Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Complexity in Process and Properties.

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Appraisal Modernization Appraisal Process Technology 281

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “To answer the phone when an appraiser calls.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Cleveland Appraisal Blog

MARCH 26, 2025

Before I share some housing stats, let’s start with a question I often get when giving office presentations about the appraisal process What is required for a room to be a bedroom? I enjoyed seeing the coverage of neighborhoods Ive appraised for decades. Our Museum of Natural History was recently renovated.

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Appraisal Buyers Renovations Appraisal Process 195

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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Appraisal Process Real Estate Appraisal Easement 78

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Appraisals are also often needed for tax appeals and for private cash sales. Investors who need a value of a home before and after the proposed repairs are made, sometimes use appraisers. Real estate agents also need appraisals for properties that may be more difficult to price. Write about what you do know.

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Business Appraisal Real Estate Agent Lending 394

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals.

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Real Estate Agent Real Estate Agents Appraisal 85

Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. There are many areas that appraisers and agents can inform and educate one another so that each of their jobs is done more successfully.

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Agents Appraisal Valuation Appraisal Process 91

Appraisal Hub

MAY 5, 2024

Over the years, I’ve come to appreciate the symbiotic relationship between appraisers and real estate agents. In this blog, I aim to provide valuable insights and tips from an appraiser’s perspective, empowering real estate agents to navigate the appraisal process with confidence.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Appraisal Today

SEPTEMBER 6, 2024

Newz: Disturbing AMC Violations, Appraiser and Real Estate Agent Communication September 6, 2024 What’s in This Newsletter (In Order, Scroll Down) Top 10 Things Appraisers Wish Real Estate Agents Understood Divorce Appraisal Red Flags Carmel’s Iconic and Artistic ‘Owl House’ $3,750,000 Housing Market Update: August 2024 Please!

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Real Estate Agent Real Estate Appraisal Agents 92

Birmingham Appraisal

DECEMBER 19, 2023

Tips To Make An Agent’s Life Easier The job of a real estate agent is extensive. There was a popular post that many agents were sharing on Facebook recently that listed all of the hats that an agent must wear. Most agents put together this information for potential buyers so why not share it with the appraiser?

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Real Estate Agent Real Estate Agents Appraisal 78

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions.

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Real Estate Agent Law Real Estate Bracketing 93

Cleveland Appraisal Blog

MARCH 4, 2021

Last week, a real estate agent asked me about how appraisers adjust for age. For instance, a thirty-year old home may have an effective age that is the same as a fifty-year old home, if the fifty-year old home has been renovated to a degree that is comparable to the younger home. Age is a good example.

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Appraisal Real Estate Real Estate Agent Loan Conditions 224

AmeriMac

MARCH 15, 2025

Real estate agents have valuable knowledge of local market trends, property desirability, and key factors affecting market value. They can identify issues that automated systems may overlook, such as visual flaws or non-compliant renovations. This efficiency saves time and resources, making deals more affordable for clients.

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Appraisal Valuation Real Estate Appraisal Process 36

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. My comments: Real estate agents and brokers are salespersons. They provide CMAs, etc.,

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Appraisal Agents Real Estate Real Estate Agent 89

D Fritz Appraisals

MARCH 7, 2019

While these three factors are out of your control, there are still many things you can do to impress appraisers and list your house for top dollar. Before you go spending thousands of dollars in renovations, however, make sure you follow this advice from the outset. It’s often free! Every home is different.

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Renovations Appraisal Real Estate Agent Buyers 78

Birmingham Appraisal

NOVEMBER 20, 2024

Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. In this week’s post, I dispel some common appraisal myths that have been around for years.

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Real Estate Appraisal Inspection Contracts 91

Realtor

AUGUST 24, 2017

And remember, these should be smaller home maintenance tasks, not big renovations. While giving a room a fresh coat of paint or adding some curb appeal is probably fine, it’s not the best idea to finish your basement right before an appraisal. This is the one and only chance the appraiser will get to view your home.

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Appraisal Real Estate Agent Real Estate Agents 78

Realtor

AUGUST 24, 2017

And remember, these should be smaller home maintenance tasks, not big renovations. While giving a room a fresh coat of paint or adding some curb appeal is probably fine, it’s not the best idea to finish your basement right before an appraisal. This is the one and only chance the appraiser will get to view your home.

Appraisal 78

Appraisal Real Estate Agent Real Estate Agents 78

D Fritz Appraisals

MARCH 16, 2021

The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase. If you have any questions or concerns about the appraisal process, we recommend looking through our FAQ section , or contacting us by phone or email for assistance.

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Appraisal HOA Easement Valuation 132

Cleveland Appraisal Blog

JUNE 25, 2021

Even if they are completely renovated, they are still not considered to be new. This information is incredibly valuable to the appraiser in the appraisal process for many things. Physical depreciation is the most common cause of loss of value. As a home ages, it begins to deteriorate.

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Market Value Appraisal Marketing Buyers 244

Realtor

DECEMBER 15, 2016

Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Renovation loan assessments.

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Appraisal Inspection Property Taxes Easement 110

AmeriMac

JANUARY 31, 2025

How Appraisals Impact Real Estate Transactions The appraisal process is vital in real estate deals, impacting buying, selling, and refinancing properties. Buyers rely on appraisals to ensure a fair price by estimating the property’s value. Real estate agents and appraisers often do CMAs.

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Real Estate Appraisal Valuation Real Estate Agent 36

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes.

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Real Estate Agent Real Estate Appraisal Agents 52

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

Birmingham Appraisal

NOVEMBER 14, 2023

I often get asked by agents about the best way to find comparable sales when pricing a listing. Agents and appraisers are not that different in their desire to determine an accurate market value for a property. I’ve listed below the top search criteria I look at when searching for comps during the appraisal process.

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Market Value Agents Appraisal Bracketing 94

Appraisal Today

MAY 17, 2024

I have never used any of the appraisal software listed above. I also interview agents to see what they say. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! I use Excel and MLS data.

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Tools Appraisal Renovations Design 71

Birmingham Appraisal

SEPTEMBER 3, 2024

In this post, I’ll walk you through five common pricing mistakes that real estate agents and sellers often make and provide practical advice on how to avoid them. Buyers and their agents begin to wonder why the home hasn’t sold, leading to a perception that something is wrong with the property.

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Appraisal Sellers Real Estate Market Value 52

AmeriMac

DECEMBER 30, 2023

Additionally, these appraisals assist real estate agents in setting the asking price and ensuring that the home’s condition aligns with the appraisal value, which is essential for the appraisal contingency. Accurate appraisals are vital for facilitating smooth real estate transactions.

Real Estate 36

Real Estate Appraisal Inspection Valuation 36

AmeriMac

JUNE 30, 2024

After completion, a report with findings and the final appraised value is given to the lender and borrower. Timeframes vary based on appraisal complexity and the appraiser’s workload. Here is an overview of the steps involved in a home appraisal: Lender orders the appraisal from a licensed appraiser.

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Appraisal Renovations Mortgage Inspection 36

AmeriMac

APRIL 30, 2023

Appraisals protect the lender’s interests and provide an accurate valuation of the property, which is essential during the home buying and selling process. Additionally, it can also give a homeowner insight on any repairs or renovations that could increase the property value before selling.

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Appraisal Valuation Appraisal Process Renovations 36

AmeriMac

APRIL 15, 2024

Understanding Home Appraisals A home appraisal is an official estimate of the fair market value of a home conducted by a licensed and impartial professional appraiser. The appraisal process involves gathering information about the home, the surrounding neighborhood, and recent nearby sales to determine the home’s value.

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Appraisal Appraisal Process Real Estate Renovations 36

Quicken Loans

JUNE 10, 2021

Maybe you’ve tried contacting a real estate agent, who probably told you to call back after you’ve been “preapproved.” Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar. They know the market.

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Mortgage Real Estate Agent Sellers Appraisal 68

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. Appraisers must, therefore, frame their response within the matrix of avoiding any of any and all types of biases, not merely racial biases.

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Appraisal Contracts Real Estate Architecture 81

Listing Spark

MARCH 15, 2022

One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. What is the home appraisal process like? What to avoid before getting a home appraisal.

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Appraisal Renovations Contracts Buyers 36

AmeriMac

JANUARY 15, 2024

Understanding the role of a home appraiser, the importance of a home appraisal, and the factors to consider when choosing an appraiser are key to making an informed decision. So, let’s dive in and discover how to find the best local home appraiser.

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Appraisal Appraisal Process Valuation Real Estate 36