Tag Archive for: appraised value

Everything You Need to Know About Appraised Value in Real Estate

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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

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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

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BEATING THE APPRAISAL DEAD HORSE I beat this dead horse more than any other simply because the issue surfaces so often. This week was no exception when a buyer of […]Read More

When “Appraised” Value Is NOT Market Value

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Because the market is heating up again, we have had several appraisal issues recently where there were simply no comparable sales available to support the contract price (despite multiple offers […]Read More

“External Influences” (Busy Streets, BART, Cemeteries, etc.) Can Significantly Impact Values

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Real estate agents involved in transactions with external influences sometimes under-estimate their effect and get frustrated when appraisers have difficulty supporting value. The most common problem involves properties on busy […]Read More

Appraised Value Often Does Not Equal Market Value

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I share this story often during our Mortgage 101 Seminars. We once had a transaction in Berkeley involving a property that was listed for $850,000, and there were more than […]Read More