Remove Local Properties Remove Market Value Remove Valuation
article thumbnail

FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

In the traditional appraisal model, we ask appraisers to perform every single component of the valuation process. This includes lower-level aspects like appointment scheduling, driving, and collecting property information. Real estate agents in particular understand local properties extremely well.

Appraisal 313
article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

An appraisal is a valuation of a property by a third party. A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

By applying these methods, appraisers can provide reliable, accurate valuations that reflect current market conditions and ensure the appraisal’s credibility and acceptance. Authors note: I may use time adjustments and market conditions adjustments interchangeably.

Appraisal 358
article thumbnail

Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

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.