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

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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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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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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Appraisal Buzz

MAY 20, 2024

However, markets fluctuate widely, particularly in high-demand markets with excellent schools or near desirable neighborhoods. Difficulty Finding Comps You might have difficulty finding comparable properties to base your valuation on in a buyer’s market. In a buyer’s market, such figures are rarely that perfect.

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Housing Wire

AUGUST 31, 2023

For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property. In its selling guide announcement , Fannie Mae wrote, “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

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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 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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Realvals

FEBRUARY 10, 2025

Appraisals contain sensitive information such as the property value, interior photos of the property, and names of people involved. While appraisals themselves are not public, some related information may be accessible. These comparables or “comps” help determine the home’s value in the current market.

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D Fritz Appraisals

JANUARY 29, 2025

While assessments and appraisals both provide property valuations, their purpose, methods and impact on homeowners differ vastly. As property values soar and housing accessibility becomes more challenging, understanding the role of these valuations in shaping real estate decisions is more critical than ever.

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Appraisal Buzz

FEBRUARY 17, 2025

Applying each of these tests properly is essential to the valuation process. In many litigation situations where appraisers values are far apart, its due to H&BU analysis differences. Some of this information isnt available online, so you may have to pay a visit to your local planning department.

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The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? Unfortunately, reality television shows aren’t the best platform for learning how to value a small business (or a company of any size). Question 1: Why do I need to understand business valuation?

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Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. All three are market-based approaches.

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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. An appraisal is a valuation of a property by a third party. And, of course, water leads to damage of personal property. And then water leads to mold.”. NMLS #412915.

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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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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. McKinsey reports that the real estate industry will see a productivity gain of $110 billion to $180 billion, primarily in marketing and sales. AI knowledge is collective.

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Birmingham Appraisal

MARCH 4, 2025

Important Information About Appraisal Waivers Imagine this: Youre buying a home, and your lender offers you an appraisal waiver. But what if I told you that skipping the appraisal could lead to overpaying for your home, financial headaches down the road, and even market distortions that could affect entire neighborhoods?

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Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. Recession-Proof Your Business Part 2 – The Real Value Podcast with Blain Feyen. What is a Valuation Model?

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Appraisal Partners Blog

JANUARY 20, 2025

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. But what exactly is a residential appraisal, why is it necessary, and what factors influence the final valuation? This valuation is crucial for a multitude of reasons.

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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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Appraisal Hub

JULY 26, 2024

Imagine you could get a report card for a home, highlighting each element that adds or subtracts value. This is called property valuation. Whether buying, selling, or refinancing a property, a meticulous and professional appraisal is essential to ensure fair market value. What Is Property Valuation?

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Housing Wire

JUNE 7, 2024

Market data about the area, an invitation to an upcoming open house, or info about a coming soon listing nearby are all great items of value. Don’t forget to include your contact information and a call to action such as: “Call/text me to learn about your home’s current market value.” Who’s it for? Who’s it for?

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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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Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.

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Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. When the appraisal review provides an estimate of value, including a concurrence of value, most states will require an appraisal credential. Quality Control and Quality Assurance .

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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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East Coast Appraisal

APRIL 2, 2025

When considering buying, selling, or refinancing property, one of the most critical steps in the process is getting an accurate valuation. Real estate appraisal services in Westchester County, NY , offer homeowners and buyers the information they need to make informed decisions.

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Birmingham Appraisal

JANUARY 29, 2025

Pending sales can help us see the direction a market is taking during times of rapid increases or decreases in prices. Using this information helps appraisers provide the most accurate and up-to-date valuation possible. Active listings help us to understand what other competing properties are listed for.

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Boston Appraisal

MARCH 18, 2024

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their assessments can delineate how such disputes affect property valuation, informing legal arguments and potential resolutions.

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Appraisal Partners Blog

JANUARY 10, 2025

Introduction In the real estate industry, where significant financial decisions hinge on property valuations, the importance of ethics in the appraisal profession cannot be overstated. Appraisers serve as impartial experts, tasked with providing objective opinions of value based on thorough analysis and market data.

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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. I hope you will also… .

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AmeriMac

MARCH 15, 2025

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Appraisal management involves coordinating and overseeing the valuation process to ensure compliance with industry standards like USPAP in the US.

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Clear Capital

NOVEMBER 29, 2022

Today, we’re thrilled to announce the launch of Interactive ClearAVM (automated valuation model). ClearAVM is an AI-based, investment-grade AVM that produces reliable, highly-accurate market value predictions and uses machine learning to deliver property valuations on more than 139 million addresses across the United States.

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Boston Appraisal

MAY 17, 2023

The process of determining a property’s market value is called a real estate appraisal. The appraiser also needs to be aware of the zoning regulations, city ordinances, and other restrictions that can affect the value of the property. What does this mean?

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Town & Country Residential Appraisals

MARCH 10, 2025

As a buyers agent, its your responsibility to help clients make informed decisions. Without an independent appraisal, your clients risk overpaying for a property or encountering valuation issues in the future. Appraisal: Confirms the propertys market value, ensuring your buyers arent overpaying for their largest financial investment.

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Boston Appraisal

JUNE 7, 2023

There are various financial concepts and metrics that investors need to understand to make informed decisions. How Capitalization Rates Affect Real Estate Valuation The capitalization rate, or cap rate, is a real estate valuation measure used to compare different real estate investments.

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DataMaster

APRIL 6, 2021

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. In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. How Does the Appraiser Determine Value?

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