Housing Wire

AUGUST 13, 2024

Still, they seem particularly egregious when there is a low (or no) monetary offer because “just compensation” historically does not have to reflect the “fair market value.” This includes providing information about how decisions are made and on what basis. But why wait for collective, legislative reform?

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Appraisal Buzz

AUGUST 16, 2021

Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market. But what offer will the seller accept $400,000.

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Cleveland Appraisal Blog

APRIL 11, 2023

Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising.

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Appraisal Market Value Legal Property Appraisal 353

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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Housing Wire

MARCH 1, 2023

The marketing materials include rate, payment, and annual percentage rate (APR) information, and are tailored to the borrower’s unique loan type and amount, property location, down payment, and other details.

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Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised. The MLS reflects 2,094 sq.

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Housing Wire

JUNE 18, 2024

When you own local seller listings, you own your local market.” ” So far, more than 5,000 homes have been listed on Redy, with data showing that homes are being sold for an average of 12% more than market value, along with an average upfront cash bonus of $2,357.

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Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. Well-informed or well-advised. Also part of the definition: Reasonable market exposure time. Price is value, everyone understands!

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Housing Wire

MAY 20, 2021

The “science” is driven by hard data and analytics: previous home sales, combined with information about the property and location. The appraisal comes in $40,000 below market value, and, as a result, the home sells for a lower price. An AVM will use this sale record as part of the formula to estimate value.

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Housing Wire

NOVEMBER 5, 2024

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. 17 changes , many considered it best practice to contact an agent and verify this information. But appraisers say that even prior to the Aug.

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Appraisal Buzz

OCTOBER 21, 2024

Instructions on the form state the appraiser is to “…[p]rovide adequate information to the lender/client to replicate the [herein] cost figures and calculations.” However, where does the typical appraiser provide such replicable information? Nevertheless, where does the typical appraiser provide such summary information?

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Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Successful agents create effective and accurate CMA reports that help their clients make informed decisions. What data sources should I use in a comparative market analysis?

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Marketing Real Estate Agent Clients Tools 435

Housing Wire

MARCH 1, 2023

As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction,” Fannie Mae states in its release. The process encourages the use of emerging technologies to capture property information, imagery, and floor plans.”

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Appraisal Valuation Appraisal Process Technology 482

Housing Wire

OCTOBER 24, 2024

Instead, shifts that have changed the ways that consumers shop and obtain information, along with reforms introduced by the Dodd-Frank Act , have worked to make Section outdated. It also discusses a revision to CFPB’s policy on rental office spaces, tying referral fees to market values to discern whether there was any excess.

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Cleveland Appraisal Blog

SEPTEMBER 30, 2022

Just as moving from one page to another in a flip book does not give every detail, leaving our minds fill in the rest of the story, likewise, appraisal reports usually don’t give every detail of information about what the appraiser has analyzed. It should provide information on the trends for prices in that area. NEIGHBORHOOD.

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Appraisal Market Value Development Clients 341

Housing Wire

AUGUST 7, 2023

Chief sponsor Mia Bonta, a California assemblymember serving the 18th district that includes Alameda, announced the passage of the bill on social media, and presented information about the proposed measure to the Alameda city council in June. Newsom signed the bill into law on July 27.

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Housing Wire

MARCH 31, 2021

That share price would have given the company a roughly $10 billion market capitalization (a figure arrived at by multiplying the $23-$26 share price by the total number of publicly available and non-public shares, which is about 400 million). The price reduction docks Compass’s target market value to around $7 billion.

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Valuation Brokerage Market Value Business 418

Cleveland Appraisal Blog

AUGUST 20, 2021

That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. If someone wants to use this method for pricing a home, there is one piece of information that is incredibly important to get right. Information in public records is usually free.

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Appraisal Market Value Contracts Agents 418

Housing Wire

MAY 25, 2021

As an alternative, Clear Capital believes it would be more prudent to use a standalone property data collection process, then use that timely information about the property to determine if a desktop appraisal may be needed. And appraisal waivers would be informed, not blind. Delegating onsite data collection.

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Appraisal Buzz

DECEMBER 2, 2024

The graphic is a teaching tool that captures the trendlines of market value changes in this specific example, plotted over a 12-month period and calls out market change measurements between the comparable sales and the appraisal effective date. This has been independently verified with the source.

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Marketing Appraisal Development Market Value 352

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”.

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Appraisal Buzz

JULY 26, 2024

Tangled title can prevent homeowners from accessing essential resources for maintaining their homes or even force the sale of a property, possibly at below-market value, depending on the reason—a homeowner may have neglected to name a clear heir for the property or may have left it to multiple heirs in their estate.

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Housing Wire

MAY 3, 2022

The Palo Alto, California-based Point plans to use the funding to expand its product line as well as its market footprint — from an existing 16 states and the District of Columbia to 28 markets over the next year. million in venture capital through three previous funding rounds, according to business-information platform Crunchbase.

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Housing Wire

DECEMBER 5, 2023

This ensures their bundle retains its credit rating and market value. If too many mortgages default, the MBS can lose significant value. .” This means the entity that assembled and sold the MBS is obligated to buy back any non-performing or defective mortgage loans. This prevents falsities upfront.

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Technology Mortgage Investors Lending 458

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. ACCURATE DATA.

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Agents Appraisal Renovations Development 373

Miller Samuel

NOVEMBER 30, 2018

The seller and the buyer determined the market value by agreeing on the price." The problem with this logic is the buyer may not be fully informed (i.e., from an out of market area) and will also mortgage fraud supercharged. Ever heard of straw buyers?

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Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

JUNE 11, 2021

Home inspections provide valuable information that can make or break your decision to purchase a home, as well as help you plan for future improvements. Click here to learn more about how you can move into the home-buying process with everything you need to make the most informed choices. And then water leads to mold.”. NMLS #412915.

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Inspection Appraisal Appraisal Process Buyers 459

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. They are excellent at marketing. And to be honest, they do provide some useful information to the public.

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Valuation Market Value Appraisal Real Estate 364

Housing Wire

JULY 13, 2021

Given the complexity and loan-value sensitivity of accurately calculating MSR valuation, Black Knight’s suite of MSR solutions connects data directly from a user’s servicing system or pipeline data to MSR broker assumption sets. Having better information earlier in the process boosts financial performance and competitiveness,” Kessel said.

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Valuation Tools Technology Lending 459

Housing Wire

NOVEMBER 29, 2023

If a person passes away without an end-of-life document, a property often becomes heirs’ property, meaning that it is passed informally to the next generation without a proper title documenting ownership. According to a 2023 survey by Caring.com, only 34% of Americans have an estate plan.

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Legal Law Property Taxes Government 459

Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). This is important information for appraisers, though it may not appear so at first. Why inventory levels matter to appraisers. Of course not.

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Appraisal Marketing Real Estate Inventory 370

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

Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Modernization Real Estate Agent Appraisal Process Reconsideration of Value 83

Cleveland Appraisal Blog

AUGUST 6, 2021

HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. It’s one thing to pay more than market value for a home because of being in a bidding war. What about paying more than market value due to being in a bidding war? No one knows what the market will do tomorrow.

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Buyers Property Taxes Inspection Market Value 243

Housing Wire

AUGUST 3, 2023

It will instantly share new information with all connected AI systems, continually expanding its database and understand it in ways humans could not process. 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.”

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Real Estate Agent Real Estate Agents Tools 370

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. Usually, the information further supports my opinion of value, when I take a closer look. Does this seem healthy to you?

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Housing Market Marketing Reconsideration of Value Contracts 367

Cleveland Appraisal Blog

MAY 26, 2023

(Assuming they made adjustments) Did you consider any relevant market trends or economic factors when determining the property’s value? Can you provide any additional information or documentation to support your appraisal? There are three approaches to value that an appraiser will consider.

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