D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. This will help ensure a fair market value. It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract.

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Appraisal HOA Easement Valuation 132

Raleigh Realty

FEBRUARY 19, 2022

A home appraisal determines the fair market value of a home. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. It's one of the final steps after going under contract. The seller at one point was going to pay your closing fees or realtor fees.

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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. Additionally, buyers will now need a signed buyer’s agency contract to have an agent show them a listed property.

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Real Estate Sellers Contracts Market Value 49

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. Zillow doesn’t have the ability to reason like a REALTOR® does.

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Birmingham Appraisal

JUNE 11, 2024

A marketing appraisal is conducted before a home is listed for sale, either by the owner or a realtor. This can attract serious buyers and prevent prolonged market time. Accurate pricing involves more than adding the cost of improvements to the market value of your home. Cost does not always equal value.

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Appraisal Property Taxes Valuation Real Estate 88

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?

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Appraisal Sellers Realtors Valuation 78

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property.

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Eppraisal

FEBRUARY 7, 2023

Of course, the purchaser's plans for the land are factors in its market value. How to Market Developed Land Once the land is improved, marketing conforms to a more traditional model. A realtor sells houses -- yes, the land underneath and surrounding -- first and foremost. A good lawyer will see them coming.

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Realtor

OCTOBER 31, 2017

The first step is to fight the lower-than-expected value, says RJ Winberg , a Realtor® in Orange County, CA. Look for issues in the report such as a missing bathroom or incorrect lot size, as those could work in your favor and increase the appraised value of the home. How to handle a low appraisal.

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Realtor

OCTOBER 31, 2017

The first step is to fight the lower-than-expected value, says RJ Winberg , a Realtor® in Orange County, CA. Look for issues in the report such as a missing bathroom or incorrect lot size, as those could work in your favor and increase the appraised value of the home. How to handle a low appraisal.

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Appraisal Sellers Real Estate Finance 78

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

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Empire Appraisal Group

JULY 1, 2021

Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market. 5 Appraisal Topics Every Agent Should Know.

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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. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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Lamacchia Realty

OCTOBER 13, 2022

Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. Market value is determined by sales, not the high hopes of a seller. It typically takes 30-60 days for a property to go from under contract to closed. Price Adjustments in this New Housing Market.

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Marketing Sellers Buyers Market Value 74

Listing Spark

JUNE 13, 2024

Selling a house without a realtor , known as For Sale By Owner (FSBO), can be a rewarding yet challenging venture. We want to make the process easier for homeowners, so we put together a shortlist of our top tips to selling your home without a realtor in Tennessee. First, let’s look at a few key points.

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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? Related posts: What is bracketing and why should Realtors do it?

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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. Right now, inventory is low, and there are serious buyers in the market looking to buy NOW.

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Appraisal Today

JANUARY 19, 2024

An example of this in real estate appraisal is the purchase and sale contract. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. In and of itself, it is not market value. The average contract interest rate for 5/1 ARMs decreased to 6.14

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Birmingham Appraisal

JANUARY 25, 2023

It goes without saying that if agents utilize the methods that appraisers use, their list prices, and the eventual contract price, will be more in line with what the appraiser’s opinion of value will be. Related posts: When is price per square foot NOT a good indicator of market value?

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Agents Appraisal Contracts Buyers 85

Birmingham Appraisal

MARCH 26, 2025

Appraisers prioritize: Arms length transactions Sales between unrelated parties at market value. Excluding distress sales Foreclosures, short sales, and estate sales often dont reflect true market value. Private or Off-Market Sales They can be used, however, the terms of sale should be verified.

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Raleigh Realty

AUGUST 27, 2021

Referrals - Consult with family and friends to see if they have realtors they have worked with in the past who would be willing to lend you their expertise. Although it will be credited to you at closing, these funds need to be readily available so that you can quickly deliver them to the seller upon contract formation.

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Real Estate Agent HOA Real Estate Agents 78

Town & Country Residential Appraisals

JANUARY 24, 2020

If you ever experience this from an agent, feel free to call the Pennsylvania Association of Realtors and report an ethics violation by clicking here. If you feel that an appraiser has artificially inflated a market value opinion, report this behavior to the PA Appraiser Board here. This one is hard to understand.

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Birmingham Appraisal

SEPTEMBER 3, 2024

Agents, eager to please their clients or secure a listing, may set the asking price too high, reflecting the seller’s emotional attachment rather than the property’s true market value. Why It’s a Problem: Overpricing can lead to the home sitting on the market for too long, becoming what we call a “ stale listing.”

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Appraisal Sellers Real Estate Market Value 52

PennyMac

JULY 20, 2021

Many of them have had great training and even specialized experience working for seasoned Realtors®. Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. Marketing plans and strategies are key.

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Real Estate Agent Real Estate Agents Sellers 69

Appraisal Today

AUGUST 16, 2024

It’s also essential to review the condo declarations and bylaws, inquire about pending critical repairs (whether known by the association or observed), and evaluate the impact on the market value of any special assessments related to these repairs. The average contract interest rate for 15-year fixed-rate mortgages decreased to 5.96

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Lamacchia Realty

JUNE 21, 2022

That’s because fewer homes are being placed under contract. Your home is priced much higher than properties in your area Your REALTOR® will complete a comparative market analysis of the homes sold in your area in the 2-3 months. If three weeks go by, contact your REALTOR® to discuss an adjustment on the list price.

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Housing Market Bracketing Marketing Sellers 69

Lamacchia Realty

FEBRUARY 22, 2022

Sellers who priced according to market value, and not too high, ended up getting much more for their homes than asking as buyers competed in bidding wars. Pending Home Sales (contracts accepted). There is a way to navigate this market successfully, with hiring a highly-trained, expert REALTOR being the first most important step.

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Inventory Sellers Buyers Real Estate 70

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Low Appraisals: When the appraised value of a property is lower than the contract price , it can cause problems. Common Appraisal Challenges That Impact Home Sales 1.

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Real Estate Agent Real Estate Agents Appraisal 85

Eppraisal

DECEMBER 20, 2022

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. Search Online According to the National Association of Realtors, 97% of home buyers search online at some point during their transaction. Appraisals will determine the current fair market value of the house.

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The Robert Weiler Company

OCTOBER 21, 2022

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 6: What is the overall commercial real estate appraisal process?

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AmeriMac

JANUARY 19, 2021

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. If your previous appraisal was unsatisfactory, you may, with the help of a realtor, craft your unofficial appraisal. It is a poor way to get market value.

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Listing Spark

AUGUST 2, 2021

If your home qualifies, Offerpad will have one of their “market experts” determine the market value and decide what Offerpad is willing to offer. They will then prepare a written offer using contracts that are normal to their respective market, along with several Offerpad addendums. Offer Calculation.

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Contracts Inspection Real Estate Sellers 36

Lamacchia Realty

APRIL 15, 2022

Since early March, about 40% of the homes that are for sale are going under contract within a week. week supply of homes on the market. Prices are so high that the market value of homes has increased, and the average house with a mortgage has 55% equity which is also the highest ever. That means there is a 2.5-week

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Marketing Sellers Buyers Inventory 69

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. . THE REALTOR’S VIEW.

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PennyMac

AUGUST 31, 2024

The price is formally documented in the purchase agreement, a legally binding contract that outlines the terms of the transaction. It protects both the buyer and lender's investment by independently assessing the property's value. At closing, the realtor will review that all contingencies have been met.

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Listing Spark

OCTOBER 18, 2021

However, this convenience comes at a cost with Opendoor’s take-it-or-leave-it offers often being close to, but ultimately below fair market value. At that point, Opendoor will determine if they plan to move forward with the sale as-is, attempt to negotiate as a result of the condition, or decide to terminate the contract.

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Sellers Inspection Real Estate Contracts 36

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen.

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