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Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Department of Housing and Urban Development (HUD). Garber added that the most pressing concern for appraisers remains the resolution of fair housing claims by the U.S.
I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. That means development can start this year, so the industry is ready to roll out the new forms in 2024.
Pricing a listing correctly is one of the most critical skills a real estate agent can develop. List a home too high, and it sits on the market, developing a stigma that can lead to lowball offers. Similar school districts, especially in areas where schools significantly impact homevalues. What Makes a Good Comp?
As strategies continue to develop and evolve, we believe it’s important to engage and communicate with stakeholders, so here are three key items we believe appraisers should keep top of mind in 2024. It’s a necessary step in developing credible reports. A Reality Check Southernmost House in Continental U.S. Worth reading.
The collected data, including scans, videos, and photos of consumer’s homes and possessions, must be protected and access to data must be controlled. The property data collection process by unlicensed and unregulated people hampers the appraiser trainee’s development and hurts the next generation of licensed and certified appraisers.
By Tom Horn Excerpts: Why Accuracy Matters Square footage is one of the most critical factors in determining a homesvalue, 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. There is, perhaps, a silver lining.
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