D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a legal document that determines fair market value for a property. Appraisals are not only important for the house-buying process, but they are also used for financial loans, property tax appeals and some legal processes. What is an Appraisal, and Who Pays for it?

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Appraisal Inspection Appraisal Process Legal 108

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Process Real Estate Appraisal Renovations 78

Dart Appraisal

APRIL 9, 2021

The Dictionary of Real Estate Appraisal defines Highest and Best Use (HBU) as “The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value.” Maximum productivity.

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Valuation Legal Clients Appraisal 68

Appraisal Today

FEBRUARY 28, 2025

Real estate appraising is a complex practice that requires a diverse range of skills and knowledge, from understanding current market conditions to understanding and interpreting complex legal and financial documents. However, becoming a successful real estate appraiser requires more than mere market knowledge.

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Appraisal Real Estate Contracts Training 55

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? There is a difference.

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Real Estate Agent Real Estate Clients Agents 94

Birmingham Appraisal

MAY 2, 2023

This type of appraisal is often used for estate and tax purposes, as it can help establish the market value of a property at a prior point in time. The appraiser will review a variety of data sources to determine the market value of the property as of the effective date of the appraisal.

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Appraisal Market Value Inspection Real Estate 52

Lamacchia Realty

SEPTEMBER 5, 2023

Ask that agent to refer you to a trusted REALTOR®, likely within their brokerage, to handle this transaction to mitigate any of those concerns. If you’re interested in finding out the current market value of your home, click here for our free and instant home evaluation tool.

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Realtors Real Estate Agents Open Houses 74

The Robert Weiler Company

OCTOBER 21, 2022

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 5: Why are commercial property appraisals important?

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Real Estate Appraisal Property Appraisal Valuation 60

McKissock

FEBRUARY 21, 2021

Specifically referring to things like the time and cost to maintain the property, as well as any taxes and levies that might come with it. Of course, the type, location and value of the property can contribute to the previously-spoken of headache. Or it may even involve a loan that was taken out and securitized by the property.

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Real Estate Agent Property Taxes Real Estate Legal 56

Birmingham Appraisal

JUNE 19, 2024

Real-Life Applications of Confidentiality in Appraisal Let’s consider a few scenarios where confidentiality plays a critical role in the appraisal process: Mortgage Refinancing- When refinancing your mortgage, the lender will require an appraisal to determine the current market value of your property.

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Appraisal Appraisal Process Clients Real Estate 83

Eppraisal

MAY 5, 2023

Getting to that point, as with the other uses, means addressing issues of legal status, financial capacity to effectuate the remodeling; and home value before and after the proposed reconstruction. Local zoning boards and planning commissions each have their own references and criteria when it comes to the build-out of a home office.

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Business Finance Home Value Construction 36

PennyMac

AUGUST 31, 2024

In real estate, "closing" refers to the final step in the home-buying process. During closing, you’ll need to carefully review, approve and sign numerous legal documents that officially transfer ownership of the property to you. It protects both the buyer and lender's investment by independently assessing the property's value.

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Inspection Real Estate Agent Sellers Legal 36

AmeriMac

JANUARY 15, 2024

A home appraiser is a qualified professional who evaluates the value of a property. They consider various factors such as the property’s size, condition, location, and comparable sales data to determine its market value. Retain a copy of the report for future reference and record keeping.

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Appraisal Appraisal Process Valuation Real Estate 36

Property Metrics

DECEMBER 10, 2021

1031 Exchange” is a colloquial reference to Section 1031 of the United States Internal Revenue Code (26 U.S.C Value : IRS rules state that the market value and equity of the replacement property must be the same as, or greater than, the value of the relinquished property. What is a 1031 Exchange?

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Investors Market Value Investing Real Estate 36

Appraisal Today

AUGUST 23, 2024

Investors use them to evaluate the value and risk of potential investments. Attorneys order reviews to support legal matters involving property valuation, including disputes and condemnation cases. Insurance companies use them for verifying property values in underwriting and claims. The book is still relevant in 2024.

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Appraisal Contracts Investors Property Appraisal 71

Valuation Nation

AUGUST 2, 2021

Identification of the Problem to be Solved: This review is intended to assist the client and intended users in understanding the development and reporting of the market value report under review. That would be the CEO, two members of the legal counsel and possibly the person that started the process.

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Appraisal Design Development Legal 40

Appraisal Today

OCTOBER 25, 2024

The homeowner filed a complaint with Department of Housing and Urban Development (HUD), which found that there was probable cause of Fair Housing Act violations and referred the case to the DOJ. After the homeowner raised concerns of discrimination, Rocket Mortgage canceled the refinance.

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Appraisal Contracts Real Estate Mortgage 79

Property Metrics

MARCH 13, 2025

Requires advanced underwriting, deal structuring, capital-raising, project management, and investor relationsplus the ability to lead teams and navigate complex legal/regulatory issues. Distinguishing between market value and investment value is key to smart deal-making. Risk Management: Uncover hidden issues (e.g.,

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Real Estate Investing Tenants Investors 36

Housing Wire

OCTOBER 10, 2023

One can’t spend more than the reasonable market value, must also use these services and actually receive them. “The line of what is legal and illegal depends on who is running the CFPB,” Steve Murray, partner at RealTrends Consulting , said. But that comes with some caveats.

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