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. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

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Marketing Real Estate Agent Clients Tools 435

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. At this point, an estimated market value is generated. Not necessarily.

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Real Estate Appraisal Agents Inspection 476

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 Marketing 418

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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Market Value Appraisal Agents Real Estate Agent 354

Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. Freddie Mac announced automated collateral evaluation (ACE) as a new solution and Fannie Mae followed not long after with the introduction of Property Inspection Waivers (later renamed Value Acceptance). Customer experience.

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Modernization Appraisal Inspection Valuation 418

Miller Samuel

NOVEMBER 30, 2018

As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. Those are "PiW" loans or have a "Property Inspection Waiver." The seller and the buyer determined the market value by agreeing on the price." Ever heard of straw buyers?

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Appraisal Inspection Real Estate Agent Agents 300

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.

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Appraisal Inspection Market Value Sellers 78

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

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.

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Market Value Inspection Marketing Realtors 114

Appraisal Buzz

FEBRUARY 17, 2025

First, inspect the site. This is the most intensive of the four tests it requires a thorough market analysis, cost-benefit analysis, and financial projections. Anticipation, market demand, and timing for each potential use are evaluated during this test to further reduce any uses. Level ground or a steep slope?

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Legal Appraisal Easement Valuation 243

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

Realvals

FEBRUARY 10, 2025

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. The appraiser then weighs all factors to arrive at the appraised value. This figure represents the property’s fair market value.

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Appraisal Property Taxes Real Estate Market Value 78

D Fritz Appraisals

JANUARY 29, 2025

House Appraisal vs BC Assessment: How They Impact Your Homes Value Understanding the difference between residential home appraisals vs BC assessments. These two commonly misunderstood yet crucial home evaluation tools, help to navigate the complexities of the real estate market in British Columbia.

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Appraisal Valuation Property Taxes Inspection 78

Cleveland Appraisal Blog

OCTOBER 27, 2022

How can you prepare for the inspection? Appraisers think about previous sales and the state of the market in your neighborhood. The appraiser will provide your home’s estimated market value in writing afterward. Thank you, Betty, for sharing some great tips to help prepare a home for an appraisal inspection.

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Appraisal Inspection Buyers Advertising 389

Appraisal Partners Blog

MARCH 6, 2025

They determine the fair market value of real estate assets, which is necessary for various purposes, including tax calculations, distribution of assets to heirs, and probate proceedings. The appraisal establishes the fair market value of the property, typically as of the date of death. What is an Estate Appraisal?

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Market Value Appraisal Valuation Marketing 78

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

MAY 25, 2021

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market. Appraiser shortage.

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Appraisal Valuation Real Estate Modernization 370

Realtor

NOVEMBER 7, 2023

This amount can change depending on market factors. If the market is cold, a seller could be happy with less than 1%. 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. Pest inspections : Roaches are one thing.

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Inspection Insurance Sellers Buyers 191

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. Unlike a home inspection, which assesses the physical condition of a property, an appraisal focuses solely on determining its fair market worth. They will be aware of any deficiencies.

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Appraisal Inspection Valuation Appraisal Process 78

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

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

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

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

Housing Wire

JUNE 7, 2024

You can meet new people anywhere, and you never know who’s thinking about putting their house on the market. You can send a handwritten note, a mailer with market data and a call to action, or even show up on their doorstep. Agents who are comfortable with rejection and confident in their marketing and pricing skills.

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Real Estate Open Houses Agents Sellers 468

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 207

Birmingham Appraisal

MARCH 4, 2025

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? 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

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. But it’s not repeatable using market data. Without the proper market support for our adjustments, we are simply relying on our own views. We could be accused of being biased. MEASURING.

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Appraisal Inspection Clients Real Estate 221

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

Housing Wire

AUGUST 3, 2023

Job functions most likely to be impacted include sales, marketing and software engineering. Given that sales and marketing are key areas for real estate agents, generative AI will increase the probability of agents winning listings. They concluded that AI has the potential to deliver an economic benefit of $6.1 trillion to $7.9

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Real Estate Agent Real Estate Agents Tools 370

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

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 219

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 138

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

Cleveland Appraisal Blog

JANUARY 21, 2021

So, we will call for an qualified professional to inspect the situation to see what, if anything, needs to be done. It is impossible to know the impact on market value until we know if repairs are needed. Because major structural repairs have a negative impact on market value, we must take this situation seriously. .

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Appraisal Inspection Real Estate Market Value 235

Cleveland Appraisal Blog

AUGUST 11, 2022

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. In addition, selling as-is is the norm in some real estate markets. Not a good marketing strategy. Going for an as-is home sale eliminates the need for a lengthy renovation process.

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Renovations Buyers Appraisal Investing 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

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