Appraisal Buzz

AUGUST 7, 2024

Although deed fraud can include a variety of real estate-related crimes, most schemes involve the impersonation of a property owner and the recording of fake or forged documents in local land records. These crimes result in legal costs, reduction in equity or property value and even property loss.

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Law Real Estate Government Realtors 397

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Summary, What Does it Mean? I do several reviews every month and most normally fail to meet minimum standards.

Valuation 360

Valuation Contracts Appraisal Legal 360

Housing Wire

NOVEMBER 9, 2020

The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles. All states — except Illinois and New York — have legalized electronic transactions, signatures and notarizations by enacting the Uniform Electronic Transactions Act (UETA).

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Law Legal Technology Real Estate 468

Appraiserblogs

AUGUST 1, 2022

Her experience as a licensed real property appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach. Are Bifurcated Appraisals Legal in Your State? Who would have thought it?

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Legal Training Property Appraisal Law 145

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do?

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Appraisal Market Value Legal Property Appraisal 353

McKissock

MARCH 17, 2023

Steps to become a supervisory appraiser Step 1: Meet the requirements Make sure you meet the minimum supervisory appraiser requirements outlined in The Appraisal Foundation’s Real Property Appraiser Qualification Criteria as well as any additional state requirements that may apply.

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Appraisal Training Property Appraisal Real Property 97

Valuation Review

NOVEMBER 8, 2021

This is in conjunction with policies established by The Appraisal Foundation’s Appraisal Standards Board and the Appraiser Qualifications Board.

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Appraisal Legal Property Appraisal Real Property 78

The Robert Weiler Company

JANUARY 2, 2021

As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their real property. Land contracts give the buyer the opportunity to inhabit the property immediately. No legal title. Who legally owns the property for sale?

Contracts 143

Contracts Tenants Legal Sellers 143

Town & Country Residential Appraisals

MARCH 27, 2023

Moving it would mean it wasn't attached to a permanent foundation and therefore, is viewed more as personal property and not real property. Additionally, the manufactured home must be a one-unit dwelling that is legally classified as real property and cannot include an accessory dwelling unit.

Finance 56

Finance Real Property Legal Buyers 56

Cleveland Appraisal Blog

AUGUST 25, 2022

When you’re about to buy your first real property outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. This is especially the case if your goal is to break into real estate. Decide on How to Proceed.

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Investing Renovations Landlords Real Estate 332

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., fee simple, leased fee, etc.) population, news articles, economic data, internet searches, etc.) population, news articles, economic data, internet searches, etc.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction.

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Real Estate Contracts Law Real Estate Agent 392

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

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Development Sellers Legal Home Value 69

The Colorado Real Estate Blog

AUGUST 31, 2017

Historically, when real property changed ownership, the seller brought the buyer a handful of dirt from the land to symbolize that the title was transferred. Now, instead of dirt, legal documents called deeds are used to convey the title of real property from one person or entity to another.

Real Estate 36

Real Estate Real Property Legal Sellers 36

Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. It is beneficial and can save time and avoid follow-up questions and scope of work revisions to identify the actual property to be appraised. Value Scenarios.

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Appraisal Process Appraisal Market Value Tenants 148

Lamacchia Realty

APRIL 4, 2024

When it comes to real property (including a home or land), there are different kinds of ownership that help the courts determine who the executors of an estate sale will be: Sole Ownership – This is when a property is owned by one individual. They will be your best resource for the legalities of an estate sale.

Tenants 57

Tenants Realtors Legal Real Estate 57

Cleveland Appraisal Blog

MAY 26, 2023

HIGHEST AND BEST USE Appraisers also must determine the Highest and Best Use of a property. We must determine if the current use is legally permissible. Therefore, we must find out what the property is zoned and then read the ordinances and consider market trends, and even future changes to zoning in order to make this determination.

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Appraisal Real Estate Agent Real Estate Agents 301

Will Springer Realtor

AUGUST 2, 2022

COVENANTS, CONDITIONS & REGULATIONS: Better known as CC&Rs , they are a declaration of rules and restrictions on property owners – typically seen within a shared living community such as a condominium. EASEMENTS: An irrevocable right to use some part of another person’s real property for a particular purpose.

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Easement Sellers Legal Buyers 36

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 2 requires honest communications regarding a seller’s property. This includes “opinions of real property value or price.”

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Empire Appraisal Group

JULY 1, 2021

While appraisers can’t discuss comparable properties, Bradley said agents can still provide MLS data sheets with brief explanations of why similar homes are relevant to your listing, such as whether they were built by the same builder, have a remodeled kitchen, or involve other comparable elements.

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Agents Appraisal Real Estate Realtors 78

McKissock

JUNE 21, 2022

Making a very long story short, an enterprising individual investor discovered the gap and legally acquired that 8-foot strip between the lots and the water’s edge. Among the rights that come with real property ownership is the right to exclude others. They erected signs prohibiting public access.

Appraisal 88

Appraisal Investors Legal Development 88

McKissock

FEBRUARY 16, 2021

To estimate the real property value for the purpose of one or more partners acquiring the interest of other partners in a proposed or existing building’s ownership. For real estate tax assessment purposes. To establish value of the real property in a bankruptcy filing.

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Appraisal Tenants Construction Renovations 96

MN Real Estate Services

FEBRUARY 4, 2017

When Emotions Are Raw, and Trust Is Low, You Need a Real Estate Appraisal That Could Stand Up In Court If It Had To. Your client is going through divorce and there is real property involved. You contact Minnesota Real Estate Appraisal Services LLC in Minnesota and get them to do an Appraisal that both parties can trust.

Real Estate 78

Real Estate Appraisal Real Property Valuation 78

The Robert Weiler Company

SEPTEMBER 30, 2020

It isn’t clear who owns the appraised property. City or federally owned property is being evaluated. The physical, legal, or economic descriptions of the property are in question. Further, a property appraisal reviewer should have experience with the type of property that the professional is reviewing.

Real Estate 137

Real Estate Appraisal Valuation Property Appraisal 137

Cleveland Appraisal Blog

APRIL 21, 2022

Consequently, they are not likely to disclose any negative information about their property that they do not legally have to disclose. So, while it may be true that the property value is diminished in the eyes of the homeowner, it’s probably not in the eyes of most buyers.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

Boston Appraisal

MAY 27, 2019

Not only are they grieving, but they must also take care of the legal obligations and paperwork necessary to settle the deceased’s estate. And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority. What Is an Estate Appraisal?

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Appraisal Real Estate Valuation Market Value 78

Lamacchia Realty

DECEMBER 18, 2023

I’m completely blanking on a transition sentence WOW Expertise and Specialized Knowledge REALTORS® are a wealth of knowledge in all areas of a real estate transaction. They consistently keep up with how the market is performing, trends, and property values.

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Realtors Agents Real Estate Agent Real Estate 74

Appraisal Today

JULY 12, 2024

At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? The 1007 was not designed for appraising single-family properties that are used as STRs. In response, the AQB has recognized that this request is just one aspect of a broader inquiry.

Appraisal 69

Appraisal Design Contracts Business 69

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. What is an appraiser expected to analyze and give an opinion on?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Town & Country Residential Appraisals

JULY 25, 2022

Typically, the supervisory appraiser has been involved in the comparable selection, the analysis and the final estimate of market value.

Real Estate 58

Real Estate Training Appraisal Inspection 58

Simonson Real Estate

DECEMBER 6, 2022

It is very helpful and can save time and avoid later questions and scope of work revisions to identify the actual property to be appraised. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Key Appraisal Items to Communicate. Clarify What Value or Values are Needed.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Hood Homes Blog

SEPTEMBER 23, 2019

SELLER’S DISCLOSURE OF PROPERTY CONDITION. (a) Failure to disclose a property condition can easily turn into a legal issue, even long after the closing. The seller’s disclosure is important and necessary from a legal perspective. Texas Seller’s Disclosure Law. Update to Sellers Disclosure Notice.

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Inspection Sellers Law Agents 54

Housing Wire

OCTOBER 9, 2023

According to the Illinois Department of Financial and Professional Regulation (IDFPR)’s Division of Real Estate, there is no “real estate salesperson” or “real estate agent” license in Illinois. Anyone who wants to buy and sell real estate in Illinois must possess a real estate broker license. [1]

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Real Estate Agent Real Estate Agents Brokerage 433

Appraisal Today

APRIL 1, 2023

Appraisers are often subpoenaed in legal disputes involving third parties, usually being tied to the dispute for no other reason than having appraised a property involved in the dispute. This statement definitely applies in the appraisal of real property. Is it always dollar for dollar? Sometimes it is.

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Appraisal Business Marketing Mortgage 52

The Robert Weiler Company

OCTOBER 15, 2021

A full accounting of each service performed on the commercial property, pertaining to maintenance, operation, and repair. A record of insurance information, including existing policies and any pending or previous claims made against the commercial property. A good commercial real estate investment cannot rely solely on trust.

Investing 138

Investing Real Estate Tenants Investors 138

Property Metrics

DECEMBER 10, 2021

1031 ), which defines the conditions for tax deferral on the sale of real estate. In other words, taxes can be deferred on the profitable sale of a commercial property as long as the proceeds are “exchanged” into a new property of “like kind” that is held for investment purposes.

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Investors Market Value Investing Real Estate 36

The Robert Weiler Company

SEPTEMBER 7, 2022

A land contract is a legal agreement used to purchase real estate through owner financing. A land contract is similar to a mortgage but instead of borrowing funds from a bank or lender, the buyer borrows from the real estate owner. Landowners’ payments from farming leases can help cover management expenses (e.g.,

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Marketing Real Estate Investing Retail 78