Remove Clients Remove Housing Market Remove Reconsideration of Value
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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. That is a lot of bread!

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The appraisal gap is complicating deals across the country

Housing Wire

For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. I’ve seen a house listed at $1.7 But the most important thing is educating clients from day one. It’s made deals more challenging. million and sell for $2.03 million,” he added.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Housing market trends for 2022. While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Related reading: Check out our roundup of Housing Market Predictions for 2022.

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Types of Appraisal Values

Appraisal Today

Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property. 31, 2024.

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Practical Tips for Working With AMCs

Appraisal Today

It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. Reconsideration of value and Appraisers. Communicating with non-lender clients: Very, very different from lenders!! Lender decides You must match to client.

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Appraisers: How to Manage Your Emails

Appraisal Today

Comps??? == Reconsiderations of Value and What to Do About Them By Danielle Lopez This reconsideration of value has already set me back 30 minutes. The review and analysis of the lender-selected sales are completely irrelevant to the report and opinion of value.