Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often?

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Market Value Buyers Appraisal Sellers 448

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. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Market Value Appraisal Buyers Marketing 418

Housing Wire

AUGUST 31, 2023

The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams , just got larger. According to the filing, after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers.

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Contracts Business Brokerage Training 435

Housing Wire

MARCH 1, 2023

The API integration will allow lenders to bring product offerings to open houses, allowing them to engage borrowers “earlier in the lifecycle,” and will also enable lenders to better support co-marketing partners like real estate agents and loan officers.

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Real Estate Agent Technology Open Houses Loan Officers 354

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 418

Cleveland Appraisal Blog

MARCH 30, 2021

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. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins.

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Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

NOVEMBER 2, 2021

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. By close of the market Tuesday, the company’s stock price had tumbled 12% during the day, trading at $87.20

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Market Value Real Estate Agent Agents Business 418

Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. All three are market-based approaches.

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Appraisal Real Estate Agent Real Estate Valuation 301

Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned.

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Inspection Appraisal Appraisal Process Buyers 459

The Robert Weiler Company

SEPTEMBER 16, 2021

The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Understanding the Process for Appraising Commercial Real Estate.

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Real Estate Appraisal Property Appraisal Valuation 147

Appraisal Buzz

DECEMBER 2, 2024

This is a concept not unfamiliar to the real estate appraisal professional. The graphic is a teaching tool that captures the trendlines of market value changes in this specific example, plotted over a 12-month period and calls out market change measurements between the comparable sales and the appraisal effective date.

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Marketing Appraisal Development Market Value 352

Housing Wire

JULY 6, 2022

The MSR market has been on a bit of a tear since the start of the year, with values rising rapidly and creating opportunities for many lenders to bolster their balance sheets. Monthly valuations of the MSRs for both offerings will be performed by Incenter Mortgage Advisors , KBRA reports.

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Investing Finance Mortgage Valuation 391

Housing Wire

JUNE 19, 2023

Adding to the issue are concerns raised by educators regarding their working conditions including pay, a lack of support, inflexibility in instruction requirements, lack of multi-year contracts and large classroom sizes according to the Florida Education Association.

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Development Market Value Contracts Construction 367

Realtor

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. As the home buyer of this piece of real estate, you’re entitled to choose the title company.

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Buyers Inspection Contracts Real Estate Agent 208

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 262

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”. .”

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Market Value Marketing Property Appraisal Appraisal 80

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

Have you ever read a real estate appraisal report? Each section should contribute a little to the overall story of the value of the home being appraised. This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value. APPRAISAL REPORTS.

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Appraisal Market Value Development Clients 341

Appraisal Buzz

MAY 24, 2021

Challenges often arise in how professionals figure out the overall value of multifamily homes. Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. Essentially, you calculate each unit’s fair market rent based on other rentals located in the neighborhood.

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Appraisal Tenants Buyers Landlords 397

Birmingham Appraisal

NOVEMBER 20, 2024

I think it is important to revisit these inaccuracies for the benefit of new people getting into the real estate market. 10 Appraisal Myths You Should Not Believe Myth #1: All real estate appraisers are the same All appraisers are not the same and they vary based on the amount of education and experience they have.

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Real Estate Appraisal Inspection Contracts 87

Simonson Real Estate

JULY 10, 2020

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. Value Scenarios. What is Market Value As Is and When is it Used? Note that U.S.

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Appraisal Process Appraisal Market Value Tenants 148

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. Real estate agents are typically the individuals who provide information in the MLS.

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Agents Appraisal Renovations Development 373

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. When should we analyze the contract? Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion.

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Contracts Appraisal Market Value Real Estate 64

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. They are only one part of the puzzle that appraisers have to put together to form a credible value opinion.

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Real Estate Agent Real Estate Agents Reconsideration of Value 84

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. A real estate appraisal is a process of determining the market value of a property.

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Real Estate Appraisal Marketing Market Value 89

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “The definition of market value.” ” “How value is derived.” Was the seller highly motivated?

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Real Estate Agent Real Estate Agents Appraisal 97

Cleveland Appraisal Blog

JUNE 17, 2022

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. Buyers gaining power & farewell real estate honeymoon – Sacramento Appraisal Blog.

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Appraisal Development Market Value Tenants 279

Housing Wire

JUNE 2, 2022

” The ‘early innings’ Both real estate investment trust (REIT) Redwood Trust as well as non-QM lender Angel Oak Cos. dollar on a one-to-one basis, is sold to investors via a blockchain platform and backed by real-world mortgage lien wrapped in or mirrored by a digital NFT — or a nonfungible token.

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Technology Investing Investors Mortgage 418

Simonson Real Estate

DECEMBER 6, 2022

Our goal is helping our clients make sound investment decisions and solve real estate problems to achieve their financial and business goals. Understanding the perspectives of the appraiser and bank appraisal review department helps lenders communicate with the borrower at the onset of the real estate financing process.

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Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Buzz

DECEMBER 9, 2024

Market Condition Adjustments Illustration Fannie Mae guidelines emphasize that adjustments made to comparable sales are based on market changes between the contract date of the comparable sales and the effective date of the appraisal. This is shorthand that every experienced appraiser knows and understands please dont @ me.

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Appraisal Marketing Valuation Tools 358

Realtor

DECEMBER 4, 2019

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. A real estate appraisal can let you know whether the amount being asked is a fair purchase price. The loan agreement normally contains a set value for the appraisal of property.

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Appraisal Real Estate Inspection Property Appraisal 138

McKissock

MAY 10, 2023

Many real estate appraisers don’t have the time to mentor a beginner. We all have skill sets and experience that we can market to potential mentors.” Traut recommends considering other entry-level and contracting jobs, such as completing quality-control reviews or managing appraisal orders for a bank or an AMC.

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Real Estate Appraisal Training Business 86

Cleveland Appraisal Blog

MARCH 25, 2023

Here are some links to other articles I think you might also enjoy… Housing Concerns About Bank Runs – Housin g Notes by Jonathan Mille r The Power of Praise – Rachel Massey, SRA, AI-RRS, IFA Working RE What is the Role of Market Trends in a Real Estate Appraisal?

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Supply Chain Renovations Appraisal Market Value 280

Cleveland Appraisal Blog

AUGUST 11, 2022

Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. In addition, selling as-is is the norm in some real estate markets. Real estate investors also prefer homes that require repairs because they can renovate the property themselves and flip it afterward.

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Renovations Buyers Appraisal Investing 221

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. Too many appraisers?

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Appraisal Law Development Valuation 309

Town & Country Residential Appraisals

MAY 8, 2023

According to Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP), we are required to analyze any contracts for sale. That's why it's important for the appraiser to receive a copy of the sales contract. By viewing the contract, the appraiser may be able to identify irregularities and comment on them.

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Contracts Appraisal Real Estate Property Appraisal 54

Realtor

MAY 17, 2023

While it’s certainly true that you can let go of the anxiety of needing to show your home at any moment, you still need to cooperate with your buyer, the buyer’s agent, and the commitments made in the contract. Once the contract has been signed, a seller can’t renegotiate the price higher.

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Sellers Inspection Contracts Property Taxes 142

Town & Country Residential Appraisals

JULY 29, 2024

Recently, a class-action lawsuit was filed by several home sellers in Missouri against the National Association of Realtors (NAR) and prominent real estate brokerages, including Berkshire Hathaway, Keller Williams, and RE/MAX. The plaintiffs won the lawsuit, leading to significant changes in how real estate business is conducted.

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Real Estate Sellers Contracts Market Value 49