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Lower or no appraisal fees. Property verification. ... "AVMs work best with typical homes in active real estate markets," says Luke Tomaszewski, certified residential real estate appraiser and CEO ...
Its analysis found that homes in mostly Black and Latino census tracts were assigned appraised values lower than the contract price more frequently than homes in White tracts. While 12.5 percent ...
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If the appraisal comes in low — that is, if the appraised amount is lower than the loan amount — that appraisal gap will have to be made up by the buyer, or it may even derail the deal.
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser.A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO.
Liquidation value is typically lower than fair market value. [1] Unlike cash or other available liquid assets, certain illiquid assets, like real estate, often require a period of several months in order to obtain their fair market value in a sale, and will generally sell for a significantly lower price if a sale is forced to occur in a shorter ...
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