Housing Wire

MAY 3, 2022

Plus, Point gets a cut — up to a preset cap — of the home’s future appreciation after making a 15% to 20% downward adjustment to the home’s market value at the time the HEI contract is signed to account for its risk. Point also shares some of the downside risk with the homeowner in the event the home price drops.

Contracts 459

Contracts Investors Investing Market Value 459

Housing Wire

NOVEMBER 29, 2023

In the event of an emergency or natural disaster, heirs may not receive financial assistance for damages to the property without proper proof of ownership. In some states, heirs’ property holders are ineligible for homestead tax credits, even if they occupy the property and pay property taxes , leading to the overpayment of taxes.

Legal 459

Legal Law Property Taxes Government 459

Housing Wire

JULY 21, 2022

This data shows early signs of a slowdown in the retail housing market in June that was anticipated by real estate investors buying properties at foreclosure auction in March. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

Housing Market 435

Housing Market Buyers Marketing Retail 435

Housing Wire

JUNE 7, 2024

Market data about the area, an invitation to an upcoming open house, or info about a coming soon listing nearby are all great items of value. Don’t forget to include your contact information and a call to action such as: “Call/text me to learn about your home’s current market value.” Who’s it for? Another benefit?

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Appraisal Buzz

DECEMBER 9, 2024

Understanding these nuances is crucial for ensuring that time adjustments accurately reflect changing market conditions. To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%. A step plot can also aid in understanding market timing and buyer behavior.

Appraisal 358

Appraisal Marketing Valuation Tools 358

Appraisal Buzz

OCTOBER 3, 2022

The second thing, and most everyone who is tracking this data already knows this, is that this data and the indexes that spring from them are all lagging indicators of the health of a given market. In a market that moves as quickly as ours is, often that can be too old. The data we see is typically a few months old.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

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! And the saga continues.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Miller Samuel

MARCH 19, 2019

If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry. Hit a declining market with more than 6 years of excess supply with a new high tax out of the blue and watch what happens.

Real Estate 370

Real Estate Law Development Investors 370

Housing Wire

MAY 26, 2023

The property is then listed, typically below market value to generate interest in the listing. Knowing scammers are constantly changing tactics, ALTA members frequently share their latest experiences defending against fraud with other real estate professionals via meetings, communication portals and educational events,” Blosser wrote.

Sellers 397

Sellers Real Estate Realtors Real Estate Agent 397

Simonson Real Estate

JUNE 10, 2020

This means their work is done and they can rest easy while feeling confident that the appraisal report supports the market value conclusion. For the appraisal department review staff, it means additional work with extended review time, back and forth communication, and lower overall comfort level with the value.

Real Estate 148

Real Estate Appraisal Clients Valuation 148

DW Slater Company

JUNE 6, 2022

Stigmatized properties have been psychologically impacted by events that can impact their value. How much does a murder impact the value of a property? percent less than market value, and sat on the market for approximately 47 percent longer than average houses. What about the Gore house? Was it stigmatized?

Real Estate 171

Real Estate Appraisal Market Value Marketing 171

Housing Wire

NOVEMBER 5, 2023

That is something we all should be doing in an effort to show value to clients and potential clients. There are tons of less involved ways to show value as well. Let them know about upcoming events, share a recipe, or offer tips to prepare for the seasons. Anything that provides them value. It’s a great time to sell.

Real Estate 221

Real Estate Tools Real Estate Agent Agents 221

Cleveland Appraisal Blog

APRIL 23, 2021

In the event of a long-term care decision, often elderly or disabled loved ones need to sell their home to afford placement. In the event of incapacitation, family members are sometimes left to make these difficult choices without the senior being able to communicate preferences. Is Market Value Itself Biased?

Appraisal 195

Appraisal Real Estate Logistics Law 195

D Fritz Appraisals

SEPTEMBER 13, 2021

Inheriting property can be an emotional event. You will be taxed on the “ Fair Market Value ”, at the time of inheritance to the time you decide to sell. In other words, you will owe on the difference of the inherited value and the fair market value when you started to rent out the property.

Market Value 118

Market Value Insurance Real Estate Valuation 118

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

Boston Appraisal

MARCH 18, 2024

Appraisers assess the fair market value of inherited properties, taking into account factors like location, condition, and market trends. Insurance Claims : After events like natural disasters or unforeseen damages, appraisers assess the extent of the loss and the cost of restoration or compensation.

Legal 148

Legal Real Estate Appraisal Valuation 148

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

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. When contract prices and value often differ. I’ve also paid far less than a property’s market value because a seller was vulnerable or desperate to sell.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Boston Appraisal

APRIL 22, 2019

As a result, most state courts require a recent appraisal as part of the divorce property settlement to establish the value of the property. Even in the rare event that the spouses agree on the value of the family home, a judge will most likely demand a licensed real estate appraiser to determine its fair market value.

Appraisal 78

Appraisal Market Value Real Estate Inspection 78

McKissock

MARCH 3, 2023

In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.

Valuation 82

Valuation Appraisal Marketing Housing Market 82

DataMaster

JUNE 15, 2023

An STR represents a “going concern value” which is most similar to the market value of a business operation which includes the assets of the business. Appraising the going concern value is typically outside the scope of most residential appraisers. The STR is a business that competes with hotels and motels.

Appraisal 148

Appraisal Tenants Investors Business 148

Zillow

SEPTEMBER 12, 2019

By October, you are likely to find desperate sellers and prices below a home’s market value. As the holidays approach, sellers are eager to close so they can move on to planning their parties and events. This could result in price reductions throughout the spring and summer months. Fewer buyers are competing.

Sellers 67

Sellers Open Houses Buyers Inspection 67

Clear Capital

NOVEMBER 18, 2021

ClearAVM is an industry-leading, lending-grade AVM that provides reliable and accurate market value predictions. It uses machine learning to deliver values for 139+ million addresses across the U.S. As of today, all Clear Capital ClearAVM reports are bigger and better than ever before!

Valuation 74

Valuation Lending Training Market Value 74

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 6, 2024

In addition, the influence of local community features on property values can’t be overstated. Living near popular attractions can raise your home’s market value , making it a profitable asset if you decide to sell. Volunteer for local events. Short-term rental laws can be strict, and staying compliant avoids hefty fines.

Logistics 72

Logistics Realty Transportation Property Taxes 72

Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability.

Appraisal 91

Appraisal Training Contracts Mortgage 91

Boston Appraisal

OCTOBER 27, 2023

Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date. In other divorce cases, the effective date of the appraisal may be a retrospective date, which reflects the value of the property as of a past date.

Appraisal 78

Appraisal Property Appraisal Inspection Legal 78

East Coast Appraisal

JANUARY 10, 2023

A professional real estate appraiser can accurately assess and estimate the market value of your property, which is essential for an effective estate plan. A real estate appraisal is a process by which an appraiser determines the approximate market value of a property. What Is Real Estate Appraisal? Plan for Creditors.

Real Estate 52

Real Estate Appraisal Market Value Finance 52

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. Consult a tax adviser to go over your options for determining fair market value.

Landlords 55

Landlords Decorating Market Value Mortgage 55

McKissock

SEPTEMBER 10, 2020

Sometimes, particularly in the context of litigation, a potential client or the WUR appraiser will assume market value and value-in-use are the same. Value in use requires considering the business as a going concern. A value-in-use does not represent what the real property may exchange for on the open market.

Appraisal 54

Appraisal Valuation Real Estate Design 54

McKissock

MARCH 3, 2023

In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.

Valuation 52

Valuation Appraisal Marketing Housing Market 52

McKissock

MARCH 3, 2023

In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.

Valuation 52

Valuation Appraisal Marketing Real Estate 52

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Communicating Appraisal Results: Agents should help their clients understand the appraisal report , including how the value was determined and any potential impacts on the transaction.

Real Estate Agent 85

Real Estate Agent Real Estate Agents Appraisal 85

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

Housing Wire

JANUARY 19, 2025

Rebuilding for resilience is more expensive Those who do stay and rebuild may want to take measures to lower the risk of losing their home in the event of another wildfire, but that comes at a premium. And landlords are already smelling an opportunity to raise list prices, despite laws designed to prevent that.

Property Taxes 397

Property Taxes Insurance Valuation Transportation 397

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? It is a fact.

Appraisal 82

Appraisal Business Contracts Real Estate 82

DataMaster

JUNE 15, 2023

An STR represents a “going concern value” which is most similar to the market value of a business operation which includes the assets of the business. Appraising the going concern value is typically outside the scope of most residential appraisers. The STR is a business that competes with hotels and motels.

Appraisal 78

Appraisal Tenants Investors Business 78