Sentences with phrase «appraisal establishes a property»

A real estate appraisal establishes a property's market value — the likely sales price it would bring if offered in an open and competitive real estate market.

Not exact matches

Appraisal: Mortgage lenders require a residential appraisal performed by a licensed appraiser for establishing the value of your property and the amount of your mortgage.

Beyond establishing a property's value, the VA appraisal evaluates health and safety conditions that could impact ve... Full Article

The property's acceptability is established by an independent appraisal.

The first purpose of the VA appraisal is to establish a «fair market value» for the property.

Beyond establishing a property's value, the VA appraisal evaluates health and safety conditions that could impact veterans and their families.

For a HUD - owned property an as - is appraisal is not required and a DE lender may request the HUD Field Office to release the outstanding HUD Property Disposition appraisal on the property to the lender to establish the maximum mortgage for the pproperty an as - is appraisal is not required and a DE lender may request the HUD Field Office to release the outstanding HUD Property Disposition appraisal on the property to the lender to establish the maximum mortgage for the pProperty Disposition appraisal on the property to the lender to establish the maximum mortgage for the pproperty to the lender to establish the maximum mortgage for the propertyproperty.

You will need to secure an independent appraisal of the property to establish the amount of your deduction.

Key Highlights: • Established and built a highly successful appraisal business from the ground up, specializing in the appraisal of 1 to 4 family residential properties located in Staten Island, New York.

An unknown reality of the real estate appraisal / bank link is that the appraiser only need to «justify» the price paid for the property, and not to necessarily establish a valuation that contradicts the sale price, plus or minus, too much.

Banks usually expect to have 12 months of profit and loss figures to establish an accurate appraisal of the property.

A seller can offer for sale a property at whatever asking price one wants, and a registrant can list same, no matter what any appraisal that has been commissioned by anyone, strictly on the basis of establishing current market value for the purpose of sale (not mortgage financing) suggests as being current market value.

A request for an opinion from a lender for the purpose of establishing a mortgage on the said property will inevitably create an opinion of value quite different, say, than an opinion delivered on behalf of a spouse complicit in a marriage breakdown legal proceeding vs another appraisal commissioned by the respondent / plaintiff to the proceeding.

Speaking from the standpoint of my six years, more or less, experience as an Appraiser affiliated with the Appraisal Institute of Canada, I feel somewhat qualified to answer your questions vis a vis the appraisal business and its procedures, or lack thereof, as the case may be, regarding establishing official «opinions» of values for real property.

After a list price is established by a third - party appraisal, the ERA agent then starts to actively market the property, with the goal of selling the home at the highest possible price within six months of listing.

Any good realtor can establish an «opinion» of «market value», and indeed, often C.R.A.'s routinely call and ask Realtors for their opinions as a baxk - up vis a vis specific properties whilst completing said appraisals.

ESTATE LIQUIDATION The loss of a loved one is a difficult time in life and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved.

The appraisal establishes the legal value of the applicant's property.

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Bronson v. Algonquin Lodge Assn., Inc. (295 A.D. 2d 681)-- broker entitled to commission where broker establishes that owner agreed to sell its property at the full appraised value and that broker produced a ready, willing and able purchaser at the price set forth in a formal written appraisal of the property; owner, a not - for - profit corporation, fails to establish that the listing agreement violated either its constitution or Not - For - Profit Corporation Law § § 509 and 510 which govern the sale of real property, not the execution of the listing agreement

The first purpose of the VA appraisal is to establish a «fair market value» for the property.

Each firm or office in the case of firms with multiple office locations shall designate in writing one REALTOR ® member licensed as a Florida real estate broker or licensed, registered, or certified by an appropriate state regulatory agency to engage in the appraisal of real property, who shall be responsible for all duties and obligations of Membership including the obligation to arbitrate pursuant to Article 17 of the Code of Ethics and the payment of Association dues as established in Article X of the Bylaws.

Appraisal A real estate appraisal helps to establish a property's market value — the likely sales price it would bring if offered in an open and competitive real estate market.

This federal department is also responsible for establishing all inspection requirements, property standards, and appraisal guidelines.

One may want an Appraisal for a number of reasons, being: for tax purposes; for the settlement of an estate; for the awarding of a mortgage or a re finance; for a marriage split (there will be two appraisals here) as well as for a simple sale price to be established etc., and even then regarding the last category, whether one wants to sell very quickly (fire sale) or whether one is prepared to wait for top dollar via having the property exposed to the market place for ninety days, one hundred - twenty days, six months or more (in a then currently ascending market) etc..

After the appraisal, a price point is established at which the appraiser believes the property will sell.