Miller Samuel

NOVEMBER 30, 2018

Those are "PiW" loans or have a "Property Inspection Waiver." The seller and the buyer determined the market value by agreeing on the price." from an out of market area) and will also mortgage fraud supercharged. I've heard of fees as low as $8 to do the inspection and $78 for the appraiser.

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Appraisal Inspection Real Estate Agent Agents 300

Appraisal Buzz

MARCH 17, 2025

So one main difference between traditional lender appraisals and relocation appraisals is the forecasting aspect: whereas lender appraisals determine a current market value, relocation appraisals try to project what the sales price WILL be.

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Appraisal Marketing Clients Inspection 231

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Market Value Appraisal Buyers Contracts 418

Cleveland Appraisal Blog

AUGUST 6, 2021

WAIVING HOME INSPECTIONS. He said this year has been extremely slow for him because people are waiving home inspections to get a competitive edge on other buyers, bidding on the same home. Getting a home inspection is a personal decision. HOME VALUES AND OVER-PAYING. No one knows what the market will do tomorrow.

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Buyers Property Taxes Inspection Market Value 243

Appraisal Buzz

JULY 18, 2022

This transfer of negotiating power has already begun with many buyers now being able to elect contingencies such as inspection and/or appraisal – each of which was difficult to include in a competitive offer as recently as 1-2 months ago. The post Market Correction or Seller Panic? 1] [link]. [2] 2] [link]. [3]

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Sellers Marketing Market Value Home Value 435

Riverfront Appraisals

APRIL 20, 2023

This blog is dedicated to the countless homeowners who, as we’re finishing up with the appraisal inspection, ask “well, is there anything I can do to increase the value of my home?” You go to list […] The post FAQ #16: What Can I Do To Increase My Home’s Market Value? appeared first on Riverfront Appraisals.

Market Value 114

Market Value Inspection Marketing Realtors 114

Appraisal Partners Blog

MARCH 12, 2025

FHA appraisals have two main objectives: Determine Market Value: Like all appraisals, the FHA appraisal determines the fair market value of the property. Property Inspection: The appraiser conducts a thorough inspection of the property, focusing on both market value and FHA minimum property standards.

Appraisal 78

Appraisal Inspection Market Value Sellers 78

Realvals

FEBRUARY 10, 2025

These comparables or “comps” help determine the home’s value in the current market. These comparables or “comps” help determine the home’s value in the current market. The appraiser then weighs all factors to arrive at the appraised value. We take photos and measurements.

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Appraisal Property Taxes Real Estate Market Value 78

D Fritz Appraisals

JANUARY 29, 2025

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. Home appraisers conduct thorough interior inspections, whereas BC Assessment typically relies on external data and drive-by observations.

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Appraisal Valuation Property Taxes Inspection 78

Realtor

NOVEMBER 7, 2023

Costs of buying a home #4: Inspection You want to be assured your new home is structurally sound and free of surprises such as leaks or pests living in the walls. Home inspection : This is critical for home buyers. Expect to pay $300 to $500 for a home inspection, although cost varies by location.

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Inspection Insurance Sellers Buyers 196

Housing Wire

JANUARY 3, 2023

To begin with, I applaud the flexibility of allowing desktop or drive-by appraisals, but at the same time this would seem to fundamentally alter the requirement of the appraiser to inspect the property to ensure Minimum Property Requirements (MPRs) are met.

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Modernization Real Estate Agent Appraisal Process Reconsideration of Value 83

CP Home Appraisals

AUGUST 27, 2018

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does. Do I need a home inspection as well?

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Inspection Appraisal Property Inspector Real Estate 78

Appraisal Buzz

FEBRUARY 17, 2025

First, inspect the site. Lets look at the as-improved H&BU: The current market value of the site is $30,000, demolition cost is $2,000, economic life of the garage is 50 years, and effective age is 30 years. Physically possible – Can a specific use be built? Level ground or a steep slope?

Legal 243

Legal Appraisal Easement Valuation 243

Riverfront Appraisals

JANUARY 18, 2021

Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.

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Final Inspection Inspection Appraisal Loan Officers 92

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. At its core, a residential appraisal is an unbiased professional opinion of a property’s value. On-Site Inspection: This is where the appraiser physically examines the property.

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Appraisal Inspection Valuation Appraisal Process 78

GoForrmz

JANUARY 16, 2025

Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 Drone Technology for Site Surveys and Inspections Drone technology has rapidly evolved from a novelty to a core tool in modern construction.

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Tools Construction Business Project Management 78

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Your home inspection reports. Bring the necessary documentation to closing.

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Buyers Inspection Contracts Real Estate Agent 208

Housing Wire

MAY 25, 2021

In these scenarios, no inspection or appraisal of any kind is performed on the property. But there’s growing evidence that non-appraisers can perform high-quality data collection that ultimately empowers the appraiser to focus on what they do best: analysis, research, and determining market value. Poor data visibility.

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Appraisal Valuation Real Estate Modernization 370

Appraisal Partners Blog

MARCH 18, 2025

If you believe your property is assessed at a value higher than its fair market value, you have the right to appeal your property tax assessment. The assessor determines the assessed value of your property, which is then used to calculate your property tax bill. Property taxes are a significant expense for homeowners.

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Property Taxes Market Value Appraisal Inspection 78

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. For example, if one of the sold comps had an additional parking space, you’ll want to adjust its sold price down based on the local market value of a parking space.

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Marketing Real Estate Agent Clients Tools 435

Town & Country Residential Appraisals

MARCH 10, 2025

Would you let your buyers purchase a home without a home inspection? Home inspections and appraisals are critical steps in the home-buying process, and most purchase agreements reflect that by making them standard contingencies. Probably not! These safeguards protect buyers from costly mistakes and ensure their investment is sound.

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Buyers Appraisal Inspection Market Value 46

Birmingham Appraisal

MARCH 4, 2025

Heres why: When a traditional appraisal is waived, the lender determines the homes value using automated valuation models ( AVMs ) instead of an appraisers independent analysis. The lender’s valuation may aid them in the underwriting of the loan but it may not accurately reflect the market value of the home.

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Appraisal Valuation Home Value Market Value 63

Boston Appraisal

MAY 17, 2023

The process of determining a property’s market value is called a real estate appraisal. The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction.

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Inspection Appraisal Construction Valuation 148

Boston Appraisal

OCTOBER 8, 2022

Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.

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Appraisal Inspection Appraisal Process Valuation 135

Realtor

MAY 17, 2023

Before closing on a house, most transactions include a home inspection , so you’ll need to make your home available to the inspector and then negotiate with the buyers about anything the inspection turns up according to the terms of your contract. Another important step prior to closing on a house is the appraisal.

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Sellers Inspection Contracts Property Taxes 142

Cleveland Appraisal Blog

JANUARY 13, 2022

Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising. I know of some appraisers who do not measure the properties they appraise, even though they are expected to when making a physical observation (inspection). MEASURING.

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Appraisal Inspection Clients Real Estate 221

Realtor

DECEMBER 4, 2019

An appraiser’s job is to determine the current value of a property for the potential buyer. Most of the work to determine the value of a real estate appraisal is done during an on-site inspection , where the appraiser will: Conduct a room-by-room walk-through to appraise the condition of the interior.

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Appraisal Real Estate Inspection Property Appraisal 138

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? Put the lockbox on.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Cleveland Appraisal Blog

FEBRUARY 17, 2021

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. I explained why a full interior inspection is better. But they insisted on not having an interior inspection made.

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Appraisal Clients Inspection Market Value 221

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In brief (operative word), an appraisal is an estimate of the current market value of a home completed by an appraiser using set evaluation criteria.

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Inspection Appraisal Buyers Contracts 52

Appraisal Buzz

MAY 31, 2022

If you look at the current regulatory guidance and stakeholder policies, it is clear that an appraisal can be reviewed by an individual not holding an appraisal credential when it is an internal process and the result of the process does not create an opinion of Market Value for the purposes of extending credit.

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Real Estate Valuation Lending Appraisal 221

Realtor

AUGUST 7, 2019

If a buyer needs a loan to purchase your home, the lender will require an appraisal toward the end of the loan application process just to make sure the home is actually worth its purported value. Appraisal value isn’t always the same as market value. So how is market value determined, if not with an appraisal?

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Sellers Appraisal Market Value Real Estate Agent 111

Birmingham Appraisal

NOVEMBER 20, 2024

The bottom line is that if the contract price is in close alignment with the other approaches to value, especially the sales comparison approach, then this provides validation that it is a reliable indicator of market value for the property so the appraiser will reconcile the appraisal at the contract price.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

D Fritz Appraisals

OCTOBER 11, 2022

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

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Appraisal Inspection Property Taxes Easement 110

Housing Wire

AUGUST 3, 2023

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.” Furthermore, AI might not handle exceptions or unusual circumstances well, which a human agent with experience could navigate effectively.

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Real Estate Agent Real Estate Agents Tools 370

Listing Spark

JANUARY 5, 2025

The buyers inspector will be looking through every nook and cranny so its a good idea to knock out any issues likely to show up on an inspection. A realistic price can attract potential buyers, while an overpriced home can sit on the market for months. Or better yet, hire a handyman to do it right.

Sellers 69

Sellers HOA Real Estate Agent Contracts 69

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals.

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Appraisal HOA Easement Valuation 132