Chicagoland Appraisal Blog

JULY 13, 2017

The title is definitely eye-catching especially to an appraiser in Chicago. We are required to analyze the contract and where do you think contract analysis begins? The article touches on a variety of things that I’d like to respond to such as the reference to the shortage of appraisers. Why was this offer selected?

Appraisal 78

Appraisal Marketing Realtors Real Estate 78

Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Further, should contract price be the metric by which appraisal values are measured?

Appraisal 61

Appraisal Contracts Architecture Market Value 61

Appraisal Today

AUGUST 23, 2024

Investor home purchases more than doubled during the pandemic homebuying boom in 2021, and then plunged nearly 50% last year as declining rents and home values ate into potential profits. Elevated home prices and mortgage rates have pushed homeownership out of reach for a lot of Americans, which is fueling demand for rentals.

Appraisal 71

Appraisal Contracts Investors Property Appraisal 71

Appraisal Today

MARCH 3, 2023

== Black-Owned Homes Appreciated Fastest In The Pandemic – Zillow research Black Americans’ housing wealth has made strides, but remains well below that of the typical U.S. household Excerpts: The ratio between Black home values and home values overall is closing. Black home values appreciated 42.5%

Tools 52

Tools Appraisal Home Value Business 52

Appraisal Today

JULY 26, 2024

As might be expected, most of the issues for reported condition fall between the definitional lines of C3 to C4 and C4 to C5. Please be mindful that a C3 home is described as generally well-maintained and showing minimal physical depreciation from regular wear and tear. The average contract interest rate for 5/1 ARMs decreased to 6.19

Appraisal 85

Appraisal Valuation Reconsideration of Value Contracts 85

Appraisal Today

JUNE 28, 2024

This finding indicates that we cannot reject the role historic discrimination has played in the evaluation of home values. To read more, Click Here My comments: This article is definitely worth reading. To read more, Click Here My comments: I am waiting for Fannie to say something definite and am so glad I don’t sell homes.

Valuation 61

Valuation Appraisal Real Estate Real Estate Agent 61

Appraisal Today

MARCH 22, 2024

It can impact home values, insurance costs, and the overall stability of a housing market.” “The To find out what it says about a home’s risk (free), Click Here My comments: Is there any effect on home values? This definitely increased the development costs in the new construction, resulting in higher home prices.

Appraisal 69

Appraisal Contracts Business Insurance 69

Appraisal Today

SEPTEMBER 29, 2023

The grounds include more than 8 acres of premium cabernet vineyards and several wells that provide water to the homes and vineyards. To see the listing’s virtual tour and 45 photos, click here My comments: Definitely a different house for the Napa wine growing area! Risk to Home Values. million properties, 23.9

Insurance 83

Insurance Appraisal Contracts Mortgage 83

Appraisal Today

FEBRUARY 23, 2024

My job was to equalize values so taxpayers had their “fair share” Definitely the best experience I ever had. Potential homebuyers are quite sensitive to these rate changes, as affordability is strained with both higher rates and higher home values in this supply-constrained market.” percent from 6.87

Appraisal 71

Appraisal Real Estate Contracts Reconsideration of Value 71

Listing Spark

SEPTEMBER 25, 2023

Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable. This may come as a surprise to many who had anticipated more significant declines in home values. Now, if you’re a home seller in Austin, patience is the name of the game.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. He provides advice on pricing homes and how to negotiate, as well as what to expect for the rest of 2023.

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Appraisal Today

DECEMBER 23, 2022

Home type: Single family. Home value (with no comps, not even close to 30!). Modern valuation progress requires three things: 1) a clear definition of “what is a comp?” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.34

Appraisal 52

Appraisal Contracts Mortgage Modernization 52

Hood Homes Blog

APRIL 29, 2018

I created a page here with the top tools and articles I’ve written for anyone considering selling a home in the Fort Hood area. Home Value. Getting an opinion on a good price for your home is perhaps the one thing every seller wants most. Price Estimate. And half of agents are already addicted to it anyway.

Real Estate Agent 36

Real Estate Agent Realtors Tools Agents 36

Listing Spark

MARCH 15, 2022

Potential buyers may think that you don’t take care of your property and this could lower the value of your home. The Appraisal Institute has warned that bad neighbors can lower home values by as much as 10%. Finally, it’s important to keep all of the systems in your home up-to-date. Love this list?

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Cleveland Appraisal Blog

MAY 13, 2021

And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price. It may still be worth it to the buyer to move forward, despite paying more than market value. . So, they sold their home.

Market Value 299

Market Value Appraisal Contracts Buyers 299

Will Springer Realtor

AUGUST 9, 2022

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. when, on July 28, the Commerce Department reported its second consecutive quarter of GDP declines – the common definition of a recession. Everett claimed the No.

Inventory 36

Inventory Buyers New Listings Construction 36

Assurance Financial

NOVEMBER 9, 2021

At its base, the housing market is relatively simple to understand, but there’s more that goes into it than these basic definitions. As a result of San Francisco’s job market growth and construction limits, sellers gained an extreme market advantage, with the home values rising by over 85% to the previous decade.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Appraisal Today

JUNE 23, 2023

But there definitely appears to be truth in Fannie’s unpopular choice of words. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure. A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers. percent from 6.77

Appraisal 90

Appraisal Real Estate Valuation Contracts 90

D Fritz Appraisals

FEBRUARY 22, 2023

Taking equity out of your home to buy another house can be a financially advantageous option, as it allows homeowners to tap into the built-up value of their primary residence without worrying about saving up for a second mortgage. Home equity is like having money in the bank, but it’s tied up in your real estate.

Investing 129

Investing Real Estate Appraisal Market Value 129

Appraisal Today

MAY 19, 2023

The data table definitions include columns for Field Name & Instruction, Formatted Example / Allowable Values, Photo Required? The number of appraisers is definitely dropping now. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.57

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

FEBRUARY 24, 2023

Definitely the best book on this topic I have ever seen. When I first started appraising for an assessor, several times I was met at the door by the White owner with a shotgun telling me that I was never getting on his property or in his home. from0.70 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Appraisal 52

Appraisal Architecture Valuation Business 52

Housing Wire

FEBRUARY 19, 2025

Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. Under contract: Let your clients know what to expect after they go under contract on a home. Let your clients know how the market will impact competition, home values, and the overall buying strategy.

Inspection 343

Inspection Clients Buyers Real Estate 343

Appraisal Today

MARCH 14, 2025

By Tom Horn Excerpts: Why Accuracy Matters Square footage is one of the most critical factors in determining a homes value, yet it is often misunderstood. He was definitely an expert on the history of this topic. from 0.60 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. percent from 6.73

Appraisal 52

Appraisal Valuation Contracts Government 52