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The New UAD: Practical Implications

Appraisal Buzz

This is the final article in Ernie Durbin’s three-part series on the new UAD. The first article on April 15, 2024, was “ From Forms to Reports: A Look at the UAD Overhaul. ” The second article on July 15, 2024, was “ The New UAD: Don’t Borrow Trouble. How will lenders order appraisals without standard form numbers?

Appraisal 370
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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” You were hired to complete an appraisal. Can an appraisal inspection substitute a home inspection?

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The Mailbox is Full and Cannot Accept Any Messages at this Time. Goodbye.

Appraisal Buzz

I do not have enough hard drive to write about all the compounding issues and possible solutions that could assist everyone in streamlining the real estate industry (call me, ASC), however, there is one major word that can decrease appraisal turn time as well as decrease the tension in the industry: Communication. Appraisers.

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Demystifying the Residential Appraisal: What Homeowners Need to Know

Appraisal Partners Blog

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. But what exactly is a residential appraisal, why is it necessary, and what factors influence the final valuation? On-Site Inspection: This is where the appraiser physically examines the property.

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How Surplus & Excess Land Work

Cleveland Appraisal Blog

CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. I’m not going to delve into the highest and best use topic in this article. I’m working on a new article that will be out in a couple of weeks. Be safe out there!

Appraisal 344
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Hybrid Appraisals and the Associated Risks

Boston Appraisal

One such attempt is the increased use of hybrid appraisals. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves. What Are Hybrid Appraisals?

Appraisal 135
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How Today’s Market Impacts the Appraisals and Inspections Landscape

Genworth MI Blog

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?