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. Pro Tip: You don’t need to include all the property details in your Comparative Market Analysis. Select active listings comps Choose active listings near to the subject property.

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Marketing Real Estate Agent Clients Tools 435

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

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. 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.

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Housing Market Marketing Reconsideration of Value Appraisal 367

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

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. They will be aware of any deficiencies.

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Appraisal Inspection Valuation Appraisal Process 78

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.

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Appraisal Process Real Estate Appraisal Renovations 78

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?

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Property Appraisal Appraisal Renovations Market Value 78

Chicagoland Appraisal Blog

MAY 13, 2021

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. The Value of a Home Appraisal. Home addition.

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Appraisal Renovations Home Value Real Estate 88

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

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.

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Appraisal Real Estate Real Estate Agent Loan Conditions 222

Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability. Worth reading.

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Appraisal Training Contracts Mortgage 83

McKissock

JANUARY 31, 2023

” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

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Real Estate Agent Real Estate Agents Appraisal 97

The Robert Weiler Company

SEPTEMBER 16, 2021

Cost of construction and materials. Explanation of potential risks you may face or negative aspects that may impact the market value of the commercial property. The appraisal report for a residential property takes less time to produce and includes far less data than a commercial appraisal report. Floor plans. Don’t Be Seduced!”

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Real Estate Appraisal Property Appraisal Valuation 147

Padove Appraisal Service

JANUARY 14, 2018

A house that was built 80 years ago, with many significant improvements completed over the past 20 years (such as kitchen and bathroom renovations, roof and window replacement, heating and air conditioning replacement, etc.) Many people have some familiarity with the comparable sales approach to estimating market value for real estate.

Home Improvement 78

Home Improvement Appraisal Construction Renovations 78

The Robert Weiler Company

JULY 6, 2021

They have usually been constructed over 20 years ago and require renovation at this point. Within a particular area, zoning ordinances dictate which industrial activities can occur and what kinds of properties can be constructed or operated. Lower-than-average vacancy rates are also a trait of Class B Industrials.

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Logistics Tenants Real Estate Modernization 147

Appraisal Partners Blog

FEBRUARY 9, 2025

A home appraisal is an unbiased, professional opinion of a property’s fair market value. For Sellers: An appraisal can help sellers set a realistic asking price, attracting potential buyers and avoiding overpricing, which can lead to a prolonged time on the market. Evaluate the quality of construction and materials.

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Appraisal Property Taxes Inspection Sellers 78

Lamacchia Realty

APRIL 17, 2024

If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. While some sellers may renovate a bathroom or do small improvements to make the home feel new , don’t overlook the power of a fresh hardwood floor.

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Home Value Buyers Realtors Realty 74

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value. Any quality improvements increase the appraised value.

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Appraisal Renovations Home Value Construction 52

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. Therefore, when searching for comps, agents should factor in the impact of the local school system on property values. Today I thought I would share the search criteria I use and the reasons for each of them.

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Market Value Agents Appraisal Bracketing 93

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Consulting services are what you need if you are looking to remodel, subdivide or construct an new addition. Consulting services can help you determine the best renovations to make resulting in the highest market value or it can help give you an insight into the highest potential for a subdivision or addition.

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Appraisal Renovations Real Estate Valuation 50

The Robert Weiler Company

MAY 18, 2022

The ROI is calculated by comparing the total cost of the investment (including the initial purchase price plus any other expenses) to its current value or sale price. Though, keep in mind that commercial real estate doesn’t always sell at market value. But you can estimate your ROI based on comparable property sales.

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Real Estate Tenants Retail Investing 148

Property Metrics

APRIL 7, 2022

The yield on cost is also used to calculate the development spread , which is the difference between the yield on cost and the market based cap rate for similar but already existing buildings in the same market. Then we’ll look at how to calculate the yield on cost for a value add project. Does this value-add project make sense?

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AmeriMac

JUNE 15, 2024

Key Highlights Real estate investment properties require accurate appraisals to determine their market value and potential return on investment. Making improvements to the property can positively impact its appraisal value and attract potential buyers or tenants.

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Property Appraisal Investing Appraisal Property Taxes 36

PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

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Appraisal Real Estate Agent Renovations Home Value 69

D Fritz Appraisals

NOVEMBER 9, 2019

An accurate appraisal of your property’s current market value is essential to the refinancing of a home. If you’re like most homeowners, you are likely already somewhat aware of your home’s value in the current market. For example, be sure to point out any renovations, additions, or value-added features to the home.

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Property Appraisal Appraisal Real Estate Investing 78

D Fritz Appraisals

SEPTEMBER 19, 2019

A home or house appraisal is a third-party report written by a professional appraiser who visits the property and does market research to analyze how much the house is worth in today’s market. An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home. local markets.

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Home Value Appraisal Real Estate Agent Tools 78

Property Metrics

AUGUST 13, 2020

A liquid asset is one that can be sold immediately at market value. If an owner had to sell a piece of real estate by the end of the day, chances are that it would be for a price far below market value. The degree of illiquidity varies according to location, property type, and market cycle. Construction Risk.

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Real Estate Tenants Investing Construction 53

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. Question 6: What is the overall commercial real estate appraisal process?

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Real Estate Appraisal Property Appraisal Valuation 60

PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely. It depends.

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Home Improvement Renovations Inspection Investing 36

The Robert Weiler Company

MARCH 15, 2021

Cost approach : This practice compares the special purpose property appraisal value to the cost of constructing a replica structure, while also including depreciation. Their uniqueness makes determining appraisal value difficult, and there’s often a limited buyer pool interested in purchasing such buildings.

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Appraisal Property Appraisal Real Estate Buyers 158

Property Metrics

MAY 28, 2021

” If there is curable functional obsolescence, it means that the property could be renovated or upgraded in a cost efficient manner to bring the property up to modern standards. If it exists, it is up to the property owner/investor to assess the cost of repair/renovation versus the benefits that they will receive from it.

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Real Estate Tenants Modernization Renovations 50

Birmingham Appraisal

OCTOBER 9, 2024

An appraiser can provide an unbiased valuation based on market conditions, comparable sales, and the unique characteristics of the property. By aligning the price with its true market value, you make the home more competitive and attractive to buyers who are already watching their budgets.

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Buyers Appraisal Agents Sellers 69

McKissock

JUNE 27, 2021

As new health concerns arise, the need for new construction will remain prevalent. Cap rates: To find this, you divide the NOI by the current market value. Location and demographics: Your value will go up if you’re in a high-traffic area with good visibility. Buildings used for science and research were in high demand.

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Real Estate Investing Retail Tenants 59

Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. built in 2000.

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Appraisal Real Estate Real Estate Agent Contracts 77

Zillow

OCTOBER 25, 2018

If you construct a single-family home within a specified time period, you’ll receive the lot of land it sits on for free. Median home value: $75,300. The Harmony Economic Development Authority offers a cash rebate program to incentivize new home construction. Median home value: $310,200. Marne, Iowa.

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Home Value Construction Renovations Development 36

AmeriMac

DECEMBER 10, 2020

Complying with USPAP means you need to write correct and accurate results of how you came up with a property’s market value. The first approach, the cost approach to value, considers building a property similar to the one undergoing appraisal. Number 3: The Income Approach To Value.

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Real Estate Appraisal Market Value Real Estate Agent 36

AmeriMac

JANUARY 19, 2021

Highlight new and upgraded features, especially those adding value to your house. Renovating your kitchen, bathroom, or bedrooms. Constructing a basement. One more effective way to increase your home’s market value is to compare it with similar ones and highlight the benefits of your property. A new furnace.

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Appraisal Real Estate Agent Market Value Real Estate 36