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Well – not really the end, but one of the last parts of some appraisals – namely the finalinspection. We’ll briefly look at what a finalinspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The FinalInspection appeared first on Riverfront Appraisals.
As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish realestate agents knew about the appraisal process?” ” “The definition of marketvalue.” ” “How value is derived.” Was the seller highly motivated?
Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s marketvalue”. How could this go wrong?
Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.
This lexicon of realestate terms and acronyms will help you speak the language like a pro. Appraisal : An informed, impartial and well-documented opinion of the value of a home, prepared by a licensed and certified appraiser and based on data about comparable homes in the area, as well as the appraiser's own walkthrough.
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