Housing Wire

DECEMBER 21, 2023

MYTH: The appraisal process for VA loans is more stringent and difficult than conventional loans. REALITY: The appraisal process is similar to conventional and other government-sponsored loans. The VA approves and contracts with local appraisal professionals to ensure a seamless process.

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Mortgage Renovations Appraisal Process Finance 468

Housing Wire

SEPTEMBER 25, 2021

” Ishbia also touted UWM’s Appraisal Direct program, which will bring the appraisal process in-house on Oct. 1, allowing UWM to contract with appraisers directly and offering appraisers and brokers a way to bypass appraisal management companies. Time kills deals; Bolt saves deals.

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Appraisal Appraisal Process Contracts Business 397

Housing Wire

SEPTEMBER 23, 2021

9 that it will no longer require its brokers to use appraisal management companies to complete appraisals. The lender will instead coordinate appraisals in-house, contracting with appraisers directly, offering appraisers and brokers a way to bypass AMCs altogether, which UWM CEO Mat Ishbia characterizes as “middlemen.”.

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Valuation Technology Appraisal Modernization 397

Appraisal Buzz

DECEMBER 27, 2021

There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Some people argue that improper appraisals are skewing the system and contributing to industry bias.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

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.

Appraisal 76

Appraisal Easement Real Estate Agent Valuation 76

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. PCV Murcor finds the best qualified independent appraisers based on geographical expertise and capability.

Clients 397

Clients Valuation Real Estate Appraisal 397

Riverfront Appraisals

FEBRUARY 22, 2023

As I’ve written about this topic […] The post FAQ #8: What Happens When the Appraisal Comes Back Under Contract Price? appeared first on Riverfront Appraisals. I’ve written about it a few times over the years, but since the question keeps popping up, I’ll keep writing about it!

Contracts 108

Contracts Appraisal Appraisal Process Real Estate 108

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.

Appraisal Process 78

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.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Appraisal Valuation Inspection Law 364

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

Housing Wire

APRIL 6, 2021

For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. An LO in Texas told HousingWire that the competition is intense where he is, and buyers are “doing extraordinary things,” which has changed deal structures. It’s made deals more challenging.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

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Appraisal Inspection Real Estate Agent Training 435

Housing Wire

MAY 2, 2022

In October, FHFA Acting Director Sandra Thompson announced at the MBA’s annual conference that Fannie Mae and Freddie Mac would begin permanently accepting desktop appraisals for conventional loans, noting that “frictions in the appraisal process” can slow down turn times, especially in rural areas.

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Appraisal Valuation Technology Inspection 418

Appraisal Buzz

DECEMBER 9, 2024

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. This is shorthand that every experienced appraiser knows and understands please dont @ me.

Appraisal 358

Appraisal Marketing Valuation Tools 358

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. That contract or agreement you make when you accept a job is critical.

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Appraisal Clients Inspection Appraisal Process 221

Appraisal Buzz

APRIL 15, 2024

Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

Appraisal 397

Appraisal Design Lending Technology 397

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

If an agent includes the square footage of a finished basement in what they report as finished above-ground square footage, this can have a negative impact on the appraisal process. Fires, multiple offers, & new flooring – Sacramento Appraisal Blog. Is My Home Appraisal Confidential? – APPRAISAL TODAY.

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Agents Appraisal Renovations Development 378

AmeriMac

MARCH 31, 2025

The appraisal process is critical in the real estate industry. In the past, this process required a lot of manual work and paper reports. Now, technology is making appraisals easier and more efficient. By using new tools and digital methods, New Albany sets a good example for efficient and dependable appraisal management.

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Technology Appraisal Appraisal Process Valuation 36

Realtor

NOVEMBER 1, 2023

Getting under contract Signing a contract to purchase a home comes next. VA appraisal Once a veteran is under contract, their lending team will order an appraisal, which is conducted by an independent VA appraiser. It also shows home sellers and listing agents that you’re a strong home-buying candidate.

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Real Estate Agent Contracts Finance Real Estate 127

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The most recent asking price is “really the moment the property entered the market,” he said.

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Marketing Real Estate Appraisal Sellers 221

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.

Real Estate Agent 87

Real Estate Agent Real Estate Agents Reconsideration of Value 87

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.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Cleveland Appraisal Blog

JANUARY 7, 2021

However, what if the car salesman said that the buyer would have to sign a contract stating that they could not resell the second car? CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. They would just have to figure out a way to use it.

Appraisal 347

Appraisal Inspection Legal Real Estate 347

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.

Appraisal 109

Appraisal Contracts Clients Marketing 109

Empire Appraisal Group

NOVEMBER 3, 2022

Forty-seven percent of real estate professionals say they have had a transaction fall through due to a problem in the appraisal process, according to the National Association of REALTORS®’ 2022 Appraisal Survey.

Appraisal 78

Appraisal Appraisal Process Real Estate Legal 78

AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

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.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

Realtor

DECEMBER 4, 2019

A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home. What is the job of an appraiser? Who pays for the appraisal?

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Appraisal Real Estate Inspection Property Appraisal 138

Birmingham Appraisal

AUGUST 23, 2023

Navigating Complex Properties: In cases of unique or complex properties, agents and appraisers collaborate to ensure accurate valuations. Navigating Negotiations with Confidence: Accurate appraisals empower agents to negotiate confidently, armed with objective valuations that are essential for reaching successful agreements.

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Agents Appraisal Valuation Appraisal Process 91

Padove Appraisal Service

FEBRUARY 27, 2023

The appraiser will also discuss the purpose of the appraisal such, estate planning, or tax purposes. The appraiser will explain the appraisal process and the methods used to estimate the property’s value. An estimate of the cost and timeline for the appraisal will be given during the consultation.

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Appraisal Real Estate Real Estate Agent Appraisal Process 145

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

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Sellers Real Estate Appraisal Appraisal Process 88

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

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

SEPTEMBER 15, 2022

As you can see, there are major differences between home appraisals and home inspections and both are very important. There are numerous steps in the appraisal process and it’s important to know each step involved. Steps in the Appraisal Process. What If The Appraisal Is Less Than The Contract?

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Appraisal Inspection Appraisal Process Real Estate Agent 98