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

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.

Sellers 88

Sellers Real Estate Appraisal Appraisal Process 88

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. The appraiser must refer to the company’s past net earnings performance and process that figure by capitalizing this number to a present value.

Valuation 147

Valuation Business Buyers Market Value 147

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. What Does the Probate Process Look Like?

Real Estate 133

Real Estate Appraisal Legal Valuation 133

Appraisal Today

FEBRUARY 28, 2025

If this seems overwhelming to you or other post-licensing appraisers, it is not your fault. I was unable to refer wannabes to professional associations as they only wanted classes for members, not for new appraiser. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57

Appraisal 55

Appraisal Real Estate Contracts Training 55

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. Additionally, appraisers are only qualified to comment on the observed condition of a property.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Padove Appraisal Service

JANUARY 11, 2019

In short, any reliable valuation of a home requires the expertise of a local appraiser. A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae). If you are purchasing a house, this is not acceptable.

Appraisal 78

Appraisal Inspection Valuation Buyers 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 28

Appraisal Process Appraisal Sellers Buyers 28

D Fritz Appraisals

AUGUST 12, 2019

Understanding the differences between an appraisal and an inspection will help you understand when you might need one or the other – or both – before you buy your first home. Let’s explore the similarities and differences between a home inspection and a home appraisal. What Is a Home Appraisal?

Inspection 98

Inspection Appraisal Property Appraisal Real Estate 98

Appraisal Today

OCTOBER 6, 2023

All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. You can also purchase a linked digital version of the eUSPAP and Guidance and Reference Manual and get seamless access across both documents.

Appraisal 80

Appraisal Contracts Real Estate Mortgage 80

Birmingham Appraisal

SEPTEMBER 26, 2023

Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area. Appraisal Challenges: Listings that were priced using outlier sales can pose challenges during the appraisal process. If you liked this post subscribe by email (or RSS feed ).

Real Estate Agent 94

Real Estate Agent Real Estate Clients Agents 94

Birmingham Appraisal

APRIL 11, 2023

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.

Realtors 93

Realtors Bracketing Appraisal Buyers 93

Appraisal Today

JUNE 21, 2024

It tells us more about the trend one month ago when the property got into contract. This is where we want to give strong respect to other similar units that are getting into contract. Therefore, a neutral appraiser was needed to estimate its market value, so as to determine the price and penalty. That’s what matters most.

Appraisal 71

Appraisal Architecture Contracts Design 71

Appraisal Today

AUGUST 23, 2024

This book is very useful for all residential appraisers, especially those who work for lenders, with many references to Fannie guidelines, USPAP, etc. The new book explores all aspects of homeownership, value, and economics and details all the appraisal process steps. The book is still relevant in 2024. percent from 6.54

Appraisal 70

Appraisal Contracts Investors Property Appraisal 70

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 appraisal report is shared with the lender, who is the client in this scenario. percent from 7.09 percent from 6.71

Appraisal 75

Appraisal Valuation Law Contracts 75

Appraisal Today

OCTOBER 11, 2024

This demonstrates the issue of uncertainty and “relative reference.” 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. Question: What improvements is the VA planning to its appraisal process? percent from 6.14

Appraisal 76

Appraisal Insurance Contracts Valuation 76

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 read more, including 80+ appraiser comments, click here I read all the comments.

Appraisal 88

Appraisal Training Inspection Real Estate 88

Appraisal Today

MARCH 15, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. These modern labels are often heralded as a cure-all for the perceived inefficiencies and biases of traditional mortgage appraisal processes. percent from 7.02 percent from 7.21

Appraisal 71

Appraisal Inspection Modernization Business 71

Appraisal Today

MAY 17, 2024

With the plethora of data available today, could an appraiser living hundreds or even thousands of miles away gain sufficient knowledge of local market conditions, trends, and regulations to produce accurate and reliable appraisals? The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.86

Tools 66

Tools Appraisal Renovations Design 66

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?

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Listing Spark

OCTOBER 9, 2023

For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. Homeowners choose this route to save on commission fees and maintain greater control over the sales process. What is For Sale By Owner? Consulting with an attorney can help ensure compliance.

Real Estate Agent 36

Real Estate Agent Legal Real Estate Sellers 36

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.

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

The People's Appraisal Blog

JANUARY 30, 2019

They were installed as the “Middle Man” between appraisers and lenders to help insure Appraiser independence and manage the appraisal ordering process. So referring back, one AMC had a surety bond in NC that was for $25,000. Notice how Agents is in Bold? I’ll explain shortly. Some don’t.

Appraisal 36

Appraisal Law Agents Real Estate 36

Housing Wire

JANUARY 11, 2022

Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I Petersburg, Florida-based appraiser Francois “Frank” Gregoire. “I I was extremely upset that any of that stuff would be in an appraisal report.”.

Appraisal 417

Appraisal Training Real Estate Appraisal Process 417

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.

Appraisal 368

Appraisal Valuation Inspection Law 368

Clear Capital

JANUARY 5, 2023

Unfortunately, they also resulted in a disproportionate benefit to white families and furthered neighborhood segregation under policies referred to as redlining. While the issue of bias in the appraisal process is not new, the regulatory scrutiny and efforts to address underlying systemic reasons are just now coming to bear.

Appraisal 69

Appraisal Modernization Valuation Appraisal Process 69