Housing Wire

SEPTEMBER 13, 2022

Even recently, with technologies like virtual tours or dollhouse-style immersive walkthroughs that provide floor plans, those services can be expensive and require special training and equipment and take a long time to collect data, Allen explains. Buyers aren’t the only ones who benefit from detailed floor plans, either.

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Training Technology Buyers Sellers 356

Appraisal Buzz

AUGUST 12, 2024

Although it would be possible to take detailed written notes in the field and translate those notes to the software at the desk, this process is highly inefficient and provides too much opportunity for errors. There will be many more data elements related to the inspection.

Appraisal 370

Appraisal Inspection Lending Training 370

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.

Appraisal Process 78

Appraisal Process Appraisal Modernization Training 78

Housing Wire

MAY 23, 2023

We often hear the statistic that the average appraiser is a 57-year-old white male. To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you. Johnson said.

Technology 331

Technology Appraisal Lending Valuation 331

Boston Appraisal

OCTOBER 8, 2022

One such attempt is the increased use of hybrid appraisals. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

Appraisal 135

Appraisal Inspection Appraisal Process Valuation 135

Premier Home Appraisal Blog

AUGUST 11, 2024

Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. During this demonstration, our real estate appraisers will walk you through a residential property tour discussing; ANSI measurement and square footage requirements. What counts as a bedroom?

Real Estate 98

Real Estate Appraisal Process Appraisal Bracketing 98

Housing Wire

MAY 25, 2021

A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry. Navigating appraisal challenges in today’s housing market. Poor data visibility.

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Appraisal Valuation Real Estate Modernization 297

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.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

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.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

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.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 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. Appraisers have been trained in knowing what to look for.

Inspection 154

Inspection Tools Appraisal Technology 154

Birmingham Appraisal

APRIL 4, 2023

The Lack of Regulation and Training for Data Collectors One of the primary concerns with data collectors is that they are not as well-trained or regulated as certified appraisers. In contrast, there are no formal requirements for data collectors, and anyone can become one with little to no training or experience.

Modernization 94

Modernization Appraisal Inspection Training 94

DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Premier Home Appraisal Blog

MAY 17, 2023

Are you a real estate professional or mortgage lender looking to learn more about the home appraisal process? Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. All things appraisal property inspection. We can help!

Appraisal 98

Appraisal Bracketing Appraisal Tips Inspection 98

Boston Appraisal

OCTOBER 8, 2022

One such attempt is the increased use of hybrid appraisals. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Boston Appraisal

OCTOBER 8, 2022

One such attempt is the increased use of hybrid appraisals. Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Appraisal Buzz

OCTOBER 25, 2021

Appraisal Technology was front and center at this show. Kenon Chen from Clear Capital discussed the digitization of the appraisal process. Of the 40,000 homeowner inspected hybrid appraisals created, most were on par or better than the traditional appraisals. This is an unprecedented situation.

Technology 150

Technology Appraisal Inspection Appraisal Process 150

Housing Wire

DECEMBER 7, 2023

6 months course access Ridgeline: All features of Base + Livestream option and Forms Training 101. Visit Website Overview The Lee Institute School of Real Estate combines professional instruction and video format training to make the concepts of the real estate business more digestible and engaging. 25 hrs livestream access.

Real Estate 342

Real Estate Real Estate Agent Law Brokerage 342

Genworth MI Blog

AUGUST 15, 2019

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. Lower cost than traditional appraisal. Access our appraisal training courses here. Much faster to complete.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

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. Lower cost than traditional appraisal. Access our appraisal training courses here. Much faster to complete.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

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. To avoid this, agents should use the same criteria appraisers do when selecting true comparables.

Real Estate 87

Real Estate Appraisal Inspection Contracts 87

McKissock

MAY 20, 2023

By the time I was finished with the 12 weeks, I knew that I wanted to be an appraiser. I’m now completing my training there, and I’m enjoying every minute of it. Interested in becoming an appraiser trainee? Find out if real estate appraisal is right for you in our free career guide.

Appraisal 97

Appraisal Real Estate Training Appraisal Process 97

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. That was my training.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Birmingham Appraisal

SEPTEMBER 28, 2022

What Is A Hybrid Appraisal? A hybrid appraisal is one that is done by involving more participants than just the appraiser. Rather than involve the appraiser in the data collection part of the appraisal process this part is done by someone else. Things To Consider With Hybrid Appraisals.

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Appraisal Property Inspector Training Real Estate Agent 59

Realtor

MAY 15, 2023

An appraiser also does a market data analysis, which values other homes in the area, and records the findings in the Uniform Residential Appraisal Report, or URAR. The hybrid appraisal uses a form almost identical to the URAR, but the appraiser doesn’t go to the property. When is the hybrid appraisal used?

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Appraisal Real Estate Appraisal Process Market Value 107

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. Appraisers have been trained in knowing what to look for.

Inspection 78

Inspection Tools Appraisal Technology 78

Clear Capital

FEBRUARY 2, 2022

Today’s announcement from Fannie Mae — the incorporation of 1004 Desktop appraisals into their Selling Guide for many new purchase loans — is a big step forward in the journey to a fully modern appraisal process. We applaud this move and are dedicated to supporting lenders in the adoption of 1004 Desktop appraisals.

Modernization 69

Modernization Appraisal Inspection Appraisal Process 69

Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

Appraisal 52

Appraisal Inspection Real Estate Agent Training 52

DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Clear Capital

SEPTEMBER 21, 2021

Efforts to increase consistency and accuracy in the property data collection and inspection process should be celebrated, and are key to improving public trust in the appraisal process. It’ll also help build confidence in the accuracy of hybrid appraisals. You might be thinking, “Wait, what’s ClearInsight again?”

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Appraisal Appraisal Process Modernization Valuation 69

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 is a desktop appraisal? Desktop appraisal meaning and definition.

Valuation 66

Valuation Appraisal Inspection Appraisal Process 66

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 85

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

It sounds like a simple question but you would be surprised how many appraisers let their licenses expire and still do non lender appraisals. Licensed appraisers are required to complete continuing education every two years. A retrospective appraisal is commonly used in a date of death appraisal for estate and tax purposes.

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Appraisal Appraisal Process Loan Officers Inspection 60

Housing Wire

NOVEMBER 30, 2021

Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. And the appraisal process is no exception. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% All people.

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Appraisal Process Modernization Appraisal Valuation 421

Birmingham Appraisal

FEBRUARY 20, 2024

Benefits of Sharing the CMA with the Appraiser During the appraisal process, the appraiser will conduct their own market research to locate the most recent and similar comparables to the property they are appraising. This can lead to a more thorough and accurate appraisal which aids in the home selling process.

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Agents Appraisal Real Estate Agent Bracketing 92

McKissock

FEBRUARY 25, 2022

Approach to the appraisal process. Appraisal specializations. ” “As a 38-year-old student and appraiser in training I bring a fresh perspective from other industries and many years of fresh life experience and completely unadulterated perspective of the appraisal industry.”

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Real Estate Appraisal Easement Inspection 78