Appraisal Buzz

MAY 20, 2024

However, markets fluctuate widely, particularly in high-demand markets with excellent schools or near desirable neighborhoods. Difficulty Finding Comps You might have difficulty finding comparable properties to base your valuation on in a buyer’s market. In a buyer’s market, such figures are rarely that perfect.

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Appraisal Marketing Valuation Sellers 370

Appraisal Buzz

OCTOBER 21, 2024

Be it for good or evil, the only way to quantify how much the improvements contribute to the market value of the underlying site, as if it were vacant, is via the analytics of the Cost Approach. And this requires the appraiser to collect, verify and analyze data to conclude a credible vacant site value.

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Market Value Renovations Valuation Appraisal 293

Housing Wire

MAY 25, 2021

HousingWire recently spoke with PCV Murcor Founder, President and CEO Keith Murray, and COO Cindy Nasser on how the appraisal process can be streamlined in today’s tight housing market. Presented by: PCV Murcor. In the traditional appraisal model, we ask appraisers to perform every single component of the valuation process.

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Appraisal Valuation Real Estate Modernization 370

Appraisal Buzz

DECEMBER 9, 2024

By applying these methods, appraisers can provide reliable, accurate valuations that reflect current market conditions and ensure the appraisal’s credibility and acceptance. Authors note: I may use time adjustments and market conditions adjustments interchangeably.

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Appraisal Marketing Valuation Tools 358

The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? Unfortunately, reality television shows aren’t the best platform for learning how to value a small business (or a company of any size). Question 1: Why do I need to understand business valuation?

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Valuation Business Buyers Market Value 147

Housing Wire

JUNE 11, 2021

An appraisal is a valuation of a property by a third party. 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. Sponsored content presented by Citibank, N.A.

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Inspection Appraisal Appraisal Process Buyers 459

Housing Wire

JANUARY 3, 2023

When it comes to establishing market value, I think the VA appraisal at present determines this as well as any other. When value is not achievable in the opinion of the appraiser — both Tidewater and Reconsideration of Value allow more protective flexibility for the borrower than any other loan type.

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Modernization Real Estate Agent Appraisal Process Reconsideration of Value 83

Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. When the appraisal review provides an estimate of value, including a concurrence of value, most states will require an appraisal credential. Quality Control and Quality Assurance .

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Real Estate Valuation Lending Appraisal 221

Housing Wire

AUGUST 3, 2023

McKinsey reports that the real estate industry will see a productivity gain of $110 billion to $180 billion, primarily in marketing and sales. Which real estate functions can AI outperform humans I asked GPT-4 about real estate valuation. It first explained how it was better than human agents.

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Real Estate Agent Real Estate Agents Tools 370

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g.

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Appraisal Law Development Valuation 309

Miller Samuel

MARCH 19, 2019

The market value of these properties will be based on a "comparable sale-based valuation method." which seems in direct conflict with state law since co-ops and condos are valued as rentals by state law in NYC. It taxes residential properties valued at $5 million and above in NYC, most of which are in Manhattan.

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Real Estate Law Development Investors 370

East Coast Appraisal

JULY 27, 2023

Investors employ diverse real estate appraisal and valuation methods that offer distinct benefits. Understanding these methods is essential for effective commercial and residential real estate valuation. Learn about the most common property valuation methods.

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Valuation Real Estate Market Value Property Taxes 52

The Robert Weiler Company

SEPTEMBER 16, 2021

The goal of a real estate valuation is to pinpoint the price and value of a property. The product of the real estate valuation – the commercial appraisal report – establishes the property’s value at a specific point in time. In addition, there are four main methods for calculating a commercial real estate valuation.

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Real Estate Appraisal Property Appraisal Valuation 147

Boston Appraisal

MAY 17, 2023

The process of determining a property’s market value is called a real estate appraisal. The appraiser also needs to be aware of the zoning regulations, city ordinances, and other restrictions that can affect the value of the property. the value opinion in an appraisal).

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Inspection Appraisal Construction Valuation 148

DW Slater Company

FEBRUARY 23, 2023

Closely studying our markets is very crucial in understanding current market value for appraisers. Not every market is the same. The charts presented here are just overall trends for all single-family homes in each county. Each specific market is different. Until we have more inventory, prices will hold.

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Inventory Marketing Supply Chain Appraisal 133

Realvals

JUNE 18, 2023

An appraisal can assist you in determining the value of real estate, personal items, and business interests. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries. An appraisal will provide you with the current market value of your real estate.

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Appraisal Property Taxes Real Estate Market Value 145

Housing Wire

NOVEMBER 5, 2023

This could be in the form of market updates, home maintenance tips, community news, or other helpful information. Offering value helps build trust and a positive reputation in the community. It makes me nuts when I see a real estate agent offering “free home valuation” as if that is something special. It’s a great time to sell.

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Real Estate Tools Real Estate Agent Agents 221

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. Your appraiser can accurately assess your property’s worth, considering your area’s latest market trends and comparable sales.

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Real Estate Buyers Sellers Appraisal 120

Simonson Real Estate

DECEMBER 6, 2022

On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 78

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies.

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Appraisal Marketing Market Value Development 99

D Fritz Appraisals

DECEMBER 16, 2022

These assessments provide a valuation of each property as of July 1 st in the previous year (So 2023 tax assessments are based on the value of homes on July 1 st, 2022). While the actual dollar valuation of the property is not the basis for your tax bill (i.e. Size of home in square feet. Number of rooms. Age of home.

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Property Taxes Valuation Appraisal Real Estate 114

Appraisal Hub

MAY 5, 2024

As a seasoned appraiser in the vibrant real estate market of Toronto, I’ve had the privilege of witnessing the ever-evolving landscape of property valuation. We are tasked with determining the fair market value of a property based on various factors such as location, condition, and comparable sales.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Appraisal Partners Blog

JANUARY 9, 2024

Reasons Why You Should Hire an Appraiser for Divorce Appraisal As discussed, hiring an appraiser plays an essential role in dividing assets and determining the fair market value of residential property. Conclusion Have you got divorced recently but are still stuck defending your assets?

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Appraisal Legal Market Value Property Appraisal 78

Simonson Real Estate

OCTOBER 23, 2020

COVID-19 Market Analysis – Insights and Impact Analysis. The client should be clear that the assessment is performed at a point in time and that the market value opinion is – as of a specific date – the effective date. Key Language in Letter of Transmittal.

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Appraisal Retail Tenants Real Estate 143

DataMaster

JUNE 15, 2023

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. The introduction of STRs presents a profitable opportunity for investors of all kinds. Appraising the going concern value is typically outside the scope of most residential appraisers.

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Appraisal Tenants Investors Business 148

Boston Appraisal

JUNE 24, 2019

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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Appraisal Real Estate Market Value Technology 78

Appraisal Hub

JUNE 17, 2020

Not only can it be emotionally draining—it also presents a host of practical problems. Even your divorce attorney will likely advise you have your house professionally appraised so you can get an iron-clad valuation. An appraiser in Toronto is an unbiased third-party that can provide information on the true value of your home.

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Appraisal Legal Valuation Market Value 78

Dart Appraisal

APRIL 9, 2021

Dart Appraisal often receives appraisal orders for properties located within transitioning markets, where commercial development is sprawling into residential areas. Whether the subject property is land or an existing residential structure, the appraisal concept of HBU determination becomes crucial in this type of valuation.

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Valuation Legal Clients Appraisal 68

Town & Country Residential Appraisals

FEBRUARY 26, 2024

My condo has an assessed value of $26,590, which implies a market value of $265,900 according to the common level ratio. Westmoreland County has not re-assessed since 1972 and is using these base year values for your property. With the current common level ratio at 10, take your assessed value and multiply it by 10.

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Property Taxes Market Value Appraisal Valuation 57

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.

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Contracts Appraisal Market Value Real Estate 64

The Robert Weiler Company

MARCH 15, 2021

Research the specialty property appraisals of those sales and adjust to current dollar values. The record might also indicate which comparison properties they used to reach their valuation. Taking an average or medium of the local valuation may not provide the definitive answer you’re looking for; however, it is a helpful start.

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Appraisal Property Appraisal Real Estate Buyers 158

Boston Appraisal

OCTOBER 27, 2023

Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date. Going to court: If all else fails, both parties can take their case to court and let a judge decide on the value of the property.

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Appraisal Property Appraisal Inspection Legal 78

Birmingham Appraisal

FEBRUARY 8, 2023

For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes. Whenever an appraisal waiver is used a traditional appraisal is not utilized to determine the market value of the assets the bank will be lending on.

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Realtors Appraisal Market Value Real Estate Agent 84

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.

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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.

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Appraisal Tips Appraisal Law Market Value 78

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.

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Real Estate Agent Real Estate Agents Appraisal 82

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. For the above reasons, it is very important for accurate valuations during the home-buying process.

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Agents Appraisal Real Estate Agent Bracketing 92