Housing Wire

SEPTEMBER 23, 2021

Others don’t provide appraisers with accurate enough data. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. Incenter recognizes the complexity of the appraisal process.

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Appraisal Buzz

JULY 8, 2024

Heck, appraisal modernization was being discussed by FNMA and Freddie Mac in 2016! Moves to modernize The most recent efforts to “modernize” the appraisal process was highlighted significantly due to the years of the pandemic when appraisal turn times and fees reached all-time highs.

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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. But for all the weaknesses amongst appraisers, who is training the average property data collector on this stuff?

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Appraisal Valuation Inspection Law 369

Housing Wire

JULY 9, 2021

The task is best suited for advanced technologies, collectively referred to as AI and machine learning. House valuations come into play at crucial times in the transaction process; they not only bookend the entire journey but also crop up during the time of “appraisal.”. Technology is not a panacea, nor will it ever be.

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Real Estate Business Valuation Technology 476

Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

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Appraisal Design Lending Technology 397

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Even if I do not include my development of the Cost Approach in my report, I have it in my work file.

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Appraisal Development Valuation Market Value 342

DataMaster

FEBRUARY 3, 2021

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.

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Appraisal Process Appraisal Modernization Training 78

Cleveland Appraisal Blog

OCTOBER 29, 2021

To make this determination, the appraiser must first determine the Highest and Best Use of the land. The use of the word “home” in this article, is referring to the property “improvements”) There are several data sources that appraisers use to obtain this information. Here’s one way.

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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 Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” With the new system, each appraisal may require different data elements and levels of analysis, making it more difficult to establish a uniform pricing model. We can learn from this beautiful prose.

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Appraisal Inspection Lending Training 370

Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

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Appraisal Renovations Architecture Appraisal Process 147

McKissock

MARCH 24, 2022

which states, “Develop a legislative proposal that modernizes the governance structure of the appraisal industry to improve transparency and public participation in the establishment of appraisal standards and appraiser qualification criteria, and to advance diversity in the profession.” Not to be outdone, the U.S.

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McKissock

JULY 20, 2021

The licensing laws and regulations for home inspectors do not permit them to develop opinions of property value like appraisers do. A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser. Why are these roles often confused?

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The Robert Weiler Company

SEPTEMBER 18, 2022

But first, it’s important to understand what is a land appraisal, how it is appraised, the real estate appraisal process, and what to expect. What is a Land Appraisal? Land appraisal is a process of assessing the land value and then developing an opinion of value.

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Appraisal Valuation Real Estate Market Value 78

Valcre

JULY 6, 2022

Commercial Real-estate appraisal refers to determining the value of any kind of commercial property. If you are looking to buy, sell, manage or invest in a commercial property, you need to understand the appraisal process. A professional and licensed commercial real estate appraiser conducts the appraisal process.

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Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. I keep hearing about the automated appraisal. What does that mean?

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Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. I keep hearing about the automated appraisal. What does that mean?

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Appraisal Tips Appraisal Property Inspector Training 78

Appraisal Today

FEBRUARY 28, 2025

———————————————— On Staying Current By Timothy Andersen, MAI Excerpts: In this monograph, we discuss the absolute necessity of developing more than one skill set as part of becoming a competent and professional real estate appraiser.

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Appraisal Real Estate Contracts Training 56

Realtor

AUGUST 24, 2017

Plus, even though appraisers are subject to strict regulations, much of their job is subjective, which means it’s crucial for your home to make a good impression on them. Develop a critical eye. The first step toward getting ready for an appraisal can be the hardest for sellers. Catch up on your home maintenance.

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Realtor

AUGUST 24, 2017

Plus, even though appraisers are subject to strict regulations, much of their job is subjective, which means it’s crucial for your home to make a good impression on them. Develop a critical eye. The first step toward getting ready for an appraisal can be the hardest for sellers. Catch up on your home maintenance.

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Appraisal Real Estate Agent Real Estate Agents 78

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 superior I refer to the different features that contribute to higher sale prices of homes.

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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 ).

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Real Estate Agent Real Estate Clients Agents 94

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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AmeriMac

FEBRUARY 25, 2021

Department of Housing and Urban Development (HUD) uses a variety of standards included in the Single-Family Housing Policy Handbook. Here we discuss all of that in detail: What is an FHA Appraisal? FHA loans refer to mortgages insured and offered by the Federal Housing Administration. Moreover, the U.S.

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AmeriMac

FEBRUARY 25, 2021

Department of Housing and Urban Development (HUD) uses a variety of standards included in the Single-Family Housing Policy Handbook. Here we discuss all of that in detail: What is an FHA Appraisal? FHA loans refer to mortgages insured and offered by the Federal Housing Administration. Moreover, the U.S.

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Appraisal Appraisal Process Insurance Market Value 36

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. The data is then analyzed and used to develop opinions of value.

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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. This report serves as a reference for buyers, sellers, lenders, and investors to make informed decisions regarding the property.

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

FEBRUARY 25, 2021

Department of Housing and Urban Development (HUD) uses a variety of standards included in the Single-Family Housing Policy Handbook. Here we discuss all of that in detail: What is an FHA Appraisal? FHA loans refer to mortgages insured and offered by the Federal Housing Administration. Moreover, the U.S.

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Appraisal Appraisal Process Insurance Market Value 28

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. To read more about the 4 ways, plus information on why I take ads, etc.

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Appraisal Architecture Contracts Design 78

Appraisal Today

MARCH 15, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. Mass Appraisal is defined in the Homeowner’s Guide to Mass Appraisal as “the systematic appraisal of groups of properties as of a given date using standardized procedures and statistical testing.”

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AmeriMac

SEPTEMBER 15, 2021

Comparable sales, also commonly referred to as comps, will also be utilized throughout this process – as they would be in a traditional appraisal. This important work still had to be done and professionals were able to develop techniques that allowed them to do so as accurately as possible.

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Appraisal Market Value Property Taxes Training 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.”.

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Walitt Solutions

JULY 28, 2019

Any time an appraiser chooses to rely on data, the appraiser must determine if there is any reason to mistrust the information; so, the training, expectations, and scope of the inspectors should be understood by the appraiser, in order to properly understand and communicate what assumptions were made.

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