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The Triangle’s housing market is cooling, but not evenly. It depends on where you live. Zillow data shows ZIP codes where prices are up or down.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
A Uniform Residential Appraisal Report or URAR is one of the most common forms used in United States real estate appraisals. It was created to allow for standard reporting and analysis of single-family dwellings or single-family dwellings with an "accessory unit".
Lenders typically let you borrow against this equity while maintaining 20% equity — meaning your primary mortgage and home equity loan combined can't exceed 80% of your home's appraised value ...
These are lumped into physical (wear, tear and deterioration), functional (look, feel, form and style), and locational (the influence of factors outside the property itself). It is generally considered that the cost approach gives the best indication of market value when the property in question is new and an appropriate (highest and best) use.
As home prices continue to change, major cities that experienced real estate booms in the past years are dropping while smaller cities are now experiencing rises in home values. According to The...
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