appraised value Archives

False Jobs Reports = Very Big Deal; Assessed Value Has NO Impact On Appraised Value

August 21, 2024/in Interest Rates, JVM's Daily Blog

Remember all those stellar BLS jobs reports that sent interest rates higher almost every time they were released? Well, it turns out every one of them was wrong. If you can’t trust the government, who can you trust?Read More

Everything You Need to Know About Appraised Value in Real Estate

June 7, 2023/in Appraisals, C-Blog Category, Privately Published, Real Estate

Have you ever wondered how appraised value impacts the real estate market and the homebuying process? Whether you're buying, selling, or refinancing a home, understanding the concept of appraised value is crucial. It plays a significant role in determining the worth of a property and affects various aspects of real estate transactions.Read More

Why Appraisers Often Come In So Much Lower Than Homeowner Estimates

August 5, 2020/in Appraisals, JVM's Daily Blog

We once had clients who spent dozens (if not hundreds) of hours removing the popcorn ceilings from their $950,000 home. Because they put so much “sweat” into their equity, they […]Read More

Why & When Appraisals Do NOT Equal Market Value

February 20, 2020/in Appraisals, JVM's Daily Blog

We once had a transaction in Berkeley, CA involving a property that was listed for $850,000, and there were more than ten offers for over $1 million. The market value for that property was clearly over $1 million because there were so many buyers willing to pay over $1 million in an open market.Read More