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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. Active listings also provide insight into current seller and buyer motivations.

Appraisal 358
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Recap: Valuation Expo 2021

Appraisal Buzz

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. Buyers and sellers? Realtors and Property Appraisers? The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz. Interest rates?

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Working with buyers in the nation’s hottest housing market

Housing Wire

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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Residential vs. Commercial: Why Your Toronto Property Appraisal Matters More Than You Think

Appraisal Hub

Why Appraisals Make or Break Real Estate Deals Before going more in-depth, we first need to understand what an appraisal is. In simple words, it is the estimate of a propertys value in the market. Banks use it to approve mortgages, buyers use it to avoid overpaying, and sellers use it to establish a realistic price.

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Appraisal Foundation: Appraisers must take course on bias

Housing Wire

.” Appraisals were already a hot-button topic in the housing industry with the onset of COVID-19, as many prospective homebuyers and sellers transitioned to online portals and companies that offered virtual appointments. and Canadian appraisal organizations – the same groups that eventually created the Appraisal Foundation.

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Appraisers raise alarm on AMC revenue-sharing models

Housing Wire

These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes. AMCs have a tendency to select appraisers who are willing to work for relatively low fees.

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property. This ensures that, even if revisions to the property data collected are needed, no one will have to return to the property for additional data.