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In this blog post, we’re starting with the end. 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 […]. Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals.
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 finalinspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. And, you’ll definitely […].
Right now on our Appraisal Blog, we’re all about helping Loan Officers. So far in our series, we’ve looked at finalinspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. We’re halfway there!
In case you missed part one, go back and read all about the FinalInspection process here. In this blog post, we’re going to give you an appraiser’s perspective on unique homes, and […]. This post is part two of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals.
Right now on our Appraisal Blog, we’re all about helping Loan Officers. So far in our series, we’ve looked at finalinspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals.
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 construction appraisals.
Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. This can come in the form of a pre-listing appraisal to help establish a market-supported asking price for the seller.
Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. You can read the full letter and blog post at [link] Here is another “wait-a-minute-moment”! How could this go wrong?
My advice: Always check what plan and updates were actually built when doing finalinspection. I always asked to see the final sales document data. I’m sure there will be increases, but no one knows how much for every market. In my market, with median prices over $1,000,000, I expect significant increases in volume.
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