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

Appraisal Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” There will be many more data elements related to the inspection. Using a mobile device for inspections will be a must in the future. We can learn from this beautiful prose.

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Appraisal Inspection Lending Training 370

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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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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Appraisal Process Real Estate Appraisal Easement 78

DW Slater Company

FEBRUARY 24, 2022

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. The appraiser may be able to use remote tools to view or sketch the property.

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The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. What Does the Probate Process Look Like?

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Real Estate Appraisal Legal Valuation 133

Birmingham Appraisal

JUNE 19, 2024

Understanding Confidentiality in Real Estate Appraisal The confidentiality of an appraisal report is a cornerstone of professional appraisal practice. According to the USPAP, appraisers are required to uphold confidentiality to protect the interests of their clients and maintain the integrity of the appraisal process.

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Appraisal Appraisal Process Clients Real Estate 83

Padove Appraisal Service

JANUARY 11, 2019

In short, any reliable valuation of a home requires the expertise of a local appraiser. A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae). This doesn’t have to be part of the mortgage process.

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Appraisal Inspection Valuation Buyers 78

AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

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Appraisal Process Appraisal Sellers Buyers 36

AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

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Appraisal Process Appraisal Sellers Buyers 36

Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation.

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Appraisal Tips Appraisal Property Inspector Training 78

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

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Sellers Real Estate Appraisal Appraisal Process 88

DW Slater Company

FEBRUARY 24, 2022

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. The appraiser may be able to use remote tools to view or sketch the property.

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Inspection Tools Appraisal Technology 78

AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

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Appraisal Process Appraisal Sellers Buyers 28

Chicagoland Appraisal Blog

MAY 13, 2021

Some appraisers work separately and have their own private businesses while others may work for a bank or an appraisal firm that employs many appraisers. . What Is the Home Appraisal Process? To begin the process of having your home appraised, you’ll need to select an appraiser and schedule their inspection.

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Appraisal Renovations Home Value Real Estate 88

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. To me, the big issue is who is doing the inspections. Read the full report.

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Appraisal Training Inspection Real Estate 88

Appraisal Today

MARCH 15, 2024

Urban, Suburban, Rural in Appraisals Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! USPAP does not require use of the specific term “personal inspection”. Answer: No.

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Appraisal Inspection Modernization Business 71

Assurance Financial

APRIL 29, 2021

The first number refers to the length of the introductory period, while the second is how often the rate can adjust. Amortization is the process of paying off a loan over a set period. Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process. Home Inspection.

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Appraisal Today

OCTOBER 6, 2023

All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. You can also purchase a linked digital version of the eUSPAP and Guidance and Reference Manual and get seamless access across both documents.

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Appraisal Contracts Real Estate Mortgage 80

AmeriMac

FEBRUARY 25, 2021

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. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. What are the Differences Between FHA and Conventional Loans?

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Appraisal Insurance Appraisal Process Market Value 36

AmeriMac

FEBRUARY 25, 2021

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. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. What are the Differences Between FHA and Conventional Loans?

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Appraisal Insurance Appraisal Process Market Value 36

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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Appraisal Real Estate Agent Renovations Home Value 69

Birmingham Appraisal

MAY 2, 2023

What is a Retrospective Appraisal? A retrospective appraisal is an appraisal that is performed on a property with an effective date that has occurred before the actual date of the inspection. The date of inspection is the date the property was viewed.

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Appraisal Market Value Inspection Real Estate 52

AmeriMac

JANUARY 15, 2024

Understanding the role of a home appraiser, the importance of a home appraisal, and the factors to consider when choosing an appraiser are key to making an informed decision. So, let’s dive in and discover how to find the best local home appraiser.

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Appraisal Appraisal Process Valuation Real Estate 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. Question 6: What is the overall commercial real estate appraisal process?

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Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

FEBRUARY 25, 2021

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. Properties bought via the FHA loan go through an appraisal process similar to a conventional loan. What are the Differences Between FHA and Conventional Loans?

Appraisal 28

Appraisal Insurance Appraisal Process Market Value 28

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

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

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Appraisal Inspection Valuation Lending 28

Listing Spark

OCTOBER 9, 2023

For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. Homeowners choose this route to save on commission fees and maintain greater control over the sales process. What is For Sale By Owner?

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Real Estate Agent Legal Real Estate Sellers 36

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? Some people confuse a real estate appraisal with a home inspection.

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Real Estate Appraisal Inspection Contracts 28

Appraisal Today

OCTOBER 11, 2024

This demonstrates the issue of uncertainty and “relative reference.” Some negative outcomes may include: Limitation of investigative property inspection, work scope, anomalies, and interaction with the lender client when unique situations arise. Question: What improvements is the VA planning to its appraisal process?

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Appraisal Insurance Contracts Valuation 76

D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a legal document that determines fair market value for a property. The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional.

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Appraisal Inspection Appraisal Process Legal 108

D Fritz Appraisals

OCTOBER 22, 2019

Fritz Appraisals is one of Victoria’s longest standing appraisal firms, with more than 40 years of experience in all aspects of the real estate industry in Victoria, BC. Likewise, use things like online reviews to help you decide on which company will be best at meeting your home appraisal needs. The property appraisers at D.

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Appraisal Property Appraisal Real Estate Appraisal Process 78

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. Non-traditional appraisals to the rescue. Fair housing, are you kidding me?”. .”

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Appraisal Valuation Inspection Law 368

Housing Wire

OCTOBER 29, 2024

The current state of appraisal waivers Since Fannie Mae’s introduction of appraisal waivers in December 2016 and Freddie Mac ’s in June 2017, appraisal waivers—formerly known as Property Inspection Waivers (PIWs)—have become standard in the industry. Hybrid appraisals are not new or unique.

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Appraisal Valuation Modernization Appraisal Process 459

Clear Capital

JANUARY 5, 2023

Unfortunately, they also resulted in a disproportionate benefit to white families and furthered neighborhood segregation under policies referred to as redlining. “The appraiser profession needs greater diversity, allowing those involved in the process to reflect the diverse communities they serve.”

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Appraisal Modernization Valuation Appraisal Process 69