Empire Appraisal Group

AUGUST 8, 2024

Overpricing can scare off buyers and cause your home to be on the market longer. If you actually get it under contract, the appraisal could come in low, causing the lender to be unwilling to loan on the home.

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Real Estate Sellers Buyers Market Value 78

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Real Estate Appraisal Marketing Market Value 89

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Here's what you need to know about home appraisals so that you come prepared. What is a Home Appraisal? A home appraisal determines the fair market value of a home.

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Appraisal Process Appraisal Construction Sellers 139

Appraisal Today

AUGUST 23, 2024

Investor activity in the housing market is stabilizing following several years of dramatic ups and downs. 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. percent from 6.54

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Appraisal Contracts Investors Property Appraisal 69

Eppraisal

DECEMBER 20, 2022

Your real estate agent will discuss with you the price of the home you are looking for, the size, how many rooms you need, the style, your needs and wants in a home, and much more. It is important to understand home values in the areas you are looking so you have an idea of what type of homes you can afford.

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Lamacchia Realty

MARCH 28, 2023

Conversely, many sellers know that they cannot overprice their homes now that the market is less frenzied, so many may be pricing more competitively and closer to market value than how they were pricing this time last year. Sellers should list their homes as soon as possible to get the most for their home!

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Sellers Buyers Inventory Real Estate 74

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate?

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Real Estate Agent Real Estate Sellers Realtors 74

D Fritz Appraisals

MARCH 16, 2021

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. We have never seen a pandemic real estate market before. USPAP and the Contract. No one did.

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Appraisal Contracts Real Estate Marketing 52

Appraisal Today

OCTOBER 25, 2024

The complaint alleges Mykhailyna used sales from distant, majority-Black areas, ignoring closer sales, and undervalued the property by over $200,000 compared to an appraisal less than a year earlier, despite rising home values. from 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Contracts Real Estate Mortgage 77

Realtor

DECEMBER 15, 2016

“We’re looking for homes sold within the last six months that are equivalent in the numbers of rooms, square footage, upgrades, and location to the home that’s being purchased,” he explains. Real estate appraisers are merely there to give an unbiased opinion about the home value. How appraisals affect the sale.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

“We’re looking for homes sold within the last six months that are equivalent in the numbers of rooms, square footage, upgrades, and location to the home that’s being purchased,” he explains. Real estate appraisers are merely there to give an unbiased opinion about the home value. How appraisals affect the sale.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.30

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Appraisal Bracketing Valuation Contracts 52

Zillow

JULY 15, 2019

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

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Real Estate Agent Inspection Insurance Buyers 56

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.

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Market Value Appraisal Contracts Buyers 298

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?

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Appraisal Renovations Contracts Buyers 36

PennyMac

JUNE 28, 2022

In some states, you need an attorney to close on your home. This fee will cover the attorney preparing and reviewing agreements and contracts. Often, the seller will pay this fee, but it can depend on how competitive the housing market is or what the specific HOA contract dictates. Closing Fee. Homeowners Insurance.

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Property Taxes Insurance Sellers Inspection 36

D Fritz Appraisals

FEBRUARY 22, 2023

What Is Home Equity? Home equity is a homeowner’s financial stake in their property. It represents the difference between what they owe on their home and its current market value. Using equity to buy a second home can be attractive for those looking for additional real estate investments.

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Real Estate Investing Appraisal Market Value 128

Cornerstone

OCTOBER 26, 2021

This is precisely what we’re seeing in today’s real estate market. Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price.

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Sellers Buyers Appraisal Loan Officers 57

Assurance Financial

NOVEMBER 9, 2021

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. Tips for Buying in a Seller’s Market. Tidying your house may even encourage higher offers. Downloadable Guides.

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Marketing Sellers Real Estate Buyers 36