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What Lessons to Take Into the Appraisal Industry Post-COVID-19

Appraisal Buzz

This one can be applied to many different industries, and appraisal is one of them. While drive-by appraisals have been a part of the industry much longer than COVID, they are definitely not ideal in a lot of circumstances — namely, the traditional circumstances that require a home appraisal for sale.

Appraisal 370
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What Is a Reconciled Value?

Cleveland Appraisal Blog

What does the appraiser do with the three different values that may be developed? The appraiser must now reconcile these three values into one final opinion of value. One definition of the word reconcile in Dictionary.com is “to bring into agreement or harmony; make compatible or consistent.” None were great.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

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! ” “The definition of market value.”

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

McKissock

The root of many misconceptions about the appraisal inspection is the word “inspection” itself. It’s somewhat of a benign definition, is it not? There’s nothing really scary there, yet many appraisers attempt to avoid confusion, and (potentially) limit their liability , by avoiding use of the word “inspection” entirely.

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The Ultimate Guide to Estate Planning Appraisal for Real Estate Properties

The Robert Weiler Company

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. What Does the Probate Process Look Like?

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Does the Home You Want To Buy Qualify for a USDA Loan? Here’s How To Tell

Realtor

This is definitely the case if you’re considering a USDA loan from the Department of Agriculture. While there is a lot of flexibility in the type of home that may be accepted for a USDA home loan—including condos , townhouses , and new construction —not all homes will qualify. What type of home qualifies for a USDA loan?

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Home Appraisal 101: Maximizing the Value of Your Home

Chicagoland Appraisal Blog

Some appraisers work separately and have their own private businesses while others may work for a bank or an appraisal firm that employs many appraisers. . What Is the Home Appraisal Process? To begin the process of having your home appraised, you’ll need to select an appraiser and schedule their inspection.