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.

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Market Value Sellers Buyers Finance 321

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.

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Property Taxes Home Value Government Valuation 541

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.

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Home Value Real Estate Agent Sellers Real Estate 397

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.

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Real Estate Agent Real Estate Inspection Valuation 484

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.”

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Sellers Marketing Market Value Home Value 435

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

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

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”. .”

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Market Value Marketing Property Appraisal Appraisal 80

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.

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Lending Finance Mortgage Government 497

Appraisal Buzz

JANUARY 20, 2025

Without the appropriate metric, any combination of sales will result in a potential value conclusion which is a poor predictor of value. Remember, the Fannie Mae definition of market value begins with the most probable price.)

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Appraisal Real Estate Buyers Market Value 248

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.

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Marketing Mortgage Market Value Sellers 354

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.

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Inspection Appraisal Technology Clients 369

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?

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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?

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Appraisal Process Appraisal Market Value Marketing 195

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.

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Sellers Real Estate Realtors Real Estate Agent 397

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.”

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Appraisal Development Valuation Market Value 337

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.

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Appraisal Law Development Valuation 309

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.

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Appraisal Marketing Market Value Development 99

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?

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Real Estate Valuation Lending Appraisal 221

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.

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Supply Chain Sellers Housing Market Appraisal 195

Miller Samuel

MARCH 19, 2019

The market value of these properties will be based on a "comparable sale-based valuation method." which seems in direct conflict with state law since co-ops and condos are valued as rentals by state law in NYC. You probably think of the market value of your co-op or condo as the price you could sell it for on the open market.

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Real Estate Law Development Investors 370

Housing Wire

JUNE 2, 2022

“It takes time for the systems to integrate it, but I definitely think that [blockchain] is the future.” million in crypto-loan value across 35 homes that have a total market value of some $44 million. ” “But it takes time,” she added. The stable coin, pegged to the U.S.

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Technology Investing Investors Mortgage 418

National Association of Realtors

AUGUST 1, 2023

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

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Home Value Market Value Appraisal Sellers 69

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.

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Appraisal Contracts Market Value Clients 103

Housing Wire

JUNE 7, 2024

Market data about the area, an invitation to an upcoming open house, or info about a coming soon listing nearby are all great items of value. Don’t forget to include your contact information and a call to action such as: “Call/text me to learn about your home’s current market value.” Who’s it for?

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Real Estate Open Houses Agents Sellers 468

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.

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Appraisal Sellers Real Estate Agent Appraisal Process 189

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.

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Market Value Real Estate Appraisal Sellers 88

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.

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Appraisal Contracts Market Value Mortgage 87

Appraisal Buzz

SEPTEMBER 20, 2021

This article will pick up where the last one left off, so you will definitely want to read Part 1 of this series before continuing. Since market value is defined as the most probable price (with stipulations, of course), if your distribution is ‘normal’, then each of those measures will point to the same conclusion.

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Sellers Appraisal Inventory Buyers 195

AmeriMac

JANUARY 31, 2025

A qualified professional appraiser gives an unbiased estimate of the property’s market value. This value considers different factors to ensure buyers and sellers are treated fairly. Understanding real estate appraisals is crucial in a changing market like New Albany, OH.

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Real Estate Appraisal Valuation Real Estate Agent 36

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. I didn’t know about the sensational trial that ended in her acquittal.

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Real Estate Appraisal Market Value Marketing 171

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?

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Valuation Business Buyers Market Value 147

MN Real Estate Services

APRIL 20, 2017

Appraisers use three approaches to value in Appraisal Practice when determining the Market Value of a property: The Sales Comparison Approach. The Sales Comparison Approach is the primary approach used with typical residential situations, but extends beyond that market. The Cost Approach. The Income Approach.

Real Estate 78

Real Estate Appraisal Valuation Market Value 78

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.

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Investing Real Estate Real Estate Agent Realtors 87

Housing Wire

NOVEMBER 5, 2023

Let’s take a deeper dive—8 circle prospecting ideas You already know the definition of circle prospecting, but let’s talk about more specific aspects and how to use it most effectively. May I ask, have you thought about selling your home, or are you curious about its current market value?” It’s a great time to sell.

Real Estate 221

Real Estate Tools Real Estate Agent Agents 221

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

Portland Appraisal Blog

APRIL 14, 2019

Most loans will fall under federal guidelines and use a definition for market value found on the form report workhorse of the appraisal world—the Fannie Mae 1004 Form. However, many agents (and sadly, more than a few appraisers) have not taken the time to read the definitions and certifications contained in the form.

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Appraisal Reconsideration of Value Agents Market Value 78