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This is a continuation of the April 15, 2024 article “ From Forms to Reports: A Look at the UAD Overhaul ” I am named after my father, who passed away in 2000. I had just returned from college, and back then, there was no appraisal software available. Dad was an SRA who brought me into the business and mentored me back in 1982.
The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. Appraisers will have to understand how to communicate assumptions and limiting conditions.
What is a MortgageAppraisal? A mortgageappraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Appraisal vs Home Inspection.
This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will repairs be needed? A Few Basics.
This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will repairs be needed? A Few Basics.
To read more and see the photos, Click Here My comment: I included some of these homes in previous email newsletters, but thought this article fit well with daylight savings time so I am including it in my blog. Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals.
This is why home appraisals are advised to ensure property costing is as fair as possible. This article discusses what an appraisal requires, why it needs to be reviewed and the methods involved in arriving at both conclusions. What Is an Appraisal? Cost Approach.
The home was essentially hand-built from scratch, and it took two years to construct,” says listing agent Damian Hall, of Blackstream International Real Estate. To read more about this topic, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. They used materials from all over the world to furnish it.
Additional Topics: Paired Sales Analysis Market Trends and Regression Analysis Indexing Methods CoreLogics Home Price Index (HPI) S&P CoreLogic Case-Shiller Index Use of Listings and Pending Sales Subdivision or Neighborhood Analysis And More To read more, Click Here My comments: READ THIS ARTICLE! Goes over many topics.
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