction 370

Appraisal Buzz

OCTOBER 21, 2024

Be it for good or evil, the only way to quantify how much the improvements contribute to the market value of the underlying site, as if it were vacant, is via the analytics of the Cost Approach. And this requires the appraiser to collect, verify and analyze data to conclude a credible vacant site value. Spoiler Alert: It is not.)

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Market Value Renovations Valuation Appraisal 293

Housing Wire

MAY 6, 2021

. “However, the first quarter reading of the HOI is an indication that housing affordability will further decline this year as higher lumber and other material costs and longer construction times will act as headwinds for the market.” Rising prices can be traced back to the onset of the COVID-19 pandemic in the U.S.

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Housing Market Market Value Marketing Construction 468

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.

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Marketing Investors Real Estate Investing 476

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.

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Construction Appraisal Appraisal Process Loan Officers 115

D Fritz Appraisals

JANUARY 29, 2025

As property values soar and housing accessibility becomes more challenging, understanding the role of these valuations in shaping real estate decisions is more critical than ever. From July 1, 2022, to July 1, 2023, BCs annual growth rate was 3% , the highest increase since 1974, yet housing construction has struggled to keep pace.

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Appraisal Valuation Property Taxes Inspection 78

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.

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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.

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Appraisal Process Appraisal Market Value Tenants 148

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.

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Construction Appraisal Process Appraisal Bracketing 88

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.

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Development Lending Mortgage Marketing 448

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?

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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.

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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?

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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.

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Construction Appraisal Appraisal Process Bracketing 79

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.

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Marketing Real Estate Agent Clients Tools 435

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.

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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.

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Marketing Construction Real Estate Market Value 221

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.

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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

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.

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Valuation Training Home Value Appraisal 207

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.

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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?).

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Marketing Mortgage Supply Chain Inventory 482

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.

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Appraisal Development Valuation Market Value 337

Appraisal Partners Blog

JANUARY 20, 2025

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. Final Value Conclusion: The appraiser will provide a conclusion as to the fair market value of the property. The appraisal report will justify which approach was used.

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Appraisal Inspection Valuation Appraisal Process 78

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.

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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.

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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.

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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.

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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.”

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Real Estate Agent Real Estate Agents Tools 370

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 123

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.

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Appraisal Home Improvement Design Modernization 195

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.

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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?

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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.

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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.

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Appraisal Property Appraisal Market Value Investing 78