Appraisal Buzz

JANUARY 24, 2022

Join us for our upcoming webinar on January 25th at 2 pm, “ The Future of Desktop Appraisals ” with Joshua Walitt and Mark Walser! Learn about all of the new features in RemoteVal – a free inspection app for appraisers! Buzz : What is your background in the appraisal industry? Buzz : What is RemoteVal?

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East Coast Appraisal

AUGUST 22, 2023

However, getting an appraisal is not as simple as calling an appraiser and scheduling a visit. You need to take some steps before and during the appraisal process to ensure that you get the most accurate and reliable valuation possible. Discover some tips on how to prepare for a commercial property appraisal.

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East Coast Appraisal

JULY 7, 2022

property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. .

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AmeriMac

OCTOBER 30, 2023

The appraisal industry has undergone a significant transformation in recent years, with the emergence of alternate valuation products like the property inspection waiver program. We will also compare the advantages and challenges of these products compared to traditional valuation methods.

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Housing Wire

DECEMBER 6, 2021

Moreover, the Austin’s had a white friend pose as the property’s owner. This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”. The new appraiser valued the home at $1.482 million – 49% more than Miller’s valuation.

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Appraiserblogs

AUGUST 12, 2021

The current administration is addressing the lack of diversity in housing valuation head-on with the formation of an interagency task force on Property Appraisal and Valuation Equity (PAVE). USPAP Doesn’t Require An Inspection So Why Is It Trying To Determine What An Inspection Is 30 Years Later?

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Appraisal Buzz

APRIL 19, 2022

today launched its new nationwide desktop appraisal data collection service to fully enable the new property valuation method called desktop appraisal endorsed and approved by Fannie Mae and Freddie Mac that started on March 19, 2022. San Francisco, CA–Asteroom Inc. About Asteroom Inc.:

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Housing Wire

MARCH 11, 2021

At the onset of the pandemic in March, the FHFA began directing both the GSE’s to ease their standards for property appraisals and verification of employment given the “extraordinary circumstances.”. Those alternative appraisals may become long-term solutions. In a statement issued on Feb.

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Housing Wire

MARCH 3, 2021

In a statement , the Appraisal Foundation’s Appraisal Standards Board Chair Wayne Miller said “pressing issues” have arisen in appraisals over the past year, ranging from concerns about fair housing matters to how to conduct a socially distanced property inspection in the midst of COVID-19.

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Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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Clear Capital

MARCH 4, 2022

What is a desktop appraisal? Desktop appraisal meaning and definition. A desktop appraisal , also known as an appraisal without an onsite inspection, is a faster way to complete an appraisal for a home loan. These appraisals often use robust digital software to analyze property data from public records.

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The Robert Weiler Company

APRIL 12, 2023

Thanks to the passage of a 2017 law, the State’s property reassessments are based on drone footage, taken from about 400 feet in the air. While this helps expedite the process, the lack of on-the-ground property inspection leaves some Ohio residents nervous. And, how can property owners potentially challenge new property values?

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Boston Appraisal

OCTOBER 27, 2023

In order to ensure a fair and equitable distribution of assets, it is essential to obtain a professional, and accurate property appraisal in a divorce case. Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date.

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Aedis Appraisals

JUNE 13, 2017

So, if you happen to be interested in getting a real estate appraisal in Toronto , for instance, feel free to use this article as an introductory guide to understanding the ins and outs of the modern appraisal process. What Is an Appraisal and When Do I Need One? Home Appraisal and Home Inspection Differences.

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Appraisal Partners Blog

FEBRUARY 22, 2024

requires a careful review of all of the assets, and fairly evaluating the property becomes important to reaching a mutually agreeable conclusion. Come learn about the importance of equitable property evaluation and how assessments may be very helpful in navigating the difficult divorce process fairly and impartially.

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Appraisal Hub

MARCH 5, 2021

If speed is an important factor for your next commercial property transaction, then you need a property appraiser that works fast. But even the most efficient appraisal firms can’t do their jobs if clients don’t provide the information they need. What happens during an appraisal?

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Appraisal Hub

MARCH 19, 2023

Keep reading to find out more about its significance and understand the appraisal process. How Do Banks And Other Lenders Use Appraisals? Mortgage lenders require assurance that they are issuing a loan commensurate to the value of the property. Appraisal Hub Inc.

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Realtor

DECEMBER 4, 2019

An appraiser’s job is to determine the current value of a property for the potential buyer. Most of the work to determine the value of a real estate appraisal is done during an on-site inspection , where the appraiser will: Conduct a room-by-room walk-through to appraise the condition of the interior.

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East Coast Appraisal

AUGUST 11, 2022

Find out the top real estate appraisal myths. Home Appraisal Is Only Beneficial to the Buyer. Many home sellers shy away from property appraisal because they believe the process only caters to the buyer's needs. However, property appraisal benefits both the buyer and the seller.

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AmeriMac

MAY 30, 2024

Traditionally, appraisals required physical inspections of the property, where appraisers would visit the site to assess its condition and gather relevant data. This process is conducted entirely at the appraiser’s desk, hence the name “desktop appraisal.”

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AmeriMac

NOVEMBER 30, 2023

In this blog, we will take you through everything you need about commercial real estate appraisal, from defining the term and understanding its importance to exploring the different types of commercial properties that are appraised. The property inspection is a crucial step in the commercial appraisal process.

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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AmeriMac

AUGUST 27, 2024

Key Elements of the Underwriting Process for Property Appraisal A property appraisal provides critical information for mortgage underwriting. It helps lenders decide on financing by assessing the property’s value compared to the loan amount requested.

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The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser.

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Realtor

DECEMBER 4, 2019

An appraiser’s job is to determine the current value of a property for the potential buyer. Most of the work to determine the value of a real estate appraisal is done during an on-site inspection , where the appraiser will: Conduct a room-by-room walk-through to appraise the condition of the interior.

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AmeriMac

JUNE 30, 2024

The process typically begins with the lender ordering the appraisal after the borrower’s offer has been accepted or when refinancing a mortgage. A licensed appraiser, who is an independent third party, conducts the appraisal. The appraiser thoroughly inspects the property, noting size, condition, and unique features.

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Walitt Solutions

MARCH 29, 2020

Walitt Solutions encourages appraisers, firms, vendor management companies, lenders, and other interested parties to continue to monitor changes and resources in the valuation industry related to the COVID-19 novel Coronavirus and impacts of the national emergency. ” “Desktop Appraisal Valuations. Support.

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McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. The appraiser also collects data on recent sales of similar properties in the market area to establish a basis for comparison.

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Realtor

MAY 18, 2018

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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Realtor

MAY 18, 2018

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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Aedis Appraisals

FEBRUARY 1, 2018

If you want to have your home appraised, you need to work with a company that is fully committed to home appraisal services. By using this type of business, you can make sure that your valuation is done with precision and efficiency. An Inspection and Report. The economic life of the property. Appraisal Costs.

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McKissock

AUGUST 21, 2020

It’s also a good idea to review the appraisal reporting requirements. USPAP STANDARD 2 clearly states the minimum content requirements for reporting a real property appraisal. FREE GUIDE : Simplify the valuation process with this free Valuation Process Road Map. Reporting requirements.

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Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals.

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Quicken Loans

JUNE 9, 2021

One of the requirements for being approved for a VA loan is a property appraisal. If you don’t know what an appraisal is, how it works or what this process means for you, read on. What Is A VA Loan Appraisal? A VA appraisal is an appraisal performed by someone certified through the U.S. Pest Inspection.

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Realvals

JUNE 18, 2023

An appraisal can assist you in determining the value of real estate, personal items, and business interests. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries. This can help your attorney make informed decisions during property division negotiations.

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Housing Wire

NOVEMBER 30, 2021

After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% We need more science and less art.

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