Boston Appraisal

NOVEMBER 6, 2020

Reason #1: The Range of Value. The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. A real estate appraisal measures the actions of typical buyers and sellers in the marketplace and rarely do two buyers offer the same exact amount.

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Appraisal Market Value Real Estate Sellers 148

D Fritz Appraisals

MAY 13, 2024

Preparing Your Home for Sale Preparing your home for sale in British Columbia involves steps designed to enhance its appeal to potential buyers and ensure it is presented in the best possible light. Professional staging services can be employed for those seeking expert guidance, although many sellers undertake this process.

Real Estate 121

Real Estate Buyers Sellers Appraisal 121

Realtor

FEBRUARY 18, 2025

While drive-by appraisals provide a quick and cost-effective way to estimate a homes value, they are not designed to replace traditional appraisals entirely. A drive-by appraisal is a streamlined method of estimating a homes market value. What is a drive-by appraisal?

Appraisal 100

Appraisal Real Estate Agent Valuation Inspection 100

Appraisal Buzz

JANUARY 20, 2025

Let me pause to point out that the data above has a specific pattern by design. Real estate markets are complex, but they do have discernible patterns, because the actions of buyers and sellers are not random. 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

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. A home appraisal determines the fair market value of a home. Time and energy have been spent and now the seller knows just how much they can reasonably expect from traditional buyers.

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Appraisal Process Appraisal Construction Sellers 139

Realvals

JUNE 18, 2023

An appraisal will provide you with the current market value of your real estate. In some cases, if you and your spouse cannot reach an agreement on the value of your shared property, a court may require a professional appraisal. You’ll learn the current market value, and even valuable income info if requested.

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Appraisal Property Taxes Real Estate Market Value 145

Appraisal Partners Blog

JANUARY 20, 2025

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. For sellers, an appraisal helps establish a realistic asking price based on market conditions. The age of appliances, mechanicals, and overall design also factor in.

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Appraisal Inspection Valuation Appraisal Process 78

Boston Appraisal

NOVEMBER 6, 2020

Reason #1: The Range of Value The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. A real estate appraisal measures the actions of typical buyers and sellers in the marketplace and rarely do two buyers offer the same exact amount.

Appraisal 78

Appraisal Market Value Sellers Real Estate 78

Realtor

MARCH 7, 2023

Though the design, system, and fuel source don’t matter, the unit must provide appropriate temperature control. The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit. Operable heating and cooling: The home must have working heating and cooling systems.

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Inspection Appraisal Market Value Finance 111

McKissock

OCTOBER 12, 2021

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” Who might buy it?

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Appraisal Market Value Investors Buyers 84

The Robert Weiler Company

MARCH 15, 2021

Today, it is in the aforementioned neighborhoods that a special purpose property – buildings designed for one specific use – are being repurposed for new ventures. And, they too, face a variety of challenges unique to their designation. For instance, the property’s layout may be distinctive or it the building’s design one-of-a-kind.

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Appraisal Property Appraisal Real Estate Buyers 158

Lamacchia Realty

APRIL 17, 2024

If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. While some sellers may renovate a bathroom or do small improvements to make the home feel new , don’t overlook the power of a fresh hardwood floor.

Home Value 74

Home Value Buyers Realtors Realty 74

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. Design Style – Sales with similar overall design and appeal. Age of Sale Date – Sales within 12 months.

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. Design Style – Sales with similar overall design and appeal. Age of Sale Date – Sales within 12 months.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

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.

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Sellers Appraisal Development Construction 78

Assurance Financial

APRIL 29, 2021

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money. Fair Market Value.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

McKissock

DECEMBER 21, 2021

Choose a professional designer to prepare the brochure to maximize the features of the home – the difference is astounding. Real Marketing provides just such a service. A little bit of friendly competition encourages bidders to commit to properties they love, which increases the chances of your home selling at market value or above.

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Marketing Decorating Training Buyers 86

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 76

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.

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Home Value Market Value Buyers Inventory 52

Birmingham Appraisal

NOVEMBER 20, 2024

This is also something that the appraiser must consider because it reflects the back-and-forth negotiations between buyer and seller. The appraiser is hired by the lender to determine the market value of the collateral they are taking for the loan. In reality, the lender is the appraiser’s client.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

McKissock

NOVEMBER 16, 2021

When you receive an ROV, the first thing you should do is to make sure that the request was forwarded by your client or parties designated by the client, such as an AMC or an agent of the client. USPAP prohibits an appraiser from discussing the results of an appraisal with anyone other than the client or parties designated by the client.

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Reconsideration of Value Clients Appraisal Real Estate Agent 91

Appraisal Today

JULY 1, 2023

Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. But what stands out are the first seven words of Fannie’s definition: “[m]arket value is the most probable price…,” (emphasis added) a definition that places value firmly on the pedestal of sales price.

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Appraisal Contracts Market Value Mortgage 85

Appraisal Today

SEPTEMBER 15, 2023

The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than market value. Therefore, the final price may not reflect the market value of the property.

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Appraisal Real Estate Agent Contracts Real Estate 82

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. After taking care of the above expenses, whatever amount is left over is the seller’s profit. As a result, the seller no longer has that mortgage. Traditional Home Sale.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Appraisal Partners Blog

JANUARY 10, 2025

These standards are designed to prevent conflicts of interest, to promote impartial decision-making, and to guarantee that property valuations reflect the true market value, based on data, not on external pressure or influence. The ethical practice of appraisal is not a suggestion, its a requirement.

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Valuation Real Estate Appraisal Legal 78

Appraisal Today

JUNE 21, 2024

Developed over time with the guidance of prominent designer John Saladino initially and then later with the legendary architect Peter Marino who reimagined the structure back in 2005 and oversaw a 10,000 square foot addition to the house. Let’s just not get stuck on sales from the past while ignoring current listings that are sitting.

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Appraisal Architecture Contracts Design 69

East Coast Appraisal

OCTOBER 18, 2021

Accurate home appraisals benefit both property buyers and sellers. On the other hand, sellers avoid underselling their homes. The sales comparison approach determines the house's value based on the prices of similar houses that others have recently sold in the area. The appraisal will consider the market value of the land.

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Property Appraisal Appraisal Architecture Construction 52

PennyMac

JULY 20, 2021

If you’re selling a property, you’ll also want to make sure your agent is in-the-know on the latest and most effective marketing tactics in the industry. How many are sellers? Understanding unique issues like the schools, historic district designations, development plans, and even traffic patterns is essential.

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Real Estate Agent Real Estate Agents Sellers 69

Birmingham Appraisal

OCTOBER 9, 2024

Low Interest Rates May Not Be The Reason Your Listing Isn’t Selling With recent dips in interest rates, many sellers and their agents might expect it to be easier to sell a home, but that’s not always the case. Agents should always double-check this crucial metric to ensure the property’s price per square foot aligns with the market.

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Buyers Appraisal Agents Sellers 69

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

Appraisal 77

Appraisal Construction Contracts Architecture 77

McKissock

AUGUST 19, 2020

“It’s so important for sellers to understand that there are only three things in real estate you can control, and those things are marketing, property condition and price,” said Travis Gray, Associate Broker of Coldwell Banker Residential Brokerage in Annapolis, Maryland. Advice for breaking up with difficult real estate clients.

Real Estate 52

Real Estate Clients Client Relationships Real Estate Agent 52

The Robert Weiler Company

OCTOBER 21, 2022

Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. Question 3: What is a commercial appraisal used for?

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Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

JULY 31, 2024

Relocation appraisals play a vital role in the relocation industry by determining a property’s fair market value. Appraisers can guess the sales price pretty accurately by looking at how much similar properties are selling for and what the current market looks like. That’s where relocation appraisals come in.

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Appraisal Market Value Appraisal Process Valuation 36

Listing Spark

JANUARY 5, 2025

Selling a house as-is in Texas means the buyer agrees to buy the home in its current condition, and the seller opts to sell as is without making any repairs. Prepping a home to hit the market can cost a lot of time, energy, and money. The idea of an as-is sale can appeal to sellers for a lot of reasons.

Inspection 36

Inspection Sellers Real Estate Agent Contracts 36

Appraisal Today

JANUARY 20, 2023

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. Record Share Of Sellers Give Concessions To Buyers Excerpts: ‘Buyers are asking sellers for things that were unheard of during the past few years.’

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Appraisal Contracts Sellers Business 52

McCarthy Appraisal Blog

NOVEMBER 13, 2018

To come up with the market value of your home, the appraiser will measure the exterior walls to determine square footage of the heated and cooled portions of your home. Comparable means they are similar in age, size, design, construction quality, and amenities. What is important to note is that price and value are not the same.

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Appraisal Real Estate Market Value Design 36

Lamacchia Realty

MAY 6, 2024

Plus, that can significantly help to declutter by providing a designated space to store seasonal items, sports equipment, or seldom-used possessions, freeing up valuable living space and reducing household clutter. In addition, the influence of local community features on property values can’t be overstated.

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Logistics Realty Transportation Property Taxes 73