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. Ineligible Transactions.

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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! ” “That it’s a process that requires a good amount of time.”

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Appraisal Partners Blog

JANUARY 20, 2025

But what exactly is a residential appraisal, why is it necessary, and what factors influence the final valuation? This article will break down the complexities of the appraisal process, providing you with the essential knowledge to navigate this critical aspect of real estate transactions with confidence.

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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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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. Information Necessary To Perform the DOD Appraisal.

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Realtor

MARCH 7, 2023

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. The USDA home loan appraisal process To prove that a home meets the USDA’s criteria, all homes financed by USDA loans must undergo an appraisal.

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Chicagoland Appraisal Blog

MAY 13, 2021

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.

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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. Ineligible Transactions.

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Inspection Tools Appraisal Technology 78

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What is a desktop appraisal? Desktop appraisal meaning and definition.

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McKissock

FEBRUARY 25, 2022

Approach to the appraisal process. Appraisal specializations. ” Related reading: 20 Ideas to Get Your Name Out There as an Appraiser. “I have a background in construction and have been a business owner in the construction industry.” ” “Became an appraiser at age 58.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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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!! USPAP does not require use of the specific term “personal inspection”. Answer: No.

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Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. To me, the big issue is who is doing the inspections. Read the full report.

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McKissock

DECEMBER 28, 2021

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”.

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Quicken Loans

JUNE 9, 2021

A VA appraisal is an appraisal performed by someone certified through the U.S. This value is established by inspecting the house and comparing the asking price to recent sales prices for similar properties in the area. If the appraiser must travel further to get there or has to inspect multiple units, it could cost you more.

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AmeriMac

APRIL 29, 2021

While home appraisals help lenders confirm accurate sales prices, sellers can benefit from receiving the best and most precise price for their homes. Whether you’re an owner, seller or buyer, it’s critical you understand what the appraisal process is and how appraisers determine your home’s value. How Are Homes Appraised?

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AmeriMac

APRIL 29, 2021

While home appraisals help lenders confirm accurate sales prices, sellers can benefit from receiving the best and most precise price for their homes. Whether you’re an owner, seller or buyer, it’s critical you understand what the appraisal process is and how appraisers determine your home’s value. How Are Homes Appraised?

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Appraisal Appraisal Process Inspection Sellers 36

AmeriMac

APRIL 29, 2021

While home appraisals help lenders confirm accurate sales prices, sellers can benefit from receiving the best and most precise price for their homes. Whether you’re an owner, seller or buyer, it’s critical you understand what the appraisal process is and how appraisers determine your home’s value. How Are Homes Appraised?

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Appraisal Appraisal Process Inspection Sellers 36

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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The Robert Weiler Company

OCTOBER 21, 2022

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. Question 6: What is the overall commercial real estate appraisal process?

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Realvals

JUNE 18, 2023

And others may say that an appraisal can point out any current issues with your home that may need to be addressed. Appraisers don’t inspect electrical, plumbing, insulation, or anything else of the sort. As a property owner, you should be aware of the appraisal process during this acquisition.

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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. Understanding the commercial real estate appraisal process is crucial for anyone involved in the buying or selling of commercial properties.

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AmeriMac

AUGUST 10, 2022

When you are selling your home, a home appraisal is a process that will determine your home’s fair market value. It’s much different from an in-depth home inspection that is done to find any small defects in the property. That falls under the umbrella of a home inspection rather than an appraisal.

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Clear Capital

DECEMBER 21, 2022

In an ideal world, an appraiser would have comparable sales in the same neighborhood with the same characteristics, similar construction style, square footage, lot size, room counts, upgrades, exterior amenities, condition, and quality of construction. In the appraisal world, this is called “Deferred Maintenance.”

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Round Rock Appraisal

JUNE 10, 2015

Incorporating photos into the report gives the overall report a great deal more accuracy as to the condition and appearance of a home and credibility to the appraiser. Photos also show the consistency and quality of construction and upgrades. Photos not only backup the appraiser, but also the homeowner.

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Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? What if the home doesn’t appraise for the contract value? Some people confuse a real estate appraisal with a home inspection.

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Housing Wire

JANUARY 19, 2022

To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%. Lenders leapt at the opportunity to conduct appraisals remotely, especially in the northeastern part of the country.

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Housing Wire

DECEMBER 8, 2023

Should they consider new construction? Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through. With a changing market, home inspections are now becoming a secondary point of negotiation.

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Housing Wire

OCTOBER 2, 2024

Should they consider new construction? Guide your buyer through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, appraisal process, and final walk-through. Home inspections have become a secondary point of negotiation. Should they buy first or sell first?

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Appraisal Hub

FEBRUARY 15, 2024

These appraisals are more complex, considering factors such as revenue generation, operating costs, tenant contracts, and market position. Physical Inspection: A thorough inspection of the property to assess its condition, quality of construction, and any features that may affect its value.

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D Fritz Appraisals

OCTOBER 11, 2022

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

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D Fritz Appraisals

OCTOBER 22, 2019

Fritz Appraisals is one of Victoria’s longest standing appraisal firms, with more than 40 years of experience in all aspects of the real estate industry in Victoria, BC. Likewise, use things like online reviews to help you decide on which company will be best at meeting your home appraisal needs. The property appraisers at D.

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Appraisal Today

JANUARY 5, 2024

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Streamline my appraisal process (10%) Plus 3 more To read more, Click Here My comments: Interesting stats! Be a part of the profession blamed for the collapse of the savings and loan industry. percent of total applications from 39.4

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