Housing Wire

NOVEMBER 29, 2023

However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. Finally, in the case of multiple undocumented heirs, there is a risk of tax sale if the parties disagree on who is responsible for taxes and the obligation is not set out legally.

Legal 459

Legal Law Property Taxes Government 459

Housing Wire

NOVEMBER 23, 2020

The report notes that widespread foreclosure moratoria in place do not apply to legally vacant or abandoned homes. In addition, the foreclosure sales rate is at a seven-year high, and REO bids-per-asset are at an all-time high. . year high in September.

Buyers 533

Buyers Real Estate Investors Retail 533

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 354

Market Value Appraisal Agents Real Estate Agent 354

Housing Wire

MARCH 1, 2024

“Whether or not the bonds were sold under ideal market conditions for the best possible price is irrelevant to the restitution calculation,” Parker said. Fluctuations in the market value of the bonds was foreseeable — even if direction and degree of change was not.”

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Government Legal Fees Market Value Legal 436

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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Real Estate Agent Real Estate Inspection Valuation 486

Boston Appraisal

MARCH 18, 2024

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

Legal 148

Legal Real Estate Appraisal Valuation 148

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 358

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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Investing Renovations Construction Development 476

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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Market Value Sellers Buyers Finance 321

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.

Inspection 459

Inspection Appraisal Appraisal Process Buyers 459

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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Appraisal Property Taxes Insurance Market Value 148

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 369

Realvals

FEBRUARY 10, 2025

These comparables or “comps” help determine the home’s value in the current market. The appraiser then weighs all factors to arrive at the appraised value. This figure represents the property’s fair market value. They are often required by lenders when someone applies for a mortgage.

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Appraisal Property Taxes Real Estate Market Value 78

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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Appraisal Real Estate Agent Real Estate Valuation 305

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 458

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.

Legal 148

Legal Real Estate Retail Market Value 148

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

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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Real Estate Technology Business Investing 441

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.

Buyers 208

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.”).

Inspection 374

Inspection Appraisal Technology Clients 374

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 Training 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.

Appraisal 312

Appraisal Law Development Valuation 312

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 […]

Law 78

Law Real Estate Investors Legal 78

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.

Inspection 148

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.

Real Estate 370

Real Estate Law Development Investors 370

GoForrmz

JANUARY 16, 2025

Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 Electronic signature tools allow construction businesses to speed up the signing process for contracts and other critical documents while maintaining legal compliance.

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Tools Construction Business Project Management 78

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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Appraisal Market Value Clients Design 221

Appraisal Hub

MARCH 20, 2025

Its like pricing a used car; you look at similar models, factor in mileage (or, in this case, renovations), and determine a fair market value. The Catch: What happens when the market is moving faster than past sales can reflect? They look for market trends, financial performance, and legal restrictions that could impact value.

Property Appraisal 78

Property Appraisal Appraisal Real Estate Investors 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

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.

Appraisal 78

Appraisal Legal Market Value Appraisal Process 78

Birmingham Appraisal

JANUARY 29, 2025

These appraisers provide valuations for various purposes, including estate planning, divorce settlements, tax appeals, and legal disputes. Whether its for a legal case or determining fair market value for an estate, these appraisers are just as important in providing accurate and reliable valuations.

Appraisal 63

Appraisal Appraisal Process Valuation Buyers 63

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.

Law 78

Law Real Estate Investors Legal 78

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.

Legal 78

Legal Real Estate Retail Market Value 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.

Real Estate 70

Real Estate Appraisal Valuation Legal 70

AmeriMac

MARCH 15, 2025

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Appraisals also aid in settling legal disputes and property tax matters, offering a consistent method to determine a property’s value for fair outcomes in various scenarios.

Appraisal 36

Appraisal Valuation Real Estate Appraisal Process 36

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