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A Closer Look At The FinalInspection. You may have heard of an appraisalinspection but what is a finalinspection? Keep reading to find out the “second part” of the appraisal process for certain types of appraisals. Proposed ConstructionAppraisal.
Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. Well – not really the end, but one of the last parts of some appraisals – namely the finalinspection. We’ll briefly look at what a finalinspection […].
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 finalinspection. Inspection during construction. Finalinspection.
Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new constructionappraisals.
Real Estate Agents and Comparable Sales – Tips for AppraisersAppraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Don’t rely totally on blueprints during a new constructionappraisal 2.
As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “It’s a lot more than just pulling comps!”
Click on this link to view the actual document as released by Fannie Mae on March 1, 2023 [link] They have changed the term “Appraisal Waiver” to “Value Acceptance”. It is then the lender who confirms based on this information if the property is eligible and an appraisal is not required. Here is another “wait-a-minute-moment”!
First we must understand that the term “mobile home” is obsolete and refers to transportable homes constructed prior to June 30, 1976. The major distinction between a modular and manufactured home- the standard to which they are constructed. Manufactured homes are built 100% off site and constructed on the chassis.
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