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5 Things To Consider When Getting A Hybrid Appraisal

Birmingham Appraisal

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. The data collection is done by a third-party data collector, who could be a real estate agent or someone else. What Is A Hybrid Appraisal?

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What is a Hybrid Appraisal?

Robinson Appraisal Group

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.

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Is Fannie Mae Recruiting New Appraisers??

Robinson Appraisal Group

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.

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Decoding Property Appraisal for REO Properties

AmeriMac

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. Considering Market Trends for REO Valuations Understanding the local market is crucial for valuing REO properties.

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2024 USPAP For Appraisers

Appraisal Today

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.”