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The Loan Officer’s Guide to Appraisals Part 7:  How Can the Appraisal Process be Sped Up?

Riverfront Appraisals

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.

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My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Using sales that are inferior, similar, and superior to the subject in some aspect constitutes bracketing.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Inconsistent Results Outlier sales are, by definition, inconsistent with the majority of transactions in a market. Appraisal Challenges: Listings that were priced using outlier sales can pose challenges during the appraisal process. Related posts: What is bracketing and why should Realtors do it?