Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. Also part of the definition: Reasonable market exposure time. The reality I found was: Dell operative definition of market value.

Market Value 321

Market Value Sellers Buyers Finance 321

Appraisal Buzz

OCTOBER 4, 2024

Almost every survey respondent agreed that trash, junk, or excessive clutter, either outside or inside a seller’s home, decreases a home’s market value. About half of them estimated that said disarray would result in a “significant” property value decrease.

Home Value 397

Home Value Real Estate Agent Sellers Real Estate 397

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?

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

MAY 21, 2024

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

Real Estate Agent 486

Real Estate Agent Real Estate Inspection Valuation 486

Housing Wire

NOVEMBER 7, 2023

It (the tax) is definitely a question that people want to know, that is, how much are the property taxes if I live in eastern Austin versus living here in Williamson County,” Toliver said. “If The assessed value is often significantly lower than the appraised market value. But counties do assessments in different ways.

Property Taxes 541

Property Taxes Home Value Government Valuation 541

Appraisal Buzz

JULY 18, 2022

In Lancaster City, for example, we must be weary that any sale going under agreement in less than 2 weeks in the current market is reflective of “market value.” The post Market Correction or Seller Panic? These concepts are what appraisers refer to as the relationship between “exposure time” and “conditions of sale.”

Sellers 435

Sellers Marketing Market Value Home Value 435

George Dell

FEBRUARY 1, 2023

Market, the word, is used over 2500 times in The Appraisal of Real Estate. Market” must matter! Market” has two main meanings which correspond to the definitions in The Dictionary of Real Estate Appraisal. One is a system to bring […] The post Market Target? But what is it?

Marketing 195

Marketing Real Estate Appraisal Market Value 195

George Dell

AUGUST 31, 2022

Yet our definitions of value nearly all define a “most probable” price. The transaction zone is a range within which a sale price might occur. In prior issues, we have discussed how vintage appraisal practice is vulnerable to accusations of bias. The post Bias in the (Transaction) Zone?

Appraisal Process 195

Appraisal Process Appraisal Market Value Marketing 195

National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

Home Value 69

Home Value Market Value Appraisal Sellers 69

Housing Wire

JULY 16, 2021

The declaration comes 48 hours after Compass and Guaranteed Rate told of a definitive agreement to begin their own mortgage joint venture, OriginPoint. billion market capitalization, less than half of its previous market value. But eXp’s stock has dipped from a high of $80 per share in February to $33 as of Friday.

Mortgage 435

Mortgage Lending Brokerage Agents 435

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

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

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

Housing Wire

NOVEMBER 19, 2020

Now, heirs will pay market value in taxes. What does the passage of Prop 19 mean for the general housing market in one of the nation’s more expensive states to live in? Although the state itself will experience a windfall, blue collar workers looking to remain in state may find it increasingly unaffordable.

Property Taxes 493

Property Taxes Realtors Inventory Law 493

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 87

Appraisal Contracts Market Value Mortgage 87

Appraisal Today

NOVEMBER 25, 2022

I will be writing about this in an upcoming issue of the monthly Appraisal Today, with lots of marketing and expert witness tips. Creative Appraisal Definitions Humor e. Is the Definition of Market Value Outdated? Excerpts: Why has the current definition of market value been around without change for so long?

Appraisal 52

Appraisal Market Value Contracts Finance 52

Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. Therefore, some may consider scanning a home to generate a floor plan and obtain measurements to be an inspection.

Inspection 369

Inspection Appraisal Technology Clients 369

Appraisal Buzz

SEPTEMBER 12, 2022

However, there’s a definite market need for iBuyers since people need to sell because they face financial distress or immediate moves. There are homeowners in need of the convenience of a quick sale at current market value, and they’re not necessarily focused on obtaining the largest margin for profit.

Supply Chain 195

Supply Chain Sellers Housing Market Appraisal 195

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

Housing Wire

DECEMBER 10, 2021

So far this year, the company has brought seven non-QM private-label deals to market valued at nearly $2.5 That’s up from 54 deals valued at nearly $18 billion for all of 2020 — a year disrupted by the emergence of the pandemic. “We just see tremendous opportunity.”. billion, according to bond-rating reports.

Lending 497

Lending Finance Mortgage Government 497

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

Appraisal 103

Appraisal Contracts Market Value Clients 103

McKissock

APRIL 30, 2021

Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value. Remember, in general, market value is defined as the most probable price a property should bring in a competitive and open market. Non-arm’s length sale. Arm’s length sale.

Market Value 88

Market Value Real Estate Appraisal Sellers 88

Birmingham Appraisal

MAY 21, 2024

It’s also important to differentiate between above-ground and below-ground living spaces, as basements often do not carry the same value as main-level square footage. While basements definitely add value the type of basement and the rooms in the basement will have a big impact on buyers and how much more they are willing to pay for it.

Home Value 74

Home Value Architecture Renovations Real Estate 74

Housing Wire

NOVEMBER 23, 2021

Then, in November, the same SEC filings reveals, Rocket “purchased MSRs relating to certain single-family mortgages loans with an aggregate unpaid principal balance of approximately $9 billion and a fair market value of approximately $82.1 The MSR market has definitely improved [in recent months] and values are better right now.

Marketing 361

Marketing Mortgage Market Value Sellers 361

Appraisal Buzz

MAY 31, 2022

While this definition is offered in the context of the practice of Real Estate Appraisal, the question that comes to mind is: can an appraisal review be performed by a person or process that is not a part of an appraisal practice?

Real Estate 221

Real Estate Valuation Lending Appraisal 221

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 68

Appraisal Reconsideration of Value Insurance Market Value 68

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

Realtor

SEPTEMBER 19, 2023

This usually takes at least a few days — and definitely more than a few hours. Don’t put too much stock in home improvements We’re sure your brand-new kitchen is stunning but don’t be surprised if it doesn’t proportionally raise your home’s market value when it comes to the home appraisals.

Appraisal 194

Appraisal Sellers Real Estate Agent Appraisal Process 194

McKissock

OCTOBER 3, 2021

This means that you will be able to find houses being sold below market value, which will make marketing the property easier and your profit larger. So, while wholesaling is absolutely feasible without a license, getting a real estate license for investing will definitely make you more competitive in this strategy.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Housing Wire

MAY 26, 2023

The property is then listed, typically below market value to generate interest in the listing. That definitely tipped us off because very few people really live like that.” Then, posing as the property owner, the scammer contacts a real estate agent to list the property.

Sellers 397

Sellers Real Estate Realtors Real Estate Agent 397

PennyMac

NOVEMBER 21, 2024

Home equity is the difference between the current value of your home and the amount you still owe on your mortgage. But while that’s the simple definition, it actually means a lot more — it’s an important financial tool. Home equity represents both what you've paid into your loan and any increase in your home's value.

Renovations 36

Renovations Home Value Market Value Mortgage 36

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

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. One definition of the word reconcile in Dictionary.com is “to bring into agreement or harmony; make compatible or consistent.”

Development 337

Development Appraisal Valuation Market Value 337

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

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.

Appraisal 309

Appraisal Law Development Valuation 309

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.

Appraisal 77

Appraisal Contracts Architecture Mortgage 77

Realtor

MARCH 7, 2023

This is definitely the case if you’re considering a USDA loan from the Department of Agriculture. The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit.

Inspection 111

Inspection Appraisal Market Value Finance 111

McKissock

JUNE 8, 2021

I would think in theory, if the real estate brokers did their jobs appropriately, and the buyer and seller did theirs, and were knowledgeable or well advised, and acting in their own best interest (plus all the rest of the standard Market Value definition criteria), and the appraiser was not given a copy of the sales contract, about half of appraisals (..)

Appraisal 73

Appraisal Contracts Clients Law 73