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The drive toward modernization has led to technological advancements and more data-driven valuations, which leaves many appraisers at a crossroads: while these changes can lead to greater efficiency and fairer home valuations, adopting new tech can be scary. The residential appraisal profession is at a transformational moment.
The same data acquired from an aerial inspection has value to a number of real estate industries players. An aerial inspection can provide valuable information that cannot be obtained from a ground-based inspection. Buzz: What are some of the ways appraisers have evolved with new tech? Lamar: New tech provides new opportunities.
There may be seminars available. NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = You may have some similar rural experience now!
Failures to personally inspect and photograph comparables. I also think that now is the time to increase your appraisal skills by taking classes and seminars. Every detail of the newly constructed interior was carefully thought out to maintain the unique cylindrical structure while adding a modern, minimalistic feel.
What’s different than a few months ago is that many offers are being accepted with buyer conditions, such as a home-inspection contingency and seller credits at closing to either reduce the mortgage interest rate or address repairs after move-in. This suggests buyers were still paying top dollar for their dream home. Tattoo Exposition, Aug.
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