Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value.

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Appraisal Process Appraisal Market Value Tenants 148

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

I complete this approach on nearly every appraisal, with the exception of condominiums, because it is a necessary approach when measuring the accrued depreciation of a property, which provides helpful information in the Sales Comparison Approach. The third approach to value is the Income Approach.

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Appraisal Development Valuation Market Value 342

Cleveland Appraisal Blog

DECEMBER 10, 2022

Your home’s value may drop if potential buyers are turned off by an unattractive or unwelcoming neighbor’s home, by the constant barking of nearby pets, or by the raucous noise of nearby parties. However, I have never found that an annoying neighbor really has any impact on market value. 3 Unappealing home exterior.

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Appraisal Buyers Renovations Investing 302

McKissock

APRIL 30, 2021

As a real estate appraiser, whether you’re considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different type of sale. Non-arm’s length sale. Arm’s length sale.

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Market Value Real Estate Appraisal Sellers 88

Birmingham Appraisal

MAY 28, 2024

I thought I would take some time in this week’s blog post to explain the process you can take to appeal your high real property tax assessment if you think they are too high. These assessments are based on various factors, including the property’s size, location, condition, and comparable sales in the area.

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Property Taxes Market Value Appraisal Real Property 82

Appraisal Partners Blog

JANUARY 31, 2024

In the ever-changing re­alm of real property, knowing the e­xact worth of your property plays a significant role. It helps you make informed decisions when you’re eithe­r on the buying or selling end. However, the appraisal of residential property involves several detailed steps and considerations.

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Appraisal Property Appraisal Market Value Real Estate 78

Simonson Real Estate

DECEMBER 6, 2022

On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. If something comes up that may impact delivery or information is missing, it is important for the lender and appraiser to inform the bank reviewer/credit analyst. Environmental Information.

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Appraisal Process Real Estate Appraisal Renovations 78

Walitt Solutions

MAY 24, 2024

My market value conclusion came in below the purchase contract price. Now, a few weeks later, the parties have signed an addendum to the contract to match my value conclusion; the client has sent me that addendum. See text addenda for more information. These are the minimum requirements that must be met.

Contracts 74

Contracts Appraisal Clients Market Value 74

McKissock

AUGUST 13, 2021

For a typical “as-is” Market Value assignment with a straightforward contract with no contingencies or conditions, there is probably nothing that an appraiser actually needs to see. If a property appraises for $200,000 for a refinance, then it is still a $200,000 property for a sale transaction.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Boston Appraisal

MAY 27, 2019

And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority. If the estate is going through probate, an accurate inventory of the decedent’s possessions—including any real estate properties—is required.

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Appraisal Real Estate Valuation Market Value 78

Boston Appraisal

JUNE 24, 2019

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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Appraisal Market Value Real Estate Technology 78

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

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Development Sellers Legal Home Value 69

Town & Country Residential Appraisals

MAY 8, 2023

For example, if the contract includes provisions for concessions, non-real property items included in the sale, or other unusual conditions, the appraiser may need to comment on these provisions in the appraisal report to explain why there is a difference between the indicated market value of the subject property and the contract price.

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Contracts Appraisal Real Estate Property Appraisal 54

Empire Appraisal Group

JULY 1, 2021

Interacting With an Appraiser at a Property. Michelle Bradley, a certified general appraiser, instructor, and founder of Bradley Consultants LLC, recommended that agents bring a packet of information about their listing for the appraiser. Don’t tell the appraiser your client needs a certain value, for example.

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Agents Appraisal Real Estate Realtors 78

McKissock

SEPTEMBER 10, 2020

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.

Appraisal 54

Appraisal Valuation Real Estate Design 54

Appraisal Today

AUGUST 9, 2024

Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property.

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Appraisal Reconsideration of Value Insurance Market Value 74

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?

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Appraisal Business Contracts Real Estate 82

McKissock

SEPTEMBER 24, 2021

Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Advisory Opinion 7 states that in the analysis of marketing time, the appraiser must also research and consider anticipated changes in market conditions.

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Appraisal Real Estate Development Market Value 52

Empire Appraisal Group

AUGUST 12, 2021

As noted earlier, space contributes to the appeal and marketability of a home. Be sure to be informed when talking to buyers and sellers about the spaces within a home. and 2021 vice chair of the National Association of REALTORS®’ Real Property Valuation Committee. Molitor-Gennrich. Walnut Creek, Calif.,

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Sellers Appraisal Development Construction 78

AmeriMac

SEPTEMBER 24, 2024

In real estate transactions, the appraisal process is critical. It helps determine a property’s market value. An appraisal is an expert’s view of how much a property is worth. The expert looks at factors like location, condition, and nearby property sales. When Do You Need a Rebuttal Appraisal?

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Appraisal Valuation Property Taxes Real Estate 36

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Loan officers are typically looking for an assessment of the condition of the house and a rough market value to put on the mortgage documents. Evaluate the appraiser’s experience.

Real Estate 36

Real Estate Appraisal Valuation Loan Officers 36

AmeriMac

SEPTEMBER 17, 2024

Alternate valuation products are new tools for determining the market value of residential properties. Unlike regular appraisal methods, which mainly consider recent sales data and the property’s features, these products use more data points and different analytical techniques.

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Valuation Real Estate Technology Tools 36

Appraisal Today

APRIL 2, 2023

It provides information about how industry partners can benefit from this initiative, timelines and roadmaps to keep you on track for building to or implementing the new UAD and redesigned Uniform Residential Appraisal Report (URAR), and additional resources to learn more along the way. .” Timeline 2023-2024.

Contracts 52

Contracts Appraisal HOA Architecture 52

Valuation Nation

AUGUST 2, 2021

As the author of these blogs is an appraiser, and this deals with the largest real property valuation organization in the country, I thought it may be apropos to style this blog after an appraisal review. All data in the report is indirectly obtained information. Date of Review Report: 08/02/2021.

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Appraisal Design Development Legal 40

Appraisal Today

SEPTEMBER 9, 2022

Identify ROV content to determine next steps – take the time to analyze the content of the ROV to determine what specifically is being requested of you (the appraiser) and what level of information will be needed to respond to the requestor of the ROV. The appraiser must now reconcile these three values into one final opinion of value.

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Reconsideration of Value Appraisal Clients Contracts 52

AmeriMac

JULY 15, 2024

This shift has improved accuracy and efficiency in determining a property’s market value. Using computer programs and data analytics, modern approaches may offer faster and more accurate real estate valuations. This helps them figure out property values more accurately.

Real Estate 36

Real Estate Appraisal Valuation Tools 36

Appraisal Today

NOVEMBER 29, 2024

This also opens the door for pushback on related changes, such as the expansion of the Nondiscrimination rule of the Uniform Standards of Professional Appraisal Practice, or the addition of valuation bias education to the Real Property, to the extent that either of these would include content that goes beyond what exists in statute already.

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Appraisal Business Contracts Real Estate 85