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For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisalprocess. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
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?
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. appeared first on Riverfront Appraisals. So if this is […].
Price like a Real Estate Appraiser! Are you a real estate professional or mortgage lender looking to learn more about the home appraisalprocess? Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. All things appraisal property inspection.
This post is part six 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, reconsiderations of value and bracketing. […]. appeared first on Riverfront Appraisals.
Benefits of Sharing the CMA with the Appraiser During the appraisalprocess, the appraiser will conduct their own market research to locate the most recent and similar comparables to the property they are appraising. This can lead to a more thorough and accurate appraisal which aids in the home selling process.
Cloning an appraisal report can end up taking more time and create the potential for revision requests than well-developed templates. Do careful pre-inspection research. Take your time doing your pre-inspection homework! Elevate the appraisalprocess with Clear Capital.
By bracketing the salient features of the house in the appraisal report, appraisers sometimes overlook the proximity and location factors. They lose sight of this important appraisal comp selection and often do not include them in the report, which warrants a revision request from the lenders and customers.
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