Appraisal Buzz

SEPTEMBER 5, 2022

It took several years to re-establish effective and meaningful communication between appraisers and their lending partners. Users will re-engage the appraiser once they attain a level of confidence in that professional’s ability. Is there room for more improvement? Technologies are moving fast.

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Housing Wire

APRIL 27, 2021

The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. In many of those reviewed, there is a strong desire to keep appraisals and appraisers as key components of the mortgage lending process.

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Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate.

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Cleveland Appraisal Blog

AUGUST 25, 2022

Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. This should include repairing any structural damage or major systems before you think about design. Cleveland Appraisal Blog offers a wealth of free information on every aspect of the appraisal process.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

To make this determination, the appraiser must first determine the Highest and Best Use of the land. To help the public to realize that our work as appraisers, is not as simple as many who are not appraisers, say it is, or how simple things may look on paper. REMAINING ECONOMIC LIFE FOR LENDING PURPOSES.

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Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.

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Appraisal Inspection Appraisal Process Valuation 135

Simonson Real Estate

SEPTEMBER 16, 2021

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.

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Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.

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Appraisal Inspection Appraisal Process Valuation 78

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.

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Appraisal Inspection Appraisal Process Valuation 78

Birmingham Appraisal

AUGUST 2, 2023

Education and Qualifications Beyond the basic licensing requirements, top-tier appraisers often pursue additional education and professional designations to enhance their skills and knowledge. Look for appraisers who hold designations such as the SRA ( Senior Residential Appraiser from The Appraisal Institute ).

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Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. We applaud this move and are dedicated to supporting lenders in the adoption of 1004 Desktop appraisals.

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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. To avoid this, agents should use the same criteria appraisers do when selecting true comparables.

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D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

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McKissock

JULY 20, 2021

The root of many misconceptions about the appraisal inspection is the word “inspection” itself. Can an appraisal inspection substitute a home inspection? An appraisal inspection should not be used as a substitute for a home inspection. Appraisals and home inspections have differing clients and intended uses.

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Clear Capital

APRIL 21, 2021

“Clear Capital’s valuation products will help us expand our reach and serve our client base more effectively by allowing us to ultimately deliver the tools lenders, appraisal management companies, and appraisers need to better serve their own customers.”. ” ###. For more information, visit AppraisalVision.com. Media Contact.

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McKissock

JANUARY 22, 2021

Take a deep dive into bifurcated appraisals with our new CE course: Best Practices for Completing Bifurcated and Hybrid Appraisals. Appraisers are regularly told by proponents of bifurcated and hybrid appraisals that the segregated work model is designed so that the signing appraiser can complete the valuation in less than 60 minutes.

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. She designed more than 700 buildings in California during a long and prolific career. Yes, appraisers do this.

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Appraisal Today

AUGUST 2, 2024

And, if there were five or more units on the site, it would be something a commercial appraiser would handle via a narrative format. Then, along came accessory dwelling units (ADU), which in some states and cities are messing with established appraisal and lending systems. Ah, the good old days. FHLMC), the VA and FHA.

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Appraisal Today

AUGUST 25, 2023

It’s designed to mimic a tree growing with the branches and the roots down on the bottom, with the branches reaching up,” Steeves-Haith explains. On Friday, NAR put out a notice asking appraisal members in the affected areas to alert their non-member colleagues. Never be dependent on the ups and downs of lending again!

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Appraisal Today

SEPTEMBER 6, 2024

lot, built in 1976 This architecturally significant home known as The Owl House was the only house in Carmel-by-the-Sea designed by renowned architect, Mickey Muennig, offering a terrific downtown location with Muennig’s unmistakable Big Sur style. 8,100 sq.ft.

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Appraisal Today

JUNE 21, 2024

Developed over time with the guidance of prominent designer John Saladino initially and then later with the legendary architect Peter Marino who reimagined the structure back in 2005 and oversaw a 10,000 square foot addition to the house. Tssui designed the home for his parents, who lived in it from 1995 until 2014.

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Realvals

JUNE 18, 2023

The appraisal helps in establishing the loan-to-value (LTV) ratio. The LTV is a percentage that represents the amount of money to lend compared to the value of the home. As a property owner, you should be aware of the appraisal process during this acquisition.

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AmeriMac

SEPTEMBER 30, 2023

This blog post will explore the importance of relocation appraisal and its purpose and approach. We’ll also discuss how it differs from mortgage appraisal, specifically designed to facilitate mortgage lending. Sometimes, the employer offers employees a guaranteed buyout to expedite the process.

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Appraisal Today

APRIL 12, 2024

But if for lending, it might be rejected on review by GSE computers or humans. It is written for real estate agents and has general information on appraisal at the beginning. Why Doesn’t Anyone Want Tulsa’s Frank Lloyd Wright-Designed Home? I had never seen anything written about this situation. Excerpts: 5 bedrooms, 4.5

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Appraisal Today

JUNE 28, 2024

The technology has been drifting into mortgage lending reliance for more than a decade because it has been marketed as having the ease of “pushing a button.” The driver behind this final rule was to eliminate potential bias in valuations by replacing appraisers with AVMS. Private Island on New York’s St. baths, 4,474 sq.ft.,

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AmeriMac

MAY 15, 2024

In this blog, we will delve into the world of relocation appraisals and explore their importance in the relocation industry. We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process.

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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. This kept appraisers busy.

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Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . Our mortgage glossary can help you better understand the terminology you’re likely to hear or read as you go through the loan application and homebuying process. Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process.

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McKissock

FEBRUARY 25, 2022

Approach to the appraisal process. Appraisal specializations. ” Related reading: 8 Characteristics of a Successful Real Estate Appraiser. Approach to the appraisal process. Very efficient throughout every process.” ” “I have been in the appraisal business for 33 years.

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Clear Capital

DECEMBER 6, 2022

On the one hand, there is a systematic procedure to the appraisal process. Working the steps in the appraisal practice appeals to my analytical side. Inspecting properties of all different shapes, sizes, and designs appeals to my creative side, the side that loves real estate and design.

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Appraisal Today

OCTOBER 6, 2023

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. It shows a fundamental lack of understanding of what appraisers do.

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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 3: What is a commercial appraisal used for?

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AmeriMac

DECEMBER 15, 2021

The process is not perfect, however – which is where issues like appraisal creep begin to come into play. The Situation With Appraisal Creep: An Overview. It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question.

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AmeriMac

DECEMBER 15, 2021

The process is not perfect, however – which is where issues like appraisal creep begin to come into play. The Situation With Appraisal Creep: An Overview. It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question.

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Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I have confirmed changes at THREE different AMCs: CoreLogic is laying off all W-2 ‘staff’ appraisers, and most of the staff administering those folks.

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

SEPTEMBER 20, 2024

Sale Price Converted $500K Minnesota Bank With Historic Vaults and Bulletproof Glass How AI Tech is Reshaping Appraisal Success From Panic to Profit: One Appraiser’s Story of Survival and Growth Cindy Chance Terminated (Appraisal Institute CEO) Mortgage applications increased 14.2 with over 5,000 members.

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AmeriMac

FEBRUARY 28, 2022

No buyer wants to significantly overpay for a piece of property and no financial institution wants to lend them the money in order to do so. Therefore, the appraisal process becomes a key way to prevent that from happening. What Are Commercial Appraisal Services?

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