Valuation Review

NOVEMBER 15, 2021

During a conversation with Valuation Review, Kevin Musick, the ClearValue company’s president and chief technology officer said- “despite the increase in availability of property data, a picture still says a thousand words.” Read on to learn more from Musick.

Technology 60

Technology Property Inspector Valuation Review Inspection 60

Robinson Appraisal Group

JULY 18, 2019

It is a shorter appraisal form than the traditional appraisal and is performed by an appraiser who typically never visits the property. Some hybrid appraisals have an exterior only inspection, while others include an interior inspection. A major concern regarding the hybrid appraisal would be the level of risk and liability.

Appraisal 78

Appraisal Inspection Property Inspector Valuation 78

Town & Country Residential Appraisals

MAY 15, 2023

This is when someone, most likely not an appraiser, inspects the property for the lender and provides them with the property data. The lender uses this property data in conjunction with valuation models to determine if a traditional appraisal is needed. However, this is unsettling on many levels.

Inspection 45

Inspection Valuation Property Inspector Modernization 45

Robinson Appraisal Group

JANUARY 22, 2020

observation of the property, sometimes including an interior inspection. by a third-party: this third party inspection could be done by a real. estate agent, a property inspector or even another real estate. bifurcated valuation or hybrid appraisal includes an exterior.

Appraisal 78

Appraisal Valuation Property Inspector Real Estate 78

Birmingham Appraisal

SEPTEMBER 28, 2022

A phone app would be utilized to post assignments and anyone willing to take on the assignment would grab it and complete the inspection. An example that I have read about that is the basis for this new appraisal inspection process and framework is that of the medical assistant. What is the training of the property inspector?

Appraisal 59

Appraisal Property Inspector Training Real Estate Agent 59

Town & Country Residential Appraisals

APRIL 17, 2023

This is when someone, most likely not an appraiser, inspects the property for the lender and provides them with the property data. The lender uses this property data in conjunction with valuation models to determine if a traditional appraisal is needed. However, this is unsettling on many levels.

Inspection 36

Inspection Valuation Property Inspector Modernization 36

Zillow

SEPTEMBER 24, 2016

Is a disclosure the same as an inspection? Disclosure is something given to the buyer by the seller documenting their knowledge of the property. It is not the same thing as an independent inspection by a third party. The buyer should always do a full property inspection, before moving forward with the purchase.

Real Estate 36

Real Estate Inspection Sellers Buyers 36

Walitt Solutions

JULY 28, 2019

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. So, with the changes in the first mortgage space, I asked the audience to consider several questions, when examining the varied face of property inspections that are currently in practice in the overall valuation profession.

Appraisal 28

Appraisal Inspection Valuation Lending 28

AmeriMac

OCTOBER 28, 2024

That’s why a complete home inspection is essential when looking at REO properties. Inspectors need to note any visible damage, check how well major systems are working, and estimate the cost of repairs. This information helps appraisers adjust their values and consider the costs of fixing a foreclosed home.

Property Appraisal 36

Property Appraisal Appraisal Legal Valuation 36

Appraisal Today

OCTOBER 6, 2023

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. Fannie Mae sees the appraisal process as “inspection + value.”

Appraisal 77

Appraisal Contracts Real Estate Mortgage 77

Appraisal Today

MAY 24, 2024

The data won’t be limited to what is gathered by property inspectors; however, appraisers’ data will also be in that mix. I wouldn’t want the interior photos of my home being catalogued by some third-party vendor that were taken related to a mortgage finance transaction I was engaging in. Ditto the floor plan.

Appraisal 81

Appraisal Contracts Mortgage Reconsideration of Value 81