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 468

Real Estate Agent Real Estate Inspection Valuation 468

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.

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Real Estate Open Houses Agents Sellers 467

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

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

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 Buzz

SEPTEMBER 12, 2022

Since 2020, iBuying has soared in popularity as many sellers have taken advantage since the start of the pandemic. Sellers used iBuying to bypass the lengthy aspects of the traditional homebuying process to receive cash payments in an expedited manner. Either way, sellers should decide what’s worth more to them.

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Supply Chain Sellers Housing Market Appraisal 195

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

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Sellers HOA Insurance Contracts 69

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

AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. 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. Additionally, having an appraisal contingency in place protects sellers.

Real Estate 36

Real Estate Appraisal Inspection Valuation 36

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

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 324

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

Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.

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Sellers Buyers Agents Real Estate Agent 55

Hank Miller Team

JANUARY 25, 2022

Purchase Price The purchase price is the amount the buyer agrees to pay the seller; this tends to support the “it’s worth what a buyer will pay” idea. Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price.

Home Value 52

Home Value Market Value Buyers Inventory 52

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

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. 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.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Padove Appraisal Service

MARCH 17, 2019

The spring real estate market is quickly approaching. This can be good news for both buyers and sellers. The summer months typically bring higher sale prices to sellers. Regardless of overall trends, this chart shows a definite drop in median sale prices during the winter months and a peak during the summer.

Real Estate 78

Real Estate Sellers Buyers Appraisal 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.

Appraisal 68

Appraisal Reconsideration of Value Insurance Market Value 68

Portland Appraisal Blog

APRIL 14, 2019

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. There is no law forbidding someone from paying more than the average market participant for a home unless the motive for doing so falls under money laundering, bribery, or some other equally nefarious scheme. What just happened?

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

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.

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Inspection Appraisal Market Value Finance 111

Housing Wire

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. In light of the recent NAR lawsuit outcome , seller leads are even more crucial. Companies like SmartZip can quickly and easily generate a list of potential home sellers based on data, not just a zip code. It’s a great time to sell.

Real Estate 221

Real Estate Tools Real Estate Agent Agents 221

DW Slater Company

NOVEMBER 30, 2022

Days on Market. Days on the Market continue to climb. Sellers are no longer getting over list price. Bringing up the housing market during Thanksgiving dinner – Sacramento Appraisal Blog. Market Value Definition Outdated? Months of Supply. Percent of Original Price. Volume is down. Sneak Peek.

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Real Estate Housing Market Appraisal Marketing 97

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

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? For sellers, this can be appealing, as it may justify a higher asking price.

Real Estate Agent 93

Real Estate Agent Real Estate Clients Agents 93

Town & Country Residential Appraisals

JULY 5, 2022

The buyer and seller might have opposing Interests but they equally desire for the sale to close. The buyer obviously wants to have ownership of the home and the seller would like to, for whatever the reason, no longer own the home and either pay off their existing loan and/or walk away with some cash.

Appraisal 58

Appraisal Sellers Agents Real Estate 58

Empire Appraisal Group

AUGUST 12, 2021

Be ready to explain to home buyers and sellers why there may be conflicting reports on a home’s livable space. Many characteristics affect the appeal, marketability, and value of a property. The cost approach considers the value of the site and the estimated cost to replace the subject dwelling, less depreciation.

Sellers 78

Sellers Appraisal Development Construction 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?

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Valuation Business Buyers Market Value 147

McKissock

JANUARY 31, 2023

.” “That we research value, we do not assign it.” ” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” The subdivision decides the market value of a home.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Lamacchia Realty

JULY 22, 2022

A decrease in new listings shows that sellers are starting to fear losing their current, lower mortgage when they sell their home and buy a new one and land a 30-year mortgage at potentially twice the rate. Up until spring of 2020, the number of homes on the market (blue line) was above the number of homes with offers accepted (green line).

Sellers 74

Sellers Buyers Inventory Contracts 74

Appraisal Today

SEPTEMBER 20, 2024

percent from one week earlier Appraised Value Vs. Sale Price Excerpts: Property sellers often ask professionals who are performing appraisals for mortgage lending, “Why is an appraisal even needed? However, when it comes to appraised value vs. sale price, they are not the same thing. Unlike value, price is not an opinion.

Appraisal 75

Appraisal Business Contracts Real Estate 75

Assurance Financial

APRIL 29, 2021

If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Use the home loan glossary below to get familiar with terms and definitions that might be new to you. Fair Market Value.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

McKissock

JANUARY 14, 2022

The standard appraisal report’s definition of market value refers to “typical buyers,” most of whom would become acutely aware of such odors right at the door, and when it’s significant will either walk away or discount their offering price.

Appraisal 77

Appraisal Tenants Inspection Market Value 77

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

When you are the seller of a FSBO (For Sale By Owner). My experience in completing appraisals for properties that have been sold without the professional expertise of a real estate professional is that the selling price is often lower than the value. When you are a cash buyer you definitely want to get an appraisal.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Housing Wire

JANUARY 24, 2024

By definition, a lowball offer is an offer that is significantly below market value. Asking price and market value are not always the same thing. Determine if the listing is priced correctly Determine the actual market value of the subject property. Has the seller recently corrected negative feedback?

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Buyers Sellers Counter Offer Agents 470

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. Note this definition does not condemn someone for the mere act of anchoring but states that condemnation is oriented to someone who relies too heavily on a specific piece of information.

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

The Robert Weiler Company

MARCH 15, 2021

A Special Purpose Property Definition. Legally speaking, a special purpose property definition can be illustrated as any property that has limited use or marketability in addition to features intended for singular use. And, they too, face a variety of challenges unique to their designation. What Is It Anyway?

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Appraisal Property Appraisal Real Estate Buyers 158

Chicagoland Appraisal Blog

MAY 13, 2021

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home.

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Appraisal Renovations Home Value Real Estate 88