Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What are some of the benefits of desktop appraisals?

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AmeriMac

JANUARY 31, 2025

Appraisals are crucial for buyers, sellers, lenders, and government agencies in real estate transactions. How Appraisals Impact Real Estate Transactions The appraisal process is vital in real estate deals, impacting buying, selling, and refinancing properties. Think about fixing small issues.

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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. This wild west attitude with data collectors can diminish confidence in the appraisal process.

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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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Appraisal Today

SEPTEMBER 6, 2024

We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles“ Some brokers regard the appraiser as an adversary, who potentially can ruin their deal and end up without commission. Most mortgage rates moved lower last week, with the 30-year fixed rate edging down slightly to 6.43

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AmeriMac

NOVEMBER 30, 2023

Appraisers can work independently or as part of appraisal firms, real estate appraisal departments, financial institutions, corporations, or government agencies. Becoming a commercial appraiser requires appropriate education, training, experience, and certification. Contact us at AmeriMac today!

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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. This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac. baths, 2,973 sq.ft., built in 1971, 0.34

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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 6: What is the overall commercial real estate appraisal process?

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AmeriMac

MARCH 29, 2024

In this blog, we will explore everything you need to know about reverse mortgage appraisals, including the basics of how reverse mortgages work, the eligibility criteria for a reverse mortgage, the role of appraisals in the process, and the appraisal process itself. Let’s dive deeper into the details.

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. The concrete foundations had been destroyed.

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AmeriMac

OCTOBER 28, 2024

Different from traditional transactions, they are owned by financial institutions or government agencies like Freddie Mac or HUD. Purchasing through channels like HUD Home Store or MLS requires understanding their unique characteristics and buying processes. Consider the impact of deferred maintenance and potential renovation costs.

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Appraisal Today

JUNE 28, 2024

The void in representation by the appraisal industry over the past decade on the AVM issue, to talk about those 200 feral cats living in the house being valued, has enabled AVMs to be legitimized by the federal government. At least one ghost town was purchased by a brave soul, who is documenting the harrowing renovation process.

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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%. Lenders leapt at the opportunity to conduct appraisals remotely, especially in the northeastern part of the country.

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PennyMac

JUNE 28, 2022

With HELOCs, in some instances, the government allows homeowners a tax deduction for interest payments. From renovations to additions, projects that increase the value of your home also help contribute to your home equity. It all depends on the appraisal process, documentation timeline and the lender’s underwriting process.

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