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Below is a detailed explanation of each technique to ensure the adjustments are well-supported and align with market trends. The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisalprocess.
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 appraisalprocess?” Thank you to the large number of appraisers who shared their input! ” “The definition of marketvalue.”
Here are five tips for appraising green homes that you can use as guidance. You must independently determine whether there is sufficient information available to develop a reliable opinion of marketvalue for each individual property. Free guide: Want more tips for appraising green homes? Dig deep for comparables.
In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s marketvalue” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.
In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s marketvalue” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.
In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s marketvalue” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.
Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisalprocess. During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home.
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