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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” You were hired to complete an appraisal. Can an appraisal inspection substitute a home inspection?

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Home Inspections vs Home Appraisals

D Fritz Appraisals

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Appraisal? What Is a Home Inspection?

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How to prepare a comparative market analysis (CMA) report

Housing Wire

Property appraisal information Detailed outline or description of each property. These details are more relevant and appropriate in an appraisal. Select active listings comps Choose active listings near to the subject property. CMA reports are simple and effective tools.

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Your Ohio Commercial Property Reassessment Cheat Sheet [2023 Update]

The Robert Weiler Company

Thanks to the passage of a 2017 law, the State’s property reassessments are based on drone footage, taken from about 400 feet in the air. While this helps expedite the process, the lack of on-the-ground property inspection leaves some Ohio residents nervous. And, how can property owners potentially challenge new property values?

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What Is an Appraisal Waiver? A Way To Save Cash on a Refinance

Realtor

After all, your home serves as the loan’s collateral, meaning that if you stop paying your mortgage, your lender can foreclose on your property, take it over, and then sell the place to recoup its losses. With an appraisal waiver, however, also known as a property inspection waiver, the loan is underwritten without hiring an appraiser.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

” “The amount of knowledge, continued education and diligence it truly takes to provide an excellent work product for the property appraisal.” ” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “How value is derived.”

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Should Home Sellers Get an Appraisal Before Listing? Here’s Why It’ll Cost You

Realtor

If a buyer needs a loan to purchase your home, the lender will require an appraisal toward the end of the loan application process just to make sure the home is actually worth its purported value. Agents will also do a walk-through of your property and talk with you before arriving at a number you both feel comfortable listing at.

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