Will Springer Realtor

OCTOBER 19, 2021

The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). Yes, “crap!”

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Cleveland Appraisal Blog

AUGUST 20, 2021

That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. If someone wants to use this method for pricing a home, there is one piece of information that is incredibly important to get right. The seller will probably never know. The reason?

Appraisal 263

Appraisal Market Value Contracts Agents 263

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 81

Appraisal Real Estate Real Estate Agent Contracts 81

Listing Spark

JULY 6, 2021

They then either flip them for a profit, keep them as a rental property, or wholesales the contract to another investor. They will either view the home or collect information from you, make you an all cash offer, and close on the transaction at mutually agreeable closing date. As part of the HomeVestors Inc. No repairs are necessary.

Sellers 36

Sellers Contracts Investors Real Estate 36

McKissock

JULY 6, 2022

Most of the information that the general public has regarding what constitutes a real estate deal comes from social media, the internet, and real estate shows they see on TV. I would recommend including at least property access, financial outcomes, and potential roadblocks from contract to closing. Expectation 2: Property Access.

Clients 87

Clients Real Estate Contracts Sellers 87

Town & Country Residential Appraisals

JUNE 26, 2023

When it comes to appraising homes for buyers using VA-backed financing, the Tidewater process plays a crucial role in determining fair market value. Its purpose is to protect the interests of veterans and ensure fair market value. What is the Tidewater process and what is its significance in VA-backed home appraisals?

Appraisal 36

Appraisal Market Value Buyers Sellers 36

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. I believe that collaboration between these two real estate professionals means that they share information that promotes a transparent and open transaction.

Agents 87

Agents Appraisal Real Estate Agent Bracketing 87

Eppraisal

FEBRUARY 7, 2023

How to Market Raw Land For those who see a profit in selling raw land to developers or other interested parties, getting the most money for the lot is attained through optimal marketing. First of all, sellers need to know who shops for vacant land, as noted above. A good lawyer will see them coming.

Development 69

Development Sellers Legal Home Value 69

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Recent Comparable Sales: Appraisers analyze recent sales data of comparable properties in the area to provide a market-derived opinion of value.

Real Estate Agent 77

Real Estate Agent Real Estate Agents Appraisal 77

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.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Appraisal Today

JUNE 21, 2024

To read the listing, plus a video tour and 22 photos, Click Here An open letter to overpriced sellers And some fun memes ;> June 12, 2024 By Ryan Lundquist Excerpts: Yes, the above top image is a Xena Warrior Princess meme. FIXATE ON ACTIVES & PENDINGS: A closed sale today doesn’t really tell us about the market today.

Appraisal 74

Appraisal Architecture Contracts Design 74

Cleveland Appraisal Blog

AUGUST 11, 2022

The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property. Although you probably won’t be able to sell your home at its actual market value, you will also save a lot of time and money.

Renovations 221

Renovations Buyers Appraisal Investing 221

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? They are, after all, real transactions that have taken place within the market.

Real Estate Agent 87

Real Estate Agent Real Estate Clients Agents 87

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. Their information also depends on what is available to them.

Real Estate Agent 70

Real Estate Agent Real Estate Sellers Realtors 70

Appraisal Today

JULY 1, 2023

Reference Guides for the Restricted Appraisal Update Report and Completion Report to provide guidance on entering information and how it will be displayed. Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. This link has sample appraisals.

Appraisal 90

Appraisal Contracts Market Value Mortgage 90

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” “Market analysis and illustrations.”

Appraisal 109

Appraisal Contracts Clients Marketing 109

Listing Spark

FEBRUARY 9, 2023

A home appraisal is a process in which a licensed appraiser analyzes your property and determines the fair market value of your home. People typically use an appraisal to validate the value of a home or property for real estate transactions between buyers and sellers, or if homeowners are refinancing their mortgage.

Appraisal 36

Appraisal Sellers Market Value Contracts 36

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. According to The Decision Lab, anchoring bias is nothing more than a “…cognitive bias that causes us to rely too heavily on the first piece of information we are given about a topic.”

Appraisal 77

Appraisal Contracts Real Estate Architecture 77

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. Comps in the Post-COVID Market. The market dynamics are changing quickly and drastically in this post-COVID world.

Marketing 61

Marketing Sellers Buyers Market Value 61

Appraisal Today

JANUARY 20, 2023

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Record Share Of Sellers Give Concessions To Buyers Excerpts: ‘Buyers are asking sellers for things that were unheard of during the past few years.’

Appraisal 52

Appraisal Contracts Sellers Business 52

Birmingham Appraisal

SEPTEMBER 15, 2022

I would like to do my part by informing and educating you on the appraisal part of the transaction. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Appraisal vs Home Inspection.

Appraisal 91

Appraisal Inspection Appraisal Process Real Estate Agent 91

Listing Spark

JUNE 6, 2024

Legal Paperwork: Selling a home involves a lot of paperwork, from contracts to disclosures. As an FSBO seller, you may lack the experience needed to negotiate effectively. Stigma: Some buyers and their agents may be hesitant to work with FSBO sellers, fearing a more difficult transaction. Online marketing is also crucial.

Real Estate Agent 36

Real Estate Agent Legal Real Estate Agents 36

Raleigh Realty

AUGUST 27, 2021

It lets sellers know that you are serious about purchasing their home and that you have done the work to be in good financial standing. Sellers want to know that you will be able to follow-through with the purchase of their home. Online Research - Luckily, we live in a world where information is literally at our fingertips.

Real Estate Agent 78

Real Estate Agent HOA Real Estate Agents 78

Listing Spark

JUNE 13, 2024

Benefits of FSBO Cost Savings : Avoid the traditional 6% commission fee, often split between buyer and seller agents. This means that FSBO sellers need to be particularly diligent in preparing their homes and pricing them correctly to attract serious buyers. ListingSpark offers an online “Market Compare” tool for customers.

Realtors 36

Realtors Open Houses Legal Real Estate Agent 36

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? When you are the seller of a FSBO (For Sale By Owner). This way you can be assured that what you are choosing to pay is based on the information about what the property is worth.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Will Springer Realtor

FEBRUARY 1, 2022

Sellers have the option to review offers on their home upon receipt of the bid or in the future, better known as an “offer review date.”. In a hot sellers’ market, establishing a date to examine bids – especially on a popular home in a desired neighborhood – is a common strategy and one that can generate a frenzy among buyers.

Real Estate 36

Real Estate Sellers Buyers Inspection 36

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. There is a lot of information that an appraisal can provide, which can be helpful to lenders and homeowners. MARKET TRENDS. I hope you enjoyed that musical interlude!

Market Value 418

Market Value Appraisal Buyers Marketing 418

Birmingham Appraisal

JANUARY 25, 2023

In this article, I would like to illustrate how a price per square foot adjustment can be calculated from recent sales so that a list price can be based on market data rather than a vague guess. This will probably reduce the number of deals that fall apart due to the variances between the contract price and appraised value.

Agents 77

Agents Appraisal Contracts Buyers 77

Empire Appraisal Group

JULY 1, 2021

Michelle Bradley, a certified general appraiser, instructor, and founder of Bradley Consultants LLC, recommended that agents bring a packet of information about their listing for the appraiser. Don’t tell the appraiser your client needs a certain value, for example. Interacting With an Appraiser at a Property.

Agents 78

Agents Appraisal Real Estate Realtors 78

Portland Appraisal Blog

APRIL 14, 2019

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. What just happened? That’s not the case here.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Partners Blog

NOVEMBER 27, 2019

An appraisal is a professional opinion of a home’s value that is completely unbiased. Generally speaking, an appraisal is used to decide if the properties contract price is entirely appropriate; taking into consideration the features, condition, and location of the home in question. What is a home appraisal?

Appraisal 78

Appraisal Sellers Realtors Investing 78

Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Contracts 52

Contracts Appraisal HOA Architecture 52

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. After taking care of the above expenses, whatever amount is left over is the seller’s profit. As a result, the seller no longer has that mortgage. Traditional Home Sale.

Mortgage 74

Mortgage Sellers Buyers Finance 74