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Home Appraisal vs. Home Inspection

CP Home Appraisals

A home inspector’s function is to study the structural, electrical, mechanical & plumbing in a home and document any problems or safety issues. 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.

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Decoding Property Appraisal for REO Properties

AmeriMac

Appraisers must fully understand foreclosure processes, legal issues, and local market trends to set the correct market value for REO properties. They must carefully work through these challenges to provide fair value for lenders and potential buyers. It is key to notice and measure these differences to create an accurate appraisal.

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2024 USPAP For Appraisers

Appraisal Today

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. Valuation By Comparison by Mark Ratterman, MAI Book Review.