Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

Development 69

Development Sellers Legal Home Value 69

Housing Wire

MAY 26, 2023

The threat posed by wire fraud has commanded quite a bit of attention from the real estate ecosystem. But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. 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

DataMaster

JUNE 15, 2023

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. There are plenty of financing options made with rental property investors in mind. If only it was that simple.

Appraisal 148

Appraisal Tenants Investors Business 148

Simonson Real Estate

DECEMBER 6, 2022

Clarify What Value or Values are Needed. Market Value As Is – The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date. Prospective Market Value As Completed and As Stabilized.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

McKissock

AUGUST 13, 2021

And although it shouldn’t, it may unintentionally influence the appraiser’s comparable selection and eventually impact a direction in value. Maybe looking at the sales contract only after developing the appraiser’s opinion of value would help avoid the above concern? When contract prices and value often differ.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Boston Appraisal

JUNE 24, 2019

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

Appraisal 78

Appraisal Market Value Real Estate Technology 78

Empire Appraisal Group

AUGUST 12, 2021

Appraisers use three approaches to develop an opinion of the value of a home: The sales comparison approach looks at the subject property against similar, nearby recently sold properties. 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

DataMaster

JUNE 15, 2023

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. There are plenty of financing options made with rental property investors in mind. If only it was that simple.

Appraisal 78

Appraisal Tenants Investors Business 78

McKissock

SEPTEMBER 24, 2021

Every 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 of real property. Are you investing in yourself and your career?

Appraisal 52

Appraisal Real Estate Development Market Value 52

Walitt Solutions

MAY 24, 2024

My market value conclusion came in below the purchase contract price. Now, a few weeks later, the parties have signed an addendum to the contract to match my value conclusion; the client has sent me that addendum. So, the contract price changing does not require the appraiser to consider this situation a new assignment.

Contracts 74

Contracts Appraisal Clients Market Value 74

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. 31, 2024.

Appraisal 74

Appraisal Reconsideration of Value Insurance Market Value 74

Empire Appraisal Group

JULY 1, 2021

It’s also the appraiser’s job to develop an opinion on a home’s fair market value, and just because the buyer and seller have agreed on a price doesn’t mean that’s the true value of the property, said Francois Gregoire, broker, appraiser, instructor, and president of Gregoire & Gregoire Inc.,

Agents 78

Agents Appraisal Real Estate Realtors 78

Appraisal Today

SEPTEMBER 20, 2024

Value is defined in the Uniform Standards of Professional Appraisal Practice (USPAP) as: “The monetary relationship between properties and those who buy, sell, or use those properties, expressed as an opinion of the worth of a property at a given time. Unlike value, price is not an opinion. What is Sale Price?

Appraisal 82

Appraisal Business Contracts Real Estate 82

Property Metrics

MAY 28, 2021

The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of. Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. Functional Obsolescence.

Real Estate 50

Real Estate Tenants Modernization Renovations 50

Appraisal Today

APRIL 2, 2023

Technical specifications – for all stakeholders, but especially for organizations that will develop the new appraisal report (e.g., lenders and appraisers) to begin understanding the future state and start their development process. URAR examples for various property types. appraisal software vendors), consume report data (e.g.,

Contracts 52

Contracts Appraisal HOA Architecture 52

Valuation Nation

AUGUST 2, 2021

As the author of these blogs is an appraiser, and this deals with the largest real property valuation organization in the country, I thought it may be apropos to style this blog after an appraisal review. Introduction: The purpose of the appraisal review is to develop an opinion of quality for the referenced appraisal report (blog).

Appraisal 40

Appraisal Design Development Legal 40

Appraisal Today

SEPTEMBER 9, 2022

Excerpts: 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. For example, you don’t want your appraisal for the executor being used by a beneficiary down the road to sell the property to someone.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

NOVEMBER 29, 2024

This also opens the door for pushback on related changes, such as the expansion of the Nondiscrimination rule of the Uniform Standards of Professional Appraisal Practice, or the addition of valuation bias education to the Real Property, to the extent that either of these would include content that goes beyond what exists in statute already.

Appraisal 85

Appraisal Business Contracts Real Estate 85