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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. But for all the weaknesses amongst appraisers, who is training the average property data collector on this stuff?

Appraisal 370
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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%. However, individual comparable sales exhibited different trends relative to the market average: Figure 1 For more information, refer to the Fannie Mae Selling Guide, section B4-1.3-09.

Appraisal 358
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The Challenges of Appraising Multifamily Properties

Appraisal Buzz

These properties are not for owner occupancy. Because multifamily homes serve a different purpose than single-family properties, appraisers have yet another factor to consider before presenting a number to the bank. Reproduction refers to how much a replica would cost to build. That’s where possible hurdles can arise.

Appraisal 397
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The new data set is all encompassing for every property type (residential) that were traditionally divided into 12 separate forms. The appraiser will be led through a process, defined by the scope of work. This scope of work is determined by the type of property and the characteristics of the property.

Appraisal 397
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Is A Cubicasa Scan an Inspection?

Cleveland Appraisal Blog

The same edition of USPAP goes on to make the following comment: “An appraiser may use any combination of a property inspection, documents, such as a legal description, address, map reference, a copy of a survey or map, property sketch, photographs, or other information to identify the relevant characteristics of the subject property.”

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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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Appraisals and the Cost Approach

Appraisal Today

If you only do GSE appraisals, you probably dont use the Cost Approach very often, except for new construction. Keep it as a reference for the future when you may need to use the Cost Approach. of water frontage The pricey property, which initially debuted in 2023, was relisted in 2024 at the same price. 300 linear ft.