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Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisalinspection is typically where such interactions occur, and this can be a stressful experience for the borrower.
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. The second is to remember that these improvements in appraisaltechnology are a good thing.
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. The second is to remember that these improvements in appraisaltechnology are a good thing.
Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisalinspection is typically where such interactions occur, and this can be a stressful experience for the borrower.
Idaho is a gorgeous state! I live in the backyard of the Teton Mountain Range and Yellowstone National Park, and I love going to the hills. Hiking through groves of. Read More.
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. Embrace technology. Network with other appraisers. ” “Be thorough on your inspections.” The inspection part is the easy part.
Principles are tremendously important tools we can use in our lives to affect change. A principle is an eternal truth. It can be applied across all circumstances, all times, all. Read More
As part of our monthly survey series, we asked our community of real estate appraisers, “What’s the BEST way to save time in your workweek?” The number one recommendation, by far, was to use technology to your advantage. Use technology to your advantage (45%) “Streamlining processes with technology is a big time saver!” “Use
Outdated Features and Finishes: Homes with outdated features and finishes can struggle to meet the expected appraisal value. Upgrades like modern kitchens, updated bathrooms, and smart home technology can potentially boost your home’s worth.
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