Housing Wire

JULY 8, 2024

That has complicated the issues around ownership of the home according to the child of those buyers, who said that interest accumulation on the loan has potentially outpaced its market value. But one year earlier, the Bank of New York Mellon Trust reportedly initiated a foreclosure on the property.

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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 350

Housing Wire

MAY 21, 2024

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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Cleveland Appraisal Blog

APRIL 11, 2023

With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? That can have a big impact on market value.

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Appraisal Market Value Legal Property Appraisal 353

Housing Wire

NOVEMBER 23, 2021

Neighborhood Homes is a practical solution for communities in which the cost of renovating or building a home exceeds its market value after the work is complete. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work. This disparity in the homeownership rate fuels the racial wealth gap.

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Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. Also part of the definition: Reasonable market exposure time. As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.”

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Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

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Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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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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Cleveland Appraisal Blog

MAY 26, 2023

The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches.

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Housing Wire

SEPTEMBER 6, 2024

Ewing of Federal Title & Escrow is one who believes that firms like Allied were capitalized far below fair market value. “Overall, I think the industry should be applauding the actions taken by the OAG to help clean up the industry,” Ewing said. If so, why and where’s the authority for that?”

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Insurance Real Estate Agent Law Real Estate 459

Boston Appraisal

SEPTEMBER 22, 2020

The use of a property must be… Legally Permissible. The goal of the real estate appraiser is to identify the use of the property that will be the absolutely most profitable use within legal, physical and financial boundaries. Legally Permissible. Physically Possible. Financially Feasible. Most Productive. Most Productive.

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Housing Wire

SEPTEMBER 20, 2024

We give them all the same information that Zillow and others would give them — pictures and the AVM with current market value. One of the beautiful things about remote is we have top-tier engineering talent from the markets where they want to live. SW: What makes you optimistic about your company and the fix-and-flip business?

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Housing Wire

AUGUST 31, 2023

In total, the lawsuit makes two civil Racketeer Influenced and Corrupt Organizations (RICO) claims, one Sherman Act restraint upon commerce claim, one intentional fraud in the inducement claim and one breach of contract claim against the defendants.

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Contracts Business Brokerage Training 435

Realtor

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. When you buy a home, you “ take title ” to the property and establish legal ownership—a process that’s confirmed by local public land records.

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Buyers Inspection Contracts Real Estate Agent 208

Simonson Real Estate

JULY 10, 2020

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Value Scenarios. What is Market Value As Is and When is it Used? The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

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Appraisal Process Appraisal Market Value Tenants 148

Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. a structural engineer, home inspector, or art conservator.”).

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Inspection Appraisal Technology Clients 369

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. But still, he was baffled. I Just Don’t Get It! What Is An Appraisal?

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Appraisal Appraisal Process Buyers Legal 158

Cleveland Appraisal Blog

JUNE 18, 2022

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.

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Appraisal Law Development Valuation 309

Boston Appraisal

MAY 15, 2024

These frameworks not only shape how properties can be used but also have a profound impact on their market value. For investors, a nuanced grasp of these legal aspects is essential to navigate the […]

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Law Real Estate Investors Legal 78

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 some cases, any attempt to avoid disclosing the problems your home has might result in legal action on the buyer’s part.

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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 appraiser also needs to be aware of the zoning regulations, city ordinances, and other restrictions that can affect the value of the property.

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Inspection Appraisal Construction Valuation 148

Miller Samuel

MARCH 19, 2019

The market value of these properties will be based on a "comparable sale-based valuation method." which seems in direct conflict with state law since co-ops and condos are valued as rentals by state law in NYC. You probably think of the market value of your co-op or condo as the price you could sell it for on the open market.

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Real Estate Law Development Investors 370

Cleveland Appraisal Blog

FEBRUARY 11, 2022

When reading through that report, I noted that the appraiser got the address and legal description right. The appraiser’s market analysis was not supportable, nor were the sales that they choose to use to compare to the property being appraised. The market value is what it is. But it all went downhill from there.

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Boston Appraisal

JULY 6, 2023

Property disputes can come in many forms: from squabbles between neighbors about boundary lines to legal battles in a divorce proceeding over shared assets. By providing an objective assessment of the property’s market value, an appraisal can aid in dispute resolution, assist in legal arguments, and guide negotiations.

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Appraisal Legal Market Value Appraisal Process 78

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

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Appraisal Contracts Market Value Clients 103

Realvals

JUNE 18, 2023

” ( source ) The only way to obtain legal ownership of the property is to go through the probate process. An appraisal will provide you with the current market value of your real estate. An appraisal report provides you with the insights you need to better understand your property and the current market conditions.

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Appraisal Property Taxes Real Estate Market Value 145

Boston Appraisal

MAY 15, 2024

These frameworks not only shape how properties can be used but also have a profound impact on their market value. For investors, a nuanced grasp of these legal aspects is essential to navigate the complexities of the real estate market and to capitalize on investment opportunities.

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Law Real Estate Investors Legal 78

Appraiserblogs

JULY 6, 2022

The appraiser develops an independent opinion of value for the property through an appraisal, and the attorney ensures that the appraisal is sufficient to support a just compensation determination in what is essentially a legal proceeding. If the property owner’s. Related Posts: Appraisal Fraud You might want to read this article.

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Valuation Legal Appraisal Development 128

Boston Appraisal

SEPTEMBER 22, 2020

The use of a property must be… Legally Permissible Physically Possible Financially Feasible Most Productive The goal of the real estate appraiser is to identify the use of the property that will be the absolutely most profitable use within legal, physical and financial boundaries.

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Legal Real Estate Retail Development 78

Appraisal Partners Blog

JANUARY 9, 2024

Reasons Why You Should Hire an Appraiser for Divorce Appraisal As discussed, hiring an appraiser plays an essential role in dividing assets and determining the fair market value of residential property.

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Appraisal Legal Market Value Property Appraisal 78

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

Appraisal Hub

JULY 26, 2024

Imagine you could get a report card for a home, highlighting each element that adds or subtracts value. Whether buying, selling, or refinancing a property, a meticulous and professional appraisal is essential to ensure fair market value. Knowing the property’s actual value ensures you make a sound financial decision.

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Valuation Buyers Market Value Appraisal 78

Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. Determining Asset Values for Financial Reporting Enhancing Financial Accuracy with Appraisals Accurate financial reporting is essential for businesses and individuals alike.

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Real Estate Appraisal Valuation Legal 68

Cleveland Appraisal Blog

APRIL 23, 2021

Decisions are best made when a person is “of sound mind and body” and can have their decisions legally documented. Davis, Woodland, and Arbuckle Market Update for April and a quick discussion of appraiser shortages – Yolo Solano Appraisal Blog. Tips for finding an appraiser in this crazy market – Sacramento Appraisal Blog.

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Appraisal Hub

SEPTEMBER 23, 2024

Understanding the Importance of Real Estate Appraisals A real estate appraisal evaluates a property’s market value professionally. Buyers can rest assured they’re getting a fair deal, and sellers can confidently set a price that reflects the market value. This makes the process smoother and more apparent for your family.

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Real Estate Appraisal Sellers Market Value 78

Boston Appraisal

SEPTEMBER 18, 2023

An accurate appraisal offers that indispensable foundational data, upon which assets can be split in a manner that is both fair and legally defensible. Facilitating Trust Transfers When assets are being transferred into a trust, precise appraisals are not just helpful; they are legally mandated.

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Real Estate Appraisal Legal Valuation 78