Remove Appraisal Tips Remove Housing Market Remove Valuation
article thumbnail

The Hidden Risks of Appraisal Waivers: What Homebuyers and Homeowners Need to Know

Birmingham Appraisal

In fact, one of the biggest dangers is that widespread reliance on appraisal waivers is contributing to what some call “data cancer”a systemic problem that degrades the accuracy of real estate valuations over time. 6 Reason You May Now Want an Appraisal Waiver 1. Conclusion: Should You Accept an Appraisal Waiver?

article thumbnail

Tips for Homeowners Concerned About Appraisals Below Contract Price

Will Springer Realtor

Enter the appraiser, someone who has probably never visited the property – or possibly even the neighborhood – and who will use his/her expertise to develop a valuation on the home. CoreLogic said the more typical figure for low appraisals in the U.S. housing market is 7% of all mutually accepted contracts.

article thumbnail

Unacceptable Appraisal Practices from Freddie Mac

Appraisal Today

The only appraisers who get sued are those performing appraisals for mortgage lending. Truth: The origin of this myth most likely correlates with the significant amount of valuation work performed for lending purposes – the more lending work, the greater the liability risk, the thinking goes. You can do it yourself.