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Race and the Property Valuation Industry

Appraisal Buzz

The first appraiser could have been incompetent, resulting in a lower value estimate for the couple’s property. The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. However, the husband and wife in this article are not valuation professionals. The answer….

Valuation 370
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Applying the concept of social media networks to property valuation

Housing Wire

An automated valuation model (AVM) provides an estimate of market value for a subject property at a specific point in time. To determine a value for the subject property, the most common AVM method is the use the prices of comparable properties that were recently sold. Single Model Methodology Is the Single Best Approach.

Valuation 213
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Opinion: NAR has finally met its match

Housing Wire

The question is whether their value is commensurate with the commission that they receive as an effective entitlement. As the Sitzer/Burnett case may well show, most listing agents are trained to steer their clients to offers that support this dynamic. Talk about a conflict of interest.

Realtors 448
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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. But then they had to hire me to perform an appraisal.

Appraisal 305
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AVMs… Garbage In, Garbage Out

Appraiserblogs

Despite all their bells and whistles, these automated valuation models still rely on inaccurate public records and often come up with wildly inaccurate home values.

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Lenders must address repurchase risk before they go bust

Housing Wire

Lenders must invest in stringent pre- and post-closing audits, conduct thorough staff training, and apply consistent underwriting standards. For example, reps and warrants on home value are waived for certain loans when the appraised value closely matches the estimate produced by the GSEs automated valuation model (AVM).

Investors 370
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Offrs Review: Pros & cons, features, pricing, and alternatives

Housing Wire

Ads drive homeowners to a home valuation tool and lead capture, where they can drop in their email addresses to get a home value estimate. generates conversations with incoming leads using SMS and email, and is trained to convert leads into appointments for you.