D Fritz Appraisals

FEBRUARY 22, 2023

This article will discuss the definition of home equity and taking equity out of your home to buy another house in Canada. It represents the difference between what they owe on their home and its current market value. We have provided reliable real estate lending, sales, and appraisals for four decades in Victoria, BC.

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Investing Real Estate Appraisal Market Value 129

AmeriMac

JANUARY 31, 2025

A qualified professional appraiser gives an unbiased estimate of the property’s market value. This value considers different factors to ensure buyers and sellers are treated fairly. Understanding real estate appraisals is crucial in a changing market like New Albany, OH.

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Real Estate Appraisal Valuation Real Estate Agent 36

McKissock

JUNE 8, 2021

Should their value conclusions all fall within a reasonable range? Years ago, I was one of three appraisers selected by a lending institution to each appraise forty units in a large apartment project that was proposed to be converted to condominiums, as if they were already condo units.

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Appraisal Contracts Clients Law 73

Portland Appraisal Blog

APRIL 14, 2019

The purpose of this blog post is to lend some insight into what an agent should do and not do during the third stage. Most loans will fall under federal guidelines and use a definition for market value found on the form report workhorse of the appraisal world—the Fannie Mae 1004 Form. It’s not fair.

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Appraisal Reconsideration of Value Agents Market Value 78

McKissock

OCTOBER 23, 2020

How are divorce appraisals different from standard mortgage lending appraisals? These expert witness assignments are similar to the “before value” appraisals in condemnation cases. Find out in our CE course, Divorce and Estate Appraisals: Elements of Non-Lender Work. Bankruptcy. Income tax (IRS) issues.

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Appraisal Insurance Legal Development 77

Empire Appraisal Group

AUGUST 12, 2021

The agencies involved in residential lending—Fannie Mae, Freddie Mac, the Department of Veterans Affairs, and the Federal Housing Administration—have slightly varying definitions of gross living area, but all agree on these facts: Gross living area is the finished, above-grade residential area. Molitor-Gennrich. Walnut Creek, Calif.,

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Sellers Appraisal Development Construction 78

Appraisal Today

SEPTEMBER 15, 2023

To read more click here My comments: Definitely an appraisal challenge! == GSE FAQs: Appraiser Independence (AIR) (Aug. 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 Real Estate Agent Contracts Real Estate 90

Birmingham Appraisal

AUGUST 14, 2024

Before the crash, the real estate market thrived due to relatively low interest rates and good demand. Other factors eventually led to the crash including subprime mortgages, predatory lending, and questionable securitization by lenders, however, that is a topic for another day.

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Bracketing Construction Design Real Estate 62

Patch of Land

NOVEMBER 14, 2018

Data indicates that there are definitely months of the year—and even specific days—when you are statistically more likely to acquire a property at a discounted price. On some days, in fact, that price can be many thousands of dollars below a property’s estimated market value. What about when?

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Appraisal Today

FEBRUARY 16, 2024

There were definitely adjustments for homes built by famous, widely known, architects. Never use a lending form (such as a 1004) for estate work. Keep the definition of intended users as narrow as possible. Keep your definition of intended use as narrow as possible to describe how your appraisal will be used by your client.

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Appraisal Contracts Training Architecture 89

Appraisal Today

SEPTEMBER 20, 2024

percent from one week earlier Appraised Value Vs. Sale Price Excerpts: Property sellers often ask professionals who are performing appraisals for mortgage lending, “Why is an appraisal even needed? However, when it comes to appraised value vs. sale price, they are not the same thing. Unlike value, price is not an opinion.

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Appraisal Business Contracts Real Estate 82

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Fair Market Value. Adjustable-Rate Mortgage (ARM).

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Mortgage Insurance Inspection Sellers 69

Appraisal Today

FEBRUARY 9, 2024

to provide a specific definition, which includes: Refrigerators Ranges/ovens Dishwashers Garbage disposals Microwaves Washers and dryers It’s important to note this does not include garage door openers, swimming pool pumps, intercoms, sound systems, and security systems. MORTGAGE LENDING IS VERY, VERY CYCLICAL. By Daniel A.

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Appraisal Contracts Insurance Construction 89

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Most people know that appraisals need to be completed for lending purposes. My experience in completing appraisals for properties that have been sold without the professional expertise of a real estate professional is that the selling price is often lower than the value. When you are the seller of a FSBO (For Sale By Owner).

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Appraisal Renovations Real Estate Valuation 50

Town & Country Residential Appraisals

JULY 5, 2022

The role of the appraiser is to be an unbiased objective party within the many facets of the lending process whether it be for a purchase, home equity loan or refinance. In other words, the opinion of market value cannot and should not be influenced in ANY way by the parties to the transaction or the sale price.

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Appraisal Sellers Agents Real Estate 58

AmeriMac

DECEMBER 15, 2021

That’s why appraisal creep is such an issue for everyone – by artificially inflating the fair market value of a home, people end up spending more money than they should on a house that isn’t worth nearly as much as they think it is. One recent study illustrated just what a significant issue this has become.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

AmeriMac

DECEMBER 15, 2021

That’s why appraisal creep is such an issue for everyone – by artificially inflating the fair market value of a home, people end up spending more money than they should on a house that isn’t worth nearly as much as they think it is. One recent study illustrated just what a significant issue this has become.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

Appraisal Today

OCTOBER 6, 2023

This covers all Definitions, Rules, and Standards. Marketing, Forms, Scope of Work, What they Want, Getting names of companies, and many more topics. 2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats.

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Appraisal Contracts Real Estate Mortgage 86

Appraisal Today

AUGUST 23, 2024

Lenders rely on reviews to ensure the accuracy and reliability of appraisals before making lending decisions. Investors use them to evaluate the value and risk of potential investments. When I called my client, they just wanted to know if the value was the same as a house or 4 units. It was my last review for lending purposes.

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Appraisal Contracts Investors Property Appraisal 75

Appraisal Today

AUGUST 2, 2024

Then, along came accessory dwelling units (ADU), which in some states and cities are messing with established appraisal and lending systems. Conflict With Lending The Federal National Mortgage Association (FNMA) will buy a loan where the single-family home has a single ADU. Ah, the good old days. FHLMC), the VA and FHA.

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Appraisal Valuation Law Contracts 82

Appraisal Today

APRIL 1, 2023

Never use a lending form (such as a 1004) for estate work. The date of value can be a legal issue, and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Keep the definition of intended users as narrow as possible.

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Clients Appraisal Contracts Business 52

Assurance Financial

MAY 10, 2022

Owning a second home can mean you can deduct the interest you pay on the mortgage, provided the total value of both mortgages is less than $750,000. If it works for your budget, there are definite benefits to owning a vacation home: Better vacations: When you own a vacation property, your holidays can be longer and more affordable.

Property Taxes 74

Property Taxes Mortgage Finance Property Management 74

Assurance Financial

MAY 18, 2022

Since private lenders have insurance from the FHA, they are more likely to lend money to people who wouldn’t qualify for a conventional mortgage. During the appraisal, the appraiser will determine more than the market value of the home. The property you purchase with a USDA loan needs to be located in an eligible area.

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Insurance Government Mortgage Sellers 69

Housing Wire

JANUARY 24, 2024

By definition, a lowball offer is an offer that is significantly below market value. Asking price and market value are not always the same thing. Speak with their lender to ensure you’re fully understanding their situation, especially as interest rates and lending standards change all the time.

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Buyers Sellers Counter Offer Agents 476

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. So it’s something that is definitely worth further investigation. My professional background is out of finance and lending. Jeff Allen. So, we back that number.

Sellers 69

Sellers Agents Real Estate Appraisal 69

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. The local picture is less definitive. from today’s U.S.

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Housing Market Marketing Real Estate Buyers 36

Appraisal Today

SEPTEMBER 9, 2022

The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Keep the definition of intended users as narrow as possible. So they are paying investment value, not market value.

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Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Lender issues are a significant factor in USPAP and Myths 1 to 4.

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Appraisal Contracts Business Legal 84

Housing Wire

DECEMBER 27, 2024

billion in origination volume in the third quarter of 2024 , when it reported profitability in its origination segment even with an overall loss of $67 million due to a market value change in its servicing book. In February 2024, Guild struck a deal to acquire retail lending rival Academy Mortgage Corp. Guild posted $6.9

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Mortgage Retail Valuation Loan Officers 397

Housing Wire

NOVEMBER 21, 2024

The program, which is administered by the Federal Emergency Management Agency (FEMA), is a public-private partnership between the federal government, the property and casualty insurance industry, states, local officials, lending institutions and property owners.

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Insurance Housing Market Buyers Government 369

Appraisal Today

MARCH 21, 2025

So one main difference between traditional lender appraisals and relocation appraisals is the forecasting aspect: whereas lender appraisals determine a current market value, relocation appraisals try to project what the sales price WILL be. You definitely needed to be nice, not rush through the inspection, dress professionally, etc.

Appraisal 52

Appraisal Reconsideration of Value Mortgage Contracts 52

AmeriMac

FEBRUARY 15, 2025

They ensure accurate property valuation based on market and fair market values using certified professionals and valuation models. Definition and Purpose of AMCs Appraisal Management Companies (AMCs) oversee the appraisal process for lenders by selecting qualified appraisers to determine property values fairly.

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Appraisal Appraisal Process Valuation Real Estate 36