Birmingham Appraisal

SEPTEMBER 26, 2023

Whether you’re a seasoned real estate agent or a curious homeowner, understanding the dangers of outlier sales can help ensure a more accurate and fair representation of property values. Inconsistent Results Outlier sales are, by definition, inconsistent with the majority of transactions in a market.

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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. The post Does the Home You Want To Buy Qualify for a USDA Loan?

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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?

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Appraisal Today

AUGUST 25, 2023

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! On Friday, NAR put out a notice asking appraisal members in the affected areas to alert their non-member colleagues. Or hit the reply button.

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AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. This post will cover everything you need to know about REO appraisals. We will also discuss what happens if an REO appraisal is low and how it impacts property value.

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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. By definition, sales that are in a superior area would not be in a competitive market area.

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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. Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. They should definitely not be paid the same.

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Appraisal Today

DECEMBER 2, 2022

Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines.

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Appraisal Today

JUNE 28, 2024

Kiedrowski, MNAA Reforming the appraisal review process is essential to maintaining the integrity of the real estate market and protecting consumers and homeowners Excerpts: In mortgage financing, the appraisal process is often seen as the foundation of accurate property valuation and market stability.

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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. know why a comp was not used.

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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.

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Appraisal Today

JANUARY 19, 2024

Appraisers must, therefore, frame their response within the matrix of avoiding any of any and all types of biases, not merely racial biases. In addition, real estate appraisals must rid itself of the language and any practices that suggest bias in the appraisal process. But I never did any marketing.

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Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

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Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

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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. Is it an appraisal issue?

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Appraisal Today

SEPTEMBER 23, 2022

The whole house is set up for entertaining,” Helgren (real estate agent) says. Pre-listing, pre-purchase, pre-sale appraisal. Minus: You may have some hassles with the real estate agent if they disagree with you. Done for divorce and sometimes for estates. Definitely a conflict.

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AmeriMac

DECEMBER 15, 2021

That same study revealed that the second appraisals tended to come up at roughly 4% higher than the ones that were originally conducted soon after Fannie Mae took ownership of the homes. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

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AmeriMac

DECEMBER 15, 2021

That same study revealed that the second appraisals tended to come up at roughly 4% higher than the ones that were originally conducted soon after Fannie Mae took ownership of the homes. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

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Appraisal Today

APRIL 7, 2023

Communicating quickly with the lender is an issue with the appraisal process. Below are just a few of the ways appraisers can utilize their expertise to diversify their practice and earn the many – yet sometimes elusive – non-lender work opportunities that exist in today’s market.

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Appraisal Today

MAY 17, 2024

Geographic “Data” Competency refers to an appraiser’s ability to effectively understand, interpret, and utilize geographic data in the appraisal process. In the context of real estate appraisers, it is essential for accurately valuing properties and providing credible appraisal reports.

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. The vineyards have a wide range of sizes.

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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? How much does it cost?

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Listing Spark

MARCH 15, 2022

One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. What is the home appraisal process like? What will hurt my appraised value?

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Appraisal Today

DECEMBER 23, 2022

This situation is very common in estate appraisals, where the home needs work before putting on the market. Sometimes they don’t trust real estate agents. If appraisers are required to use any arbitrary number, the result will be less than optimal. Appraisals are ordered after the loan application.

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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. But there’s a real impact, you know, there’s a real disparate impact on on people of color. Jeff Allen. Jeff Allen. Kenon Chen.

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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. Related article Our 19-point house-hunting checklist for real estate agents & their clients 5.

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Appraisal Today

AUGUST 13, 2023

I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. It definitely can be very useful, as Dustin explains. As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. And I feel it myself.

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