Housing Wire

SEPTEMBER 23, 2021

Others don’t provide appraisers with accurate enough data. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. Incenter recognizes the complexity of the appraisal process.

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Appraisal Buzz

NOVEMBER 1, 2021

Although economic, legal, locational, and physical similarities are important, that is not what I am referring to in this case. What I am referring to is the variance between a comparable sales price and its value. While that may seem obvious, the ‘why’ question here is important. What do I even mean by a bad comparable selection?

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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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Housing Wire

JULY 9, 2021

The task is best suited for advanced technologies, collectively referred to as AI and machine learning. House valuations come into play at crucial times in the transaction process; they not only bookend the entire journey but also crop up during the time of “appraisal.”.

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Appraisal Buzz

DECEMBER 9, 2024

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. Below is a detailed explanation of each technique to ensure the adjustments are well-supported and align with market trends.

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Appraisal Buzz

JULY 15, 2024

This sounds great, but remember, the scope of work continues through the appraisal process. If the appraiser decides additional elements are necessary, it could create fields and other sections that need to be revisited. Another approach might be to guide the appraiser through an interview-style methodology.

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Midtown Appraisal Group

MARCH 19, 2021

This infographic (below) from The Appraisal Institute has been around for a couple of years now, but I came across it again recently and I think it’s still worth a look, especially if you’re new to the appraisal process.

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Appraisal Buzz

JULY 8, 2024

Heck, appraisal modernization was being discussed by FNMA and Freddie Mac in 2016! Moves to modernize The most recent efforts to “modernize” the appraisal process was highlighted significantly due to the years of the pandemic when appraisal turn times and fees reached all-time highs.

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Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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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 Buzz

FEBRUARY 7, 2022

Exterior-Only is self-explanatory, where the scope of work states the appraiser completed an exterior viewing of the physical components of the property and the appraiser relied on other sources to gather property and improvement details. Appraisers rely on standards of practice and processes.

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McKissock

OCTOBER 15, 2021

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP), now available online , comes with a first-of-its-kind reference manual designed to help you quickly find answers to your USPAP-related questions. The following outlines some of the reference manual features.

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Appraisal Buzz

APRIL 15, 2024

Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

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Appraiserblogs

SEPTEMBER 9, 2022

The power itself is referred to as the eminent domain power. Related Posts: Eminent Domain Attorney Review How Does an Eminent Domain Attorney Critique and Review An Appraisal Upon Which His Client’s Just Compensation Is Based? Appraisers always had the power to end the appraisal management pyramid scheme. Attorneys….

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Appraisal Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” Appraisers will have the opportunity to evaluate and choose from a range of software solutions, potentially switching from long-standing vendors to new entrants offering innovative features.

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Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

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East Coast Appraisal

OCTOBER 19, 2021

Your listing agent will, however, let you know if the property appraised at or above the agreed-upon price. Real estate agents and appraisers often say they are going to run the comps. What they are referring to is a comparable market analysis or CMA, which is often just shortened to comps. East Coast Appraisal Service.

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Padove Appraisal Service

FEBRUARY 27, 2023

Many appraisers’ professional experiences are limited to mortgage appraisals. They may not be familiar with reporting requirement for other appraisal purposes. Be sure to ask for references and review their qualifications and credentials before hiring an appraiser.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

To make this determination, the appraiser must first determine the Highest and Best Use of the land. The use of the word “home” in this article, is referring to the property “improvements”) There are several data sources that appraisers use to obtain this information. Here’s one way.

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Chicagoland Appraisal Blog

AUGUST 1, 2023

While each appraisal may have slight variations, the following structure offers a general roadmap to help you smoothly navigate through it. Whenever you come across “see addendum,” simply refer to the relevant addendum then return to the main appraisal document to continue.

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Appraisal Buzz

MARCH 24, 2025

Here it would be wise to emphasize that the two protocols this monograph presents to derive a time adjustment are not the only protocols by which appraisers can conduct this essential step in the appraisal process. ( On YouTube, please search making a time adjustment in a real estate appraisal.) 2025 Timothy C.

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Cleveland Appraisal Blog

SEPTEMBER 2, 2022

If a lender pushes back, my advice to appraisers is to not cave to the pressure of the lender. If the appraiser did not make a mistake, and the lender just doesn’t understand the appraisal process, that’s a golden time to help educate the lender. The quote I am referring to is at the end of this clip.

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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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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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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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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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McKissock

MARCH 24, 2022

which states, “Develop a legislative proposal that modernizes the governance structure of the appraisal industry to improve transparency and public participation in the establishment of appraisal standards and appraiser qualification criteria, and to advance diversity in the profession.” Not to be outdone, the U.S.

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The Robert Weiler Company

APRIL 20, 2021

As such, our experts at The Robert Weiler Company have put together this business valuation ‘questions and answers’ overview to offer more clarity behind the business appraisal process. The appraiser must refer to the company’s past net earnings performance and process that figure by capitalizing this number to a present value.

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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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McKissock

JULY 20, 2021

The root of many misconceptions about the appraisal inspection is the word “inspection” itself. The words “inspect” or “inspection” generally do not appear in reference to an appraiser’s obligations. Why are these roles often confused? Instead, the words “observe” and “observation” are used.

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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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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

SEPTEMBER 18, 2022

But first, it’s important to understand what is a land appraisal, how it is appraised, the real estate appraisal process, and what to expect. What is a Land Appraisal? Land appraisal is a process of assessing the land value and then developing an opinion of value.

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Genworth MI Blog

AUGUST 31, 2022

Additionally, appraisers are only qualified to comment on the observed condition of a property. They are required to refer concerns impacting livability, soundness and/or structural integrity to a more qualified expert for further assessment. Q: How do automated valuation models (AVMs) come into play in the appraisal process?

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Valcre

JULY 6, 2022

Commercial Real-estate appraisal refers to determining the value of any kind of commercial property. If you are looking to buy, sell, manage or invest in a commercial property, you need to understand the appraisal process. A professional and licensed commercial real estate appraiser conducts the appraisal process.

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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). If you are purchasing a house, this is not acceptable.

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Simonson Real Estate

SEPTEMBER 25, 2020

Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate? For reference, the all-time high was 10.34% in July 2012.

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