Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. 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. What is a Mortgage Appraisal? Appraisal vs Home Inspection.

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Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Most people know that appraisals need to be completed for lending purposes. But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? When you are the seller of a FSBO (For Sale By Owner).

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Raleigh Realty

AUGUST 27, 2021

It lets sellers know that you are serious about purchasing their home and that you have done the work to be in good financial standing. Sellers want to know that you will be able to follow-through with the purchase of their home. You know that you are getting the house itself, but what items are the seller going to take with them?

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Portland Appraisal Blog

APRIL 14, 2019

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. What just happened? It’s not fair. That’s not the case here.

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The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. You may need a commercial valuation for many reasons.

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Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins.

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Genworth MI Blog

JUNE 27, 2019

This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. The Truth in Lending Act (TILA) contains rules addressing appraiser independence. Market value has some key elements that we must understand.

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Genworth MI Blog

JUNE 27, 2019

This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. The Truth in Lending Act (TILA) contains rules addressing appraiser independence. Market value has some key elements that we must understand.

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Appraisal Tips Appraisal Law Market Value 78

Zillow

JULY 15, 2019

Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender.

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Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” percent from 6.40 percent from 6.36

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Cleveland Appraisal Blog

MARCH 18, 2021

The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price.

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Appraisal Today

SEPTEMBER 15, 2023

This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc.

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Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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McKissock

JUNE 8, 2021

So, what if a client provides a sales contract to the appraiser after the report is completed, and the appraised value estimate is five percent above the contract price? Conversely, what if the contract price was five percent higher than the appraised value estimate? Is the client going to fuss? Not likely.

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Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” MORTGAGE LENDING IS VERY, VERY CYCLICAL.

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Clear Capital

DECEMBER 21, 2022

Whether it is for the borrower, the seller, or the lender, a detailed and error-free appraisal report positively influences the purchase decision and credibility of the process. To lend support and demonstrate marketability, use a sale with a similar external influence when possible or consider expanding your search further back in time.

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Clear Capital

SEPTEMBER 29, 2021

” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon. I mean, like, total disaster of a listing that’s been sitting on the market for months in the midst of a very hot seller’s market. Kenon Chen.

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