Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

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Sellers Real Estate Appraisal Appraisal Process 86

D Fritz Appraisals

AUGUST 12, 2019

Understanding the differences between an appraisal and an inspection will help you understand when you might need one or the other – or both – before you buy your first home. Let’s explore the similarities and differences between a home inspection and a home appraisal. What Is a Home Appraisal?

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Inspection Appraisal Property Appraisal Real Estate 96

Clear Capital

FEBRUARY 23, 2024

If it is not highlighted by the lender, the appraiser should review the income and resale restrictions in the purchase contract, and notify the lender before completing the order that it is a shared equity property. The contract will also likely reference a second document, either a deed restriction or a ground lease.

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Valuation Market Value Contracts Appraisal 36

Chicagoland Appraisal Blog

JULY 13, 2017

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago. Why was this offer selected?

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Appraisal Marketing Realtors Real Estate 78

Appraisal Today

JULY 12, 2024

At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.00 percent from 7.03 percent, with points decreasing to 0.60

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Appraisal Design Contracts Business 69

The Robert Weiler Company

APRIL 20, 2021

The appraiser must refer to the company’s past net earnings performance and process that figure by capitalizing this number to a present value. Sometimes referred to as Seller’s Discretionary Earnings, or SDE, this number is principally used to show your business’s earning potential with a new owner. Refer to your business plan.

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Valuation Business Buyers Market Value 147

Appraisal Today

AUGUST 18, 2023

Be sure to put in a comment requesting it. == The Future of Property Appraisal: Unveiling the UAD Redesign and New URAR By: McKissock August 15, 2023 At the recent Valuation Expo conference in Las Vegas, Heather Sullivan (Aloft), Ken Defeo (Fannie Mae), and Sean Murphy (Freddie Mac) provided a peek at some of the upcoming changes.

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Appraisal Contracts Inspection Real Estate 76

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

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Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

OCTOBER 11, 2024

This demonstrates the issue of uncertainty and “relative reference.” Some negative outcomes may include: Limitation of investigative property inspection, work scope, anomalies, and interaction with the lender client when unique situations arise. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.71

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Appraisal Insurance Contracts Valuation 76

Appraisal Today

MARCH 15, 2024

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.77

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Appraisal Inspection Modernization Business 70

McKissock

JULY 24, 2020

If there are problems that are indicated by the investigation or the appraisal review, then formal disciplinary action is warranted, and the case will go forward from there. Referred for formal hearing. If the parties do not come to a consent agreement, then the matter is referred to a formal hearing. Written by Dan Bradley.

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Appraisal Law Government Real Estate Agent 53

McKissock

SEPTEMBER 10, 2020

Business components in special purpose properties are often referred to as “intangibles.” Below, we provide an overview of intangibles and outline six special purpose property tips for appraisal reviewers. Special purpose property tips. Intangibles.

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Appraisal Valuation Real Estate Design 54

Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. percent from 7.58

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Appraisal Modernization Training Business 71

Appraisal Today

AUGUST 2, 2024

————————————————————————————– When Is Single-Family a Multi-Family Appraisal? The average contract interest rate for 15-year fixed-rate mortgages increased to 6.27

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Appraisal Law Valuation Contracts 75

Appraisal Today

SEPTEMBER 22, 2023

Most of the inspection training we receive as appraisers happens in the field. When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. To read more, including 80+ appraiser comments, click here I read all the comments. I am 80 years old.

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Appraisal Training Inspection Real Estate 88

Appraisal Today

NOVEMBER 20, 2022

Excerpts: Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. To read more, click here.

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Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

APRIL 28, 2023

First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. So our first task is to find a property with solar panels that’s similar to the subject. To read more, click here My comments: All appraisers are asked to do the “tough ones. percent from 0.5

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Appraisal Real Estate Business Contracts 52

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Still, there are some kinks to work out of third-party property data collection, which Christensen described as the “Wild West.”.

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Appraisal Valuation Inspection Law 317

Clear Capital

JANUARY 5, 2023

Unfortunately, they also resulted in a disproportionate benefit to white families and furthered neighborhood segregation under policies referred to as redlining. Waters and others are seeking legislative changes to address systemic appraisal discrimination. She is not alone in addressing bias in appraisals and housing.

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Appraisal Modernization Valuation Appraisal Process 67