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. Housing Bubble-Icious.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. There are three basic causes of depreciation for homes. Obsolescence can cause a loss in home value. This is from a home I recently appraised.

Market Value 244

Market Value Appraisal Marketing Buyers 244

Housing Wire

MAY 25, 2021

An automated valuation model (AVM) provides an estimate of market value for a subject property at a specific point in time. To determine a value for the subject property, the most common AVM method is the use the prices of comparable properties that were recently sold. Greater Similarity…Stronger Connection.

Valuation 197

Valuation Training Home Value Market Value 197

DW Slater Company

FEBRUARY 23, 2023

So what’s happening in the housing markets here? The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. Closely studying our markets is very crucial in understanding current market value for appraisers.

Inventory 133

Inventory Marketing Supply Chain Appraisal 133

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.

Real Estate 89

Real Estate Appraisal Marketing Market Value 89

Realtor

DECEMBER 15, 2016

“We’re looking for homes sold within the last six months that are equivalent in the numbers of rooms, square footage, upgrades, and location to the home that’s being purchased,” he explains. Real estate appraisers are merely there to give an unbiased opinion about the home value. How appraisals affect the sale.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

“We’re looking for homes sold within the last six months that are equivalent in the numbers of rooms, square footage, upgrades, and location to the home that’s being purchased,” he explains. Real estate appraisers are merely there to give an unbiased opinion about the home value. How appraisals affect the sale.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

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.

Property Taxes 113

Property Taxes Valuation Appraisal Real Estate 113

Eppraisal

OCTOBER 31, 2023

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Cornerstone

APRIL 30, 2021

The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. Sellers who may have been reluctant to list in the past few years are now considering it.

Sellers 68

Sellers Buyers Inventory Loan Officers 68

Eppraisal

JUNE 18, 2024

Factors to Consider Before Renovating Consider the following to give you a better idea of how many upgrades you should make to your home:  ●      Current value: Get your home evaluated to determine its current market value.

Renovations 68

Renovations Real Estate Agent Investing Buyers 68

Lamacchia Realty

MARCH 28, 2023

February 2023 connecticut housing report February Highlights As we move further into the year, the Connecticut housing market is showing signs of improvement, although home sales in February are still significantly lower compared to last year. Anthony explains this in more detail in a recent video.

Sellers 50

Sellers Buyers Inventory Real Estate 50

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.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

Appraisal Today

JUNE 17, 2022

Did anyone think in early 2020 that home values all over the country would go off the charts? Watch the excellent 4-minute video with Mark Zandi , “There’s a comeuppance coming in the housing market” It discusses how today is different from 2008 and what is happening today. No one did. June 10, 2022.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

AUGUST 23, 2024

Investors purchased $43 billion worth of homes in the second quarter, up 13.7% Investor activity in the housing market is stabilizing following several years of dramatic ups and downs. from a year earlier—also the biggest gain in two years. Appraisers are required to adjust out atypical concessions in their valuations.

Appraisal 68

Appraisal Contracts Investors Property Appraisal 68

Assurance Financial

NOVEMBER 9, 2021

The real estate market has fluctuated significantly over the past few decades, with a median sales price difference of $195,900 in the last 20 years alone. With these constant housing market shifts, it can be challenging to determine the best time to buy or sell a house. What Is a Buyer’s Market?

Marketing 36

Marketing Sellers Real Estate Buyers 36

PennyMac

JUNE 28, 2022

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. Homeowners insurance covers a certain amount of damage to your home, and it’s required by most lenders. Lead can cause many health problems, and it can be dangerous to have in your home.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

Cornerstone

OCTOBER 26, 2021

This is precisely what we’re seeing in today’s real estate market. Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price.

Sellers 61

Sellers Buyers Appraisal Loan Officers 61

D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

Appraisal 107

Appraisal Inspection Property Taxes Easement 107

Housing Wire

NOVEMBER 21, 2024

“A business as usual approach to flood mitigation will cause the NFIP debt to increase further and culminate in a sudden housing market crash beginning sometime around 2060,” the report states. The report looks at properties located on the Northeast U.S. coast that were impacted by Hurricane Sandy in 2012.

Insurance 287

Insurance Housing Market Buyers Government 287