Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

Marketing 435

Marketing Real Estate Agent Clients Tools 435

Housing Wire

OCTOBER 15, 2020

Homeowners can now get a StreetEasy estimate of their homes’ current market value based on features that are unique to New York City, the company said. Homeowners start by claiming their home, then requesting an AI-powered estimate of their home’s current market value, an estimated price per square foot and monthly rent.

Valuation 370

Valuation Tools Market Value Real Estate 370

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. 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.

Inspection 459

Inspection Appraisal Appraisal Process Buyers 459

Appraisal Buzz

JUNE 10, 2024

of US home sellers reduced their asking price on average, representing the largest percentage since November 2022. And the average active listing has been on the market for 46 days, up 2.3% I’ve seen buyers get a home under asking price when it has been on the market for a few weeks. Home prices jumped 4.4%

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New Listings Sellers Mortgage Agents 397

Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. An AVM will use this sale record as part of the formula to estimate value.

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Appraisal Valuation Technology Training 505

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Combining the strengths of AI with the expertise and insights of real estate professionals could provide the best results in accurately assessing the market value of homes.” So how can real estate agents be so cavalier about their job?

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Realtor

NOVEMBER 7, 2023

This amount can change depending on market factors. If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for.

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Inspection Insurance Sellers Buyers 196

D Fritz Appraisals

MAY 13, 2024

Preparing Your Home for Sale Preparing your home for sale in British Columbia involves steps designed to enhance its appeal to potential buyers and ensure it is presented in the best possible light. Professional staging services can be employed for those seeking expert guidance, although many sellers undertake this process.

Real Estate 120

Real Estate Buyers Sellers Appraisal 120

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property.

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Renovations Buyers Appraisal Investing 221

Appraisal Buzz

DECEMBER 9, 2024

Understanding these nuances is crucial for ensuring that time adjustments accurately reflect changing market conditions. To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%. Active listings also provide insight into current seller and buyer motivations.

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Appraisal Marketing Valuation Tools 358

Appraisal Partners Blog

SEPTEMBER 24, 2024

Continue reading to see how a CMA is conducted and how it benefits both buyers and sellers. These factors can affect its market value. A well-maintained or updated home may hold more value. A well-maintained or updated home may hold more value. They provide a benchmark for the property’s value.

Home Value 78

Home Value Marketing Market Value Sellers 78

McKissock

JULY 6, 2022

Finally, have some type of presentation (I recommend print so they can read it as a follow-up to your appointment) that you can walk them through that describes a typical transaction from A-Z. Customize your presentation to fit the concerns you most often encounter with your clients. Expectation 2: Property Access.

Clients 87

Clients Real Estate Contracts Sellers 87

Padove Appraisal Service

MARCH 17, 2019

The spring real estate market is quickly approaching. This can be good news for both buyers and sellers. The summer months typically bring higher sale prices to sellers. As a seller, this pitfall can be avoided with a pre-listing appraisal. After weeks, and even months have gone by, sellers just want to sell.

Real Estate 78

Real Estate Sellers Buyers Appraisal 78

Housing Wire

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. In light of the recent NAR lawsuit outcome , seller leads are even more crucial. Companies like SmartZip can quickly and easily generate a list of potential home sellers based on data, not just a zip code. It’s a great time to sell.

Real Estate 221

Real Estate Tools Real Estate Agent Agents 221

The Robert Weiler Company

APRIL 20, 2021

They are: (1) the asset-based approach; (2) the earning value approach; and (3) the market value approach. The key is to apply the optimal approach for each business, based on the business’s capital structure, management, prospective future earnings, and market value. The market value approach.

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Valuation Business Buyers Market Value 147

Appraisal Hub

JUNE 22, 2023

Like any seller, you want to get the best deal and close quickly. Real estate appraisal companies can guide you in pricing your property accurately and fairly so that it doesn’t stay too long in the market. Their report can also reveal what repairs you can do to potentially increase the value of your home.

Appraisal Tips 78

Appraisal Tips Real Estate Appraisal Sellers 78

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. Your offer will only become legally binding if the seller signs it.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Recent Comparable Sales: Appraisers analyze recent sales data of comparable properties in the area to provide a market-derived opinion of value.

Real Estate Agent 82

Real Estate Agent Real Estate Agents Appraisal 82

Realvals

JUNE 18, 2023

An appraisal will provide you with the current market value of your real estate. In some cases, if you and your spouse cannot reach an agreement on the value of your shared property, a court may require a professional appraisal. You’ll learn the current market value, and even valuable income info if requested.

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Appraisal Property Taxes Real Estate Market Value 145

McKissock

JANUARY 31, 2023

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Will Springer Realtor

FEBRUARY 27, 2024

One scheme growing in popularity involves “title pirates,” fake sellers who convince a buyer, real estate agent and/or title company that the “sellers” own a property and want to get rid of it quickly. Embassy/Consulate official will review IDs when the seller is staying abroad. No response equals no sale.

Real Estate 63

Real Estate Sellers Real Estate Agent Technology 63

McKissock

OCTOBER 12, 2021

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” Who might buy it?

Appraisal 84

Appraisal Market Value Investors Buyers 84

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. When contract prices and value often differ. I’ve also paid far less than a property’s market value because a seller was vulnerable or desperate to sell.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

McKissock

FEBRUARY 21, 2023

Invest in your professional development with one-hour, non-credit webinars presented by experts. If you are still a few years from retirement, find out the approximate current market value of your business, and start looking for ways to increase that value. It will certainly be much less than the fair market value.

Business 77

Business Appraisal Real Estate Market Value 77

McKissock

SEPTEMBER 7, 2020

If you have a tough listing that keeps acquiring more and more days on the market, it can be frustrating for both you and your seller clients. Think about what you can do to help your sellers realize they need to either make some updates to the home or lower the price. #2: 2: Manage the process carefully. 3: Don’t give up.

Marketing 59

Marketing Real Estate Real Estate Agent Sellers 59

Birmingham Appraisal

AUGUST 8, 2023

Set it too low, and you may lose out on the true value of your property. A pre-listing appraisal performed by a professional appraiser can provide you with an unbiased and accurate assessment of your home’s market value. Armed with this knowledge, you can confidently set a fair and competitive price right from the start.

Appraisal 82

Appraisal Buyers Real Estate Investing 82

Lamacchia Realty

JULY 24, 2024

At present, there are a few ways to legally transfer property titles between family members. A notary public, appointed by the state government in charge of the state in which the property is located, must review the document and be present when both parties sign. In most cases, the seller is responsible.

Legal 71

Legal Real Estate Sellers Government 71

Lamacchia Realty

JULY 22, 2022

This Lamacchia Mid-Year Housing Report presents overall home sale statistics as of the first six months of 2022 compared to the same period last year, January 1 st to June 30 th , 2021. It’s normal to see a pull back for a little while when the market shows a change like a jump in rates , but real estate is a need-based market.

Sellers 73

Sellers Buyers Inventory Contracts 73

Birmingham Appraisal

FEBRUARY 20, 2024

The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible. While the agent acts on behalf of their seller, it is important for their pricing strategy to also be based on the most up-to-date and accurate market data.

Agents 92

Agents Appraisal Real Estate Agent Bracketing 92

Genworth MI Blog

JUNE 27, 2019

Since appraisers are imperfect and operating in markets with imperfections, it is appropriate for mortgage lenders to ask legitimate questions of the appraiser and present additional appropriate information for the appraiser’s consideration, when needed. Market value has some key elements that we must understand.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Since appraisers are imperfect and operating in markets with imperfections, it is appropriate for mortgage lenders to ask legitimate questions of the appraiser and present additional appropriate information for the appraiser’s consideration, when needed. Market value has some key elements that we must understand.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Will Springer Realtor

FEBRUARY 1, 2022

Sellers have the option to review offers on their home upon receipt of the bid or in the future, better known as an “offer review date.”. In a hot sellers’ market, establishing a date to examine bids – especially on a popular home in a desired neighborhood – is a common strategy and one that can generate a frenzy among buyers.

Real Estate 36

Real Estate Sellers Buyers Inspection 36

Lamacchia Realty

JULY 28, 2021

This Lamacchia Mid-Year Housing Report presents overall home sale statistics as of the first six months of 2021 compared to the same period last year, January 1 st to June 30 th , 2020. Condos increased 17.8%, moving from 22,333 to 39,670, signaling a very strong market currently for this category.

Inventory 68

Inventory Buyers Sellers Marketing 68

Will Springer Realtor

OCTOBER 19, 2021

The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). Yes, “crap!”

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

The Robert Weiler Company

MARCH 15, 2021

For our sellers, our most common challenge is assessing a building’s value in the absence of comparable structures and data. As such, commercial real estate sales are sure to benefit, driving competitive appraisal values with eager buyers and sellers waiting in the wings.

Appraisal 158

Appraisal Property Appraisal Real Estate Buyers 158

Boston Appraisal

AUGUST 17, 2023

In such cases, appraisals may not reflect the true market value of the property or the fair compensation for the damages. Present an alternative appraisal with a different result: If possible, obtain a second opinion from another qualified and experienced appraiser who can provide you with a new appraisal on the subject property.

Clients 78

Clients Appraisal Market Value Property Taxes 78

Quicken Loans

JUNE 8, 2021

Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. Sellers (i.e., If multiple buyers put in bids on a home, sellers are more likely to work with buyers who’ve already been preapproved for a mortgage (all things being equal). Buying at this stage can be tough, though.

Real Estate Agent 72

Real Estate Agent Inspection Government Real Estate 72