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! ” “The definition of market value.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

AmeriMac

MAY 30, 2024

Traditionally, appraisals required physical inspections of the property, where appraisers would visit the site to assess its condition and gather relevant data. This process is conducted entirely at the appraiser’s desk, hence the name “desktop appraisal.”

Appraisal Process 36

Appraisal Process Appraisal Inspection Real Estate 36

McKissock

DECEMBER 1, 2020

Our goal is simply to provide illumination and help you understand the advantages and challenges of these appraisal services so that you can make well-informed decisions on whether to accept or reject a hybrid or bifurcated appraisal assignment. What is a bifurcated appraisal? Why call it an enhanced desktop appraisal?

Appraisal 58

Appraisal Inspection Appraisal Process Real Estate 58

Realtor

MARCH 7, 2023

This is definitely the case if you’re considering a USDA loan from the Department of Agriculture. 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.

Inspection 111

Inspection Appraisal Market Value Finance 111

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

McKissock

JANUARY 22, 2021

A major selling point for completing hybrid or bifurcated appraisals is that the appraiser will save a good deal of time by not inspecting the property, not taking photos of comparable sales, and not sitting in traffic. The remaining 3.5 hours is spent on completing the research, analysis, and reporting.

Appraisal 63

Appraisal Inspection Valuation Development 63

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.

Valuation 69

Valuation Appraisal Inspection Appraisal Process 69

McKissock

MAY 20, 2023

Appraisers do not walk into a property and just know how much it’s worth. The inspection of the property is just one part of the appraisal process. Also, appraisers do not determine value. My supervisor always says, “Appraising is not a science, it’s an art.”

Appraisal 97

Appraisal Real Estate Training Appraisal Process 97

Housing Wire

DECEMBER 7, 2023

Full practice exams, quizzes with over 400 exam prep questions, on-demand course review videos, e-textbook, online note taking feature, Terms & Definitions, makeup for missed classes All features of online class + textbook. Classes meet 4 x per week for 2 weeks. All features of online class + textbook. Classes meet Sat. for 2 weeks.

Real Estate 435

Real Estate Real Estate Agent Law Brokerage 435

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.

Appraisal 88

Appraisal Training Inspection Real Estate 88

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.

Appraisal 88

Appraisal Renovations Home Value Real Estate 88

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.

Appraisal 71

Appraisal Inspection Modernization Business 71

AmeriMac

DECEMBER 30, 2023

This post will cover everything you need to know about REO appraisals. We will start with the definition and purpose of these appraisals, followed by how they work, the factors considered in them, and preparing for an appraisal. Accurate appraisals are vital for facilitating smooth real estate transactions.

Real Estate 36

Real Estate Appraisal Inspection Valuation 36

Assurance Financial

APRIL 29, 2021

If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Use the home loan glossary below to get familiar with terms and definitions that might be new to you. Home Inspection.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

Aedis Appraisals

AUGUST 17, 2017

When you’re discussing appraisals or considering an appraisal of a residential property, time is also a major factor. A delay in the appraisal process can cost the lender important business and can cost the client if the process is not completed in a timely manner, while the interest rates are low, for example.

Real Estate 36

Real Estate Appraisal Inspection Appraisal Process 36

Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. This covers all Definitions, Rules, and Standards. It shows a fundamental lack of understanding of what appraisers do.

Appraisal 80

Appraisal Contracts Real Estate Mortgage 80

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. Doing a national appraisal conference during the 2008 crash was risky but very much needed by appraisers.

Appraisal 83

Appraisal Agents Real Estate Real Estate Agent 83

AmeriMac

NOVEMBER 15, 2021

Because a home equity loan very specifically involves the difference between the current value of your home and what is still left on the mortgage, it stands to reason that those lenders will want to know exactly what the property is worth – which is why in the vast majority of all situations, an appraisal will be required.

Appraisal 36

Appraisal Renovations Inspection Appraisal Process 36

AmeriMac

NOVEMBER 15, 2021

Because a home equity loan very specifically involves the difference between the current value of your home and what is still left on the mortgage, it stands to reason that those lenders will want to know exactly what the property is worth – which is why in the vast majority of all situations, an appraisal will be required.

Appraisal 36

Appraisal Renovations Inspection Appraisal Process 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

AmeriMac

DECEMBER 15, 2021

These appraisals are typically conducted by licensed and certified experts and are based on, among other things, similar homes in the same neighborhood and other factors pertaining to the market. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

AmeriMac

DECEMBER 15, 2021

These appraisals are typically conducted by licensed and certified experts and are based on, among other things, similar homes in the same neighborhood and other factors pertaining to the market. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

Appraisal Today

SEPTEMBER 23, 2022

House Bill 7735 “Improving Access to the VA Home Loan Act of 2022” Excerpts: “The bill will encourage important reforms to the agency’s requirements regarding when an appraisal is necessary, how appraisals are conducted, and who is eligible to conduct an appraisal. Then writing the appraisal from home.

Appraisal 52

Appraisal Marketing Business Appraisal Process 52

Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information.

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Contracts 52

Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. So it’s something that is definitely worth further investigation. The home inspection took longer. Jeff Allen. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Appraisal 69

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.

Appraisal 77

Appraisal Contracts Business Legal 77

Housing Wire

FEBRUARY 19, 2025

Buyers agents are not just bright smiles that open doors were the guide our clients rely on to navigate the homebuying process. Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. These include contingency deadlines, financing requirements, inspection periods, and closing dates.

Inspection 372

Inspection Clients Buyers Real Estate 372