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Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.
For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
Winchester/Shenandoah Valley Home Appraisal Lunch and Learn Maximize your deals and avoid leaving money on the table with our expert guidance! Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. All things appraisal property inspection.
Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others? appeared first on Riverfront Appraisals.
Price like a Real Estate Appraiser! Are you a real estate professional or mortgage lender looking to learn more about the home appraisal process? Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. All things appraisal property inspection.
Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.
How do you feel when an appraisal revision request pops up in your inbox in the morning? You already painstakingly checked your appraisal report the previous night before hitting ‘send’ and now you’re on your screen the next day, making revisions to the same report under a tight deadline! . How to prevent appraisal revision requests.
As an appraisal quality leader and former field appraiser, I know firsthand that working in the real estate appraisal industry can be a wild ride. Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. . Location, location, location.
Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. The rest of the post is a very good case study To read more, click here My comments: I have appraised many fixer-uppers.
Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different than the appraised value which, these days as prices rise, can be lower than list price. Consider Waiving Inspection. Shorten the inspection window, purchase and sale date, and mortgage contingency if possible.
Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different from the appraised value which, as prices rise, can be lower than the list price. List prices typically reflect the comps (comparative properties) of homes sold in the neighborhood in the past six months.
With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. During due diligence, you'll need to hire someone to do a property inspection and appraisal. The process may not require you to go through an appraisal of your home or income verification.
Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different than the appraised value which, these days as prices rise, can be lower than list price. List prices typically reflect the comps (comparative properties) of homes sold in the neighborhood in the past six months.
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