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. Several conditions are implicit to market value as defined by the Federal Agencies.

Appraisal 99

Appraisal Marketing Market Value Development 99

Birmingham Appraisal

JUNE 11, 2024

By using the appraisal to price their home to the market, and factoring in the improvements, they were able to price it competitively and sell within a reasonable period of time. Accurate pricing involves more than adding the cost of improvements to the market value of your home. Cost does not always equal value.

Appraisal 88

Appraisal Property Taxes Valuation Real Estate 88

Housing Wire

JANUARY 19, 2025

The home insurance crisis has entered a new phase Climate change has forced home insurance companies to retreat from areas that are increasingly prone to natural disasters, and California is chief among them because of the risk of wildfires. This will force homeowners to either pay more monthly or go without insurance.

Property Taxes 397

Property Taxes Insurance Valuation Transportation 397

Simonson Real Estate

APRIL 27, 2020

The client should be clear that the appraisal is performed at a point in time and that the market value opinion is – as of a certain date – the effective date. Changes after the date may affect the value. Let’s be honest, this section of appraisal reports is often glazed over and has less relevance in a “normal” market.

Real Estate 78

Real Estate Appraisal Valuation Clients 78

Lamacchia Realty

MAY 19, 2023

To add insult to injury, insurance doesn’t cover it. People may often say that no price is too high ensure the safety of their families, but when the cost of repair is almost equal to the value of the entire home, this just isn’t feasible for many.

Sellers 69

Sellers Buyers Government Insurance 69

Lamacchia Realty

JUNE 22, 2023

Consider each of your financial goals, emotional attachment to the home, and the current state of the real estate market. In the event that a conversation with your ex-partner is not possible, you may want to enlist the help of a professional such as an attorney. Additionally, they will need to buy out the other spouse’s equity.

Real Estate Agent 74

Real Estate Agent Real Estate Agents Realtors 74

Quicken Loans

MAY 18, 2021

And then there’s mortgage protection insurance , which pays out in the event that the mortgage is not paid off at the time of death. This type of provision states that in the event of a transfer of ownership, the existing mortgage must be paid in full. Capital Gains Taxes. Step Up In Basis.

Landlords 55

Landlords Decorating Market Value Mortgage 55

AmeriMac

OCTOBER 15, 2024

The Basics of Appraisal Disputes Appraisal disputes happen when people disagree on the value of a property. Many different groups are involved, such as property owners, buyers, sellers, lenders, insurance companies, and tax authorities. This might lead to legal action to protect everyone’s interests.

Appraisal 36

Appraisal Legal Valuation Law 36

McKissock

FEBRUARY 21, 2021

And in the event that the property is sold, then a capital gains tax will likely become applicable. Despite this benefit, becoming a landlord is not without its responsibilities and expenses like the occasional property repairs and maintenance costs, ongoing property tax payments, property insurance payments, and more.

Real Estate Agent 56

Real Estate Agent Property Taxes Real Estate Legal 56

PennyMac

AUGUST 31, 2024

It protects both the buyer and lender's investment by independently assessing the property's value. The appraiser — a neutral third party — uses comparable property sales and key features of the house to determine its market value. They each have a distinct purpose and are typically scheduled during the escrow period.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36

Property Metrics

DECEMBER 10, 2021

Value : IRS rules state that the market value and equity of the replacement property must be the same as, or greater than, the value of the relinquished property. For example, a property with a market value of $1MM and a mortgage of $250M must be exchanged into a new property worth at least $1MM with a $250M mortgage.

Investors 36

Investors Market Value Investing Real Estate 36

Will Springer Realtor

OCTOBER 11, 2022

This includes an appraisal contingency to virtually guarantee the purchase is at market value. Beyond the international film event, the festival features live podcasts, meetups, parties and an art gallery. The event takes place at Town Hall Seattle, 1119 8 th Avenue in First Hill. Events are subject to change.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Appraisal Today

JANUARY 3, 2025

To read more and see the graphs and many links to more info, Click Here To see the Zillow listing, Click Here My comments: Guess they can get reasonably priced insurance I wonder how difficult it would be to raise a dome home 8 ft. Find out directly from the Fannie speaker about the new GSE requirements for market conditions changes.

Construction 86

Construction Appraisal Contracts Mortgage 86

Housing Wire

NOVEMBER 9, 2021

First American , the nation’s second-largest title insurance company, has not been shy about its desire to be at the forefront of the title insurance industry’s technology revolution. Exclusive access to the HW+ Slack community and virtual events. Start an HW+ Membership now for less than $1 a day. Become a member today.

Investing 370

Investing Insurance Market Value Real Estate 370

Housing Wire

NOVEMBER 21, 2024

After years of stops and starts, housing trade groups are urging Congress to pass a long-term extension to the National Flood Insurance Program. Image generated by AI in Midjourney) It is unsurprising that the National Flood Insurance Program (NFIP) is yet again up for renewal in a little over a month’s time.

Insurance 370

Insurance Housing Market Buyers Government 370

Housing Wire

OCTOBER 17, 2024

Much of the concern stems from the potential for an additional event that could require Ginnie Mae to assume control of another reverse mortgage lender’s portfolio. Its assumption of a portfolio formerly belonging to a leading lender that went bankrupt has caused significant strain on Ginnie Mae’s resources.

Valuation 458

Valuation Design Finance Development 458

Appraisal Today

OCTOBER 25, 2024

OPTION #3: Contact your E and O insurer for advice and guidance To read the full article, with an excellent “real life” case study, more liability topics, plus 2+ years of previous issues, subscribe to the paid Appraisal Today.

Appraisal 79

Appraisal Contracts Real Estate Mortgage 79

Property Metrics

MARCH 13, 2025

Expense Projections : Operating costs like property taxes, insurance, utilities, maintenance, and management fees are then subtracted to derive Net Operating Income (NOI). For example, property taxes might rise after a sale, or insurance premiums could spike in areas prone to natural disasters.

Real Estate 36

Real Estate Investing Tenants Investors 36

Will Springer Realtor

MARCH 11, 2024

The soaring prices of insurance and energy have dealt a two-pronged blow to homeowners’ wallets, with no relief in sight. Nationwide, home insurance premiums have surged by an average of 21% year-on-year, as of May 2023, equating to an annual increase of $244 per household. in Q3 to 53.5% in Q3 to 37.3%).

Insurance 36

Insurance Sellers Real Estate Buyers 36

Housing Wire

FEBRUARY 5, 2025

While both nations share climate vulnerabilities, distinct regional risks pose challenges for property values and mortgage lending. Property values: Impact and implications U.S. property values are increasingly affected by severe climate events. following major wildfire events.

Valuation 390

Valuation Insurance Real Estate Lending 390

Appraisal Today

FEBRUARY 7, 2025

I have not seen discussions on the future of home values in risky areas. My insurance company, State Farm, is requesting a 22% increase in homeowners insurance. Insurers have been not renewing individual homes for various reasons. Braun, MAI, SRA The Contract Price as Market Value Really?

Home Value 53

Home Value Appraisal Contracts Mortgage 53