Appraisal Buzz

JUNE 26, 2024

These computer models cannot be unreliable or biased, even if they can offer crucial information to lenders, buyers, and sellers. The new regulation is a component of the CFPB’s attempts to guarantee fairness, nondiscrimination, and conflict-free nature of the appraisal process.

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Realtor

SEPTEMBER 19, 2023

Lenders often require the use of their own, FHA-approved home appraiser. Here are some things sellers can do—straight from the home appraisers’ mouths—to navigate the process of home appraisals. First, a home appraiser will pull comparable listings (called “comps”) from the nearby area.

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Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

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Boston Appraisal

JULY 13, 2024

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. By following these guidelines, you’ll not only attract more potential buyers but also facilitate a smoother appraisal process.

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Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac. ACE+ PDR was originally a temporary offering.

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Housing Wire

APRIL 6, 2021

Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. With others waiting in line behind her, the seller wouldn’t budge on price. Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. Sellers are surely getting greedy.”.

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Kairos Appraisal Services

AUGUST 16, 2023

From virtual house tours to applying for a mortgage online, the real estate industry has embraced new technology, weaving it into many of its processes. The home appraisal industry is beginning to use more technology, too.

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Housing Wire

SEPTEMBER 13, 2022

A floor plan can give a seller a much more accurate sense of their property’s square footage, as well as a sense of how that might impact its marketability or the appraisal process. And it provides major benefits to your sellers and prospective buyers.”.

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Housing Wire

AUGUST 28, 2023

These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes. AMCs have a tendency to select appraisers who are willing to work for relatively low fees.

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Housing Wire

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before. Technology plays a big role.

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Housing Wire

AUGUST 21, 2023

Homelight , a platform for homebuyers and sellers, was No. Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers.

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Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Five months later, the frequency increased to 19%, leaving homebuyers to either pay more out of pocket or request the seller to lower their asking price. Meanwhile, buyers are plucking up homes left and right.

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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. Active listings also provide insight into current seller and buyer motivations.

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Appraisal Partners Blog

MARCH 12, 2025

The FHA Appraisal Process Loan Application: The borrower applies for an FHA loan. Appraisal Order: The lender orders the appraisal through an FHA-approved appraiser. Property Inspection: The appraiser conducts a thorough inspection of the property, focusing on both market value and FHA minimum property standards.

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Birmingham Appraisal

DECEMBER 17, 2024

Tips To Ensure a Successful Appraisal When it comes to the home appraisal process, providing complete and accurate information is critical for a successful appraisal. Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations.

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Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Allow us to demystify the process.

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Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Allow us to demystify the process.

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Appraisal Process Appraisal Mortgage Buyers 78

Realvals

FEBRUARY 10, 2025

Most commonly, appraisals help buyers, sellers, and lenders make informed decisions about real estate transactions. Appraisal Reports and Confidentiality Appraisal reports contain sensitive information that must be handled carefully. Confidentiality is a key part of the appraisal process.

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Housing Wire

JUNE 9, 2021

This is a critical advancement in the industry as we’ve seen appraisal timelines continually increase. We also evaluate key metrics related to appraiser performance. HW: What role can data analytics play in alleviating these pain points? JW: The key to transactional efficiency is validated data.

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Appraisal Partners Blog

JANUARY 20, 2025

But what exactly is a residential appraisal, why is it necessary, and what factors influence the final valuation? This article will break down the complexities of the appraisal process, providing you with the essential knowledge to navigate this critical aspect of real estate transactions with confidence.

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Midtown Appraisal Group

MARCH 1, 2022

What you should know about the appraisal process We know that whether you’re a buyer or a seller, the appraisal process – especially for residential or agricultural properties – can be nerve-wracking. Why do I need an appraisal? Contrary to popular belief, […].

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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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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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Housing Wire

OCTOBER 26, 2020

When COVID-19 complicated the appraisal process, Xome was able to direct its lender clients to its contactless valuation option via a mobile app. In light of the pandemic, mortgage companies have a great opportunity to leverage digital technologies in unique ways.

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Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

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Kairos Appraisal Services

SEPTEMBER 3, 2021

AMCs were created from Dodd-Frank to separate mortgage brokers from appraisers, protect the market from inflated and/or biased values, and facilitate the entire appraisal process.

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Appraisal Buzz

JULY 13, 2022

Reimagining the appraisal process has long been a goal for many, and I’m excited that our ability to create a property’s 3D Digital Twin will be used to benefit both cash-out refinance sellers as well as borrowers,” said Asteroom’s CEO & Co-Founder Eric Tsai.

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Kairos Appraisal Services

DECEMBER 1, 2022

Lending regulations restrict the borrower, mortgage broker, or lender from choosing which appraiser conducts their home inspection and prevents direct communication between these parties. An appraisal… The post How Appraisal Management Companies Aid the Appraisal Process appeared first on Kairos.

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Cleveland Appraisal Blog

JULY 20, 2022

When it comes to the appraisal process, while we do take into consideration the contract price of the home being sold, that’s just one of many data points that we must take into consideration. The appraiser’s goal is not, nor has it ever been, to simply be a price validator, though many have used appraisals this way.

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Birmingham Appraisal

JANUARY 29, 2025

Brush Up On Your Appraisal Knowledge Most people have a basic understanding of the appraisal process. If you’ve ever purchased a home or refinanced your mortgage you’ve most likely had to get your home appraised. This commitment to objectivity is important to the appraisal process.

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Cleveland Appraisal Blog

AUGUST 25, 2022

Cleveland Appraisal Blog offers a wealth of free information on every aspect of the appraisal process. A big thank you to Jessica for writing this article for the Cleveland Appraisal Blog and a big thank you to you for being here to read it! Let us know ! Image via Pexels. . I always appreciate Jessica’s articles!

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Housing Wire

MAY 31, 2021

A simple mistake could drastically slow down the process and frustrate lenders, home buyers and sellers. And, the impact of the pandemic has complicated this process even further.

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Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Meanwhile, sellers are anchored to another market completely, he said. That process can take time. “If

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DataMaster

APRIL 6, 2021

If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results!

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AmeriMac

MARCH 31, 2025

The appraisal process is critical in the real estate industry. In the past, this process required a lot of manual work and paper reports. Now, technology is making appraisals easier and more efficient. By using new tools and digital methods, New Albany sets a good example for efficient and dependable appraisal management.

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AmeriMac

DECEMBER 31, 2024

Second, it helps keep the process moving, so buyers and sellers aren’t frustrated with delays. Also, lenders can make quick decisions when the appraisal process is fast. The Impact of Turn-Time on Real Estate Transactions The time it takes to finish an appraisal affects the whole real estate process.

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Kairos Appraisal Services

MAY 1, 2023

While the mortgage lender will order the appraisal to ensure that they are not issuing a loan for more than what the property is worth, it’s still best for buyers and sellers to understand the home appraisal process and… The post Understanding the Different Types of Home Appraisals appeared first on Kairos.

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