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

Birmingham Appraisal

NOVEMBER 20, 2024

The bottom line is that while a Zillow Zestimate or any other AVM model may give you a 20,000-foot view of the general price range of a property, an appraisal performed by a live person provides a more focused and accurate estimate of the home’s value that can be used to make an informed loan or purchase decision.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

McKissock

JUNE 8, 2021

She threatened to turn me in to the State because she said: “It’s against the law for two different appraisers to have different value opinions.” So, what if a client provides a sales contract to the appraiser after the report is completed, and the appraised value estimate is five percent above the contract price?

Appraisal 73

Appraisal Contracts Clients Law 73

GoForrmz

JANUARY 16, 2025

Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 Electronic signature tools allow construction businesses to speed up the signing process for contracts and other critical documents while maintaining legal compliance.

Tools 78

Tools Construction Business Project Management 78

McKissock

MAY 10, 2023

Sometimes they fear that the newcomer, once fully trained, will become a competitor. Older appraisers will often want to keep the business alive, and thus will be glad to train a successor. We all have skill sets and experience that we can market to potential mentors.” However, this is a “greying” business.

Real Estate 86

Real Estate Appraisal Training Business 86

Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability. percent from 6.52

Appraisal 82

Appraisal Training Contracts Mortgage 82

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.

Agents 94

Agents Appraisal Real Estate Agent Bracketing 94

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? via Zillow.com Are Zestimate’s Worth Looking At?

Real Estate Agent 74

Real Estate Agent Real Estate Sellers Realtors 74

Appraisal Today

FEBRUARY 16, 2024

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” And you have a huge advantage in learning; as an educated and trained residential appraiser you have an existing tree of knowledge to which you can readily add new knowledge contextually.

Appraisal 80

Appraisal Contracts Training Architecture 80

Town & Country Residential Appraisals

JUNE 6, 2022

When making a decision to contract just about anyone to perform a service, one of the most important qualifiers for most is the experience one brings to the table. Add to that the reports I completed during my training process and then as a certified appraiser in a different office for over 8 years.

Real Estate 50

Real Estate Valuation Real Estate Agent Appraisal 50

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1 Lee Miller. percent from 13.3

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values. .

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

SEPTEMBER 20, 2024

Value is defined in the Uniform Standards of Professional Appraisal Practice (USPAP) as: “The monetary relationship between properties and those who buy, sell, or use those properties, expressed as an opinion of the worth of a property at a given time. Unlike value, price is not an opinion. What is Sale Price? It is a fact. Handbook.”

Appraisal 73

Appraisal Business Contracts Real Estate 73

Appraisal Today

MAY 31, 2024

Get trained 10. Two appraisers may be working to develop an opinion of the market value of the same property. Let’s call the appraiser’s opinion of the property’s market value the cake. from 0.60 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. Going paperless starts small 8.

Appraisal 65

Appraisal Insurance Contracts Architecture 65

McKissock

JULY 11, 2022

” Here are two quotes from that article that are still true today: “How credible do you think a current estimate of market value will be if it is based solely on three sales made to low down-payment buyers at the height of the recent feeding frenzy?” The same can’t be said for the other two.

Real Estate 72

Real Estate Appraisal Valuation Inspection 72

Appraisal Today

FEBRUARY 28, 2025

At its core, real estate appraising involves the due diligence necessary to form a credible opinion of the market value of a particular property.This requires a deep understanding of the appraisers local real estate market, as well as of the physical, legal, and economic factors that influence property values in it.

Appraisal 54

Appraisal Real Estate Contracts Training 54

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.

Inventory 71

Inventory Sellers Buyers Real Estate 71

Appraisal Today

JUNE 21, 2024

FIXATE ON ACTIVES & PENDINGS: A closed sale today doesn’t really tell us about the market today. It tells us more about the trend one month ago when the property got into contract. Where is the market at right now? This is where we want to give strong respect to other similar units that are getting into contract.

Appraisal 69

Appraisal Architecture Contracts Design 69

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. Because We Buy Ugly Houses are real estate investors, they need to be able to acquire properties below market value and turn a profit. As part of the HomeVestors Inc. How it works with We Buy Ugly Houses.

Sellers 36

Sellers Contracts Investors Real Estate 36

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. How will they communicate with you and how often?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

AmeriMac

JANUARY 3, 2022

A home appraiser is someone who has been both licensed and trained who physically visits the property in question. Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. What Is an Appraisal Contingency?

Appraisal 36

Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

A home appraiser is someone who has been both licensed and trained who physically visits the property in question. Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. What Is an Appraisal Contingency?

Appraisal 36

Appraisal Buyers Sellers Contracts 36

Clear Capital

SEPTEMBER 29, 2021

Clear cCapital just announced that we have acquired a Finnish proptech startup called CubiCasa and CubiCasa is incredibly exciting technology that enables anyone with a smartphone and no training to do a 10-minute walkthrough a property and get a fully detailed, accurate floorplan with gross living area. Kenon Chen. So, we back that number.

Sellers 69

Sellers Agents Real Estate Appraisal 69

Appraisal Today

SEPTEMBER 9, 2022

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” So they are paying investment value, not market value. With USPAP, what’s important now is changes in market trends. The appraisal should not be used for any other purpose.”

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Buzz

DECEMBER 2, 2024

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. This has been independently verified with the source.

Marketing 352

Marketing Appraisal Development Market Value 352