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Market Correction or Seller Panic?

Appraisal Buzz

The weak historical correlation suggests to me that – despite general consumer buying deteriorating with inflation and higher interest rates – these influences have less of an effect on the upper-middle to upper-class market participants who remain in the market, primarily as investors. 1] [link]. [2] 2] [link]. [3]

Sellers 435
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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

In these scenarios, no inspection or appraisal of any kind is performed on the property. Under this framework, mortgage investors like the GSEs would secure valuable data to inform their critical risk models that keep our housing ecosystem safeguarded. Poor data visibility. And appraisal waivers would be informed, not blind.

Appraisal 370
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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

Marketing 435
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Lines of Defense in Real Estate Collateral Risk Management

Appraisal Buzz

It’s an honor to play such an important role, but it’s also important to remember that lending programs are required to follow strict practices to protect the lenders and their investors against collateral risk. In practice, the mortgage lender and mortgage aggregator/investor place risk management focus on three lines of defense.

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Pros and Cons of Selling Your Home As-Is

Cleveland Appraisal Blog

Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. Real estate investors also prefer homes that require repairs because they can renovate the property themselves and flip it afterward. It is quicker to sell your home as-is.

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Things To Remember About Tax Appeals

Cleveland Appraisal Blog

If a home needs major repairs, clearly this can have a negative impact on market value. Especially if the repairs are on the interior since assessor’s usually do not make interior inspections. Several years ago, an investor hired me to complete an appraisal of one of their single-family rental properties.

Appraisal 219
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Is This Discrimination?

Cleveland Appraisal Blog

The property had been purchased for a price in the mid 50’s by an investor, two months prior to my appraisal. I was told by the investors, in an email that they sent me, that since they purchased the property two months ago, they updated the kitchen and bathroom, installed new flooring, a new furnace, and a new roof.

Appraisal 195