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Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. I keep hearing about the automated appraisal. When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. What does that mean?
Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. I keep hearing about the automated appraisal. When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. What does that mean?
3) Use bracketing when choosing comps- The technique of using sales that are larger and smaller than the home you are pricing is referred to as bracketing. By superior I refer to the different features that contribute to higher sale prices of homes.
I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago.
Although the cost may be an important consideration to you when hiring a professional appraiser, you’ll definitely want to choose one based on other factors, too, such as their experience and certification. . Is a Real Estate Appraisal the Same as a Home Appraisal? These terms are often used interchangeably.
Appraising started in the U.S. Non Lender AppraisalTips from Appraisal Today Pluses and minuses of the many different types of non lender appraisals to help you choose what you want to do. during the Depression when lenders, mostly S&Ls, needed to know what the homes were worth when lenders foreclosed.
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