Inman

FEBRUARY 22, 2023

In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession.

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Market Value Marketing Real Estate Home Value 148

Housing Wire

AUGUST 1, 2024

of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. In addition, the number of homes with a mortgage balance of more than 25% of the property’s estimated market value — or “seriously underwater” — fell from 2.7%

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Market Value Home Value Housing Market Buyers 483

Housing Wire

SEPTEMBER 8, 2023

This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. Future ARV (after-remodeled value): The projected market value post-renovations.

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Real Estate Agent Tools Real Estate Agents 450

Lamacchia Realty

APRIL 17, 2024

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. Investing in hardwood represents a commitment to long-term appeal.

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Home Value Buyers Realtors Realty 72

Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Market Value Marketing Real Estate Agent Real Estate 74

JMV Lending

AUGUST 11, 2023

Rates shot up because of Fed comments about inflation concerns yesterday and because of a higher-than-expected Producer Price Index print […] The post How Much Power Do Appraisers Have Over Market Values? Holy Rate Volatility, Batman! appeared first on JVM Lending.

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Market Value Appraisal Marketing Lending 78

D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Home Value Appraisal Real Estate Agent Tools 78

Housing Wire

NOVEMBER 7, 2023

single-family home was $3,901, up 3% compared to 2021, ATTOM reported. ATTOM’s figures are estimates based on an analysis of local tax data, home values and the use of an automated valuation model. High tax burdens can play a major factor in whether buyers get priced out of a potential home purchase,” Barber said.

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Property Taxes Home Value Government Valuation 541

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation. 1] [link]. [2]

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Sellers Marketing Market Value Home Value 435

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

National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

Home Value 69

Home Value Market Value Appraisal Sellers 69

Housing Wire

JULY 8, 2024

That has complicated the issues around ownership of the home according to the child of those buyers, who said that interest accumulation on the loan has potentially outpaced its market value.

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Mortgage Design Architecture Market Value 423

Hank Miller Team

JANUARY 25, 2022

Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price. Market Value Market value anticipates the “a home should sell for” question. It is often a percentage of fair market value.

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Home Value Market Value Buyers Inventory 52

Eppraisal

JANUARY 12, 2024

By focusing on these priority projects in the coming months, you're not only ensuring the longevity of your property but also enhancing its market value. A well-maintained home speaks volumes to potential buyers and contributes to a thriving community.

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Home Value Inspection Modernization Buyers 36

Housing Wire

MARCH 9, 2021

In 2019, the typical homeowner in a primarily white neighborhood had $33,000 more home equity than the typical homeowner in a primarily Black neighborhood. “Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated.

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Home Value Market Value Brokerage Inventory 498

Town & Country Residential Appraisals

JANUARY 27, 2020

But to the original claim that fluffing decreases home values, lets explore how. Lets say we have a home that will need extensive renovation, and is beyond a “handy man’s” skills. What happens if we “Fluff” the property to a home with great “potential?” With binoculars. On an extremely clear day.

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Home Value Decorating Investors Real Estate Agent 36

Cleveland Appraisal Blog

AUGUST 6, 2021

It’s not lost on me that, to be competitive, a buyer may be asked to waive the home inspection. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. In many cases, if they want the home, they may have to do so. In many areas, property taxes can be expensive.

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Buyers Property Taxes Inspection Market Value 243

PennyMac

NOVEMBER 21, 2024

Home equity represents both what you've paid into your loan and any increase in your home's value. Home equity builds up over time, but thanks to your down payment, you’ll have some as soon as you close your home. Once you finish paying off your mortgage, your home equity will be 100%. How Does Equity Work?

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Renovations Home Value Market Value Mortgage 69

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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Lending Home Value Mortgage Renovations 461

Texas Home Appraisal Blog

JUNE 8, 2016

Understanding the way a price is set per square foot and how it works is seeing and understanding the market value of properties. The post Does Price Per Square Foot Give An Accurate Home Value? appeared first on Austin Home Appraisal Team. There are other factors that are taken into consideration.

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Home Value Market Value Real Estate Appraisal 36

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.

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Market Value Appraisal Marketing Buyers 244

Cleveland Appraisal Blog

MAY 26, 2023

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. That’s right!

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Appraisal Real Estate Agent Real Estate Agents 301

Eppraisal

AUGUST 13, 2024

Being "underwater" on your mortgage means that you owe more on your home than it's currently worth. This situation can arise due to a variety of factors, including a decline in home values, an economic downturn, or even personal financial challenges.

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Mortgage Real Estate Home Value Market Value 72

Housing Wire

NOVEMBER 23, 2021

Neighborhood Homes is a practical solution for communities in which the cost of renovating or building a home exceeds its market value after the work is complete. The percentage of homes in Rehabbed & Ready neighborhoods purchased with a mortgage grew an additional 5.6%

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Investing Renovations Construction Development 477

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

Buys Brokers Only LLC

JULY 7, 2021

When a homebuyer buys a home, the mortgage lender will want to know whether the house, condominium, or multi-family home is worth the amount of money the homebuyer has agreed to pay. The lender needs to evaluate the home to discover anything that might negatively or positively impact the home's fair market value.

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Appraisal Home Value Market Value Mortgage 65

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. Single Model Methodology Is the Single Best Approach.

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Valuation Training Home Value Market Value 208

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. From a lender’s perspective, it may be acceptable for appraisers to develop the fair market value of a shared equity property.

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Valuation Market Value Contracts Appraisal 36

Eppraisal

FEBRUARY 7, 2023

By contrast, a homebuilder acquires raw land to build on and sell when home values are high. How to Market Raw Land For those who see a profit in selling raw land to developers or other interested parties, getting the most money for the lot is attained through optimal marketing.

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Development Sellers Legal Home Value 69

JMV Lending

MARCH 16, 2022

“I knew a guy who sold his house for $100,000 under the market value because he felt like it…” said nobody. My point is that no seller is ever going to knowingly sell a property for under market value in this day and age – when listing information is made available to everyone via […].

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Appraisal Market Value Lending Sellers 78

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

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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Home Value Appraisal Design Government 118

DW Slater Company

FEBRUARY 23, 2023

Closely studying our markets is very crucial in understanding current market value for appraisers. Not every market is the same. The charts presented here are just overall trends for all single-family homes in each county. Each specific market is different. Until we have more inventory, prices will hold.

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Inventory Marketing Supply Chain Appraisal 130

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 89

Eppraisal

MARCH 5, 2024

Whether a complete kitchen remodel, a bathroom update or adding a fresh coat of paint, each project can breathe new life into your home. In addition to the joy and comfort these changes bring into your daily life, renovations can also significantly increase your home’s market value.

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Renovations Modernization Market Value Investing 36

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. Fortunately, you can take several steps to improve your home's appraisal. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller.

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Appraisal Renovations Home Value Inspection 52

Eppraisal

NOVEMBER 19, 2024

Homeowners can expect to see a return on investment through lower utility bills and increased home value. When considering upgrades, focus on major appliances like refrigerators, dishwashers, and washing machines, which offer substantial energy savings and can elevate your home’s market value.

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Investing Technology Renovations Modernization 36