Appraisal Buzz

JULY 26, 2021

The Urban Institute recently released a blog post entitled – Increasing Diversity in the Appraisal Profession Combined with Short-Term Solutions Can Help Address Valuation Bias for Homeowners of Color. This article addresses several issues with the real estate appraisal profession that are worthy of further examination and comment.

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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. There will be many more data elements related to the inspection.

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Housing Wire

SEPTEMBER 9, 2021

For example, from a scheduling standpoint, 58% of survey respondents stated they would be very likely/likely to self-schedule their appraisal, inspection and/or closing appointment online if the option was available to them. For example, can you include a form fill, chat bots, an FAQs section, how-to videos or thought leadership articles?

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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. Research the subject property.

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Appraisal Partners Blog

JANUARY 20, 2025

But what exactly is a residential appraisal, why is it necessary, and what factors influence the final valuation? This article will break down the complexities of the appraisal process, providing you with the essential knowledge to navigate this critical aspect of real estate transactions with confidence.

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Housing Wire

JULY 1, 2021

“That being said, we look at certain items on our inspections that play into the final valuation depending on the home.”. Appraisers may also adjust valuations based on open concept versus older-style multi-roomed living spaces. For example, hardwood floors would likely be appraised as higher value than vinyl.

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Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. 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. Quality Control and Quality Assurance .

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Housing Wire

JUNE 7, 2024

Meet the fire department for the smoke inspection. Run home valuation social media ads Running social media ads is a great way to get in front of potential sellers quickly, efficiently, and for very little money. You’ll definitely want to partner with a company that provides property valuations, plus a lead conversion tool.

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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. Do I need a home inspection as well?

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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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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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Boston Appraisal

OCTOBER 8, 2022

Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.

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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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Boston Appraisal

MAY 17, 2023

The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction. Oftentimes, appraisers face situations where a physical inspection alone may not provide all the relevant data required.

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Cleveland Appraisal Blog

JANUARY 21, 2021

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. So, we will call for an qualified professional to inspect the situation to see what, if anything, needs to be done. STRUCTURAL.

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Housing Wire

AUGUST 3, 2023

In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. Which real estate functions can AI outperform humans I asked GPT-4 about real estate valuation. The good news is that the early adopters will thrive.

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Cleveland Appraisal Blog

JUNE 9, 2023

To get caught up, I have some returning guest bloggers who wrote some articles that I think you might enjoy. In this article, she shares some pest control tips and tricks. Inspect your property regularly for openings, and seal them with caulk or weatherstripping as needed. I hope you’re having a great summer!

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DW Slater Company

FEBRUARY 24, 2022

Dave Towne, Certified Residential Real Estate Appraiser; owner of Appraiser Education Service, recently wrote an article published in Working RE that discusses some of the differences between the Full, Desktop, and Hybrids as well as questions around them. Tools for Desktops/Hybrids. What about foul odors?

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DataMaster

APRIL 6, 2021

In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. Share this article with them and chat about the appraisal process. An appraisal is an unbiased valuation of the fair market value of a home. Home values were skyrocketing and rising weekly. What Is An Appraisal?

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Boston Appraisal

OCTOBER 8, 2022

Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.

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Appraisal Inspection Appraisal Process Valuation 78

Boston Appraisal

OCTOBER 8, 2022

Hybrid appraisals and full appraisals differ in one key aspect, property inspection. In the course of a full appraisal, the appraiser will schedule and inspect the property themselves. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.

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Appraisal Inspection Appraisal Process Valuation 78

McKissock

NOVEMBER 13, 2020

REO properties represent business opportunities for appraisers, as property valuations may be needed for pre-foreclosure, loan workouts, short sales, asset evaluation, and more. However, inspecting these types of properties can be dangerous. It is a good idea to take another person along when inspecting REO properties.

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Appraisal Partners Blog

JANUARY 12, 2025

From digital data collection to sophisticated analytical software, technology is reshaping how appraisals are conducted, impacting both the speed and accuracy of valuations. Its important to understand how technology is impacting the industry, and to see how its creating a more efficient and accurate valuation process.

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McKissock

FEBRUARY 4, 2022

Incenter Appraisal Management and McKissock Learning partner to host several desktop valuation training webinars. ” The article cites strong demand, record-low inventory, and increasing property values as reasons for the swift increase to $43 trillion in the latter half of last year. ” Read the full article. .”

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McKissock

MARCH 8, 2022

In various articles and opinion pieces, some claim that desktop appraisals will solve the appraiser shortage and modernize the appraisal process, while others claim that they will cause the demise of the appraisal profession. Does USPAP require me to complete an inspection? Won’t these types of valuations be risky for the lender?

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McKissock

MARCH 6, 2023

Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. For example, it is widely expected that the U.S. Foreclosure numbers are trending upward.

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Birmingham Appraisal

SEPTEMBER 15, 2022

You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Home inspections are normally regulated by the state.

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Realtor

OCTOBER 21, 2016

Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. It’s a broad-based approach not to be confused with a home inspection , which is a more detailed look at the property. Septic system in good condition. Free of mold.

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Appraisal Partners Blog

JANUARY 14, 2025

Its designed to help employers manage their relocation programs efficiently while providing fair and accurate valuations for their relocating employees. This article will explore the purpose, process, and critical factors involved in relocation appraisals, highlighting their importance in achieving successful and seamless employee moves.

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McKissock

MARCH 6, 2023

Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. For example, it is widely expected that the U.S. Foreclosure numbers are trending upward.

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Appraisal Today

JANUARY 31, 2025

Fannie Mae only accepts the sales comparison approach as its primary valuation tool. To read more, Click Here My comments: When I saw the article topic I thought it would be boring. This article explains when and why. Valuation Profession Fact Sheet Effective 08/01/2023 Men 67.9% Race/Ethnic White 77%% Hispanic/Latina 5.5%

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Dart Appraisal

OCTOBER 26, 2020

Prompt Action Safeguards Loan Closings By Michael Dresden , President, Dart Appraisal This article originally appeared in Scotsman Guide, October 2020 The novel coronavirus pandemic already has had a profound impact on the U.S. Article: Ensuring Independence. economy and society. LATEST NEWS. Dart Board Newsletter – May 2017.

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Appraisal Partners Blog

FEBRUARY 22, 2024

In this article, we examine the critical function that divorce property appraisals play in divorce proceedings and how they support justice, openness, and well-informed decision-making during the difficult process of asset division. When it comes to divorce proceedings, figuring out “Who gets what?” For any query, Reach out to us today!

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McKissock

JANUARY 22, 2021

A major selling point for completing hybrid or bifurcated appraisals is that the appraiser will save a good deal of time by not inspecting the property, not taking photos of comparable sales, and not sitting in traffic. The remaining 3.5 hours is spent on completing the research, analysis, and reporting. Written by Jo Traut.

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Appraisal Today

NOVEMBER 1, 2024

As an appraiser, understanding the nuances of kitchens is essential to providing credible and insightful valuations. Comprehensive article on the fee issue, with comments from appraisers, appraiser organizations AMCs, MBA and many more organizations. Let’s dive into appraising kitchens and how the room impacts market value.

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CP Home Appraisals

FEBRUARY 10, 2009

The following are excerpts from HUD Mortgagee Letter 2005-ML-48 regarding repair and inspection requirements. Recommended repairs are based on a visual inspection of readily observable items only. Cosmetic repairs are not required; however, they are to be considered in the overall condition rating and valuation of the property.

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Genworth MI Blog

JULY 13, 2023

There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. Thus, the parties conducting each part of the appraisal, inspection vs. research, are completed by two different people instead of one.

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