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.”. Technology is not a panacea, nor will it ever be.

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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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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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Appraisal Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” Appraisers can prepare for this change by using those tools right now. All the major software vendors have mobile applications for the current forms and process.

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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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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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Appraisal Today

MAY 17, 2024

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” In addition to the top answers, we received many other write-in responses.

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McKissock

MARCH 24, 2022

These recommendations include: Clarify the application of the Fair Housing Act and ECOA to the appraisal industry to ensure appraisers have clear guidance on antidiscrimination obligations under current federal laws. Perhaps the most far-reaching recommendation for action is number 1.6, Not to be outdone, the U.S.

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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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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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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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Inspection Tools Appraisal Technology 78

Simonson Real Estate

SEPTEMBER 25, 2020

The team at Simonson Appraisals has found that one of the best tools we have to overcome this challenge while continuing to produce reliable and credible appraisals is speaking with owners, lenders and other market participants dealing with the different segments of commercial real estate.

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Realtor

AUGUST 24, 2017

As you go around the home, put everything down on one list so that you can easily refer to it later. Highlight sheets end up being very valuable tools, because they allow the appraiser to see all the added value in your home with just one glance. Ask your agent to put a list of comps together to give to your appraiser.

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Realtor

AUGUST 24, 2017

As you go around the home, put everything down on one list so that you can easily refer to it later. Highlight sheets end up being very valuable tools, because they allow the appraiser to see all the added value in your home with just one glance. Ask your agent to put a list of comps together to give to your appraiser.

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Appraisal Real Estate Agent Real Estate Agents 78

AmeriMac

APRIL 18, 2021

The world of real estate is full of a plethora of professional activities including appraisals. An appraisal refers to an in-depth and precise evaluation of the current market value of your property. Initially, buyers, sellers and lenders would request expert appraisers to manually appraise their property.

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AmeriMac

APRIL 18, 2021

The world of real estate is full of a plethora of professional activities including appraisals. An appraisal refers to an in-depth and precise evaluation of the current market value of your property. Initially, buyers, sellers and lenders would request expert appraisers to manually appraise their property.

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Appraisal Appraisal Process Architecture Real Estate Agent 36

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

You may need the services of a licensed appraiser if you are selling your home yourself or if you want to know the value of your home for refinancing purposes. Prepare a short list of appraisers using the search tools at the Appraisal Institute, the American Society of Appraisers and the Appraisal Subcommittee.

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AmeriMac

APRIL 18, 2021

The world of real estate is full of a plethora of professional activities including appraisals. An appraisal refers to an in-depth and precise evaluation of the current market value of your property. Initially, buyers, sellers and lenders would request expert appraisers to manually appraise their property.

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Appraisal Appraisal Process Architecture Real Estate Agent 28

Appraisal Today

OCTOBER 11, 2024

The Limits of AI: When the intelligence is artificial, common sense is a superpower By John Russell Excerpts: At some point, all of us will integrate AI tools into our business practices. You will have to own everything in your report, and if too much of the product is driven by AI tools, you may be asked: “Well, what exactly did you do here?”…

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PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Listing Spark

OCTOBER 9, 2023

For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. Homeowners choose this route to save on commission fees and maintain greater control over the sales process. What is For Sale By Owner? We also provide valuable feedback from showings.

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Birmingham Appraisal

MAY 2, 2023

Verify Their Track Record: Look for an appraiser with a proven track record of providing accurate and reliable appraisals. You can ask for references or read reviews online to get an idea of their reputation. Ask Questions: Don’t be afraid to ask questions or clarify any issues that arise during the 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. This report serves as a reference for buyers, sellers, lenders, and investors to make informed decisions regarding the property.

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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. But for all the weaknesses amongst appraisers, who is training the average property data collector on this stuff?

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Clear Capital

JANUARY 5, 2023

Unfortunately, they also resulted in a disproportionate benefit to white families and furthered neighborhood segregation under policies referred to as redlining. Appraisers are trained to provide an objective, unbiased analysis, but they also must rely upon data and methodologies that have been impacted by the systemic racism of redlining.

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