Appraisal Buzz

MAY 10, 2021

Appraisers are paid for their opinion. Because of that, we’ve modified the Appraisal Buzz website to give appraisers a playground for open discussion. If you haven’t had a chance yet to check it out, take some time to hit us with your opinions in the Appraisal Buzz forum. We’d love to help you get signed on.

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Appraisal Buzz

APRIL 18, 2022

This article was first published in the Appraisal Buzz Magazine. We are asking for submissions about your wildest appraisal stories! All the way from haunted encounters to animals that have been (unexpectedly) stumbled upon – Share with us and you could be featured in our Fall 2022 Appraisal Buzz Magazine. That’s when.

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Appraisal Buzz

OCTOBER 27, 2021

“A New Appraiser Discusses his Journey into the Industry” was originally published in May 2021. In this Buzzcast, we have Marcus Knight, a recently licensed appraiser diving into his firsthand account with the Appraiser Diversity Initiative (ADI) by Fannie Mae and the challenges facing trainee appraisers today.

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Appraisal Buzz

FEBRUARY 17, 2025

This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Some other features in our magazine include funny Buzztoon comics, industry trends, as well as crazy stories from appraisers and readers like you! Read all these articles and more in the latest edition HERE. First, inspect the site.

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Housing Wire

JUNE 22, 2021

Most of the buyers in this area are putting offers in with no appraisal gap — willing to take care of anything that doesn’t appraise — and no inspections, which makes me cringe.”. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. So, what does this mean for buyers? Should they give up?

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Appraisal Buzz

AUGUST 12, 2024

This is the final article in Ernie Durbin’s three-part series on the new UAD. The first article on April 15, 2024, was “ From Forms to Reports: A Look at the UAD Overhaul. ” The second article on July 15, 2024, was “ The New UAD: Don’t Borrow Trouble. How will lenders order appraisals without standard form numbers?

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Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Kansas City, Missouri. One kid will give $4 instead of $1.

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Housing Wire

APRIL 8, 2021

Consider an appraisal gap: Adding an appraisal gap to your offer tells the seller that even if the property appraises for less than the purchase price in the contract, you are committing a preset dollar amount to making up the shortfall. There is a chance they could offer an appraisal gap and never have to use it.

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McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser.

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Appraisal Buzz

MAY 31, 2021

A husband and wife requested a bank appraisal to refinance their Jacksonville, Florida home. Only the wife was at home to greet the appraiser when they arrived to inspect her home. When the couple received the final appraisal report of their home’s value, they were shocked!

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Appraisal Partners Blog

JANUARY 20, 2025

Introduction The residential appraisal is a cornerstone of the real estate world, yet it’s often shrouded in mystery for many homeowners. Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. This valuation is crucial for a multitude of reasons.

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Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. WAIVING HOME INSPECTIONS. He said this year has been extremely slow for him because people are waiving home inspections to get a competitive edge on other buyers, bidding on the same home. Getting a home inspection is a personal decision.

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Appraisal Today

NOVEMBER 1, 2024

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 As an appraiser, understanding the nuances of kitchens is essential to providing credible and insightful valuations.

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Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Things that may seem simple on the surface – such as scheduling an appraisal or closing – can actually be a source of friction for a borrower. The pandemic had a profound impact on the home-buying experience.

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Cleveland Appraisal Blog

APRIL 21, 2022

Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Market value, therefore, considers the entire pool of potential buyers of homes that are similar to, and that compete with the property being appraised. CRAZY NEIGHBORS.

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Cleveland Appraisal Blog

JULY 16, 2022

The first step in determining what kind of home you can afford to purchase is having an accurate appraisal. An appraisal is the estimated value of a home that is based on an inspection. If you’re in the greater Cleveland area, contact Jamie Owen, a state-certified residential real estate appraiser at Aspen Appraisal Services.

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Cleveland Appraisal Blog

JANUARY 7, 2021

CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. I’m not going to delve into the highest and best use topic in this article. I appraised some properties last year that demonstrate these two situations nicely. EXCESS LAND.

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Cleveland Appraisal Blog

AUGUST 13, 2023

In this article, he shares some things to keep in mind when it comes to plumbing efficiency and tips for avoiding bigger plumbing problems down the road. I hope you find this article helpful! Schedule Regular Plumbing Inspections If you really want to keep your plumbing system eco-friendly, it’s time to practice some TLC.

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McKissock

JANUARY 11, 2022

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. You will also need to conduct a final inspection. Inspection during construction. Related Reading: 6 Tips for Appraising New Construction Homes.

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Appraisal Buzz

JUNE 4, 2021

In today’s Buzzcast, we dive into a firsthand account from a new appraiser of the Appraiser Diversity Initiative (ADI) by Fannie Mae and the challenges facing trainee appraisers today. They delve into what exactly he faced during the program and how diversity in the appraisal industry is necessary for its continual growth.

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Cleveland Appraisal Blog

DECEMBER 24, 2022

This week I welcome back guest blogger, Shirley Martin, who answers these questions in this article. Read on for some pointers from Cleveland Appraisal Blog. Before a roof renovation begins, a contractor will inspect the attic, gutter, and various other aspects of the home structure to make sure it is safe to proceed.

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Cleveland Appraisal Blog

MAY 27, 2021

Who needs an appraiser when one has cash? There is a lot of information that an appraisal can provide, which can be helpful to lenders and homeowners. However, anyone can hire an appraiser to appraise a home. Appraisals provide information that can be helpful to the lender, and the buyer, in deciding about buying a home.

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Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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CP Home Appraisals

AUGUST 27, 2018

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does.

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Housing Wire

OCTOBER 1, 2022

There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both. There is a reduction in the share of all-cash buyers, who may be waiving the home appraisal, and a reduction in vacation and investment purchases. All cash buyers now stand at 24%.

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McKissock

AUGUST 10, 2021

Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. In this post, we provide valuable tips for preparing to inspect a luxury home, including some key questions to ask of the homeowner, agent, or builder about upgrades and amenities. Prepare the homeowner.

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Appraisal Buzz

JANUARY 31, 2022

It’s no secret that appraisers are overworked. It is no secret that there is an underlying tension growing in the appraisal industry directed at appraisers, AMCs, and lenders. This is such a broad topic that can apply pretty much anywhere in a real estate transaction and it probably seems I am phoning this article in…(Get it?…

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Appraiserblogs

FEBRUARY 1, 2022

Fannie Mae’s sweeping new national condominium regulations… Appraisers, Fannie Mae has changed inspection and reporting requirements for Condominiums, effective January 1, 2022. The article titled “How can appraisers evaluate aging condos without docs?” In an article released on CNBC….

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Housing Wire

JULY 1, 2021

And while each renovation project has the potential to add varying amounts of value, it’s important to remember that appraisers will look at the big picture when evaluating your home. “An That being said, we look at certain items on our inspections that play into the final valuation depending on the home.”.

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Housing Wire

OCTOBER 10, 2023

In this article, I’ll share the steps, what to include, what not to includes, and how to assemble a CMA report that’ll impress your clients. Property appraisal information Detailed outline or description of each property. These details are more relevant and appropriate in an appraisal. More on that later.

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Appraiserblogs

APRIL 19, 2023

This program allows for the collection of data related to real estate appraisals by unlicensed third-party data collectors, which is in direct violation of article 38 of the state’s Real Estate Appraiser Licensing and Certification Act. ARTICLE 38. THE REAL ESTATE APPRAISER.

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Cleveland Appraisal Blog

AUGUST 11, 2022

I hope you find her article to be helpful! Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer.

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McKissock

JUNE 17, 2022

The COVID-19 pandemic has accelerated the shift to desktop appraisals. As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Want to stay ahead of the curve with desktop appraisals and the latest technology?

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DataMaster

APRIL 6, 2021

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold.

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Cleveland Appraisal Blog

JANUARY 21, 2021

When performing an appraisal observation, appraisers must look for settlement issues and report on them. Perhaps the title of this article makes you think of the comic series from the 1942-1949 named the “ Crack Detective “ Well, probably not. I have shared it at the end of this article. Settlement cracks!

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Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Appraisal Buzz

MAY 31, 2022

This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. Throughout, I’ll address current practices and processes of appraisal review, measuring change through observations, and insight as to what is to come. The Appraisal Review.

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