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Progress now or perfect later: Improving the appraisal process

Housing Wire

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. And we absolutely should not compromise on that end result.

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Home Appraisals vs Online Home Value Calculators

D Fritz Appraisals

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. Online home value estimates, however, are not a substitute for a house appraisal carried out by a licensed real estate appraiser.

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Appraisals derail sales in the tight Chicago market!

Chicagoland Appraisal Blog

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago. Let me know in the comments below.

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Appraisal Reviews – Who and What

Appraisal Today

Excerpts: Topics: What is an appraisal review? Fact-checking vs appraisal review Types of appraisal review reports Why are appraisal reviews needed? Who requests a property appraisal review? Who can review a property appraisal? Understandable with excellent “real life” examples.

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How to support credible valuations for shared equity programs

Clear Capital

If it is not highlighted by the lender, the appraiser should review the income and resale restrictions in the purchase contract, and notify the lender before completing the order that it is a shared equity property. The contract will also likely reference a second document, either a deed restriction or a ground lease.

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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Both GSEs argue that these approaches advance equity.

Appraisal 370
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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. Binneys framing of the challenges that appraisers have faced around this thorny issue. Working RE is published for appraisers on both sides of the political aisle.)