Housing Wire

OCTOBER 28, 2024

The maximum LTV ratio will increase from 80% to 90% for appraisal waivers and from 80% to 97% for inspection-based appraisal waivers, consistent with standard guide eligibility guidelines. “To Requirements and the effective date will be available in the upcoming single-family seller/servicer guide bulletin. billion since early 2020.

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Appraisal Valuation Inspection Sellers 459

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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Housing Market Buyers Marketing Real Estate Agent 535

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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Appraisal Valuation Law Inspection 448

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.

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Housing Wire

OCTOBER 26, 2020

Working with some of the nation’s largest banks and mortgage servicers, offering asset management, property disposition, title, close, valuation, and field services through an integrated, technology-driven platform. The app, Inspex , provides lenders a way to offer borrowers an easy valuation that accelerates loan application approvals.

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Clients Valuation Technology Inspection 397

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. An offer comes in at 5 p.m.

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Appraisal Inspection Real Estate Agent Training 435

Housing Wire

MAY 31, 2021

One of the most challenging aspects in a real estate transaction is the valuation process. A simple mistake could drastically slow down the process and frustrate lenders, home buyers and sellers. SCOUT enables remote property inspections, which has been critical during the COVID-19 pandemic,” Black Knight CEO Anthony Jabbour said.

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Inspection Valuation Real Estate Real Estate Agent 221

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. HW: What are the risk management challenges for REO assets?

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Appraisal Partners Blog

JANUARY 20, 2025

But what exactly is a residential appraisal, why is it necessary, and what factors influence the final valuation? Its conducted by a licensed or certified appraiser who adheres to strict ethical guidelines and valuation principles. This valuation is crucial for a multitude of reasons. They will be aware of any deficiencies.

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Housing Wire

APRIL 22, 2024

Always include your contact information and a call to action, such as an offer for a free home valuation. We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Great news!

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Real Estate Open Houses Brokerage Real Estate Agent 467

Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Whether youre representing a seller or assisting a buyer, the more accurate and complete the information you provide, the smoother the process will be.

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Appraisal Easement Real Estate Agent Valuation 76

Housing Wire

JULY 1, 2021

Anything the seller can do to minimize the work buyers need to put into the home can help add to its value. That being said, we look at certain items on our inspections that play into the final valuation depending on the home.”. For example, hardwood floors would likely be appraised as higher value than vinyl.

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Renovations Valuation Appraisal Investing 448

Realvals

FEBRUARY 10, 2025

Most commonly, appraisals help buyers, sellers, and lenders make informed decisions about real estate transactions. The methodology of this valuation approach is based on the principle of substitution. These include public records, MLS listings, and their own inspections/observations. We take photos and measurements.

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Appraisal Property Taxes Real Estate Market Value 78

Housing Wire

AUGUST 21, 2023

Homelight , a platform for homebuyers and sellers, was No. 403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. 5000 edition.

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Real Estate Real Estate Agent Technology Investors 370

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Which real estate functions can AI outperform humans I asked GPT-4 about real estate valuation. However, GPT-4 concluded that while, “AI can enhance the process of real estate valuation, it may not completely replace human judgment.

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Real Estate Agent Real Estate Agents Tools 370

Appraisal Hub

JULY 26, 2024

This is called property valuation. What Is Property Valuation? The appraiser inspects the property from top to bottom. Why Do You Need Property Valuation? If it does, you can ask the seller to lower the price with information to back up your claim, potentially saving you money.

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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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Birmingham Appraisal

JANUARY 29, 2025

Beyond what you see during the appraisal inspection do you understand the appraisal process or anything about what appraisers do? Using this information helps appraisers provide the most accurate and up-to-date valuation possible. On the surface it looks like the appraiser visits your home, does some measuring, and looks around.

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Appraisal Appraisal Process Valuation Buyers 63

Realtor

FEBRUARY 18, 2025

But Marks offers some guidance: The only time [having a drive-by appraisal over a traditional one] would matter is if my seller had a remodeled home. If the seller gets a drive-by appraisal, the appraiser will not come inside and see all of the upgrades that could increase the value of the appraisal estimate.

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Appraisal Real Estate Agent Valuation Inspection 101

Realtor

DECEMBER 4, 2019

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. Record the layout of the property, inspect the square footage, and determine whether or not it’s a single-family dwelling.

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DataMaster

APRIL 6, 2021

In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. An appraisal is an unbiased valuation of the fair market value of a home. An appraiser researches available public information online and does a physical inspection of the home. What Is An Appraisal?

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Appraisal Appraisal Process Buyers Legal 158

Birmingham Appraisal

AUGUST 23, 2023

Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

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AmeriMac

DECEMBER 31, 2024

It helps keep real estate transactions strong by ensuring that valuations are up-to-date and match what’s happening in the market now. Second, it helps keep the process moving, so buyers and sellers aren’t frustrated with delays. This can upset both buyers and sellers and might lead to extra costs.

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D Fritz Appraisals

MAY 13, 2024

The initial phase involves conducting a thorough inspection to identify any necessary repairs or improvements that could increase the property’s value and attractiveness. Additionally, it is important to ensure that all systems, including heating, plumbing, and electrical systems, are in working order to pass home inspections.

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Appraisal Buzz

JUNE 3, 2024

This is a reality that many sellers are unwilling to accept unless they are forced to. Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls. These sponsors may skip steps and cover up shoddy work.

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Investors Marketing Renovations Real Estate 195

The Robert Weiler Company

MAY 14, 2021

During the probate process, the valuation of the estate is performed at the time of death. A critical piece of the probate and estate valuation process determines the value of everything within the estate. This task is more straightforward when the real estate valuation is performed shortly within the time of passing.

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Birmingham Appraisal

NOVEMBER 20, 2024

Myth #2: Appraisals are the same as the Zillow Zestimate The Zillow Zestimate is a type of AVM (Automated Valuation Model) that takes information that is fed into it and uses it to spit out a value. This is also something that the appraiser must consider because it reflects the back-and-forth negotiations between buyer and seller.

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Real Estate Appraisal Inspection Contracts 91

D Fritz Appraisals

JANUARY 8, 2022

With commercial drone use now legal in Canada, it’s worth considering whether drone photography and videography is also helpful for real estate appraisal inspections. Also known as UAS (Unmanned Aerial Systems), drones help build an impressive amount of information for real estate marketing and valuation. . What is Drone Photography?

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Birmingham Appraisal

SEPTEMBER 15, 2022

You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Other users might be sellers, mortgage underwriting, banks, and contractors.

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Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Just because the home hasn't been lived in, doesn't mean the valuation couldn't be off. This can be one notable exception to lower the valuation of a newly constructed home.

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Appraisal Process Appraisal Construction Sellers 139

D Fritz Appraisals

NOVEMBER 16, 2023

The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional. For more information on what a home appraisal inspection consists of and how value is determined, see our previous blog post – ‘Home Appraisals – What They Look For.’

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Appraisal Inspection Appraisal Process Legal 108

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

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Appraisal Hub

JANUARY 11, 2021

After all, every commercial property is different in terms of value, supply, demand, size, location, and other qualities that may affect valuation. It’s not the same as a property inspection. The inspection process is also a part of the appraisal. It may also be done to assess damages or help in corporate mergers.

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Realtor

OCTOBER 21, 2016

Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. It’s a broad-based approach not to be confused with a home inspection , which is a more detailed look at the property. What if the home I love doesn’t meet these standards?

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Appraisal Hub

MARCH 19, 2023

How Can Buyers And Sellers Benefit From Appraisals? For example, the report will reveal if you are paying too much for the home so that you can renegotiate with the seller. is proud to offer reliable, unbiased property appraisals that ensure the interests of buyers, sellers, and lenders are all protected. Appraisal Hub Inc.

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Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.

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McKissock

MARCH 8, 2022

Does USPAP require me to complete an inspection? Won’t these types of valuations be risky for the lender? An appraiser may be able to conduct a virtual inspection remotely; however, this would still be considered a desktop appraisal. Does USPAP require me to complete an inspection? Are there any state restrictions?

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