Housing Wire

AUGUST 3, 2023

The history of AI and where it is going The Turing Test was developed by Alan Turing in 1950. A functioning neural network was viewed as the pathway to develop AI capable of learning anything a human could, and perhaps becoming more intelligent than humans. It re-emerged in the AI scene in October 2012. What is next?

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Cleveland Appraisal Blog

OCTOBER 14, 2021

Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value. To “think outside of the box” when valuing a property. I kid you not! Housing Bubble-Icious.

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Inventory Market Value Appraisal Contracts 243

Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

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Home Value Valuation Mortgage Real Estate 69

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Real Estate Appraisal Marketing Market Value 91

Appraiserblogs

FEBRUARY 28, 2023

Related Posts: The Real Cause of the Home Value Gap Is the Income Gap Blaming appraisers for the income gap will never solve the real underlying problem. He submitted a pseudoscientific article to a cultural studies journal called Social Text. By design, his paper was strewn with nonsense.

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D Fritz Appraisals

DECEMBER 16, 2022

an increase in property value doesn’t always mean an increase in taxes), if you’ve seen a larger-than-average increase (based on the average change in home values within your community), your bill could be affected. Size of home in square feet. Real estate transactions. Number of rooms.

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Property Taxes Valuation Appraisal Real Estate 116

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. Here's what you need to know about home appraisals so that you come prepared. What is a Home Appraisal? A home appraisal determines the fair market value of a home.

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Birmingham Appraisal

SEPTEMBER 17, 2024

Location factors can significantly impact market value due to various economic, social, and environmental variables. As an agent, you will need to recognize and factor in these variables when pricing a home because they play an enormous role in determining how quickly and at what price a property will sell when listed.

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Agents Real Estate Agent Real Estate Appraisal 62

Birmingham Appraisal

MARCH 26, 2025

Pricing a listing correctly is one of the most critical skills a real estate agent can develop. List a home too high, and it sits on the market, developing a stigma that can lead to lowball offers. Similar school districts, especially in areas where schools significantly impact home values.

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Agents Appraisal Reconsideration of Value Real Estate Agent 58

D Fritz Appraisals

OCTOBER 11, 2022

Read on for more information about how a home appraiser determines the value of your property. What is a Home Appraisal and Why is it Important? A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Undeclared repairs.

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Appraisal Inspection Property Taxes Easement 110

McKissock

MARCH 22, 2022

Here are five tips for appraising green homes that you can use as guidance. Consider each home on a case-by-case basis. You must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property.

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Appraisal Design Appraisal Process Market Value 90

PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

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Appraisal Real Estate Agent Renovations Home Value 69

Clear Capital

FEBRUARY 23, 2024

Inclusionary Housing : Typically administered by housing authorities or municipalities, inclusionary housing policies require for-profit developers to create a percentage of units sold below market value. for any fair market value analysis. These shared equity properties can transact as low as 50% of market value.

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Valuation Market Value Contracts Appraisal 36

Zillow

OCTOBER 25, 2018

If you move here, we will pay down your student debt," explains Christy Hopkins, community development director for Kansas' least populated county, Greeley (in which Tribune sits). Median home value: $79,000. Dream of building your own home from the ground up? Median home value: $75,300. Population: 891.

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AmeriMac

JANUARY 30, 2024

Moreover, the reverse mortgage appraisal report, reflecting the current home value, significantly aids in the loan application process. The homeowner’s current location also impacts eligibility, as the estimated home value for the reverse mortgage is calculated based on the location.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Zillow

JULY 15, 2019

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

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Housing Wire

JULY 21, 2021

The tax credit’s goals include attracting “private investment in the development of affordable homes,” and bolstering “homeownership rates for low- and moderate-income homebuyers in underserved communities,” according to a White House fact sheet. Achieving Better Neighborhood Outcomes.

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Town & Country Residential Appraisals

JANUARY 20, 2020

To determine land value, we multiply this factor with the value to determine the land value. While this may be the case in some, very uniform developments in which both the lot sizes and improvements match closely, anywhere else, this becomes increasingly useless. Why does this matter? 21.36) $15,376.79.

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Tools Construction Appraisal Home Value 36

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?

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Market Value Appraisal Contracts Buyers 299

Listing Spark

MARCH 15, 2022

Potential buyers may think that you don’t take care of your property and this could lower the value of your home. The Appraisal Institute has warned that bad neighbors can lower home values by as much as 10%. Finally, it’s important to keep all of the systems in your home up-to-date. Source: CoreLogic.

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Assurance Financial

NOVEMBER 9, 2021

Development limits: Sometimes, local governments will implement development limits that restrict how many new houses can be built in an area, resulting in a lower housing supply. However, due to the local government’s development laws, the supply remained low. Tips for Buying in a Seller’s Market.

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Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. It was shared by four nearby homes. We have never seen a pandemic real estate market before. Did anyone think in early 2020 that home values all over the country would go off the charts? Nearby, I noticed a large water tank. This was not in a rural area.

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Appraisal Contracts Real Estate Mortgage 52

PennyMac

JUNE 28, 2022

If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). Often, the seller will pay this fee, but it can depend on how competitive the housing market is or what the specific HOA contract dictates. Homeowner Association Fee. Lead-Based Paint Inspection.

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Property Taxes Insurance Sellers Inspection 36

Assurance Financial

APRIL 29, 2021

Department of Housing and Urban Development (HUD). Since the agency was created in 1934, it has provided insurance protection for more than 46 million home loans. FICO stands for Fair Isaac Corporation, an analytics company that developed the formula used to calculate FICO scores. FMV (Fair Market Value).

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Mortgage HOA Insurance Real Estate Agent 74

D Fritz Appraisals

MARCH 13, 2025

we provide professional, accurate, and unbiased home appraisals in Victoria, BC , and surrounding areas. Whether youre buying, selling, refinancing, or investing in real estate, a professional appraisal ensures you clearly understand your propertys market value. Fritz Appraisals Inc., Why Should I Get an Appraisal?

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Appraisal Today

OCTOBER 25, 2024

Once you’ve accepted the assignment, what are some things to focus on when developing the appraisal? While you’re developing the appraisal, how do you find the best comparable sales information to include to ensure it’s highly defensible? You want to make sure you are able to define the problem and create an appropriate scope of work.

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Housing Wire

FEBRUARY 5, 2025

Property values: Impact and implications U.S. property values are increasingly affected by severe climate events. Common flood areas mostly in coastal states like Florida or Texas face rising insurance costs and declining market values. Actuarial firm Milliman later estimated those properties at $520 billion.

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Appraisal Today

FEBRUARY 7, 2025

Newz: Waivers Increasing, The New URAR: Markets vs. Neighborhoods, Climate Change and Home Values February 7, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA AD: Should I consider this an actual claim? I have not seen discussions on the future of home values in risky areas. Contract Price = Market Value?

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Home Value Appraisal Contracts Mortgage 53