Housing Wire

MAY 21, 2024

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

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Housing Wire

NOVEMBER 5, 2023

8 circle prospecting ideas — a deep dive 8 effective circle prospecting scripts 9 pro tips for expert-level circle prospecting 3 circle prospecting tools What is circle prospecting? There are numerous tech tools available to agents to help with prospecting. Offering value Providing value is crucial in circle prospecting.

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Housing Wire

JUNE 18, 2024

When you own local seller listings, you own your local market.” ” So far, more than 5,000 homes have been listed on Redy, with data showing that homes are being sold for an average of 12% more than market value, along with an average upfront cash bonus of $2,357.

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Appraisal Buzz

MARCH 17, 2025

So one main difference between traditional lender appraisals and relocation appraisals is the forecasting aspect: whereas lender appraisals determine a current market value, relocation appraisals try to project what the sales price WILL be.

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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. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. CMA reports are simple and effective tools. More on that later.

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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.

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Appraisal Buzz

AUGUST 16, 2021

I started to think about the best way to approach those questions, and in doing so I became reacquainted with a useful tool in statistics…the bell curve. In other words, why are appraiser estimating market value below the contract price so often? The bell curve is the informal name for a normal (or Gaussian) distribution.

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Housing Wire

MAY 18, 2022

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. In fact, many financial researchers and scholars have identified it as a strategic tool that should be considered part of a holistic financial strategy for retirement.

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Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. The truth of it is that an appraisal coming in below the contract price can be a powerful tool for a homebuyer and save them future pain and heartache.

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Housing Wire

MAY 20, 2021

And so, even when applying technology-based alternatives to in-person appraisals, biased data can impact values if not recognized. The appraisal comes in $40,000 below market value, and, as a result, the home sells for a lower price. An AVM will use this sale record as part of the formula to estimate value.

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Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. In my view, Zestimates are a toy, not a tool for making serious decisions. My opinion of value – $345,000.

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Housing Wire

JULY 13, 2021

Given the complexity and loan-value sensitivity of accurately calculating MSR valuation, Black Knight’s suite of MSR solutions connects data directly from a user’s servicing system or pipeline data to MSR broker assumption sets. Having better information earlier in the process boosts financial performance and competitiveness,” Kessel said.

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Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised.

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Housing Wire

NOVEMBER 29, 2023

ALTA’s ​​ State Legislative and Regulatory Action Committee (SLRAC) has prioritized the issue of heirs’ property and meets regularly to discuss ways that this problem can be remedied legislatively and through title professional tools and resources. The UPHPA has been signed into law in 23 states and introduced in seven others.

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Housing Wire

FEBRUARY 19, 2021

Cape Analytics and Weiss Analytics are primarily targeting real estate investors, real estate brokers and mortgage originators with the ValPro+ tool to help them identify undervalued purchase opportunities. improvement in PPE-10 predictions of on-market valuations. .” Presented by: Motto Mortgage.

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Valuation Real Estate Investors Appraisal 459

Cleveland Appraisal Blog

AUGUST 6, 2021

Satellite imagery is a fantastic tool that can help see what is around a property. Additionally, smells cannot be detected with online tools. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. What about paying more than market value due to being in a bidding war?

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Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Housing Wire

AUGUST 3, 2023

Powerful AI tools are already transforming residential real estate and forward-thinking agents are paying attention. In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. The good news is that the early adopters will thrive.

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Housing Wire

APRIL 8, 2021

By October, the market value of Zoom exceeded that of Exxon-Mobile , reflecting the dichotomy of an intransigent society staying at home and working remote. The stock value of Zoom grew 650% during this one year as many other aspects of the economy slowed or shuttered as a result of the shutdown.

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Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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Appraisal Property Taxes Insurance Market Value 148

Appraisal Buzz

AUGUST 26, 2024

Consider this example: If the remaining economic life is extracted from the market at 42 years, and economic life is 60 years, 42/60 = 70% of cost is market value. When marginal cost is $100, and market reaction is 70% of cost, a market-supported GLA adjustment is $70. Did you notice the similarity with paired sales?

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Valuation Appraisal Marketing Market Value 369

Housing Wire

AUGUST 31, 2023

As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction.” Fannie Mae’s Value Acceptance + Property Data program and Freddie Mac’s ACE+ PDR waive the traditional appraisal requirements for qualifying loans.

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Housing Wire

DECEMBER 16, 2021

Public health officials note that we have many more tools to address this latest — and likely not the last — challenge. More specifically, that means targeting an unemployment rate close to 4%, inflation close to 2%, and using regulatory tools to prevent unsound lending or other financial imbalances.

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D Fritz Appraisals

JANUARY 29, 2025

House Appraisal vs BC Assessment: How They Impact Your Homes Value Understanding the difference between residential home appraisals vs BC assessments. These two commonly misunderstood yet crucial home evaluation tools, help to navigate the complexities of the real estate market in British Columbia. Fritz Appraisals Inc.

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Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. It’s simply a tool to create a detailed floor plan and measure a home.

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Housing Wire

SEPTEMBER 20, 2024

We help these entrepreneurs with purpose-built tools to think through which properties they may want to buy, to curate their investment pipeline, to analyze those properties both more accurately and quickly, so that they can move on to the next deal and hopefully lower their risk profile.

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Housing Wire

JUNE 7, 2024

Market data about the area, an invitation to an upcoming open house, or info about a coming soon listing nearby are all great items of value. Don’t forget to include your contact information and a call to action such as: “Call/text me to learn about your home’s current market value.” Who’s it for?

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Real Estate Open Houses Agents Sellers 468

Appraisal Today

MAY 17, 2024

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” Popular tools include Synapse by Spark, Solomon Adjustment Calculator, and Redstone by Bradford Technologies.

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Cleveland Appraisal Blog

MARCH 25, 2023

– Birmingham Appraisal Blog Tim O’Brien’s Journey in the Appraisal Industry: Following the Yellow Brick Road – PahRooZings: Appraisers On Purpose Podcast Appraiser Adjustment Tools – APPRAISAL TODAY Devalue Market Value?

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Supply Chain Appraisal Renovations Market Value 285

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on.

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Appraisal Partners Blog

JANUARY 20, 2025

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. The appraisal report will justify which approach was used.

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Cleveland Appraisal Blog

DECEMBER 10, 2022

The value of your home will drop if you use the garage for anything other than parking automobiles. That’s because most buyers need somewhere to store their vehicles and gardening tools. You wouldn’t think it, but there’s a certain level of clutter that might lower the value of your home. 8 Too much clutter.

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McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now. Is this ever going to change?”

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Appraisal Contracts Market Value Clients 103

AmeriMac

MARCH 15, 2025

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.

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Cleveland Appraisal Blog

JANUARY 13, 2022

Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising. We measure the improvements to verify that we are appraising the home based upon accurate square footage, which has a direct impact on market value in most cases.

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Appraisal Inspection Clients Real Estate 221

Mashvisor

MARCH 17, 2022

Zillow’s estimated market value tool “Zestimate” has been questioned by both real estate investors and agents for its accuracy. Zillow is an online property search website that makes its money…

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Real Estate Investors Tools Market Value 61

Boston Appraisal

JULY 6, 2023

In these situations, a property appraisal can be an indispensable tool in the lawyer’s arsenal. By providing an objective assessment of the property’s market value, an appraisal can aid in dispute resolution, assist in legal arguments, and guide negotiations.

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Appraisal Legal Market Value Appraisal Process 78