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The Loan Officer’s Guide to Appraisals Part 7:  How Can the Appraisal Process be Sped Up?

Riverfront Appraisals

So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. And, you’ll definitely […]. For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

” “The definition of market value.” ” “City codes and guidelines so final inspections are not necessary. .” Appraisers do not assign value “Appraisers do not dictate a home’s value, the market does.” ” “That we research value, we do not assign it.”

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Appraising New Construction

Appraisal Today

My advice: Always check what plan and updates were actually built when doing final inspection. I always asked to see the final sales document data. To read more, Click Here My comments: Read this if you do new construction. I have done many new home appraisals from one-off custom homes to all sizes of projects.