Remove Construction Remove Market Value Remove Retail
article thumbnail

Portrait of a pre-foreclosure peacemaker

Housing Wire

Helping the seller understand the true market value of the home given the condition can also be a challenge. After-repair value is the estimated market value of a property in fully repaired condition. Some of those properties could have gone retail. These scenarios are not like vanilla deals,” Sandoval said.

Retail 430
article thumbnail

Off-the-grid deals: Distressed property trends and market insights

Housing Wire

It’s very, very market dependent right now. I’m still focusing on those markets with very low (retail) inventory. 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.

Marketing 456
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

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?). Source: MBA’s Quarterly Performance Report.

Marketing 480
article thumbnail

Impact of COVID-19 On Appraisals

Simonson Real Estate

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
article thumbnail

Savvy real estate agents look beyond ChatGPT

Housing Wire

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.”

article thumbnail

The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

It could take the form of mixed-use real estate, an apartment building, office building, shopping center or retail building, industrial property for sale, and more. 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.

article thumbnail

Commercial Real Estate Appraiser – Minnesota

MN Real Estate Services

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.