Remove Local Properties Remove Market Value Remove Marketing
article thumbnail

Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. These methods provide a solid foundation for demonstrating how changing market conditions affect property values over time.

Appraisal 358
article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

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. While buyers can request a second appraisal, the lender decides whether to push it through.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

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.

Appraisal 370
article thumbnail

3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. The lender hired the appraiser as an independent third-party to provide a non-bias estimate of value. Reason #2: Lack of Market Data.

Appraisal 148
article thumbnail

3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. The lender hired the appraiser as an independent third-party to provide a non-bias estimate of value. This lack of data can, unfortunately, slightly skew the true market value.

article thumbnail

Consider These Factors When Choosing a Real Estate Appraiser

East Coast Appraisal

An accurate appraisal can help: A buyer to avoid overpaying for a property A seller to ensure they get a good price for their property A lender to avoid lending more than the property's fair market value Property buyers, sellers, and lenders enjoy these benefits if they work with the right appraiser.

article thumbnail

Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

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?