Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). What am I talking about? Some of these have been around for many years. Think of it like a dental hygienist cleaning your teeth with the dentist checking and approving the work.

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Modernization Inspection Appraisal Technology 367

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

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Inspection Appraisal Construction Clients 105

Appraisal Buzz

FEBRUARY 7, 2022

Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. Desktop refers to a scope of work where the appraiser did not perform any level of viewing of the property and relied on other sources to gather property details. Lenders rely on regulation and policy.

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Housing Wire

JANUARY 12, 2023

They can do this by applying advanced technology — digital title solutions, automated inspection and appraisal tools, consumer-facing scheduling apps and eClosing solutions — and working with you to optimize your internal workflows and processes. Ask for references. Leading-edge technology products/solutions.

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Technology Inspection Valuation Tools 418

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Inspection? What Is a Home Appraisal?

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Inspection Appraisal Property Appraisal Real Estate 98

Appraisal Buzz

SEPTEMBER 12, 2024

Ridge roof designs: Revised definitions and regulatory language allow certain specified roof ridge designs (peak cap and peak flip roof assemblies) without a requirement for specific on-site inspections by a HUD-approved agency, except for certain exclusions.

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Housing Wire

JULY 26, 2024

Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction. Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. Agree on contingencies.

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Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

JULY 15, 2021

When a client is nearly ready to get a mortgage, organizations like HomeFree-USA might offer to refer them to a lender, like Citi, that can advise the client on options when it comes to a home loan. When Davis became mortgage ready, HomeFree-USA worked with Citi to get her to closing day.

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Appraisal Buzz

JULY 26, 2021

For example, it is hard to believe that there is not one requirement in “Qualifying Education” for a course or otherwise which teaches an appraiser how to inspect a property. I have no idea what “research” they are referring to and how they come to that conclusion.

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Appraisal Real Estate Inspection Training 370

Birmingham Appraisal

SEPTEMBER 21, 2022

A Closer Look At The Final Inspection. You may have heard of an appraisal inspection but what is a final inspection? For many types of appraisals, there is only one inspection or observation as we like to call it. Because an appraisal is nothing like a home inspection, that term could be somewhat misleading.

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Final Inspection Inspection Construction Appraisal 86

Housing Wire

MARCH 31, 2021

.’ And if I don’t find a buyer immediately when I list a property, I’m getting plenty of people making offers without even looking at the price or even doing an inspection.” ” Builders are backed up, too. That’s the only real difference, though. It’s crazy out here.”

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Appraisal Buzz

MARCH 28, 2022

Fannie Mae has released further clarification on their announcement that they will be requiring appraisers to provide square footage calculations in accordance with the American National Standard for Single-Family Residential Buildings, the standard reference is ANSI Z765-2021. The FNMA requirement will take effect April 1, 2022.

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Appraisal Tools Technology Clients 370

Housing Wire

JUNE 7, 2024

Here are my top do’s and don’ts for finding listing referrals through your sphere: Do: Educate your sphere about how to refer business to you. Meet the fire department for the smoke inspection. That same agent who referred you the lower priced listing may recommend other agents in the office do the same. Put the lockbox on.

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Real Estate Open Houses Agents Sellers 468

Appraisal Buzz

JULY 18, 2022

This transfer of negotiating power has already begun with many buyers now being able to elect contingencies such as inspection and/or appraisal – each of which was difficult to include in a competitive offer as recently as 1-2 months ago.

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Sellers Marketing Market Value Home Value 435

McKissock

MARCH 24, 2023

On April 12, 2023, McKissock Learning will host a FREE one-hour, non-credit Pro-Series webinar titled “Virtual Inspections with RemoteVal.” Plus, check out the FAQs below to learn some basic info about virtual property inspections with RemoteVal in advance of the webinar. Register now. What is RemoteVal?

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Inspection Final Inspection Technology Tools 70

Housing Wire

JULY 1, 2021

We’ve found that many people care more about public spaces than private spaces,” says Katie Lambert, an interior designer with Lambert Home, referring to different living areas in a home. That being said, we look at certain items on our inspections that play into the final valuation depending on the home.”.

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Renovations Valuation Appraisal Investing 448

Lamacchia Realty

JANUARY 20, 2022

THERE IS NO PASS OR FAIL WITH HOME INSPECTIONS. A home inspection is an important part in the home buying process, however a common misconception is that it is a pass or fail type of inspection. What is a Home Inspection? After an inspection, it is important for a buyer to not get caught up in the “little things”.

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Inspection Buyers Sellers Realty 73

Appraisal Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” There will be many more data elements related to the inspection. Using a mobile device for inspections will be a must in the future. We can learn from this beautiful prose.

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Appraisal Inspection Lending Training 370

Housing Wire

JUNE 2, 2022

BW : In-Person Electronic Notarization (IPEN) has been around for many years, often referred to as simply electronic notarization. Accessing multi-factor verification requirements may not be feasible for all parties, who may have inadequate technology means or feel intimidated by the process.

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Modernization Design Technology Agents 418

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Inspection Appraisal Marketing Appraisal Process 78

Miller Samuel

APRIL 29, 2020

Meeting of the minds (also referred to as mutual agreement, mutual assent, or consensus ad idem) is a phrase in contract law used to describe the intentions of the parties forming the contract. In particular, it refers to the situation where there is a common understanding in the formation of the contract.

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Contracts Real Estate Agent Inspection Law 195

GoForrmz

NOVEMBER 21, 2024

The Problem with Traditional Data Collection Construction projects rely heavily on data, from safety inspections and daily logs to permits and inventory tracking. The Role of Real-Time Data Capture in Construction Real-time data capture refers to the use of digital tools to collect, store, and share information instantly.

Construction 78

Construction Supply Chain Project Management Tools 78

GoForrmz

JULY 14, 2023

How to Set Checkboxes as ‘Checked’ in Reference to a Table Cell This functionality can also be applied to Checkboxes referencing a cell within a Table field. If you’d like the field to be editable (so a user can ‘uncheck’ the field) use true. Click ‘Publish’.

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Inspection 141

Appraisal Buzz

DECEMBER 13, 2021

Where demand is out-pacing supply, it creates a supply chain imbalance, which is more commonly referred to as market supply/demand imbalance. We have been experiencing housing shortages in general for a much longer period of time, which some would equate to a supply chain component.

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Supply Chain Construction Appraisal Real Estate 363

Housing Wire

AUGUST 3, 2023

Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. A house chatbot is a great alternative to a file folder including warranties, lists of contractors, utility providers, maintenance checklists, and inspection reports. These are large language models (LLMs). What is next?

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Real Estate Agent Real Estate Agents Tools 370

GoForrmz

NOVEMBER 17, 2021

Digital inspection forms can be equipped with new data types such as Image and Sketch fields to highlight and note any job site concerns for the back-office users. Digital inspection forms can be equipped with new data types such as Image and Sketch fields to highlight and note any job site concerns for the back-office users.

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Inspection Construction Modernization Project Management 148

Housing Wire

JULY 8, 2024

It’s everything that happens after you find the right house that can be tricky — getting your offer accepted, negotiating the inspection items, coordinating everyone involved in the deal, and making sure you’re protected throughout the entire process. {wait for the ok to continue} Finding the house isn’t the hard part. Include a direct ask.

Real Estate 434

Real Estate Business Agents Sellers 434

GoForrmz

AUGUST 11, 2021

Whether you are required to fill out daily job reports for construction sites, service reports, equipment inspections, or job briefings, every industry can benefit from digitizing their daily tasked forms. . ” — Van Nussbaum, Controller, Robert Henry Corporation.

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Construction Inspection Business 141

DW Slater Company

FEBRUARY 24, 2022

Here is a good reference from FNMA & Freddie Mac: URAR Hybrid and Desktop Appraisal Forms. Homeview Inspection Tool- This tool from Valuelink provides an inspection tool to view a property and take photos. Homeview Inspection Tool- This tool from Valuelink provides an inspection tool to view a property and take photos.

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Inspection Tools Appraisal Technology 154

Housing Wire

DECEMBER 14, 2020

Title companies leveraged cloud-based technology like Qualia, often referred to as a digital closing platform, so they could work remotely and enable contactless closings. inspection) just take time and cannot be further expedited through automation or improved workflows.

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Real Estate Agent Real Estate Technology Agents 304

Raleigh Realty

AUGUST 17, 2021

Sometimes you may hear someone refer to this fee as “good faith” money, as it is a fee that you are giving the buyer directly to let them know that you are serious about buying the property. During this time, there are many things that a buyer needs to accomplish such as inspections, appraisals, securing their financing, and title searches.

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Real Estate Real Estate Agent Contracts Inspection 148

GoForrmz

NOVEMBER 18, 2021

By creating custom digital forms with Checkbox Groups , you can easily outline duties for security and safety inspection, housekeeping, visual merchandising, turning on electronics such as point of sale systems (POS), and more. You can even add images to your mobile form so that employees can have a reference for their tasks.

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Retail Inspection Inventory Business 145

Housing Wire

DECEMBER 18, 2024

Foreign language translation dictionaries are permitted for English as a Second Language candidates and will be inspected by staff. If you are taking the online proctored exam, you must use the calculator built into the exam. Electronic ones are not recommended.

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Real Estate Real Estate Agent Agents Business 387

Cleveland Appraisal Blog

JANUARY 21, 2021

Before I go on, I should also make clear the type of cracks I am referring to. So, we will call for an qualified professional to inspect the situation to see what, if anything, needs to be done. I’ve seen cracks of all different shapes and sizes. I should make it clear that I am not a crack expert. Settlement cracks!

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Appraisal Inspection Real Estate Market Value 232

Cleveland Appraisal Blog

APRIL 21, 2022

By the way, when I use the term “crazy” in this post, I’m referring to personality clashes between two individuals and not to a mental condition that one may be suffering from. They take a lot of work after the inspection is completed. This article is not intended to poke fun at people that suffer from different illnesses.

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Market Value Appraisal Agents Real Estate Agent 350

Realvals

DECEMBER 30, 2016

All it refers to is the property in it’s current state. Both of these terms refer to the property as if it has been completed or repaired. It refers to an exterior only inspection. Inspection. Inspections are what the appraiser typically does before writing the appraisal report. Effective Date.

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Real Estate Appraisal Inspection HOA 78

CA Realty Training

MARCH 22, 2021

The Buyer’s Inspection Advisory (BIA) is a disclosure that is included with the Residential Purchase Agreement (RPA) when you make an offer on a home. Simply put, it is advising the buyer to have a professional inspect the property. In this case, the Buyer Inspection Advisory is for the buyer. SQUARE FOOTAGE, AGE, BOUNDARIES.

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Inspection Real Estate Agent Real Estate Clients 36