Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. Therefore, when searching for comps, agents should factor in the impact of the local school system on property values. Today I thought I would share the search criteria I use and the reasons for each of them.

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Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Property Metrics

MAY 28, 2021

In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants. Modern tenants require high speed internet connections, strong cellular reception, advanced security features, and modern audio/video capabilities.

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McKissock

DECEMBER 21, 2021

A little bit of friendly competition encourages bidders to commit to properties they love, which increases the chances of your home selling at market value or above. Does your audience appreciate more modern decor? They inspire a sense of urgency with a drop-dead date for possible purchase being the day of the auction.

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PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

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Birmingham Appraisal

OCTOBER 9, 2024

An appraiser can provide an unbiased valuation based on market conditions, comparable sales, and the unique characteristics of the property. By aligning the price with its true market value, you make the home more competitive and attractive to buyers who are already watching their budgets.

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Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M It’s important to understand the difference between updates and renovations.

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AmeriMac

JUNE 15, 2024

Key Highlights Real estate investment properties require accurate appraisals to determine their market value and potential return on investment. Making improvements to the property can positively impact its appraisal value and attract potential buyers or tenants.

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AmeriMac

NOVEMBER 15, 2024

The appraiser is a neutral third party who honestly assesses the home’s market value. They give an objective view of a home’s value. It makes sure the agreed sales price matches the home’s actual market value. Homes in good neighborhoods with busy markets usually have higher values.

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Appraisal Appraisal Process Real Estate Market Value 36

Eppraisal

NOVEMBER 19, 2024

As sustainability becomes a focal point in home design and renovation, homeowners are increasingly investing in green upgrades. These enhancements not only benefit the environment but also offer financial savings and improve property value.

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Eppraisal

SEPTEMBER 3, 2024

Staying on top of these maintenance tasks not only preserves your home’s functionality but also its market value. Upkeep for Long-Term Value In addition to routine maintenance, regular upkeep is crucial for maintaining your home's appearance and value.

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Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. By Dallas T. . built in 2000.

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Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability. Worth reading.

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Listing Spark

MARCH 15, 2022

A fresh coat of paint or some new furniture can go a long way in making your home look more modern and appealing. Don’t do any major renovations or updates before the appraisal. Don’t do any major renovations or updates before the appraisal. What will hurt my appraised value? Stage your home correctly.

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Listing Spark

SEPTEMBER 23, 2024

Tech-enabled platforms: Combine aspects of traditional and FSBO methods with modern technology. These platforms act as your guide through the complex world of real estate transactions, offering the expertise of an agent with the efficiency of modern tech. Use vivid, descriptive language that paints a picture for potential buyers.

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Buyers Real Estate Agent Modernization Real Estate 36

Appraisal Today

FEBRUARY 16, 2024

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” acre lot A unique home with modern architectural features seldom seen in a suburban setting. This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac.

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Appraisal Contracts Training Architecture 81

Housing Wire

APRIL 25, 2022

Minority homeowners are paying more for public services relative to the market value of their homes, the researchers wrote, a dynamic the researchers demonstrated in all but a handful of states. That data is then fed to a software program that uses a proprietary model to calculate the property’s value. Taxpayers revolt.

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