AmeriMac

OCTOBER 28, 2024

Real Estate-Owned (REO) properties are distressed homes acquired by lenders after failed auctions. Sold below market value, they often require significant repairs. Appraisers must fully understand foreclosure processes, legal issues, and local market trends to set the correct market value for REO properties.

Property Appraisal 36

Property Appraisal Appraisal Legal Valuation 36

Birmingham Appraisal

SEPTEMBER 28, 2022

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. An agent involved in the property inspection process may overlook defects that may affect the value that the appraiser would readily pick up on.

Appraisal 59

Appraisal Property Inspector Training Real Estate Agent 59

CP Home Appraisals

AUGUST 27, 2018

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. The bulk of the appraiser’s work is focused on market analysis to decide market value based on “assumed” condition of the house.

Inspection 78

Inspection Appraisal Property Inspector Real Estate 78

Appraisal Today

OCTOBER 6, 2023

Next month’s newsletter will have a lengthy article on the issues of the property inspector. I wonder how well the GSE AI works on rural appraisals, “one of a kind” properties, no permits, Highest and Best Use issues, and many more. The data collector qualifications need to be standardized. Each AMC sees it differently.

Appraisal 79

Appraisal Contracts Real Estate Mortgage 79