Miller Samuel

MARCH 19, 2019

Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices. Manhattan saw a 30 percent price increase over the past year, on average, which market analyst Jonathan Miller attributes primarily to sales closing in ultraluxury buildings.

Real Estate 370

Real Estate Law Development Investors 370

DW Slater Company

JUNE 6, 2022

It was definitely an unbelievable story at the time I saw it. percent less than market value, and sat on the market for approximately 47 percent longer than average houses. Low inventories can diminish some of the negative impact of the stigma but most likely not erase it. You can check it out here.

Real Estate 171

Real Estate Appraisal Market Value Marketing 171

Appraisal Today

JULY 1, 2023

Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). These definitions, prima fasciae, are at odds with each other.

Appraisal 89

Appraisal Contracts Market Value Mortgage 89

Empire Appraisal Group

AUGUST 8, 2024

The Dangers of Overpricing a Home By Diane Jones Overpricing can scare off buyers, leading a home to be on the market longer. WASHINGTON – It is definitely best to price your home correctly as soon as the listing goes live. Pricing a home correctly will avoid any problems when it’s time for the appraisal.

Real Estate 78

Real Estate Sellers Buyers Market Value 78

The Robert Weiler Company

APRIL 20, 2021

The process, however, is much less straightforward than the definition. So, how are businesses valued? They are: (1) the asset-based approach; (2) the earning value approach; and (3) the market value approach. The market value approach. The asset-based approach. Scratching your head?

Valuation 147

Valuation Business Buyers Market Value 147

Hank Miller Team

JANUARY 25, 2022

Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price. Market Value Market value anticipates the “a home should sell for” question. It is often a percentage of fair market value.

Home Value 52

Home Value Market Value Buyers Inventory 52

Eppraisal

JUNE 14, 2024

Here’s a look at the most common strategies: Market Value Pricing: Definition: Setting the price at what you and your real estate agent believe the home is truly worth based on the CMA. Best For: Balanced markets where supply and demand are relatively equal. The Goal of Multiple Offers: Is It Realistic?

Market Value 36

Market Value Buyers Sellers Inventory 36

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.

Appraisal 70

Appraisal Reconsideration of Value Insurance Market Value 70

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 the previous week.

Appraisal 86

Appraisal Training Contracts Mortgage 86

Appraisal Today

AUGUST 30, 2024

By John Fariss Excerpts: In recent discussions surrounding the accuracy of home appraisals, a critical flaw has emerged in the prevailing narrative: the assumption that the contract price is the correct value of a property. Again, I ask, does contract price equal market value? Available Sept. percent the previous week.

Appraisal 80

Appraisal Contracts Architecture Mortgage 80

Lamacchia Realty

JULY 22, 2022

As soon as the market gassed up after the COVID shutdowns in March 2020, diminishing inventory and artificially low rates boosted prices to historic levels. As the market has cooled over the past few months with the increase in mortgage rates, they still haven’t started to fall. to $483,715, and multi-families are up 10.1%

Sellers 74

Sellers Buyers Inventory Contracts 74

Appraisal Today

AUGUST 30, 2024

By John Fariss Excerpts: In recent discussions surrounding the accuracy of home appraisals, a critical flaw has emerged in the prevailing narrative: the assumption that the contract price is the correct value of a property. Again, I ask, does contract price equal market value? Available Sept. percent the previous week.

Appraisal 61

Appraisal Contracts Architecture Market Value 61

Rowe Appraisal Group

MAY 6, 2020

If a home was only listed on the MLS for 5 days and has multiple offers, it most likely indicates that the list price is at or below market value. Or it could signal that inventory levels are low and buyers have very few alternatives. Maybe I need to look deeper at the current market conditions. Are inventory levels low?

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

If a home was only listed on the MLS for 5 days and has multiple offers, it most likely indicates that the list price is at or below market value. Or it could signal that inventory levels are low and buyers have very few alternatives. Maybe I need to look deeper at the current market conditions. Are inventory levels low?

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

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 55

Appraisal Real Estate Contracts Training 55

Appraisal Today

FEBRUARY 16, 2024

There were definitely adjustments for homes built by famous, widely known, architects. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Worth reading. A good summary.

Appraisal 84

Appraisal Contracts Training Architecture 84

Appraisal Today

AUGUST 23, 2024

To read more, Click Here My comment: This is definitely affecting some local real estate markets with homes being rented instead of available for sale. The book thoroughly discusses specialty residential property types and markets. Home sales have slowed despite rising inventory levels. percent the previous week.

Appraisal 71

Appraisal Contracts Investors Property Appraisal 71

Appraisal Today

FEBRUARY 9, 2024

to provide a specific definition, which includes: Refrigerators Ranges/ovens Dishwashers Garbage disposals Microwaves Washers and dryers It’s important to note this does not include garage door openers, swimming pool pumps, intercoms, sound systems, and security systems. How does the FHA define appliances? By Daniel A. FHA Handbook 4000.1

Appraisal 84

Appraisal Contracts Insurance Construction 84

Appraisal Today

MAY 17, 2024

Click here = Appraisals for estates and trusts The most popular non-lender appraisals Topics include: Estate/trust liability advice Use the IRS definition of Fair Market Value What forms to use? Date of value – be sure you use the correct date(s) What information do you have on the condition of the subject?

Tools 67

Tools Appraisal Renovations Design 67

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

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. Marketing Strategies.

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. The local picture is less definitive. The local single-family market is riding a similar up-and-down wave, depending on the area. months (or 40 days) worth of inventory is on the market.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Appraisal Today

SEPTEMBER 9, 2022

The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Keep the definition of intended users as narrow as possible. So they are paying investment value, not market value.

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. percent the previous week.

Appraisal 79

Appraisal Contracts Business Legal 79

Housing Wire

FEBRUARY 19, 2025

Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. Review comparable sales: Show your clients how a comparative market analysis (CMA) will be used to help them make an offer and determine the fair market value (FMV). This is when your buyers need you the most.

Inspection 372

Inspection Clients Buyers Real Estate 372

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. The after-repair value is the estimated full market value of a property in fully repaired condition.

Housing Market 370

Housing Market Retail Marketing Sellers 370

Housing Wire

DECEMBER 27, 2024

billion in origination volume in the third quarter of 2024 , when it reported profitability in its origination segment even with an overall loss of $67 million due to a market value change in its servicing book. Guild posted $6.9 Hanson said.

Mortgage 397

Mortgage Retail Valuation Loan Officers 397

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

OCTOBER 10, 2023

More than a dozen industry pros and attorneys told HousingWire that RESPA rules are unclear, leaving violations to flourish in a shrinking market. One can’t spend more than the reasonable market value, must also use these services and actually receive them. However, the Freedom case represented a “wakeup call.”

Real Estate Agent 476

Real Estate Agent Loan Officers Real Estate Agents 476