Birmingham Appraisal

JUNE 11, 2024

The Many Faces of Real Estate Appraisals Real estate appraisals are required whenever the value of a property needs to be determined. The value might be assessed as of the inspection date or, in some cases, as of a past date. Tax Appeal Appraisals: Fair Property Tax Assessments What is it?

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Realvals

JUNE 18, 2023

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

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Will Springer Realtor

MARCH 7, 2023

The state requires that county assessors inspect every property at least every six years to maintain accurate information about the parcel and structures. Local governments are limited to a 1% annual increase in property tax revenue regardless of changes in property values – but there is a catch. overall increase.

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D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a legal document that determines fair market value for a property. The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional.

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Appraiserblogs

MARCH 7, 2024

Related Posts: AMC Hires a Convicted Felon as Property Data Collector The recent case of Paschal Uchendu, a convicted felon awaiting sentencing for orchestrating a $1.2 It’s time to grab your popcorn and… The post Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

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McKissock

MARCH 28, 2023

I blend this with occasional review work and traditional valuation for banks/lenders, and it’s been a blessing to keep afloat during these very difficult times!” I’ve appraised approximately 50 portfolios (some twice) with a cumulative appraised value of nearly $2 billion.

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Raleigh Realty

AUGUST 20, 2022

To shield you from any surprises, here are the typical costs when buying a home: Earnest money Closing costs Property taxes Homeowner’s Insurance Funding the escrow account School taxes Private mortgage insurance Interest rate Moving costs Utilities Homeowners association fees Maintenance and repairs Wondering what these terms mean?

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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East Coast Appraisal

JULY 7, 2022

A property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. .

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Housing Wire

APRIL 25, 2022

The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices. In Spokane, the average property tax bill has risen from about $2,500 in 2019 to about $3,000 in 2021, tax assessment data shows. No one knows how this will all play out.”.

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Aedis Appraisals

FEBRUARY 1, 2018

By using this type of business, you can make sure that your valuation is done with precision and efficiency. An Inspection and Report. A home appraisal in Toronto Ontario is defined as an inspection to estimate the value of a home. For instance, you may be paying too much in property taxes, given the appraisal value of the home.

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McKissock

FEBRUARY 25, 2022

.” “I try to analyze the property not only as an appraiser, but from the perspective of the owner/buyer and the lender/investor, giving me a broader perspective and hopefully resulting in a more credible valuation…The valuation process isn’t perfect, but it’s the best we have. “My experience.

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Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information. Property taxes and tax rates vary widely.

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AmeriMac

OCTOBER 28, 2024

That’s why a complete home inspection is essential when looking at REO properties. The Role of Legal Complications in Property Valuation The foreclosure process can impact property values, and appraisers must understand local laws and potential legal issues.

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The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser.

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AmeriMac

NOVEMBER 30, 2023

They provide an objective opinion on the value of a property, considering factors such as market conditions, comparable sales, and income potential. These appraisals are valuable tools for property owners, investors, and lenders, helping them make informed decisions about sales, refinancing, property tax assessments, and estate planning.

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Real Quantum

FEBRUARY 16, 2023

For example, drones are utilized to capture magnificent aerial images of property, broadening the appraiser’s perspective. When it comes to commercial valuation, detailed maps with information about properties and land requirements – like Google Maps , Apple Maps , and Waze – are essential. Please note!

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Listing Spark

SEPTEMBER 16, 2024

Online valuation tools can provide a starting point, but they may not account for recent upgrades or unique features of your property. Consider hiring a professional appraiser for a more accurate valuation. There are strict guidelines for property tax prorations at closing.

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Housing Wire

JANUARY 19, 2022

Desktop appraisals — which rely on property tax records and past sales, without a physical inspection — were one among a series of flexibilities the FHFA introduced in March 2020 to keep the housing market humming despite social distancing measures and lockdowns.

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AmeriMac

JANUARY 30, 2024

The condition of the property has a direct impact on loan approval and interest rates, making it crucial to determine its overall state. An accurate appraisal report provides mortgage lenders with informed valuation insights, guiding them in the loan approval process.

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San Jose Real Estate

SEPTEMBER 19, 2024

That’s why we encourage pre-sale inspections and thoughtfully completed disclosures, and sometimes even bids so that there’s transparency in the home being sold. It used to be published, and we could factor that in to valuations. Then the fee is financed, essentially. Some see this option as a plus.

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AmeriMac

APRIL 15, 2024

Some lenders, such as Fannie Mae, even allow for a property inspection waiver (PIW) in certain cases, making the appraisal process even quicker. Finally, a home appraisal assures both buyers and sellers that the purchase price is reasonable and reflects the true value of the property.

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Housing Wire

JUNE 14, 2022

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Both GSEs argue that these approaches advance equity.

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D Fritz Appraisals

MARCH 13, 2025

How Does the Appraiser Determine a Propertys Value? There are three recognized valuation approaches: Direct Comparison Approach The value is derived by analyzing recent sales of comparable properties and adjusting for differences. What Is the Process of an Appraisal? Planning on getting an appraisal? How Are Houses Appraised?

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Property Metrics

MARCH 13, 2025

Expense Projections : Operating costs like property taxes, insurance, utilities, maintenance, and management fees are then subtracted to derive Net Operating Income (NOI). For example, property taxes might rise after a sale, or insurance premiums could spike in areas prone to natural disasters.

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Appraisal Today

APRIL 4, 2025

It was transitioning to computerized valuation. I was a temporary appraiser assistant hired to go to properties to see if the county appraisal records needed updating. In those days (mid-1970s), properties were reappraised regularly to increase the assessments and property taxes were increased.

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