‘Homeowner’ Posts

 

Difference between an Appraised Value, Market Value, and Assessed Value of a house

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When I talk with people about what my home is worth, people use a lot of different terms. What is the difference between an appraised value, listing price, market value, and assessed value of a house? And why is the assessor’s value of my house so different than actual sale prices I’ve seen in my […]

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Follow-up to Valuation Expo 2014 Presentation

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A big “Thanks” to Joan Trice and the Allterra Group for holding another great Valuation Expo. This year was the 15-year anniversary and the Expo did not disappoint!   I had the opportunity to speak at the recent Valuation Expo held in Las Vegas. My talk was called “Everyday Compliance Items and Your Appraisal Business” […]

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Appraisal Issues: Handling Unacceptable Instructions from Your Client

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This article was originally printed in the April 2014 edition of Appraisal Today, “Handling “instructions” to not make time (market conditions) adjustments without losing your client”   by Joshua Walitt     A few months ago, I posted to my blog several sample “instructions” I received from lenders, one of them telling me to remove a […]

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House Value: Valuing a House Based on Price Per Square Foot

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Question:   We’re thinking about selling our house for-sale-by-owner. A house recently sold in our neighborhood for about $120 per sq.ft., so I thought we could multiple our house’s sq.ft. by $120 to figure out the value of our house. But my wife says that won’t work. Who’s right?   Price-per-square-foot (sq.ft.) can be an […]

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Reasons Real Estate Agents Order Appraisals

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I talk with real estate agents almost every day. Sometimes I’m asking them questions about a property that sold which I’m considering using as a comp or I’m teaching a class on appraisals to lenders and realtors. Other times they’re calling me asking about various appraisal procedures or if I can do an appraisal for […]

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