Remove Law Remove Market Value Remove Valuation
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9 tips for homebuyers in non-disclosure states

Housing Wire

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

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Appraisers say it’s business as usual despite the NAR settlement changes

Housing Wire

We have to know why some properties could potentially be closing at different price levels, and figure out where market value is in the midst of that,” he said. ”So The reality is when laws or practices change, sometimes the questions we ask also change.”

Appraisal 370
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Highest and Best Use: A Superpower You Already Possess

Appraisal Buzz

Applying each of these tests properly is essential to the valuation process. In many litigation situations where appraisers values are far apart, its due to H&BU analysis differences. Upzoning is a movement sweeping the country many cities are changing zoning laws to increase density and address affordable housing issues.

Legal 243
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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. About the Author.

Appraisal 312
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. The market value of these properties will be based on a "comparable sale-based valuation method." click to expand].

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Loosening The Knot

Appraisal Buzz

While it’s true that we must consider the empirical evidence, like chemists in a lab, we are not able to rely on natural laws, neatly organizing the component parts on the periodic table. The representative price of this hypothetical interaction (the product of the synthesis) is known as market value.

Sellers 379
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Estate Appraisals: Determining Fair Market Value for Estate Planning and Settlement

Appraisal Partners Blog

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. An estate appraisal is a professional valuation of real estate owned by a deceased person (the decedent). The valuation methodology used.