Riverfront Appraisals

JULY 29, 2021

So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process.

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Reconsideration of Value Appraisal Appraisal Process Loan Officers 100

Cleveland Appraisal Blog

SEPTEMBER 10, 2022

Reconsideration of Value and Appraisers – APPRAISAL TODAY. Buyers & Sellers feeling stuck in the housing market – Sacramento Appraisal Blog. Reconsideration of Value and Appraisers – APPRAISAL TODAY. Is the Sun Setting on High Prices? – DW Slater Appraisal Blog.

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McKissock

DECEMBER 28, 2021

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. “The The top ones are reconsideration of values, and growing prevalence of desktop appraisals.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Birmingham Appraisal

JUNE 13, 2023

As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such. However, as an appraiser, I have to look beyond the offers and consider other factors that affect market value, such as supply and demand, market trends, buyer preferences, financing conditions, etc.

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Real Estate Agent Real Estate Agents Reconsideration of Value 87

Appraisal Buzz

JULY 17, 2024

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Town & Country Residential Appraisals

OCTOBER 21, 2024

It’s called a Reconsideration of Value (ROV) , and it’s a tool that can save the deal, reduce buyer stress, and make real estate agents look like heroes. It’s pretty simple: Submit the request : The buyer (through their lender) requests the appraiser to reconsider their valuation. How Does the ROV Process Work?

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Appraisal Reconsideration of Value Valuation Real Estate Agent 57

Birmingham Appraisal

FEBRUARY 20, 2024

Understanding the Role of the Real Estate Appraiser When a home buyer finds a home they would like to purchase and have the need to obtain financing they will work with a lender. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Appraisal vs Home Inspection.

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Birmingham Appraisal

MARCH 26, 2025

The Appraisers Approach to Selecting Comps Appraisers dont just pick sales that seem similar; they follow a structured approach based on lender requirements, market trends, and the principle of substitution (buyers will not pay more for a property when a similar one is available for less). As always, thanks for reading.

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Agents Appraisal Reconsideration of Value Real Estate Agent 58

Appraisal Today

JULY 26, 2024

The buyer could turn the place into a museum or something else. A Reality Check Southernmost House in Continental U.S. Is for Sale in Key West (It’s Next to the Buoy) for $18.5 million Mortgage applications decreased 2.2

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Appraisal Today

APRIL 7, 2023

Piven says it will likely sell to a buyer who grooves out to the sweet sound of rental revenue. “It Comps??? == Reconsiderations of Value and What to Do About Them By Danielle Lopez This reconsideration of value has already set me back 30 minutes. In addition, the appraiser should be compensated for his/her time.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Appraisal Today

JULY 12, 2024

Topics include: Urban, Rural, Suburban Understanding the legal landscape Monitoring financial incentives Key Factors in ADU Appraisal Property data and features Buyer types Zoning Misclassifying ADUs as duplexes Understanding new flexibilities To read more, Click Here My comments: I have followed ADUs in my local market since they started. —and

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Appraisal Today

APRIL 5, 2024

More significantly, loanDepot.com agreed to an extensive revamping of: (a) its reconsideration of value practices; (b) fair housing/non-discrimination training requirements; (c) statistical tracking of appraisal outcomes; and (d) training and contractual requirements for AMCs and appraisers.

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Appraisal Today

SEPTEMBER 9, 2022

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” ®’s data team has scoured the country to pinpoint where buyers can find the best deals on oversized abodes. 1826 Clement Ave.

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Appraisal Buzz

JULY 19, 2024

Five federal regulatory agencies including the Consumer Financial Protection Bureau have finalized a rule that allows home buyers to request a reassessment of an appraisal as part of a residential real estate transaction.

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Portland Appraisal Blog

APRIL 14, 2019

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. We’ll have to cut price or find another buyer. It’s important to note that we’re in this situation in the first place because we didn’t get a cash buyer. What is a Reconsideration of Value? What just happened?

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Appraisal Today

OCTOBER 18, 2024

But the UAD also removes some of the benefit of appraisers’ reactions — which may mirror the behavior, thinking, and psychology of “typical” buyers! Added Kan, “Demand is holding up to an extent for prospective first-time buyers. It serves to eliminate much subjective wording, such as “good” “superior”, “nearby” and “desirable.”

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Appraisal Reconsideration of Value Insurance Contracts 85

Appraisal Today

MAY 24, 2024

I’m always looking for something new = ROV, Part 2 By George Dell, SRA, MAI, ASA, CRE Excerpts: ROV (Reconsideration of Value) is now in the boat. Is it safe? We suspect this will be a long row to get to the chosen island. It may be good to start where any good study starts. What are the words?” percent the previous week.

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Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Reconsideration of value and Appraisers. Buyer-Borrower Remorse. I promise you that this will make you known in your area.”.

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Appraisal Today

AUGUST 9, 2024

This price assumes a reasonable exposure time on the market, with both buyer and seller acting prudently and without duress. Types of Value (Partial List) Assessed Value Investment Value Insurable Value Value in Use Book Value Intangible Value To read more, Click Here My Comments: Read this article! .

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DataMaster

JUNE 2, 2023

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. We all know home buying is a complicated process, and we all have the same end goal: getting the buyer in their home. At the most basic level, try to speak to the client as you would if you were face to face.

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Reconsideration of Value Valuation Clients Legal 145

DataMaster

JUNE 2, 2023

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. We all know home buying is a complicated process, and we all have the same end goal: getting the buyer in their home. At the most basic level, try to speak to the client as you would if you were face to face.

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Reconsideration of Value Valuation Clients Legal 78

Housing Wire

OCTOBER 24, 2024

The plan expands the reach of assistance to 4 million first-time buyers over the next four years. Under the new plan, eligible home buyers could receive a tax credit equal to 10% of the purchase price of their home, capped at $15,000. Handling a below-contract appraisal and request for reconsideration of value (ROV).

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Training Mortgage Reconsideration of Value Architecture 435

Appraisal Today

MARCH 21, 2025

Without it, buyers are left vulnerable to shifting market conditions. At that point in time, balloon payments were common and the mortgage loan terms offered by lenders were a lot shorter than you’d expect-making it tough for buyers to utilize them or even qualify. You Lose a Key Protection Against Market Volatility.

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Appraisal Reconsideration of Value Mortgage Contracts 52

Appraisal Today

MARCH 28, 2025

Properties on this list are ineligible for conventional loans backed by Fannie Mae, which significantly reduces financing options for buyers and owners looking to refinance. There are very few co-ops in my area and many buyers preferred condos over co-ops. Finally, in the 1990s one local lender started making loans.

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Housing Wire

DECEMBER 23, 2024

While Rocket does not have the authority to directly intervene in the process, the law does map out a path for appeal in cases where error or bias are suspected; its called reconsideration of value (ROV). But according to federal guidelines, the ROV process must be initiated by the home buyer, not the lender.

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