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

Birmingham Appraisal

MAY 21, 2024

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Evaluating home value is essential in this regard. Key Factors For Buyers to Consider 1.

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Home Value Architecture Renovations Real Estate 75

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 74

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. 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.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Combining the strengths of AI with the expertise and insights of real estate professionals could provide the best results in accurately assessing the market value of homes.” Sell homes — listing chatbot Great First Impression.

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Real Estate Agent Real Estate Agents Tools 370

National Association of Realtors

AUGUST 1, 2023

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

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Home Value Market Value Appraisal Sellers 69

Realtor

AUGUST 7, 2019

“The collateral for the loan is the home, so lenders require an independent appraiser to inspect it and advise on its value,” explains Michael Drake , president of PMG Home Loans. And they may not accept an appraisal that the seller did at the time of listing.”. Appraisal value isn’t always the same as market value.

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Sellers Appraisal Market Value Real Estate Agent 78

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. Let’s explore how appraisals work!

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Appraisal Appraisal Process Buyers Legal 158

Hank Miller Team

JANUARY 25, 2022

Purchase Price The purchase price is the amount the buyer agrees to pay the seller; this tends to support the “it’s worth what a buyer will pay” idea. Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price.

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Home Value Market Value Buyers Inventory 52

Birmingham Appraisal

JANUARY 29, 2025

An appraiser might uncover that a home sold for less due to deferred maintenance or for more because of seller concessions. By confirming these details, appraisers ensure their valuation reflects true market conditions and gives clients the reliable information they need to make confident decisions.

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Appraisal Appraisal Process Valuation Buyers 63

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Here's what you need to know about home appraisals so that you come prepared. What is a Home Appraisal? A home appraisal determines the fair market value of a home.

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Appraisal Process Appraisal Construction Sellers 139

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

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

Town & Country Residential Appraisals

JANUARY 27, 2020

This house just had a total facelift: Loosely translated, it means the seller painted everything. This house will go fast: Might have been believable in the first 30 days on the market, but not anymore. But to the original claim that fluffing decreases home values, lets explore how. Retro decor: It’s ’60s flashback time.

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Home Value Decorating Investors Real Estate Agent 36

Realtor

FEBRUARY 18, 2025

While drive-by appraisals provide a quick and cost-effective way to estimate a homes value, they are not designed to replace traditional appraisals entirely. Instead, they are best suited for low-risk situations like refinancing or home equity loans. What is a drive-by appraisal?

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Appraisal Real Estate Agent Valuation Inspection 101

Listing Spark

JANUARY 5, 2025

Selling a house as-is in Texas means the buyer agrees to buy the home in its current condition, and the seller opts to sell as is without making any repairs. An as-is home will have no repairs or improvements made to it before closing. Prepping a home to hit the market can cost a lot of time, energy, and money.

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Appraisal Partners Blog

FEBRUARY 9, 2025

This comprehensive guide will break down everything you need to know about home appraisals, ensuring you’re well-informed and prepared. What is a Home Appraisal? A home appraisal is an unbiased, professional opinion of a property’s fair market value. An analysis of the market data and comparable sales.

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Appraisal Property Taxes Inspection Sellers 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. How appraisals affect the sale. Appeal the appraisal.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. How appraisals affect the sale. Appeal the appraisal.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Chicagoland Appraisal Blog

MAY 13, 2021

Real estate professionals or other appraisal experts can help you determine the market value of your home. This is helpful whether you intend to stay in your home or wish to sell it. Here, we’ll explore everything you need to know about home appraisals and how to maximize the value of your house. .

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Appraisal Renovations Home Value Real Estate 88

Cornerstone

APRIL 30, 2021

It’s an ideal time for sellers to take advantage. NAR’s recent Existing Home Sales report showed that pre-spring home sales were up 23.7 Sellers who may have been reluctant to list in the past few years are now considering it. But with rates still around record lows, homebuyer demand is even greater.

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Sellers Buyers Inventory Loan Officers 68

Realtor

MARCH 7, 2023

Additional requirements for direct loans from the USDA Very low-income homebuyers might qualify for a direct loan from the USDA, but applicants should know that these homes must meet extra requirements in addition to those listed above. These loans have no home value limits at all, although they do have income limits.

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Lamacchia Realty

MARCH 28, 2023

We are starting to see more sellers list their homes, which increases the supply and provides more options for buyers, resulting in less competition in the market. Sellers should list their homes as soon as possible to get the most for their home! CONNECTICUT Home Sales Down 25.3% Sales are down 25.3%

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Sellers Buyers Inventory Real Estate 71

Empire Appraisal Group

AUGUST 8, 2024

If it’s priced near market value or even underpriced, competition can create multiple offers and the final sale price will reflect what the market can actually bear. Or think there is something wrong with the home and make no offer at all.

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Real Estate Sellers Buyers Market Value 78

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate?

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Real Estate Agent Real Estate Sellers Realtors 74

Birmingham Appraisal

MARCH 26, 2025

List a home too high, and it sits on the market, developing a stigma that can lead to lowball offers. List it too low, and the seller may leave money on the table. Similar school districts, especially in areas where schools significantly impact home values. Was there an off-market deal or seller concessions?

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Agents Appraisal Reconsideration of Value Real Estate Agent 58

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 85

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. Let’s explore how appraisals work!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. Let’s explore how appraisals work!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Zillow

JULY 15, 2019

Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. Equity : A percentage of the home's value owned by the homeowner.

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Real Estate Agent Inspection Insurance Sellers 56

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

PennyMac

OCTOBER 10, 2023

A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. The lender is responsible for ensuring that your home provides adequate collateral for the mortgage. An appraiser will also evaluate your home's foundation and its condition.

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Appraisal Real Estate Agent Renovations Home Value 69

Realtor

DECEMBER 11, 2017

“There are tax consequences if you’re selling a house to a family member at less than fair market value ,” she says. In other words, if you sell your home to a family member for less than the fair market value, it’s a gift.

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Real Estate Real Estate Agent Legal Agents 78

Realtor

DECEMBER 11, 2017

“There are tax consequences if you’re selling a house to a family member at less than fair market value ,” she says. In other words, if you sell your home to a family member for less than the fair market value, it’s a gift.

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Real Estate Real Estate Agent Legal Agents 78

Listing Spark

JANUARY 16, 2025

The most common mistake we see with home sellers is not pricing their homes correctly. This mistake can cause one of two catastrophic outcomes: 1) Pricing your home too low and leaving money on the table OR 2) Pricing your home too high and watching it sit on the market with no real interest.

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Real Estate Renovations Real Estate Agent Market Value 36

Round Rock Appraisal

MARCH 28, 2015

An appraisal of property serves the benefit of both the seller and the buyer. Purchasing a home is the largest investment most people will ever make in their lifetime. The actual layout of a home can play a pretty important part of market value. Home values are affected by these situations.

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Buyers Appraisal Renovations Property Taxes 36

Birmingham Appraisal

SEPTEMBER 17, 2024

Location factors can significantly impact market value due to various economic, social, and environmental variables. As an agent, you will need to recognize and factor in these variables when pricing a home because they play an enormous role in determining how quickly and at what price a property will sell when listed.

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Agents Real Estate Agent Real Estate Appraisal 62