Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Miller Samuel

NOVEMBER 30, 2018

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. Liability insurers are already talking about a new target when things go south. The problem with this logic is the buyer may not be fully informed (i.e.,

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Appraisal Inspection Real Estate Agent Agents 300

Cleveland Appraisal Blog

AUGUST 11, 2022

The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property. In sum, you are better off if you keep it clear and transparent since you might have problems with the law otherwise.

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Renovations Buyers Appraisal Investing 221

Empire Appraisal Group

OCTOBER 5, 2023

A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. This value is essential for tax reporting and compliance.

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Appraisal Market Value Valuation Law 78

Listing Spark

JANUARY 5, 2025

Selling a house as-is in Texas means the buyer agrees to buy the home in its current condition, and the seller opts to sell as is without making any repairs. Prepping a home to hit the market can cost a lot of time, energy, and money. The idea of an as-is sale can appeal to sellers for a lot of reasons.

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Realvals

JUNE 18, 2023

By providing clear evidence of the value of your assets, you can help avoid disagreements among your loved ones after you’re gone. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes. An appraisal can assist you in determining the value of real estate, personal items, and business interests.

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Appraisal Property Taxes Real Estate Market Value 145

Birmingham Appraisal

JANUARY 29, 2025

An appraiser might uncover that a home sold for less due to deferred maintenance or for more because of seller concessions. By confirming these details, appraisers ensure their valuation reflects true market conditions and gives clients the reliable information they need to make confident decisions.

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D Fritz Appraisals

SEPTEMBER 9, 2024

Here are a few unusual strategies eager buyers are employing to break into the housing market: Home Hacking – purchasing a multi-unit property, living in one unit, and renting out the remainder to cover the cost of the mortgage payment Crowdfunding – do you have a large social media following? What Does the Future Hold?

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Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. A home appraisal determines the fair market value of a home. While there are different laws for different states, Fannie Mae has a general list of requirements on their site.

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Appraisal Process Appraisal Construction Sellers 139

Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.

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Housing Wire

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. In light of the recent NAR lawsuit outcome , seller leads are even more crucial. Companies like SmartZip can quickly and easily generate a list of potential home sellers based on data, not just a zip code. It’s a great time to sell.

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Genworth MI Blog

JUNE 27, 2019

Will the appraised value be sufficient for the loan?”. Will I be seen as overstepping the law? This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. If I have questions, what am I allowed to ask?

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Will the appraised value be sufficient for the loan?”. Will I be seen as overstepping the law? This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. If I have questions, what am I allowed to ask?

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Appraisal Tips Appraisal Law Market Value 78

Lamacchia Realty

JULY 24, 2024

Property Ownership Transfer Laws in the US Property ownership in the US is subject to all three levels of law, federal, state and local. Property owners are responsible for ensuring all matters conducted on their land remain compliant with relevant federal, state, and local laws.

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McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. Appraisers should be careful not to perform analysis and/or provide opinions and conclusions that would fall under “practicing law without a license.”

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Birmingham Appraisal

MAY 21, 2024

Condition and Age of the Property The age and condition of a home directly impact its market value. Renovations and updates can reduce these effects by increasing a home’s market appeal and extending its lifespan. The Local Real Estate Market Understanding the dynamics of the local real estate market is essential.

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Home Value Architecture Renovations Real Estate 75

Lamacchia Realty

APRIL 10, 2024

In-Law Apartments How this can Increase Value: A well updated and cohesive In-law apartment is very attractive to buyers who are looking for one. How this can Decrease Value : Many people believe that in-law apartments automatically increase the value of a home, but it is just not the case.

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McKissock

JUNE 8, 2021

His intent was to buy the house from his parents and relocate his law offices there. He ordered appraisals from three different appraisers, and the purchase price was to be the average of the three value opinions. In this case, he was also the client. He knew there’s no correct answer in appraising.

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Appraisal Contracts Clients Law 73

Hank Miller Team

JANUARY 25, 2022

Purchase Price The purchase price is the amount the buyer agrees to pay the seller; this tends to support the “it’s worth what a buyer will pay” idea. Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price.

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Home Value Market Value Buyers Inventory 52

Portland Appraisal Blog

APRIL 14, 2019

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. There is no law forbidding someone from paying more than the average market participant for a home unless the motive for doing so falls under money laundering, bribery, or some other equally nefarious scheme.

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Appraisal Reconsideration of Value Agents Market Value 78

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Other users might be sellers, mortgage underwriting, banks, and contractors. Appraisal vs Home Inspection.

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Appraisal Inspection Appraisal Process Real Estate Agent 98

The Robert Weiler Company

OCTOBER 21, 2022

Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

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Will Springer Realtor

MAY 10, 2022

King County Assessor John Wilson urges any owner curious about the value of his/her home to check the county’s website for an assessed value. The assessment is typically lower than the market value, which can be derived from home valuation sites. Another scam is property-lien fraud.

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Real Estate Buyers Valuation Law 69

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller. Also, you can install a separate mother-in-law suite, as most houses lack this feature.

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Appraisal Renovations Home Value Inspection 52

Appraisal Today

SEPTEMBER 15, 2023

Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than market value. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Agent Contracts Real Estate 90

Lamacchia Realty

MAY 6, 2024

Short-term rental laws can be strict, and staying compliant avoids hefty fines. In addition, the influence of local community features on property values can’t be overstated. Living near popular attractions can raise your home’s market value , making it a profitable asset if you decide to sell.

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Logistics Realty Transportation Property Taxes 73

Quicken Loans

JUNE 8, 2021

Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. Bear in mind that every state has unique laws and regulations concerning foreclosures. It’s important to work with an expert who understands these laws. Sellers (i.e., Buying at this stage can be tough, though.

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Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” His law practice is dedicated to valuation issues.

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Lamacchia Realty

JUNE 22, 2023

The first step in this process involves determining the market value of the home with your REALTOR®. It is important to note that certain tax laws relevant to selling your home will expire at the end of the year. Additionally, they will need to buy out the other spouse’s equity.

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AmeriMac

JANUARY 15, 2025

Understanding Different Appraisal Products A real estate appraisal is a detailed study determining a property’s market value for potential buyers. Understanding valuation methods, market trends, and property analysis is crucial to establish this value.

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Appraisal Valuation Appraisal Process Real Estate 36

Birmingham Appraisal

SEPTEMBER 17, 2024

Location factors can significantly impact market value due to various economic, social, and environmental variables. Overpricing leads to homes sitting on the market longer, causing frustration for the seller and reducing the home’s marketability over time. appeared first on Birmingham Appraisal Blog.

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Agents Real Estate Agent Real Estate Appraisal 62

PennyMac

AUGUST 31, 2024

Mutual Acceptance of the Offer After negotiation, the buyer and seller agree on the final property price. Opening Escrow and Earnest Money After an offer is accepted, the listing broker or the seller’s agent will initiate the escrow account opening process. Here are some of the steps completed prior to closing.

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Inspection Real Estate Agent Sellers Legal 36

PennyMac

SEPTEMBER 2, 2024

Loan Processors will assess your documentation and ensure that it complies with the banking industry’s rules and regulations as well as federal and state laws. The Importance of the Property Appraisal An appraisal is an unbiased report of your home's current market value performed by a licensed, qualified, independent appraiser.

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Mortgage Insurance Real Estate Agent Appraisal 63

Housing Wire

JANUARY 19, 2025

And landlords are already smelling an opportunity to raise list prices, despite laws designed to prevent that. Proposition 13 caps property tax increases at 2% annually unless theres a change in ownership or new construction, in which case the valuation resets its current market value.

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Will Springer Realtor

MARCH 7, 2023

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. The highest property value increase in King County this year occurred in Sammamish, where the median home value jumped 51%.

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Property Taxes Market Value Real Estate Government 36

AmeriMac

OCTOBER 15, 2024

The Basics of Appraisal Disputes Appraisal disputes happen when people disagree on the value of a property. Many different groups are involved, such as property owners, buyers, sellers, lenders, insurance companies, and tax authorities. Legal help might be needed to reassess the property’s value and ensure everyone is treated fairly.

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AmeriMac

FEBRUARY 25, 2021

In this way, FHA can determine the selected properties’ market value, thus finding out whether the house is worth financing or not. After an in-depth inspection, the appraiser will offer the FHA an insight into the property’s market value. Moreover, the U.S. Are FHA Appraisals Public Record?

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