Appraisal Buzz

MAY 31, 2022

This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. When the appraisal review provides an estimate of value, including a concurrence of value, most states will require an appraisal credential. The Appraisal Review.

Real Estate 221

Real Estate Valuation Lending Appraisal 221

Miller Samuel

NOVEMBER 30, 2018

One group not explicitly mentioned in the petition but impacted down the road are real estate agents and brokers. Those are "PiW" loans or have a "Property Inspection Waiver." Years ago and again this morning, I heard a real estate agent say - what do we need you (appraisers) for?

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Appraisal Inspection Real Estate Agent Agents 300

Appraisal Buzz

JULY 18, 2022

Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. In Lancaster City, for example, we must be weary that any sale going under agreement in less than 2 weeks in the current market is reflective of “market value.”

Sellers 435

Sellers Marketing Market Value Home Value 435

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.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

Appraisal Buzz

FEBRUARY 17, 2025

Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. First, inspect the site. Level ground or a steep slope? See diagram.

Legal 243

Legal Appraisal Easement Valuation 243

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.

Market Value 418

Market Value Appraisal Buyers Marketing 418

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. Real estate agents in particular understand local properties extremely well.

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Appraisal Valuation Real Estate Modernization 370

Realvals

FEBRUARY 10, 2025

Appraisals play an important role in real estate transactions, but privacy is always a concern. Appraisals contain sensitive information such as the property value, interior photos of the property, and names of people involved. This figure represents the property’s fair market value.

Appraisal 78

Appraisal Property Taxes Real Estate Market Value 78

Housing Wire

JANUARY 3, 2023

It may be that many of the loan originators and real estate agents calling for major changes to the VA appraisal process are be those with the least amount of first-hand experience with the VA product. When it comes to establishing market value, I think the VA appraisal at present determines this as well as any other.

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Modernization Real Estate Agent Appraisal Process Reconsideration of Value 83

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. That’s a real bummer! HOME VALUES AND OVER-PAYING. Is this wise?

Buyers 243

Buyers Property Taxes Inspection Market Value 243

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.

Marketing 435

Marketing Real Estate Agent Clients Tools 435

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

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. This post will explain the importance of estate appraisals and how the process works. What is an Estate Appraisal?

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Market Value Appraisal Valuation Marketing 78

Appraisal Partners Blog

JANUARY 20, 2025

Introduction The residential appraisal is a cornerstone of the real estate world, yet it’s often shrouded in mystery for many homeowners. Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. They will be aware of any deficiencies.

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Appraisal Inspection Valuation Appraisal Process 78

Realtor

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. It’s rarely advisable to waive an inspection contingency. Your home inspection reports.

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Buyers Inspection Contracts Real Estate Agent 207

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 191

Birmingham Appraisal

MARCH 4, 2025

In fact, one of the biggest dangers is that widespread reliance on appraisal waivers is contributing to what some call “data cancer”a systemic problem that degrades the accuracy of real estate valuations over time. This could lead to price reductions, longer time on the market, or even losing a sale altogether.

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Appraisal Valuation Home Value Market Value 62

Appraisal Partners Blog

FEBRUARY 26, 2025

One of the most significant aspects of a divorce settlement is the division of assets, and real estate often represents a substantial portion of those assets. To determine the fair market value of real estate, a divorce appraisal is essential. Familiar with the local real estate market.

Real Estate 78

Real Estate Appraisal 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

Birmingham Appraisal

NOVEMBER 20, 2024

I think it is important to revisit these inaccuracies for the benefit of new people getting into the real estate market. 10 Appraisal Myths You Should Not Believe Myth #1: All real estate appraisers are the same All appraisers are not the same and they vary based on the amount of education and experience they have.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

The Robert Weiler Company

MAY 18, 2022

When selling commercial real estate, the favorite phrase, “A little bit goes a long way,” holds much truth. A study performed by the Florida Nursery Growers and Landscape Association found that something as simple as landscaping has the potential to increase the resale value of a property by 14 percent.

Real Estate 148

Real Estate Tenants Retail Investing 148

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 384

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.”

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Real Estate Agent Real Estate Agents Appraisal 97

Appraisal Hub

MAY 5, 2024

As a seasoned appraiser in the vibrant real estate market of Toronto, I’ve had the privilege of witnessing the ever-evolving landscape of property valuation. Over the years, I’ve come to appreciate the symbiotic relationship between appraisers and real estate agents.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Appraisal Process 78

Realtor

DECEMBER 4, 2019

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. A real estate appraisal can let you know whether the amount being asked is a fair purchase price. appeared first on Real Estate News & Insights | realtor.com®.

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Appraisal Real Estate Inspection Property Appraisal 138

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

Cleveland Appraisal Blog

JANUARY 13, 2022

By the way, if you’re a real estate agent, you no doubt have experienced these same issues with some that you work with or work for. Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising. This does not happen all of the time. MEASURING.

Appraisal 221

Appraisal Inspection Clients Real Estate 221

Realvals

DECEMBER 30, 2016

While some of these forms do not apply to every property, these are the typical real estate appraisal forms used by most appraisers in most situations. Interior and Exterior Inspection Forms. The 1004 is used when an appraiser is required to do an interior and exterior inspection. Exterior Only Inspection Forms.

Real Estate 78

Real Estate Appraisal Inspection Clients 78

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. They are only one part of the puzzle that appraisers have to put together to form a credible value opinion.

Real Estate Agent 86

Real Estate Agent Real Estate Agents Reconsideration of Value 86

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 232

Cleveland Appraisal Blog

AUGUST 11, 2022

Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. 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.

Renovations 221

Renovations Buyers Appraisal Investing 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

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. Find the Right Real Estate Agent Finding the right real estate agent is a crucial step in the home selling process. Or better yet, hire a handyman to do it right.

Sellers 69

Sellers HOA Real Estate Agent Contracts 69

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.

Sellers 138

Sellers Inspection Contracts Property Taxes 138

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 217

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.

Real Estate Agent 84

Real Estate Agent Real Estate Agents Appraisal 84

East Coast Appraisal

AUGUST 11, 2022

If you wish to buy or sell a home, you have most probably come across the term real estate appraisal — the process of estimating the value of a property. ?. Find out the top real estate appraisal myths. Home Appraisal Is the Same As a Home Inspection. Home Appraisal Value Is the Same as Market Value.

Real Estate 52

Real Estate Appraisal Renovations Market Value 52