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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Appraisal Buzz

JUNE 6, 2022

They have that much variance in what they demand of the appraisal process. But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal. How many times have you had a client try to move the goalpost on you? “Oh They are assignment elements.

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Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. The goal of this article is to help lenders, banks reviewers and appraisers.

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Appraisal Process Real Estate Appraisal Renovations 78

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers must remain independent.

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Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers must remain independent.

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Appraisal Process Appraisal Mortgage Buyers 78

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

Walitt Solutions

MAY 24, 2020

A student in my USPAP Update class recently asked me, “I know I can discuss the report with the client, but I’ve talked about the report with other intended users, too. individual, group, or entity) who engage an appraiser by employment or contract in a specific assignment, whether directly or through an agent.

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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.”

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Real Estate Agent Real Estate Agents Appraisal 97

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.

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Birmingham Appraisal

AUGUST 23, 2023

When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened. A mutually respectful partnership ensures that each of their clients receives informed advice, leading to confident decisions.

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Agents Appraisal Valuation Appraisal Process 91

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. How to respond to appraisal complaints and requests.

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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.

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Real Estate Agent Real Estate Agents Appraisal 85

The Robert Weiler Company

SEPTEMBER 16, 2021

And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Residential vs. Commercial Property Appraisal and Their Differing Review Process. o Federal Housing Authority (FHA).

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Real Estate Appraisal Property Appraisal Valuation 147

Birmingham Appraisal

SEPTEMBER 15, 2022

Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. There are numerous steps in the appraisal process and it’s important to know each step involved.

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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 a sales transaction, there is one additional piece of data and that is the contract price.

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Real Estate Appraisal Inspection Contracts 91

Birmingham Appraisal

SEPTEMBER 26, 2023

Pressure from Clients Real estate professionals, including agents, often face pressure from clients to incorporate outlier sales into their Comparative Market Analysis (CMA). Ethical Concerns Using outlier sales to manipulate property values or cater to clients’ desires can raise ethical concerns within the real estate industy.

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Dart Appraisal

APRIL 30, 2021

Once the party or parties have signed the engagement letter or indicated acceptance of an appraisal order, the letter or correspondence to an appraiser serves as a contract. Ensuring that these details are correct at the beginning of the assignment helps to avoid costly and time-consuming misunderstandings later in the process.

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Contracts Appraisal Tips Appraisal Clients 69

Birmingham Appraisal

NOVEMBER 8, 2022

Because so many people have asked me, “What does a real estate appraisal include?” Appraisal Process. The appraisal process consists of the appraiser visiting the property to collect information to help them complete the report. Next, information about the neighborhood is provided.

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Real Estate Appraisal Appraisal Process Construction 93

Birmingham Appraisal

FEBRUARY 20, 2024

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what.

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Agents Appraisal Real Estate Agent Bracketing 95

Realvals

JULY 27, 2022

As a real estate appraiser in California, I often hear this question, and the answer is almost always the same. It’s the client who pays for the home appraisal. But who is the client you ask? Home appraisal process. The home appraisal process will differ depending on what you need the appraisal for.

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Appraisal Inspection Real Estate Buyers 78

Genworth MI Blog

AUGUST 31, 2022

Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues. If you can’t account for condition and location in your appraisal, then you won’t have a credible one.

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Appraisal Hub

FEBRUARY 15, 2024

Commercial Appraisals, on the other hand, delve into properties used for business purposes, including office buildings, retail shops, industrial sites, farm, and apartment complexes with five or more units. At Appraisal Hub Inc., Visit our website to learn more about how we can assist you with your appraisal needs in Toronto.

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Appraisal Today

AUGUST 2, 2024

The report cited from CSS, analyzed appraisal data across 10 states in the East Coast and Midwest, finding that only around 40% of home sales included an appraisal that was within $2,500 of the final sale price. The Confidentiality section specifically addresses the appraiser’s duty to protect client information.

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Appraisal Valuation Law Contracts 77

The Robert Weiler Company

APRIL 20, 2021

As such, our experts at The Robert Weiler Company have put together this business valuation ‘questions and answers’ overview to offer more clarity behind the business appraisal process. This becomes a detailed process since many sole proprietors will use the same tools or equipment at home as they would on a job.

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Valuation Business Buyers Market Value 147

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Get the relevant date of value from the client or client’s attorney. I strongly recommend it. percent from 6.80

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Appraisal Today

AUGUST 25, 2023

On Friday, NAR put out a notice asking appraisal members in the affected areas to alert their non-member colleagues. ” That means appraisers in affected areas should let clients know that certain assignments may be on hold for now. percent from 7.16 percent, with points increasing to 0.78 percent from 7.11

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Appraisal Real Estate Agent Agents Real Estate 80

Empire Appraisal Group

JULY 1, 2021

However, agents and brokers should never try to influence the appraiser, said Peter Gallo, owner and chief appraiser of HomeSight Appraisal in Charlotte, N.C. Don’t tell the appraiser your client needs a certain value, for example. How Multiple Offers Factor Into the Appraisal Process.

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Agents Appraisal Real Estate Realtors 78

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. Which is MOST important for building strong appraisal-client relationships? McKissock Survey.

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Appraisal Today

SEPTEMBER 6, 2024

By staying ahead of these trends, appraisers can provide valuable insights that help their clients make informed decisions in a volatile market. Written by a very knowledgeable appraiser who is also an economics instructor. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.30

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Real Estate Agent Real Estate Appraisal Agents 88

Appraisal Partners Blog

FEBRUARY 9, 2025

The Appraisal Process: Step-by-Step Order the Appraisal: Typically, the lender orders the appraisal through an appraisal management company (AMC) or directly with an appraiser. Appraiser Selection: The appraiser is chosen based on their qualifications, experience, and geographic expertise.

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Appraisal Property Taxes Inspection Sellers 78

Appraisal Today

AUGUST 23, 2024

Fact-checking vs appraisal review Types of appraisal review reports Why are appraisal reviews needed? Who requests a property appraisal review? Who can review a property appraisal? The client base for appraisal reviews is vast and diverse, encompassing a wide range of sectors and needs.

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Appraisal Contracts Investors Property Appraisal 71

Appraisal Today

SEPTEMBER 20, 2024

What’s the Difference Between Sale Price and Appraised Value?… … If a property is under contract for purchase at $450,000 and an appraiser provides a market value appraisal of $425,000 for the property, the $450,000 sale price is a fact, while the $425,000 appraised value is the appraiser’s opinion.

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Appraisal Business Contracts Real Estate 77

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. To read much more about non-lender appraising, plus 2+ years of previous issues, subscribe to the paid Appraisal Today.

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Appraisal Construction Contracts Architecture 81

Birmingham Appraisal

SEPTEMBER 3, 2024

With over 30 years of experience as a residential real estate appraiser, I’ve witnessed firsthand how inaccurate home pricing in Birmingham, AL, can easily lead to mistakes that jeopardize a property’s appraisal value. You can read more about accurate square footage HERE , where I’ve written about it extensively.

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Appraisal Today

SEPTEMBER 23, 2022

Excerpts: … senior leaders at AMCs, lenders and the GSEs have noted that slower appraisal volume will favor those appraisers who can stay in communication with their clients and provide faster turn times. Number 1 for lenders (AMCs’ clients) has always been turn time. Are you doing VA appraisals?

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Appraisal Marketing Business Appraisal Process 52

Appraisal Today

OCTOBER 11, 2024

Some negative outcomes may include: Limitation of investigative property inspection, work scope, anomalies, and interaction with the lender client when unique situations arise. Heaslet is a retired Marine Corps veteran and a second-generation appraiser who began his valuation career as a trainee at his father’s office in 2007.

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Appraisal Insurance Contracts Valuation 78

Eppraisal

NOVEMBER 12, 2021

Who Orders the Appraisal? Your buyer's mortgage lender is the appraiser's client so your buyer's bank or mortgage company orders the appraisal. That's why neither you nor your buyer is the appraiser's client. Don't be surprised if the appraisal is ordered right away or if it takes a couple weeks.

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