Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

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. Going for an as-is home sale eliminates the need for a lengthy renovation process. Moreover, buyers sometimes prefer to renovate the home according to their taste.

Renovations 221

Renovations Buyers Appraisal Investing 221

Boston Appraisal

NOVEMBER 6, 2020

The home had been recently renovated and was in great condition. The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. All the reasonable purchase offers created a range of value. The Case File. He paid $475,000.

Appraisal 148

Appraisal Market Value Real Estate Sellers 148

D Fritz Appraisals

MAY 13, 2024

Professional staging services can be employed for those seeking expert guidance, although many sellers undertake this process. 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.

Real Estate 120

Real Estate Buyers Sellers Appraisal 120

Appraisal Partners Blog

JANUARY 31, 2024

Whether you are purchasing a home, looking to refinance, considering a home improvement, settling an estate, or divorce, We’ll he­lp you determine your home’s fair market value. Here are some key advantages: Fair Market Value Through an appraisal, the genuine marke­t value of a house is figured out.

Appraisal 78

Appraisal Property Appraisal Market Value Real Estate 78

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.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Glascock Company

DECEMBER 11, 2020

While there are plenty of benefits to both, there is one alternative that could flip the sale faster and without much stress on you as the seller. Auctions are one of the most expedient ways to sell real estate (both commercial and residential) while still allowing the seller to maintain total control over the transaction.

Sellers 78

Sellers Inspection Real Estate Buyers 78

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.

Real Estate Agent 82

Real Estate Agent Real Estate Agents Appraisal 82

Realtor

MAY 10, 2018

If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value. Real estate agent and attorney Bruce Ailion with Re/Max Town and Country in Atlanta advises siblings to have a discussion to decide what condition to sell the house in— as is or renovated.

Real Estate Agent 85

Real Estate Agent Renovations Real Estate Agents 85

Lamacchia Realty

DECEMBER 3, 2021

Some home sellers price a home according to what they want or need. A home seller may have a number in mind that they want to cover moving costs, commission, or to make a profit. The fact is, if the list price for a home isn’t based on the current market value of the home, it will sit on the market for a long time.

Market Value 69

Market Value Sellers Property Taxes Investing 69

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

East Coast Appraisal

AUGUST 11, 2022

Many home sellers shy away from property appraisal because they believe the process only caters to the buyer's needs. However, property appraisal benefits both the buyer and the seller. For the seller, a home appraisal ensures they price their property correctly. Home Appraisal Value Is the Same as Market Value.

Real Estate 52

Real Estate Appraisal Renovations Market Value 52

Chicagoland Appraisal Blog

MAY 13, 2021

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. The Value of a Home Appraisal. Home addition.

Appraisal 88

Appraisal Renovations Home Value Real Estate 88

Birmingham Appraisal

MAY 21, 2024

Condition and Age of the Property The age and condition of a home directly impact its market value. Renovations and updates can reduce these effects by increasing a home’s market appeal and extending its lifespan. It’s important to weigh the cost of these renovations against their potential return on investment.

Home Value 73

Home Value Architecture Renovations Real Estate 73

Realtor

MAY 10, 2018

If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value. Real estate agent and attorney Bruce Ailion with Re/Max Town and Country in Atlanta advises siblings to have a discussion to decide what condition to sell the house in— as is or renovated.

Real Estate Agent 78

Real Estate Agent Renovations Real Estate Agents 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. Low appraisals tend to occur in hot housing markets, where home buyers are often forced to pay above market value for a home. What appraisers do.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. Low appraisals tend to occur in hot housing markets, where home buyers are often forced to pay above market value for a home. What appraisers do.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. 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.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Boston Appraisal

NOVEMBER 6, 2020

The home had been recently renovated and was in great condition. Reason #1: The Range of Value The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. All the reasonable purchase offers created a range of value.

Appraisal 78

Appraisal Market Value Sellers Real Estate 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

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

Berkshire Hathaway

AUGUST 30, 2022

Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? Setting a budget from the onset will allow you to negotiate more effectively since the property seller will understand what exactly you can afford. Assess the Seller’s Motivation. Set Your Budget.

Buyers 49

Buyers Legal Fees Real Estate Renovations 49

Lamacchia Realty

APRIL 17, 2024

If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. While some sellers may renovate a bathroom or do small improvements to make the home feel new , don’t overlook the power of a fresh hardwood floor.

Home Value 70

Home Value Buyers Realtors Realty 70

Birmingham Appraisal

SEPTEMBER 3, 2024

In this post, I’ll walk you through five common pricing mistakes that real estate agents and sellers often make and provide practical advice on how to avoid them. Overpricing Based on Emotional Value The Mistake: One of the most common pricing errors is overvaluing a home based on emotional factors rather than market data.

Appraisal 52

Appraisal Sellers Real Estate Market Value 52

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

When you are the seller of a FSBO (For Sale By Owner). My experience in completing appraisals for properties that have been sold without the professional expertise of a real estate professional is that the selling price is often lower than the value. Most people know that appraisals need to be completed for lending purposes.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

AmeriMac

JUNE 30, 2024

In this blog, we’ll cover home appraisal key components, the process, factors influencing values, and tips for buyers and sellers. Home appraisals are done by licensed appraisers trained in valuing real estate properties. They provide an unbiased assessment of a property’s value.

Appraisal 36

Appraisal Renovations Mortgage Inspection 36

Lamacchia Realty

APRIL 10, 2024

How this can Decrease Value : Functionality and condition are two big factors when it comes to determining whether the shed or garage will add or take away value from the home. Renovation Projects How this can Increase Value : When it comes to renovation projects , there are two directions you can take.

Law 71

Law Buyers Renovations Decorating 71

AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. Whether you’re a first-time homebuyer or a seasoned seller, this guide will provide you with all the information you need to make informed decisions during real estate transactions involving REO appraisals.

Real Estate 36

Real Estate Appraisal Inspection Valuation 36

Town & Country Residential Appraisals

SEPTEMBER 29, 2019

In home valuation language they are trying to buy under improvements for the neighborhood, which are usually a good deal, and below market value, but then there is the second half. A “dream home'“ is often code for “over improvement for the neighborhood,” and typically see lower market values compared to their costs.

Renovations 46

Renovations Market Value Valuation Appraisal 46

Birmingham Appraisal

NOVEMBER 20, 2024

This is also something that the appraiser must consider because it reflects the back-and-forth negotiations between buyer and seller. The appraiser is hired by the lender to determine the market value of the collateral they are taking for the loan. In reality, the lender is the appraiser’s client.

Real Estate 87

Real Estate Appraisal Inspection Contracts 87

Birmingham Appraisal

OCTOBER 9, 2024

Low Interest Rates May Not Be The Reason Your Listing Isn’t Selling With recent dips in interest rates, many sellers and their agents might expect it to be easier to sell a home, but that’s not always the case. If a full renovation isn’t in the cards, simple fixes like new cabinet hardware and updated faucets can go a long way.

Buyers 69

Buyers Appraisal Agents Sellers 69

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. After taking care of the above expenses, whatever amount is left over is the seller’s profit. As a result, the seller no longer has that mortgage. Traditional Home Sale.

Mortgage 74

Mortgage Sellers Buyers Finance 74

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. Selling through an auction cuts out a number of tedious tasks and keeps the sale process on the seller’s terms. Stage it professionally.

Marketing 86

Marketing Decorating Training Buyers 86

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller. Contemporary homeowners like these features, which might help raise your home's value.

Appraisal 52

Appraisal Renovations Home Value Inspection 52

Round Rock Appraisal

MARCH 28, 2015

An appraisal of property serves the benefit of both the seller and the buyer. The actual layout of a home can play a pretty important part of market value. Would you be doing your own renovation over a period of time? Will your renovations bring the property up when it’s time for you to sell? Property Taxes.

Buyers 36

Buyers Appraisal Renovations Property Taxes 36

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. And if there’s a bottom of the 9 th inning push to classify the building as “historic,” renovations and demolition may be additionally hampered, making the building less attractive to future buyers.

Appraisal 158

Appraisal Property Appraisal Real Estate Buyers 158

PennyMac

OCTOBER 10, 2023

A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69