Annarbor Appraisal
SEPTEMBER 6, 2020
Remember the appraisal is for the benefit of the lender to ensure there is adequate collateral for the property they are lending on. The post Challenging a mortgage appraisal appeared first on annarborappraisal. If the value remains the same, then it is time to renegotiate or move on.
Miller Samuel
APRIL 27, 2019
When the draft of the bill was approved by the NYS Board of Real Estate Appraisal , Carol DiSanto who is the Vice Chair, walked it across the street to The New York State Association of REALTORS (NYSAR). This new law only applies to appraisals ordered through AMCs (which control an estimated 80% of U.S.
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Birmingham Appraisal
APRIL 11, 2023
As I stated previously, if agents can follow the same methods that an appraiser does when choosing comps there is less likelihood that there will be large differences between the final mortgage appraisal and the contract price. The post My Top 11 Tips For Realtors When Choosing Comps appeared first on Birmingham Appraisal Blog.
Housing Wire
NOVEMBER 8, 2021
A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser.
Housing Wire
FEBRUARY 8, 2022
But relying on other sources for the data needed to conduct a desktop appraisal, the listing agent, for example, could be risky. Listing agents have a clear motivation to provide information that might pad an appraisal. “If Some have also touted he cost benefits that desktop appraisals could bring.
Birmingham Appraisal
AUGUST 23, 2023
This can come in the form of a pre-listing appraisal to help establish a market-supported asking price for the seller. The appraisal can also give potential buyers peace of mind that the home is accurately priced and will most likely not have any value issues when the mortgage appraisal is performed.
CP Home Appraisals
DECEMBER 12, 2008
Once the HVCC, Home Valuation Code of Conduct, is enacted the majority of lender and mortgage appraisal requests will be diverted through Appraisal Management Companies (AMCs). Although this may curb the evils of “lender pressure” on us appraisers, it will also take up to 50% of our fee!!
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