Appraisal Buzz

JULY 18, 2022

Based on the above, it follows that the sellers in my scenario are doing themselves a disservice by not leaving their home on the market for a longer period of time. I would qualify the sellers acceptance in my example as irrational and atypical given a stabilizing market. So, how do you comp in this market? 1] [link]. [2]

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Sellers Marketing Market Value Home Value 435

Appraisal Buzz

OCTOBER 4, 2024

Almost every survey respondent agreed that trash, junk, or excessive clutter, either outside or inside a seller’s home, decreases a home’s market value. About half of them estimated that said disarray would result in a “significant” property value decrease. Another 28% estimated a 15% to 25% decrease.

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Home Value Real Estate Agent Sellers Real Estate 397

Riverfront Appraisals

APRIL 20, 2023

This blog is dedicated to the countless homeowners who, as we’re finishing up with the appraisal inspection, ask “well, is there anything I can do to increase the value of my home?” Realtors, you’ll also benefit from this post because I’m sure you get asked that all the time as well! appeared first on Riverfront Appraisals.

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Market Value Inspection Marketing Realtors 114

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. It’s] essentially redlining — neighborhoods of predominantly people of color are given lower market value,” said one non-appraiser respondent.

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Appraisal Logistics Valuation Appraisal Process 370

Housing Wire

MAY 26, 2023

The property is then listed, typically below market value to generate interest in the listing. You hear about people getting duped by people pretending to be title companies or Realtors and directing parties within the transaction,” said David Kennedy, the CEO of Fidelity Land Title Agency of Cincinnati. billion, up from $6.9

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Sellers Real Estate Realtors Real Estate Agent 397

Housing Wire

NOVEMBER 30, 2021

Zillow had a market value of $48 billion on Feb. 10 following a company earnings report; its market cap was $13.8 The Barua case has been assigned to Thomas Zilly, the judge presiding over real estate brokerage Rex’s lawsuit against Zillow and the National Association of Realtors. The second lawsuit was filed Nov.

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Investors Brokerage Investing Real Estate 448

Housing Wire

MAY 18, 2021

For as long as Jim Pullin has been a realtor in Seattle, the Pacific Northwest city has always been a popular moving destination. The number of days on the market before an offer is accepted is usually six days, and everyone knows it’s going to sell above market value.”

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Real Estate Marketing Real Estate Agent Agents 468

Housing Wire

NOVEMBER 5, 2024

The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. But they aren’t the only housing professionals impacted by these changes.

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Appraisal Business Real Estate Agent Real Estate 370

Housing Wire

JANUARY 13, 2022

NAR data shows that first-time buyers have overcome rising home prices to patch together a downpayment, through diversifying their downpayment source, using savings, downpayment help from family and friends and stock market/401k loans to assist in their path to ownership. This is up from 85% one year ago.

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Buyers Inventory Landlords Housing Market 488

Housing Wire

JULY 21, 2022

This data shows early signs of a slowdown in the retail housing market in June that was anticipated by real estate investors buying properties at foreclosure auction in March. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

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Housing Market Buyers Marketing Retail 435

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. In a market that moves as quickly as ours is, often that can be too old. Many appraisers working in today’s marketplaces are about to find out how important this is.

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Appraisal Marketing Real Estate Inventory 370

Riverfront Appraisals

JANUARY 13, 2023

If you’ve been following me for any length of time, you know I’ve talked a lot about market value. Way too many people still think that market value is simply what a buyer is willing to pay for a property. […]. The post FAQ #2: What’s the Difference Between Appraised Value and Market Value?

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Market Value Appraisal Marketing Buyers 78

Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. It’s one thing to pay more than market value for a home because of being in a bidding war. Did they regret their decision?

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Buyers Property Taxes Inspection Market Value 243

Housing Wire

MAY 25, 2021

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.

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Appraisal Valuation Real Estate Modernization 370

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 87

Cleveland Appraisal Blog

JANUARY 5, 2023

The cover picture was taken by HER Realtors. It’s vital that appraisers know how to measure markets and adjust for changes in the market. If you’re an appraiser, or Realtor, learning how to price index the market will serve you well. Like any year, there will be some good news and some bad news.

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Housing Market Marketing Appraisal Inventory 374

Housing Wire

OCTOBER 9, 2023

I know the one-stop-shop thing is cliché, but if you do it right, that can be a major benefit not only to the Realtor and the title company as ancillary income, but to the consumer who it is benefiting from efficiencies and better pricing through economies of scale,” LaRosa said. But the joint venture model may soon be on the way out.

Real Estate 468

Real Estate Insurance Real Estate Agent Brokerage 468

Realtor

AUGUST 7, 2019

“Appraisals aren’t done at the beginning because the lender wants to assign the appraisal company that they work with,” says Julie Upton , a Realtor® in California’s Marin County. Appraisal value isn’t always the same as market value. So how is market value determined, if not with an appraisal?

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Sellers Appraisal Market Value Real Estate Agent 111

Cleveland Appraisal Blog

JANUARY 21, 2021

It is impossible to know the impact on market value until we know if repairs are needed. Because major structural repairs have a negative impact on market value, we must take this situation seriously. . A Realtor, a Lender and an Appraiser Walk Into a Bar – Appraiser eLearning Podcast with Bryan Reynolds.

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Appraisal Inspection Real Estate Market Value 235

McKissock

OCTOBER 3, 2021

For a number of reasons: As a realtor, you will have access to many more properties for sale than a regular investor. This means that you will be able to find houses being sold below market value, which will make marketing the property easier and your profit larger. Pick the strategy that best fits your goals.

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Investing Real Estate Real Estate Agent Realtors 87

Birmingham Appraisal

JANUARY 29, 2025

Whether its for a legal case or determining fair market value for an estate, these appraisers are just as important in providing accurate and reliable valuations. If you liked this post subscribe by email (or RSS feed ). The post Appraisal 101: Key Facts You Might Not Know appeared first on Birmingham Appraisal Blog.

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Appraisal Appraisal Process Valuation Buyers 63

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Maybe I need to look deeper at the current market conditions. Or maybe both.

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Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Maybe I need to look deeper at the current market conditions. Or maybe both.

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Realtors Appraisal Contracts Real Estate Agent 36

Cleveland Appraisal Blog

APRIL 23, 2021

Prior to making any decisions, consider speaking with an advocate for elderly or disabled people and hire a realtor who has experience with estate sales. Davis, Woodland, and Arbuckle Market Update for April and a quick discussion of appraiser shortages – Yolo Solano Appraisal Blog. Is Market Value Itself Biased?

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Appraisal Real Estate Logistics Law 195

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Any known inconsistencies with data – if your assessed property value has been fluctuating wildly over the years, this needs to be looked at. This will help ensure a fair market value.

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Appraisal HOA Easement Valuation 132

Realtor

AUGUST 7, 2019

“Appraisals aren’t done at the beginning because the lender wants to assign the appraisal company that they work with,” says Julie Upton , a Realtor® in California’s Marin County. Appraisal value isn’t always the same as market value. So how is market value determined, if not with an appraisal?

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Sellers Appraisal Market Value Real Estate Agent 78

Appraisal Partners Blog

DECEMBER 2, 2019

When one of our expert appraisers perform a current market value appraisal, you can be confident you’re listing your home in the right price range. But Can’t My Realtor Determine My Home’s Value? A realtor’s job is to sell your home in as timely a manner as possible.

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Appraisal Realtors Real Estate Agent Inspection 78

D Fritz Appraisals

MAY 13, 2024

Either way, the goal remains the same: to make the home appear as attractive and welcoming as possible, thereby making it stand out in the competitive real estate market of British Columbia. Setting a price below market value can generate significant interest and potentially spark a bidding war, ultimately driving up the final sale price.

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Real Estate Buyers Sellers Appraisal 122

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. Zillow doesn’t have the ability to reason like a REALTOR® does.

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Real Estate Agent Real Estate Sellers Realtors 74

Birmingham Appraisal

JUNE 13, 2023

This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such.

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Real Estate Agent Real Estate Agents Reconsideration of Value 87

Birmingham Appraisal

JUNE 11, 2024

Marketing Appraisals: Setting the Right Price from the Start What is it? A marketing appraisal is conducted before a home is listed for sale, either by the owner or a realtor. This can attract serious buyers and prevent prolonged market time. Cost does not always equal value.

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Appraisal Property Taxes Valuation Real Estate 88

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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Market Value Agents Appraisal Bracketing 94

Empire Appraisal Group

DECEMBER 8, 2022

Mortgage Holders Have 50%+ Equity | Florida Realtors. owe lenders less than 50% of market value. A home is considered seriously underwater if its combined estimated balance of loans is at least 25% more than the property’s estimated market value. © 2022 Florida Realtors®. Mortgage Holders Have 50%+ Equity.

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Mortgage Market Value Realtors Marketing 78

Empire Appraisal Group

JULY 14, 2022

Equity rich means that the combined estimated amount of the loan balance on the home was no more than 50% of the home’s estimated market value. Homeowners continue to benefit from rising home prices,” says Rick Sharga, executive vice president of market intelligence for ATTOM. The post Sellers’ Market Peak?

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Sellers Marketing Market Value Realtors 78

Lamacchia Realty

NOVEMBER 8, 2023

Additionally, the expert REALTOR® who assisted you in buying your home may have some reputable resources that they’d be happy to share with you! Understand the Difference Between Replacement Costs & Market Value Did you know that you don’t need to insure your home for the full market value?

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Insurance Market Value Realty Investing 74

Lamacchia Realty

SEPTEMBER 5, 2023

Regardless of whether this is happening before or after the divorce is final, the first step is to hire a professional REALTOR ® who is preferably well versed in navigating the complexities of a home sale during a divorce. If one party has a long-standing relationship with an agent, the other party may feel that favoritism is at play.

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Realtors Real Estate Agents Open Houses 74

Listing Spark

JUNE 13, 2024

Selling a house without a realtor , known as For Sale By Owner (FSBO), can be a rewarding yet challenging venture. We want to make the process easier for homeowners, so we put together a shortlist of our top tips to selling your home without a realtor in Tennessee. First, let’s look at a few key points.

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Realtors Open Houses Legal Real Estate Agent 36