Remove Market Value Remove Renovations Remove Technology
article thumbnail

Revive launches AI-powered listing tool for real estate agents

Housing Wire

This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. It also uses Revive’s recommendation engine to offer renovation estimates supported by local contractors.

article thumbnail

Better.com reports 400% growth for HELOC business

Housing Wire

“For a consumer who wants to do a home renovation , a consumer who wants to consolidate debts, or a consumer who wants to take cash out to pay for tuition for their kids, our product serves all of those use cases.” ” How is it so fast? .” ” Recent data from ATTOM revealed that 47.7% figure is far above the 26.5%

Business 286
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How reverse mortgages could improve financial stability for older homeowners

Housing Wire

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. This means that the homeowner (or their heirs) won’t owe more than the home is worth when the loan is repaid.

Mortgage 418
article thumbnail

Demystifying the Residential Appraisal: What Homeowners Need to Know

Appraisal Partners Blog

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. Final Value Conclusion: The appraiser will provide a conclusion as to the fair market value of the property. They will be aware of any deficiencies.

article thumbnail

Human Expertise vs. AI in Appraisal Management: Which Delivers Better Results?

AmeriMac

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Clear valuations are essential for informed financial decisions in the dynamic real estate market. Their expertise considers external factors like upcoming developments that could impact future value.

article thumbnail

What Kind of Appraisal Support Do You Want?

Cleveland Appraisal Blog

Cheaply made shoes may fall apart rather quickly compared to high-quality running shoes that are made with better materials and technology. The appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. The market value is what it is.

Appraisal 221
article thumbnail

Why Industrial Space for Rent Is the Hottest CRE Sector in 2021

The Robert Weiler Company

They have usually been constructed over 20 years ago and require renovation at this point. An investor can either put money in through value-add projects to update the building or seek residential and mixed-use conversion options. Class A properties sell themselves, and Class B and C’s can be renovated to cater to a target market.

Logistics 147