FAQ 3: What’s the Difference Between an Appraisal and a Home Inspection
Riverfront Appraisals
JANUARY 18, 2023
This blog post is brought to you by the Guide To Appraisals series of e-books.
Appraisal Process Blog Inspection 
Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser
McKissock
JULY 20, 2021
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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How Surplus & Excess Land Work
Cleveland Appraisal Blog
JANUARY 7, 2021
CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. Upon inspecting this home, I found that the home sits on a huge rock formation, which takes up a good portion of the left side of the property. – George Dell’s Analogue Blog.
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The Loan Officer’s Guide to Appraisals Part 7: How Can the Appraisal Process be Sped Up?
Riverfront Appraisals
JULY 1, 2021
For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
Appraisals 101: What to Expect From the Home Appraisal Process
Raleigh Realty
FEBRUARY 19, 2022
Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.
The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection
Riverfront Appraisals
JANUARY 18, 2021
Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. In this blog post, we’re starting with the end. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […].
Overhauling the Appraisal Process
DataMaster
FEBRUARY 3, 2021
Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.
What Is A Final Inspection?
Birmingham Appraisal
SEPTEMBER 21, 2022
A Closer Look At The Final Inspection. You may have heard of an appraisal inspection but what is a final inspection? Keep reading to find out the “second part” of the appraisal process for certain types of appraisals. Proposed Construction Appraisal. Steps Involved. Conclusion.
Skepticism Can Lead to Poor Decisions
Cleveland Appraisal Blog
JANUARY 13, 2022
I know of some appraisers who do not measure the properties they appraise, even though they are expected to when making a physical observation (inspection). That’s the same reason many of our clients require that we make a physical inspection and measure the improvements of the property we are appraising.
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How Today’s Market Impacts the Appraisals and Inspections Landscape
Genworth MI Blog
AUGUST 31, 2022
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?
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The 7 Step Online Appraisal Process
Appraisal Partners Blog
OCTOBER 28, 2019
We make the process easy for you and there’s no need for stress or confusion. If you’re wondering how it’ll work, we’ve summed it up for you in the form of a 7 Step Online Appraisal Process. The first thing you need to do to begin the process of getting a property appraisal is fill out our online order form.
Beware of Bifurcated Appraisals
Appraiserblogs
AUGUST 4, 2023
The entire concept of bifurcated appraisals represents a fundamental misunderstanding of the appraisal process. million armed robbery of a… Hybrid Assignments, the Consequences The concept of a third party providing one or more functions in an appraisal assignment is nothing new.
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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process
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.
Are you a real estate professional or mortgage lender seeking to master the home appraisal process?
Premier Home Appraisal Blog
AUGUST 11, 2024
All things appraisal property inspection. Following a hosted group lunch, our Certified Real Estate Appraisers will walk the class through the sales grid portion of an appraisal report based on the earlier inspection highlighting insightful topics, including; Adjustment discussions. What counts as a bedroom?
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The Loan Officer’s Guide to Appraisals Part 9: New Construction
Riverfront Appraisals
AUGUST 31, 2021
Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.
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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?
Appraiserblogs
MARCH 7, 2024
It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. Despite its roots in a methodology designed to support appraisers, Value. It’s time to grab your popcorn and… The post Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?
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FAQ #16: What Can I Do To Increase My Home’s Market Value?
Riverfront Appraisals
APRIL 20, 2023
This blog is dedicated to the countless homeowners who, as we’re finishing up with the appraisal inspection, ask “well, is there anything I can do to increase the value of my home?” Realtors, you’ll also benefit from this post because I’m sure you get asked that all the time as well!
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To Desktop or Not to Desktop, That is The Question
DW Slater Company
FEBRUARY 24, 2022
As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. Appraisers have been trained in knowing what to look for. What about foul odors?
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New Homebuyer’s Guide To Appraisals
Birmingham Appraisal
SEPTEMBER 15, 2022
You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Home inspections are normally regulated by the state. Steps in the Appraisal Process.
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Data Collectors Bring Into Question The Integrity of Modern Appraisals
Birmingham Appraisal
APRIL 4, 2023
For example, a data collector may not be aware of the hundreds of items that an appraiser observes during an appraisal inspection. They may not notice the multitude of items that a trained appraiser checks during one of their appraisal observations. If you liked this post subscribe by email (or RSS feed ).
The Appraiser’s Perspective: Insights and Tips for Real Estate Agents
Appraisal Hub
MAY 5, 2024
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. Understanding the Role of Appraisers: First and foremost, it’s crucial for real estate agents to understand the role of appraisers.
Don’t Fall for These Real Estate Appraisal Myths
Birmingham Appraisal
NOVEMBER 20, 2024
It’s been several weeks now since I’ve blogged and to be honest I’ve missed it. Blogging provides me a creative outlet to help educate the public on the appraisal process. During the appraisal process, the appraiser is collecting and analyzing market data to arrive at an educated opinion of value.
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The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others?
Riverfront Appraisals
JUNE 13, 2021
Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. We’re halfway there!
Hybrid Appraisals and the Associated Risks
Boston Appraisal
OCTOBER 8, 2022
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.
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Understanding The Reverse Mortgage Appraisal Process
AmeriMac
JANUARY 30, 2024
The significance of Reverse Mortgage Appraisal In the context of reverse mortgages, a crucial aspect is ensuring that the property’s value aligns with the loan terms, making the reverse mortgage appraisal process significant. This professional and attentive approach guarantees the accuracy and reliability of the appraisal.
Want to price your property like a professional home appraiser?
Premier Home Appraisal Blog
MAY 17, 2023
Price like a Real Estate Appraiser! Are you a real estate professional or mortgage lender looking to learn more about the home appraisal process? Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. All things appraisal property inspection.
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The Appraiser’s Perspective: Insights and Tips for Real Estate Agents
Birmingham Appraisal
JUNE 13, 2023
Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.
The Loan Officer’s Guide to Appraisals Part 2: Lending on Unique Homes
Riverfront Appraisals
FEBRUARY 5, 2021
This post is part two of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one, go back and read all about the Final Inspection process here. In this blog post, we’re going to give you an appraiser’s perspective on unique homes, and […].
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The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it?
Riverfront Appraisals
APRIL 30, 2021
Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.
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Must-Have Information Required for a Successful Appraisal
Birmingham Appraisal
DECEMBER 17, 2024
Tips To Ensure a Successful Appraisal When it comes to the home appraisal process, providing complete and accurate information is critical for a successful appraisal. Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations.
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Pre-Appraisal Checklist for Homeowners
D Fritz Appraisals
MARCH 16, 2021
Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. Copies of any previous appraisals – this can help the appraiser see how the value has changed over the years.
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7 Tips for Building Strong Appraiser-Client Relationships
McKissock
MAY 24, 2022
But it’s worth spelling out, because a courteous and professional demeanor is essential to making a good first impression and providing a positive customer service experience throughout the entire appraisal process, from acceptance to delivery. Deliver reports on time. Communicate with the client. Go above and beyond.
The Automated Appraisal: Tips for a Changing Appraisal Environment
Genworth MI Blog
AUGUST 15, 2019
In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Lower cost than traditional appraisal. Get more content like this delivered to your inbox by subscribing to our blog! Subscribe now!
The Automated Appraisal: Tips for a Changing Appraisal Environment
Genworth MI Blog
AUGUST 15, 2019
In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Lower cost than traditional appraisal. Get more content like this delivered to your inbox by subscribing to our blog! Subscribe now!
From Appraisal to Freedom: How a PMI Removal Appraisal Can Save You Thousands
Premier Home Appraisal Blog
MAY 30, 2023
By getting a PMI removal appraisal and showing that your home has increased in value, you can show that you have the required equity to SAVE MONEY! This process can save you hundreds of dollars each month and thousands of dollars over the life of your loan. This is where the appraisal process comes in.
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How Confidential is Your Appraisal?
Birmingham Appraisal
JUNE 19, 2024
Understanding Confidentiality in Real Estate Appraisal The confidentiality of an appraisal report is a cornerstone of professional appraisal practice. According to the USPAP, appraisers are required to uphold confidentiality to protect the interests of their clients and maintain the integrity of the appraisal process.
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Bifurcated Appraisal: An Enhanced Desktop Appraisal
McKissock
DECEMBER 1, 2020
There are many articles, blogs, and opinion papers that either support or reject bifurcated and hybrid appraisals, which contributes to a great deal of confusion. Here at McKissock Learning, we do not support any position regarding bifurcated and hybrid appraisals. Why call it an enhanced desktop appraisal?
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Understanding Appraisal Factors That Impact Home Sales: Insights for Real Estate Agents
Birmingham Appraisal
JUNE 21, 2023
Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.
7 Common Mistakes Sellers Should Avoid During a Real Estate Appraisal
Birmingham Appraisal
FEBRUARY 28, 2023
Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.
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The Appraiser-Agent Relationship: A Win-Win Approach
Birmingham Appraisal
AUGUST 23, 2023
Navigating Complex Properties: In cases of unique or complex properties, agents and appraisers collaborate to ensure accurate valuations. The Power of Pre-Appraisal Preparation: Agents preparing properties for appraisals can have a significant impact on the outcome. Pros and Cons Of A Pre-Listing Appraisal
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How To Appraise Rural Properties
Appraisal Today
MARCH 15, 2024
Urban, Suburban, Rural in Appraisals Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? I hate this time change.
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15 Reasons Your Home May Not Appraise for the Expected Value: Tips for Homeowners
Birmingham Appraisal
AUGUST 30, 2023
A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.
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The Ultimate Guide to Estate Planning Appraisal for Real Estate Properties
The Robert Weiler Company
MAY 14, 2021
The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. Your availability for conducting the appraisal.
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Why Agents Should Share Their CMA With The Appraiser
Birmingham Appraisal
FEBRUARY 20, 2024
Benefits of Sharing the CMA with the Appraiser During the appraisal process, the appraiser will conduct their own market research to locate the most recent and similar comparables to the property they are appraising. I discussed this process in a previous blog post which you can read HERE.
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