George Dell

NOVEMBER 8, 2023

Market value or comparable value? It means we form market value opinions. Specifically, credible market value opinions. It means, therefore, worthy of the market’s belief since the market is […] The post Market Value Or Comparable Value? What does that mean?

Market Value 195

Market Value Marketing 195

George Dell

MARCH 22, 2023

No, wait – value is what I am willing to pay for something. Editor’s Note: This is Part 2 of Market Value or Other Value. I threaten to take a bite […] The post Devalue Market Value? Well, sorta. I have an apple. You want one. Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.

Market Value 195

Market Value Marketing Appraisal 195

George Dell

AUGUST 21, 2024

In recent discussions surrounding the accuracy of home appraisals, a critical flaw has emerged in the prevailing narrative: the assumption that the contract price is the correct value of a property. This misconception […] The post Is Contract Price Market Value? appeared first on George Dell, SRA, MAI, ASA, CRE.

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Market Value Contracts Marketing Appraisal 195

George Dell

MAY 5, 2021

Market value for home loans in the United States is precisely defined. The understanding of “market value” is the single most important concept defining what appraisers do. The post Market Price or Market Value Or? appeared first on George Dell, SRA, MAI, ASA, CRE.

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Market Value Marketing Sellers Buyers 195

George Dell

NOVEMBER 22, 2022

Editor’s Note: Is the Definition of Market Value Outdated? Why has the current definition of market value been around without change for so long? The post Is the Definition of Market Value Outdated? is a Guest Post from Bruce Hahn, SRA, MAI, CRE, CCIM. Many decades in fact!

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Market Value Marketing 195

George Dell

APRIL 5, 2023

Editor’s Note: This is Part 3 of Bruce Hahn’s series on Is the Definition of Market Value Outdated? In Part One and Part Two we asked why the current definition of market value has been around without change for so long? Part III appeared first on George Dell, SRA, MAI, ASA, CRE.

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Market Value Marketing 195

Appraisal Buzz

JANUARY 19, 2022

In today’s Buzzcast, we dive into market value and how appraisers are moving forward in the new year. We’ll be getting the inside scoop while they discuss market value and this upcoming year in the industry. What are the important issues regarding market value that lie ahead in the year 2022?

Market Value 195

Market Value Marketing Appraisal 195

George Dell

MARCH 29, 2023

In Part One we asked why the current definition of market value has been around without change for so long? We focused on item 4 in the current definition of market value which says: “payment is made in terms of cash in U. Part II appeared first on George Dell, SRA, MAI, ASA, CRE.

Market Value 195

Market Value Marketing 195

George Dell

NOVEMBER 10, 2021

Everyone knows what’s a market — (or do they)? Market Value is the ultimate goal of appraisals, of AVMs, of evaluations, of BPOs, hybrids, exceptions, and all forms of opinions (everyone has one). So, market value must be based on “the market”! To measure it, we must first know what it is.

Market Value 195

Market Value Marketing Appraisal 195

Appraisal Buzz

DECEMBER 14, 2021

The post Market Value: Who Says What It Is? Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection. On the way he needed to drop off an appraisal report to a lender client. He handed the report to his client. appeared first on Appraisal Buzz.

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Market Value Marketing Property Appraisal Clients 195

Eyes on Housing

SEPTEMBER 22, 2022

1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter. The market value of owner-occupied real.

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Market Value Real Estate Marketing Mortgage 187

Eyes on Housing

JUNE 11, 2021

1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that, in the first quarter of 2021, the aggregate market value of all owner-occupied real estate in the United States registered the largest numerical quarterly increase in the last 20 years’ worth of data. The latest results from the Federal Reserve’s Z.1

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Market Value Real Estate Marketing Mortgage 193

Cleveland Appraisal Blog

JULY 20, 2022

It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

JULY 26, 2024

A controlled transaction can be subject to tighter IRS scrutiny, especially if the property is sold below fair market value. However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed.

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Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

SEPTEMBER 8, 2023

This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. Future ARV (after-remodeled value): The projected market value post-renovations.

Real Estate Agent 448

Real Estate Agent Tools Real Estate Agents 448

Inman

FEBRUARY 22, 2023

In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession.

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Market Value Marketing Real Estate Home Value 148

Housing Wire

JANUARY 23, 2024

With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said. . — a provider of property data and valuation technology solutions.

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Valuation Market Value Clients Technology 468

Housing Wire

AUGUST 1, 2024

of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. In addition, the number of homes with a mortgage balance of more than 25% of the property’s estimated market value — or “seriously underwater” — fell from 2.7%

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Market Value Home Value Housing Market Buyers 482

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. Probably not.

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Market Value Appraisal Agents Real Estate Agent 350

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Market Value Appraisal Buyers Marketing 418

Appraisal Buzz

NOVEMBER 14, 2024

While still above market value, homebuyers are only paying a 4.8% Sync Your Calendars ATTOM found that other days of the year offering lower premiums for homebuyers included October 2 (5% premium above market value); December 24 (5.1% premium above market value) October (7.4% premium, compared to the 14.6%

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Market Value Buyers Valuation Marketing 368

Inman

SEPTEMBER 27, 2023

The value of U.S. housing has reached a new peak of slightly under $52 trillion in the past year and is up 49 percent from the start of the pandemic, according to Zillow. Gains were driven in large part by an increase in new construction.

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Market Value Housing Market Construction Marketing 179

Sacramento Appraisal Blog

JUNE 21, 2021

A couple weeks ago a viral story came out about a fund called BlackRock who was reported to be buying everything in sight and paying 20-50% above market value. Market update on […]. Let’s talk about this as well as other institutional investors right now. This is a longer post, so scroll topics (or digest slowly).

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Investors Housing Market Marketing Market Value 407

Housing Wire

MARCH 23, 2021

would give the brokerage a “fully diluted market value of $12.5 Reuters and other outlets Tuesday morning pegged Compass’s hoped-for market value at $10 billion. billion market value. It is not clear when exactly Compass plans to go public. A successful sale of stock at $24.50 at the end of Monday.

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Valuation Marketing Brokerage Market Value 440

Appraisal Buzz

AUGUST 8, 2024

While San Francisco’s aggregate home value is approximately $700 billion, when combined with neighboring Oakland and San Jose, the Bay Area’s total market value nears $2.5 New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year.

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Valuation Housing Market Marketing Home Value 417

Appraisal Buzz

APRIL 4, 2024

The report analyzed property tax data collected from county tax assessor offices nationwide at the state, metro and county levels along with estimated market values of single-family homes calculated using an automated valuation model (AVM).

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Property Taxes Government Market Value Valuation 368

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often?

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

SEPTEMBER 17, 2020

LoanDepot, backed by Parthenon Capital Partners, announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.” ” At the time, loanDepot had sought a market value of $2.4 billion to $2.6

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Market Value Lending Mortgage Marketing 535

Appraisal Buzz

JULY 18, 2022

In Lancaster City, for example, we must be weary that any sale going under agreement in less than 2 weeks in the current market is reflective of “market value.” The post Market Correction or Seller Panic? These concepts are what appraisers refer to as the relationship between “exposure time” and “conditions of sale.”

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Sellers Marketing Market Value Home Value 435

Housing Wire

APRIL 1, 2021

Compass’s hoped-for market value is $7.2 Wedlake hypothesizes that Compass will enjoy a greater market value than Realogy , arguably its most apples-to-apples competitor, which has a market cap of $1.8 Presented by: Proctor Loan Protector. billion.

Brokerage 429

Brokerage Market Value Real Estate Agents 429

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.

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Mortgage Design Architecture Market Value 427

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 447

Housing Wire

OCTOBER 24, 2024

Helping the seller understand the true market value of the home given the condition can also be a challenge. After-repair value is the estimated market value of a property in fully repaired condition. That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan.

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Retail Buyers Renovations Finance 448

Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised.

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Appraisal Market Value Real Estate Clients 405

Housing Wire

JANUARY 9, 2023

Home price correction likely nationwide and in majority of markets. Foreclosure auction buyers on the Auction.com platform purchased at an average discount of 29% below estimated “as-is” market value in the fourth quarter of 2022, up from 23% in the third quarter and up from a pandemic low of 9% in the first quarter of 2021.

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Retail Sellers Buyers Market Value 505

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 488

Housing Wire

FEBRUARY 14, 2024

Moreover, low-priced homes have more potential for value increases as the stock of low-priced homes is both limited and coveted. “I I get tons of emails every day from investors looking for properties, but of course, they only want homes that are under market value, which are hard to come by.

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Real Estate Investors Real Estate Agent Market Value 521