Housing Wire

AUGUST 13, 2024

To make matters worse, there has been no offer to pay you for your home’s fair market and sales value. Still, they seem particularly egregious when there is a low (or no) monetary offer because “just compensation” historically does not have to reflect the “fair market value.”

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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 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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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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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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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.

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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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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.

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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. Over time, this approach will help stabilize real estate markets previously dominated by distressed sales.

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Appraisal Buzz

SEPTEMBER 26, 2022

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.” To find market value, I first had to carefully study that pesky definition.

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Housing Wire

SEPTEMBER 20, 2024

Editor in Chief Sarah Wheeler sat down with Joshua Ernst, CEO of Backflip , to talk about the challenges of flipping real estate in today’s market and how the right technology can unlock opportunities in a country full of older homes. Sarah Wheeler: How did your background lead you to start Backflip?

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Housing Wire

AUGUST 31, 2023

and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd.

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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. Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete.

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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. Navigating appraisal challenges in today’s housing market. Appraiser shortage.

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Appraisal Partners Blog

MARCH 6, 2025

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. The appraisal establishes the fair market value of the property, typically as of the date of death. The valuation methodology used.

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Cleveland Appraisal Blog

MAY 26, 2023

They will analyze market conditions and they will look for comparable sales that have sold in the area of the subject property in recent months. If they end up too high, the home will likely sit on the market until the price is reduced. Now, imagine that a real estate agent values a property for the purpose of a divorce.

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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. Appraisals may even be used to appeal property taxes in declining markets.

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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

SEPTEMBER 6, 2024

statute or RESPA or the Consumer Financial Protection Act , are intended not only as consumer protection statutes but also market protection statutes that protect against unfair trade practices,” he added. Ewing of Federal Title & Escrow is one who believes that firms like Allied were capitalized far below fair market value.

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Miller Samuel

MARCH 19, 2019

In the original 2014 proposal by the Fiscal Policy Institute, the first item in the proposal is off to a bad start as they describe what happened in the market: These owners bid up the price of NYC residential real estate, and since they don’t spend much time in these units, contribute little to the local economy compared to full-time residents.

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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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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. Is The Real Estate Market Shifting? A sharp change in the housing market – Sacramento Appraisal Blog.

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Simonson Real Estate

JULY 10, 2020

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Examples: Owner-occupied properties don’t have a lease in place and so the property is appraised based on market rents. The value may be the same as fee simple, but the interest is identified as a leased fee.

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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. Click below to sign up or learn more.

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DataMaster

APRIL 6, 2021

The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. How Does the Appraiser Determine Value? What Is An Appraisal?

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Appraisal Hub

MARCH 20, 2025

In simple words, it is the estimate of a propertys value in the market. 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 dig deep.

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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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Birmingham Appraisal

JANUARY 29, 2025

By analyzing all three, appraisers get a well-rounded view of the markets activity. This approach is especially helpful in fast-changing markets. Pending sales can help us see the direction a market is taking during times of rapid increases or decreases in prices. Its important to understand that market demand determines value.

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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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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

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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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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AmeriMac

MARCH 15, 2025

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Clear valuations are essential for informed financial decisions in the dynamic real estate market. They consider property condition, special features, and neighborhood vibes in their valuation process.

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Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property.

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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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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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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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