Remove Property Appraisal Remove Real Estate Remove Reference
article thumbnail

Will hybrid appraisals become the new normal?

Housing Wire

“The comments we receive will inform how we will modernize appraisals to improve both loan quality and the origination process.”. At the onset of the pandemic in March, the FHFA began easing standards on property appraisals that allowed drive-by and desktop valuations in certain circumstances.

Appraisal 482
article thumbnail

Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

However, individual comparable sales exhibited different trends relative to the market average: Figure 1 For more information, refer to the Fannie Mae Selling Guide, section B4-1.3-09. This line helps assess the average market behavior and can support adjustments for time differences between sales dates of comparable properties.

Appraisal 358
Insiders

Sign Up for our Newsletter

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

article thumbnail

Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Fortunately, we do not conduct commercial real estate appraisals on social media!

article thumbnail

Progress now or perfect later: Improving the appraisal process

Housing Wire

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. And we absolutely should not compromise on that end result.

article thumbnail

The Challenges of Appraising Multifamily Properties

Appraisal Buzz

If you want to be a real estate investor, you wouldn’t necessarily purchase multiple single-family properties when you could fit more tenants into one building. These properties are not for owner occupancy. Reproduction refers to how much a replica would cost to build. That’s why multifamily homes exist.

Appraisal 397
article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The new data set is all encompassing for every property type (residential) that were traditionally divided into 12 separate forms. The appraiser will be led through a process, defined by the scope of work. This scope of work is determined by the type of property and the characteristics of the property.

Appraisal 397
article thumbnail

Historical Properties and Their Unique Appraisal Approaches

Boston Appraisal

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. However, it may lack the historical significance that often adds value to preserved properties.

Appraisal 147