Remove Design Remove Home Value Remove Reconsideration of Value
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HUD rescinds appraisal review policies

Housing Wire

Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Additionally, homes in Black communities are undervalued by an estimated 21% to 23%, translating to $162 billion in lost equity for Black homeowners.

Appraisal 210
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ICE unveils two new property valuation solutions

Housing Wire

Validate ROV allows homeowners who have questions about lender-assigned home values to submit “reconsideration of value” requests with their phones. Consumers will supplement their requests with pictures of the property.

Valuation 448
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Appraisal Comparable Guidelines: A Cheat Sheet for Agents

Birmingham Appraisal

Similar school districts, especially in areas where schools significantly impact home values. Within a similar competitive market area (if no sales are available in the subject’s neighborhood or subdivision): ie, an area with similar quality, style, and price range of homes.

Agents 58
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Practical Tips for Working With AMCs

Appraisal Today

Reconsideration of value and Appraisers. Architect James Kluttz designed the place for himself and his family in 1987. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. value to property. We all like free Liability advice!

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How to Find Comps With Few Sales

Appraisal Today

This will save time, especially when consumers request a Reconsideration of Value. But the waterfront building’s more-recent design is rooted in a nautical past. The four-bedroom home at 1313 Jefferson Ave. Allow the appraisers to speak directly to the lender/client, instead of going through the third-party agent.

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Appraisal Sq. Ft. Appraisal vs. Assessor/Public Records

Appraisal Today

By Tom Horn Excerpts: Why Accuracy Matters Square footage is one of the most critical factors in determining a homes value, yet it is often misunderstood. Many homeowners and real estate agents assume that the square footage listed in public records is accurate, but thats not always the case. Sample listing (Photo Above of ADU): 1.