Appraisal Process Finance Renovations 
Housing Wire
DECEMBER 21, 2023
My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements.
Housing Wire
AUGUST 2, 2022
Exterior-only appraisals could help in cases where accessing the property could be difficult or “cause undue delay” in the appraisal process. In order to have the alternative appraisal options, lenders must be approved to participate in the VA’s Lender Appraisal Processing Program.
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Housing Wire
SEPTEMBER 19, 2023
A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Appraisals are required for homes financed with any type of mortgage. Why are appraisals important? Educating your client is part of how you earn your commission.
Simonson Real Estate
JULY 10, 2020
While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What has your experience been navigating the appraisal process? Value Scenarios.
Cleveland Appraisal Blog
AUGUST 25, 2022
You’ve just purchased your first property to renovate. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Let the Renovations Begin! Cleveland Appraisal Blog offers a wealth of free information on every aspect of the appraisal process.
Housing Wire
FEBRUARY 8, 2022
Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.
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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