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In case you missed part one, go back and read all about the FinalInspection process here. The post The Loan Officer’s Guide to Appraisals Part 2: Lending on Unique Homes appeared first on Riverfront Appraisals. This post is part two of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals.
So far in our series, we’ve looked at finalinspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. Right now on our Appraisal Blog, we’re all about helping Loan Officers. We’re halfway there!
So far, we’ve covered finalinspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. And, you’ll definitely […].
In case you missed part one on the FinalInspection process, go back and read it here. And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […]. This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals.
So far in our series, we’ve looked at finalinspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals.
Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. This can come in the form of a pre-listing appraisal to help establish a market-supported asking price for the seller.
The finalinspection for these structures are conducted by approved inspectors for the area they are located and not in factory. A couple distinctions that affect your appraisal and lending ability also are related to these differences. This can severely inhibit the marketability for these types of properties.
Buyers market : Market conditions that exist when homes for sale outnumber buyers. Homes sit on the market a long time, and prices drop. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party. Lenders reward lower LTV ratios.
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