Portland Appraisal Blog

AUGUST 8, 2020

The appraisal report is not for lending: The overwhelming majority of appraisal reports are written for a lending institution due to a sale or refinance—certainly over 90% and most likely approaching 99.9%. Sometimes the report is not for lending and the effective date of value is not contemporary but is a point in the past.

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Appraisal Bracketing Lending Agents 78

Birmingham Appraisal

AUGUST 14, 2024

Other factors eventually led to the crash including subprime mortgages, predatory lending, and questionable securitization by lenders, however, that is a topic for another day. After the crash, there was a decline in the size of homes which may have been brought on by more conservative lending practices due to the crash.

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Bracketing Construction Design Real Estate 62

Genworth MI Blog

NOVEMBER 29, 2018

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. I refer to this approach as high-level bracketing. Shift Terminology. Another tactic is to shift terminology.

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Appraisal Marketing Training Bracketing 78

Genworth MI Blog

NOVEMBER 29, 2018

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. I refer to this approach as high-level bracketing. Shift Terminology. Another tactic is to shift terminology.

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Appraisal Marketing Training Bracketing 78

Birmingham Appraisal

FEBRUARY 20, 2024

The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it. Agents and appraisers should be choosing comparables based on the physical attributes of the property and bracketing different features of the property when possible.

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Agents Appraisal Real Estate Agent Bracketing 94

Clear Capital

NOVEMBER 14, 2022

Delays in responding to revision requests can have a serious impact on all lending parties during the review process. This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. Reduce lengthy commentary.

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Appraisal Lending Bracketing Inspection 69

Lamacchia Realty

JANUARY 10, 2022

They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Lenders lend based on the appraised value, so if you offer based on the higher list price, you’re responsible for covering the difference.

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Sellers Inspection Buyers Bracketing 74

Lamacchia Realty

MARCH 12, 2024

They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Lenders lend based on the appraised value or purchase price (whichever is lower), so if you offer based on the higher list price, you’re responsible for covering the difference. Real estate is a long game.

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Inspection Buyers Sellers Real Estate 74

Clear Capital

DECEMBER 21, 2022

By bracketing the salient features of the house in the appraisal report, appraisers sometimes overlook the proximity and location factors. When choosing comparable sales, bracket the location or view . Location, location, location. The three golden rules of selecting comparable sales: No. 1 is location, No.

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Appraisal Bracketing Clients Market Value 69

Appraisal Today

APRIL 14, 2023

Appraisers sought to bracket the subject using three comparable sales. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication. Many of us have learned to truncate our verbiage because our lending clients do not want to read volumes.

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Appraisal Bracketing Valuation Contracts 52

Lamacchia Realty

FEBRUARY 22, 2023

They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Lenders lend based on the appraised value or purchase price (whichever is lower), so if you offer based on the higher list price, you’re responsible for covering the difference. Real estate is a long game.

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Inspection Buyers Sellers Bracketing 41

Portland Appraisal Blog

APRIL 14, 2019

The purpose of this blog post is to lend some insight into what an agent should do and not do during the third stage. 4) “Bracketing” of most major features. (No 4) Depression—that idiot appraiser killed my deal. It’s not fair. 5) Acceptance—that idiot appraiser killed my deal. We’ll have to cut price or find another buyer.

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Appraisal Reconsideration of Value Agents Market Value 78

Housing Wire

NOVEMBER 17, 2021

Just look at HUD’s own data on FHA lending: 1. Compare this to the larger market of the GSEs who only hit a 45% FTHB rate and it is clear that FHA is the primary entry program to homeownership and hits younger people at a time where every penny counts — far more than those in higher income brackets.

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Insurance Mortgage Bracketing Government 418

Housing Wire

NOVEMBER 22, 2024

If one would normally pay 20% based upon their tax bracket, they will pay 10% instead. A loan that pays off early does not provide the expected return and everyone on the lending side loses. In the 20 years I’ve been lending, these price adjustments have expanded, worsened, expanded more, and worsened more. Neither are lenders.

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