Remove Appraisal Process Remove Marketing Remove Renovations
article thumbnail

What AVMs can and can’t do in the appraisal process

Housing Wire

Appraisals outline the housing trends for particular markets. AVMs do not account for upgrades or renovations. Sometimes properties have increased in value due to recent upgrades or renovations. The post What AVMs can and can’t do in the appraisal process appeared first on HousingWire.

article thumbnail

Busting VA mortgage loan myths

Housing Wire

VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. A lot has changed and it’s time to remove the stigma.

Mortgage 468
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real estate appraisals: What agents should know

Housing Wire

Appraisals protect buyers and sellers Buying and selling a home is a financial transaction that involves large sums of money. Appraisals protect both parties by preventing them from making a deal that’s not financially sound. At this point, an estimated market value is generated.

article thumbnail

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

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. Most lenders will request the fee simple interest be appraised. Note that U.S. Value Scenarios.

article thumbnail

VA now accepting desktop and exterior-only appraisals

Housing Wire

In a department memo, the VA explained that the move was a response to “high demand for appraisal services and limited availability of appraisers in certain local market areas.”. In order to have the alternative appraisal options, lenders must be approved to participate in the VA’s Lender Appraisal Processing Program.

Appraisal 370
article thumbnail

3 Ways Agents Can Help Appraisers to Be More Accurate

Cleveland Appraisal Blog

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. Take finished square footage for instance.

Agents 378
article thumbnail

How to Post the Most Effective MLS Listing: Tips to Help Buyers and Speed Up the Appraisal Process

Boston Appraisal

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. This allows both a potential buyer and the appraiser to see where this property falls within the real estate market.