Birmingham Appraisal

AUGUST 23, 2023

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.

Agents 91

Agents Appraisal Valuation Appraisal Process 91

Town & Country Residential Appraisals

APRIL 10, 2023

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 market value”. They also stated that it benefits consumers via greater accuracy, lower costs and increased speed. How could this go wrong?

Appraisal 57

Appraisal Final Inspection Modernization Inspection 57

McKissock

JANUARY 31, 2023

We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.” ” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “The definition of market value.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Town & Country Residential Appraisals

SEPTEMBER 12, 2022

The final inspection for these structures are conducted by approved inspectors for the area they are located and not in factory. This can severely inhibit the marketability for these types of properties. They HUD code is a federal code and explains why they can be placed anywhere in the country once they are built.

Transportation 55

Transportation Final Inspection Inspection Construction 55

Riverfront Appraisals

AUGUST 31, 2021

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.

Construction 115

Construction Appraisal Appraisal Process Loan Officers 115

Zillow

JULY 15, 2019

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.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

Appraisal Today

SEPTEMBER 13, 2024

My advice: Always check what plan and updates were actually built when doing final inspection. I always asked to see the final sales document data. I’m sure there will be increases, but no one knows how much for every market. In my market, with median prices over $1,000,000, I expect significant increases in volume.

Construction 74

Construction Appraisal Contracts Mortgage 74