McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. USPAP Standards Rule 1-2 (c) requires the appraiser to identify the type and definition of value.

Appraisal 99

Appraisal Marketing Market Value Development 99

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. So what do you do when you’re asked to hit a certain value? Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

Appraisal 103

Appraisal Contracts Market Value Clients 103

The Robert Weiler Company

MARCH 15, 2021

And, it is a major development that the Columbus region should celebrate. But for commercial real estate developers, brokerage firms, and appraisers, there’s another story hiding in plain sight. A Special Purpose Property Definition. This scenario is what many real estate developers face. What Is It Anyway?

Appraisal 158

Appraisal Property Appraisal Real Estate Buyers 158

Appraisal Today

JULY 1, 2023

These resources supplement the initial documentation that was released in March 2023 to kick off industry development and preparation for the new appraisal dataset and report. Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value.

Appraisal 89

Appraisal Contracts Market Value Mortgage 89

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or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability. .

Appraisal 86

Appraisal Training Contracts Mortgage 86

Birmingham Appraisal

MAY 21, 2024

These features can significantly enhance the desirability and therefore the value of a property. Additionally, it’s wise to look into future development plans in the area as they could either boost or detract from your home’s value in the long run.

Home Value 75

Home Value Architecture Renovations Real Estate 75

Dart Appraisal

APRIL 22, 2021

Dart Appraisal’s team of reviewers often encounters what appears to be a common misunderstanding about which portion of an estate should be valued when a client or intended user request an appraisal report: The Fee Simple Estate or the Leased Fee Estate.

Tenants 67

Tenants Market Value Clients Landlords 67

McKissock

JUNE 8, 2021

In contrast, appraising is a process of developing and reporting a supported OPINION of value utilizing recognized methods and techniques and does not have a single “correct” answer. Did our opinions fall within a reasonably tight range? Yes, they did! Appraising is NOT a simple math formula/algorithm.

Appraisal 73

Appraisal Contracts Clients Law 73

McKissock

OCTOBER 23, 2020

McKissock’s Unlimited Learning Membership is your one-stop, money-saving solution for all CE plus professional development. If the appraiser is providing any services that would fall under that definition, the fee structure cannot be contingent on the outcome of the appeal. Learn more. Tax appeal. Income tax (IRS) issues.

Appraisal 77

Appraisal Insurance Legal Development 77

Empire Appraisal Group

AUGUST 12, 2021

Appraisers use three approaches to develop an opinion of the value of a home: The sales comparison approach looks at the subject property against similar, nearby recently sold properties. The cost approach considers the value of the site and the estimated cost to replace the subject dwelling, less depreciation. Molitor-Gennrich.

Sellers 78

Sellers Appraisal Development Construction 78

Appraisal Today

AUGUST 9, 2024

Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property. 31, 2024.

Appraisal 70

Appraisal Reconsideration of Value Insurance Market Value 70

McKissock

MAY 10, 2023

Now I am sure that this gentleman is thinking how difficult it is to get hired—but had I received a professional resume with some attention to detail, I would definitely have given him a follow-up interview. “No It’s not to value a home; it’s not to ensure that the bank isn’t making a bad decision. He even misspelled his own last name.

Real Estate 86

Real Estate Appraisal Training Business 86

Appraisal Today

FEBRUARY 28, 2025

———————————————— On Staying Current By Timothy Andersen, MAI Excerpts: In this monograph, we discuss the absolute necessity of developing more than one skill set as part of becoming a competent and professional real estate appraiser.

Appraisal 55

Appraisal Real Estate Contracts Training 55

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? There is a difference.

Real Estate Agent 94

Real Estate Agent Real Estate Clients Agents 94

AmeriMac

DECEMBER 30, 2023

We will start with the definition and purpose of these appraisals, followed by how they work, the factors considered in them, and preparing for an appraisal. We will also discuss what happens if an REO appraisal is low and how it impacts property value. This post will cover everything you need to know about REO appraisals.

Real Estate 36

Real Estate Appraisal Inspection Valuation 36

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.

Appraisal 77

Appraisal Business Contracts Real Estate 77

Birmingham Appraisal

AUGUST 14, 2024

As I noted, the 2008 financial crisis had a serious impact on the housing market, causing a dramatic slowdown in new construction and leading to more cautious lending practices. As a result, developers and buyers began to favor smaller, more affordable homes to reduce financial risk.

Bracketing 62

Bracketing Construction Design Real Estate 62

Zillow

OCTOBER 25, 2018

If you move here, we will pay down your student debt," explains Christy Hopkins, community development director for Kansas' least populated county, Greeley (in which Tribune sits). The Harmony Economic Development Authority offers a cash rebate program to incentivize new home construction. Median home value: $116,300.

Home Value 36

Home Value Construction Renovations Development 36

Assurance Financial

MAY 18, 2022

Department of Housing and Urban Development (HUD). USDA loans , also known as Rural Development loans, are designed to make homeownership affordable and provide affordable housing to rural communities across the U.S. There are some other notable differences between FHA and Rural Development loans. What Is an FHA Loan?

Insurance 69

Insurance Government Mortgage Sellers 69

Appraisal Today

APRIL 1, 2023

Instead this reviewer proceeded to tell me that it was one of the most detailed and well-developed reports he had seen in all his years reviewing relocation work. Keep the definition of intended users as narrow as possible. Again, I was expecting multiple questions about the report since it was complex and atypical for the area.

Clients 52

Clients Appraisal Contracts Business 52

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. . What is solid support for market value?

Market Value 299

Market Value Appraisal Contracts Buyers 299

Listing Spark

MARCH 15, 2022

Home appraisals provide you with an estimate of the market value of your property. A cluttered and messy house can definitely affect a home appraisal. Additionally, location is a major factor in determining a home’s value. A recent development has seen homes in metro areas increase in value.

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Assurance Financial

NOVEMBER 9, 2021

Buyer’s vs. seller’s markets are a matter of supply and demand. At its base, the housing market is relatively simple to understand, but there’s more that goes into it than these basic definitions. There are three primary differences between each of these market types. Power Dynamic.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Will Springer Realtor

OCTOBER 11, 2022

I’m not going to answer that – my crystal ball is broken – but if some economists had their way, it would be a definite possibility for 2023. People love experiences to fill their memory bank and social media feed – and real estate developers are listening. The local picture is less definitive. from today’s U.S. Dining out.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Clear Capital

SEPTEMBER 29, 2021

So it’s something that is definitely worth further investigation. And Ribbon is actually company we’ve been definitely keeping our eye on — doing some some super cool things out there in the industry, helping buyers be more competitive in the marketplace. And then that triggered a whole series of developments for us.

Sellers 69

Sellers Agents Real Estate Appraisal 69

Appraisal Today

SEPTEMBER 9, 2022

What Is a Reconciled Value? Excerpts: What does the appraiser do with the three different values that may be developed? The appraiser must now reconcile these three values into one final opinion of value. Keep the definition of intended users as narrow as possible. By Jamie Owen. To read more, click here.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

JANUARY 5, 2024

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. There are five myths and misconceptions that are addressed in the changes to the 2024 USPAP. Chance to really irritate annoying real estate salespeople.

Appraisal 79

Appraisal Contracts Business Legal 79

Housing Wire

DECEMBER 12, 2024

The after-repair value is the estimated full market value of a property in fully repaired condition. By definition, most distressed properties sold at auction are in need of substantial renovations. The reserve, known as reservation price in auction theory, is simply the minimum amount a seller is willing to take to sell.

Housing Market 370

Housing Market Retail Marketing Sellers 370

Appraisal Today

MARCH 21, 2025

So one main difference between traditional lender appraisals and relocation appraisals is the forecasting aspect: whereas lender appraisals determine a current market value, relocation appraisals try to project what the sales price WILL be. You definitely needed to be nice, not rush through the inspection, dress professionally, etc.

Appraisal 52

Appraisal Reconsideration of Value Mortgage Contracts 52

Housing Wire

NOVEMBER 18, 2024

Department of Housing and Urban Development (HUD), as well as a detailed housing plan. If the plan were to move forward, the federal government — which controls about 650 million acres of land — would invite developers to bid on parcels, provided they commit to maintaining a percentage of units at affordable rates for local communities. “We’re

Development 468

Development Construction Government Land Management 468