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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McKissock

JANUARY 3, 2023

There are other factors that are normally adjusted for in single-unit appraisals which may be of little or no consideration in appraisals of 2-4 unit properties, unless those factors impact the amount of rent a tenant would be willing to pay, or the investor’s bottom line. How to begin when appraising small income properties.

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Boston Appraisal

JUNE 24, 2019

The Other Side of the Coin: The Appraisal Process Doesn’t Always Reflect the Contributed Value of Green Features. Sometimes, appraisals do not reflect the perceived value of these improvements, to the dismay of building owners. Moreover, the appraising community is making a conscious effort to catch up with these trends.

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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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East Coast Appraisal

SEPTEMBER 26, 2023

The appraisal process is critical to real estate transactions. Qualification and Licensing Ensure the real estate appraiser is qualified and licensed. Specialization Residential and commercial property appraisals differ. An appraiser may have experience in one property type but not the other.

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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. On a more positive side, I have done thousands of drive by appraisals since 1986.

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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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McKissock

APRIL 6, 2021

Blog post: 7 Best Time-Saving Hacks for Appraisers. If you operate as an independent real estate appraiser, you know that time is money. Are you looking for new ways to increase your efficiency as a property appraiser? Blog post: 6 Appraisal Software Tools to Streamline Your Process.

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AmeriMac

NOVEMBER 30, 2023

In this blog, we will take you through everything you need about commercial real estate appraisal, from defining the term and understanding its importance to exploring the different types of commercial properties that are appraised. The property inspection is a crucial step in the commercial appraisal process.

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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. After the inspection, the appraiser analyzes the data and prepares an appraisal report.

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Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines.

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AmeriMac

APRIL 15, 2023

Individual investors may employ the sales comparison approach to establish an asking price for a property. When it comes to qualifications, commercial appraisers undergo additional training and require more experience than residential appraisers in order to obtain these credentials.

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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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AmeriMac

JANUARY 3, 2022

A home appraisal is an opportunity to have an objective third party enter the situation – one who is not affiliated with either person – to provide an accurate representation of what the home is actually worth. A home appraiser is someone who has been both licensed and trained who physically visits the property in question.

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AmeriMac

JANUARY 3, 2022

A home appraisal is an opportunity to have an objective third party enter the situation – one who is not affiliated with either person – to provide an accurate representation of what the home is actually worth. A home appraiser is someone who has been both licensed and trained who physically visits the property in question.

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Housing Wire

MARCH 9, 2021

The finance giant will also begin training home lending advisors and client care specialists in the reconsideration of value process and fair lending issues related to appraisals. ” Though the bank did not admit to any wrongdoing or any appraisal bias, it moved quickly to update its policies on valuations.

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Housing Wire

MAY 1, 2024

HUD called the new guidance a step to fulfill the commitments of its Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), which includes representatives from 13 federal agencies. It empowers consumers while affording appraisers an opportunity to make sure they got it right. Handbook at a later date.

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Housing Wire

JULY 29, 2021

The Property Appraisal and Valuation Equity task force will deliver a report to Biden within six months to describe the “extent, causes, and consequences of undervaluing of properties,” a HUD official told HousingWire. How to reduce appraisal turn times and improve the borrower experience. Presented by: Voxtur.

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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. Still, there are some kinks to work out of third-party property data collection, which Christensen described as the “Wild West.”.

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Clear Capital

JANUARY 5, 2023

.” To arrive at a home’s value, a qualified appraiser traditionally performs an in-person inspection to assess things like amenities and conditions, then uses this information along with an analysis of comparable nearby home sales. The task force also proposed a set of policy changes to advance racial equity in the appraisal process.

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