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When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisalprocess for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. A fundamental change.
But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and realestateagents said.
Appraisal Tips For RealEstateAgents As a realestateappraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the realestate market. Ask the appraiser to review their work and consider your feedback.
Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between realestateagents and appraisers can be a touchy subject. On one hand, the realestateagent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.
As you can see, there are major differences between home appraisals and home inspections and both are very important. There are numerous steps in the appraisalprocess and it’s important to know each step involved. Steps in the AppraisalProcess. What If The Appraisal Is Less Than The Contract?
Communicating quickly with the lender is an issue with the appraisalprocess. Below are just a few of the ways appraisers can utilize their expertise to diversify their practice and earn the many – yet sometimes elusive – non-lender work opportunities that exist in today’s market.
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