This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Lower cost than traditional appraisal. How do they manage their documentation? What are some of the benefits and drawbacks of bifurcation?
In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Lower cost than traditional appraisal. How do they manage their documentation? What are some of the benefits and drawbacks of bifurcation?
AppraisalTips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.
You must schedule an appointment with a licensed appraiser or easily purchase a home appraisal online from us. The real estate appraiser will come to your home and conduct an inspection. Our clients receive a handy appraisal checklist after purchasing a Virginia house appraisal online.
If we had to distill all of the advice we received into just one quick list of a dozen top tips for new appraisers, it would read as follows: Be honest and ethical. Be thorough; don’t cut corners, and document everything. Network with other appraisers. ” “Be thorough on your inspections.”
Addressing Potential Appraisal Red Flags Real estate agents should be on the lookout for potential appraisal red flags, including: Incomplete Appraiser Access- Agents should facilitate easy access for appraisers to inspect the property thoroughly, provide all necessary documentation, and address any concerns promptly.
Limited Access to Interior by Appraiser or Property Observed by a Non-Appraiser: If appraisers cannot access the interior of your home due to restrictions by the lender, they might rely on exterior observations, which could result in a less accurate appraisal value. Provide documentation if necessary.
The process typically begins with the lender ordering the appraisal after the borrower’s offer has been accepted or when refinancing a mortgage. A licensed appraiser, who is an independent third party, conducts the appraisal. The appraiser thoroughly inspects the property, noting size, condition, and unique features.
In real estate transactions, a home appraisal is an essential step for buyers and sellers. This process involves a careful inspection of the property by a licensed appraiser. The appraiser is a neutral third party who honestly assesses the home’s market value. The home appraisal process looks at different factors.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content