Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Lenders, what’s in it for you?

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Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Complexity in Process and Properties.

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Appraisal Partners Blog

MARCH 12, 2025

The FHA Appraisal Process Loan Application: The borrower applies for an FHA loan. Appraisal Order: The lender orders the appraisal through an FHA-approved appraiser. Property Inspection: The appraiser conducts a thorough inspection of the property, focusing on both market value and FHA minimum property standards.

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Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers must remain independent.

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Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers must remain independent.

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Appraisal Process Appraisal Mortgage Buyers 78

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

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D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Renovation loan assessments.

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Realvals

JUNE 18, 2023

Mortgage lenders require an appraisal as part of the loan application process. This helps them determine the loan-to-value ratio and assess the risk associated with financing the property. Unless you are paying all cash, it will be difficult to get a mortgage and finalize your home purchase without an appraisal.

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Dart Appraisal

APRIL 30, 2021

Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations. Planned renovations?

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East Coast Appraisal

SEPTEMBER 12, 2022

This insurance covers the risk of financing a mortgage with less equity from the buyer. Assuming your PMI agreement is eligible and your payments are current, you can move forward with the appraisal process to prove your loan-to-value ratio. . An appraisal might find that the house is now worth $250,000.

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Realtor

DECEMBER 15, 2016

Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

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Realtor

DECEMBER 15, 2016

Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

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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

JUNE 30, 2024

After completion, a report with findings and the final appraised value is given to the lender and borrower. Timeframes vary based on appraisal complexity and the appraiser’s workload. Here is an overview of the steps involved in a home appraisal: Lender orders the appraisal from a licensed appraiser.

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Birmingham Appraisal

SEPTEMBER 3, 2024

Additionally, if a home is priced too high for the current market conditions, it may not appraise for the contract price , causing issues with financing and potentially derailing the sale. Some agents might price a home based on its potential value after renovations or improvements, without considering its current state.

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AmeriMac

MAY 24, 2023

In this blog, we will dive deep into what commercial real estate appraisals entail, why they are so important, who conducts them, and how much they cost. We’ll also cover the different types of commercial properties that can be appraised, the overall appraisal process, and the accuracy of these appraisals.

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AmeriMac

JUNE 15, 2024

Key Highlights Real estate investment properties require accurate appraisals to determine their market value and potential return on investment. The appraisal process involves various valuation methods such as the sales comparison approach, income approach, and cost approach.

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Property Appraisal Investing Appraisal Property Taxes 36

Real Quantum

JANUARY 7, 2023

What is a Commercial Real Estate Appraisal? For everyone that might not be familiar, here is a quick explanation of the commercial real estate appraisal. Commercial Appraisal Process. Commercial real estate appraisal is the process of determining the value of a piece of commercial property.

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Birmingham Appraisal

NOVEMBER 14, 2023

Agents are looking out for the best interests of their clients and always want to sell their houses for the highest amount possible, however, unless a buyer is paying cash and does not need financing they will need to obtain an appraisal. If you have any questions feel free to contact me, I’d be glad to speak with you.

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AmeriMac

NOVEMBER 15, 2024

The appraiser is a neutral third party who honestly assesses the home’s market value. The home appraisal process looks at different factors. The estimated value from this appraisal is essential for getting financing and helps make the real estate transaction go smoothly.

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AmeriMac

APRIL 30, 2023

Appraisals protect the lender’s interests and provide an accurate valuation of the property, which is essential during the home buying and selling process. Additionally, it can also give a homeowner insight on any repairs or renovations that could increase the property value before selling.

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AmeriMac

APRIL 15, 2024

Understanding Home Appraisals A home appraisal is an official estimate of the fair market value of a home conducted by a licensed and impartial professional appraiser. The appraisal process involves gathering information about the home, the surrounding neighborhood, and recent nearby sales to determine the home’s 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. Lenders and investors also rely on commercial appraisals to make informed decisions about financing and investments.

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AmeriMac

JUNE 14, 2021

Data that was gathered by the appraiser can be utilized to determine property values. These appraisals are often used to help financial institutions, brokers and lenders determine the amount of financing that can be leveraged against the property. Estimating value for a construction or renovation project. Conclusion.

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AmeriMac

JUNE 14, 2021

Data that was gathered by the appraiser can be utilized to determine property values. These appraisals are often used to help financial institutions, brokers and lenders determine the amount of financing that can be leveraged against the property. Estimating value for a construction or renovation project. Conclusion.

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Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JUNE 14, 2021

Data that was gathered by the appraiser can be utilized to determine property values. These appraisals are often used to help financial institutions, brokers and lenders determine the amount of financing that can be leveraged against the property. Estimating value for a construction or renovation project. Conclusion.

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Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

MAY 15, 2021

Some scientific factors that may come into play when it comes to an appraisal include: the square footage of the home or building. the amount of the requested financing. Meanwhile, there are also individual state requirements that appraisers must follow when determining the value of a property. The Art of Property Appraisals.

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Property Appraisal Appraisal Real Estate Property Taxes 36

AmeriMac

MAY 15, 2021

Some scientific factors that may come into play when it comes to an appraisal include: the square footage of the home or building. the amount of the requested financing. Meanwhile, there are also individual state requirements that appraisers must follow when determining the value of a property. The Art of Property Appraisals.

Property Appraisal 36

Property Appraisal Appraisal Real Estate Property Taxes 36

AmeriMac

MAY 15, 2021

Some scientific factors that may come into play when it comes to an appraisal include: the square footage of the home or building. the amount of the requested financing. Meanwhile, there are also individual state requirements that appraisers must follow when determining the value of a property. The Art of Property Appraisals.

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Property Appraisal Appraisal Real Estate Property Taxes 36

Quicken Loans

JUNE 10, 2021

Try not to take on additional debt during the house hunting process. Doing so while trying to buy a house at the same time could put your financing in jeopardy. The appraisal protects you and the lender by verifying the home is worth the price you’ve agreed to with the seller.

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Housing Wire

JANUARY 19, 2022

To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

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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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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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