Housing Wire

AUGUST 31, 2023

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.

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The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need. So, how are businesses valued?

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Cleveland Appraisal Blog

NOVEMBER 11, 2021

However, I believe that they’ve put too much value in their “values” Valuation is not their expertise. My appraiser compadre and fellow blogger Ryan Lundquist, at the Sacramento Appraisal Blog, wrote an excellent piece this week on the situation with Zillow. VALUATION IS NOT EASY OR SIMPLE.

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Housing Wire

FEBRUARY 24, 2023

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. The use of absolute words can sometimes be discouraging to finding iterative solutions.

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Housing Wire

MARCH 3, 2021

. “In this way, we are directly reacting to appraisers needs to maintain and enhance public trust, as well as be a valuable and useful resource for appraisers with relevant and timely course materials,” Desmarais said. Soon after, the Appraisal Foundation took control of USPAP.

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McCarthy Appraisal Blog

OCTOBER 4, 2018

Homeowner Valuation Appraisals. Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal from McCarthy Appraisal Services can help you make a better educated decision when determining your selling price. Today’s market can be challenging.

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Clear Capital

MARCH 4, 2022

Appraisers take photos, measure for square footage, evaluate the property’s condition, and use various public data sources to develop an opinion of value. . With a desktop valuation, appraisers use extensive data gathered by third parties and public records in place of a physical inspection to complete the appraisal.

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Clear Capital

MAY 24, 2022

Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. What is an AVM in Real Estate ? .

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Appraisal Buzz

JANUARY 24, 2022

I hold an SRA and AI-RRS, I am an AQB Certified USPAP Instructor, and I also provide valuation, education, and compliance services to various types of clients. We believe that RemoteVal will give appraisers the tools to keep control of the inspection, maintain maximum integrity, and hold that ground.

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The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

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Appraisal Buzz

FEBRUARY 21, 2022

In 2019, Australian bank customers experienced a massive industry-wide data breach that was tied directly to a property valuation firm, potentially impacting anyone who had home appraisals conducted by the company between 2015 and 2018. When these breaches do happen, they can be alarming to say the least.

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Cleveland Appraisal Blog

JULY 6, 2022

The 2021-2022 edition of USPAP defines a “Personal Inspection” of a property being appraised as follows: “A physical observation performed to assist in identifying relevant property characteristics in a valuation service.” It took me hours to measure the improvements on the property.

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Boston Appraisal

JULY 6, 2023

Property disputes can come in many forms: from squabbles between neighbors about boundary lines to legal battles in a divorce proceeding over shared assets. In these situations, a property appraisal can be an indispensable tool in the lawyer’s arsenal.

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McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department.

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McKissock

JANUARY 4, 2022

However, these are the general guidelines you’ll need to follow to meet the Appraisal Qualifications Board (AQB) criteria. Real estate appraiser qualification criteria. Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details.

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D Fritz Appraisals

SEPTEMBER 19, 2019

An online home value estimator is a website or online tool that gives you a rough idea of what your home is worth, based on things like its address, square footage, lot size, and age. There are several competing websites and online platforms and tools offering home value estimators or home value estimating services.

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McKissock

AUGUST 4, 2022

Disciplinary complaints are a hot topic these days with appraisers. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common. A : Anytime is a good time to improve your competency as an appraiser.

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AmeriMac

MAY 30, 2024

However, with advancements in technology and the availability of comprehensive property data, a new appraisal method called desktop appraisal has emerged, offering an alternative to the physical inspection of the property.

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McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department.

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McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

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Real Quantum

NOVEMBER 24, 2020

Have good moral character; Be a Certified General Real Property Appraiser (or meet equivalency). Hold bachelor’s degree or higher (or be a Certified General Real Property Appraiser). Invest in Tools and Processes that Increase Productivity and Quality. Sign up for a demo today.

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Clear Capital

MARCH 30, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital ® , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection , two products designed to further modernize and increase certainty in the appraisal process.

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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. The report serves as an official document that provides an objective assessment of the property’s market value.

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Appraisal Today

OCTOBER 11, 2024

The Limits of AI: When the intelligence is artificial, common sense is a superpower By John Russell Excerpts: At some point, all of us will integrate AI tools into our business practices. The good news for valuation professionals is they have lots of experience spotting data points that don’t jibe with what they know.

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AmeriMac

NOVEMBER 30, 2023

In this blog, we will take you through everything you need about commercial real estate appraisal, from defining the term and understanding its importance to exploring the different types of commercial properties that are appraised. A certified appraiser can provide an opinion of value for office buildings.

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McCarthy Appraisal Blog

SEPTEMBER 4, 2018

You may need the services of a licensed appraiser if you are selling your home yourself or if you want to know the value of your home for refinancing purposes. Prepare a short list of appraisers using the search tools at the Appraisal Institute, the American Society of Appraisers and the Appraisal Subcommittee.

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Realvals

JUNE 18, 2023

An appraisal can assist you in determining the value of real estate, personal items, and business interests. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries. This can help your attorney make informed decisions during property division negotiations.

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Housing Wire

MAY 27, 2022

There is no single silver bullet that will rectify the pernicious impact of bias in residential real estate valuations — it is a complex problem that requires a multifaceted solution. First, we must acknowledge the impact that appraisal bias continues to have on minority homeowners and the broader housing system.

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AmeriMac

JANUARY 30, 2024

The condition of the property has a direct impact on loan approval and interest rates, making it crucial to determine its overall state. An accurate appraisal report provides mortgage lenders with informed valuation insights, guiding them in the loan approval process. How FHA changes influence your reverse mortgage appraisal?

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AmeriMac

JANUARY 19, 2021

Can You Change the Appraiser’s opinion? The appraisal itself is essentially your appraiser’s valuation opinion. If you tell the appraiser they’re wrong, you won’t get a positive response. Instead, what you can do is search for new and unique data the appraiser may have missed.

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McKissock

AUGUST 13, 2021

For a typical “as-is” Market Value assignment with a straightforward contract with no contingencies or conditions, there is probably nothing that an appraiser actually needs to see. If a property appraises for $200,000 for a refinance, then it is still a $200,000 property for a sale transaction.

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Appraisal Today

AUGUST 18, 2023

Genius Scan This app gets a lot of love from appraisers. This tool is excellent for making copies of tax records, floor plans, etc. How will this affect your appraisal reports if you work in the affected areas? Genius Scan makes it easy to scan, upload, and share documents using your mobile devices. Or hit the reply button.

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Appraisal Hub

MARCH 27, 2024

The Role of Commercial Real Estate Appraisal A commercial real estate appraisal is a comprehensive evaluation conducted by certified appraisers to determine the value of a property. In Toronto, where the commercial property market is both dynamic and competitive, obtaining an accurate appraisal is essential.

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

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Housing Wire

JUNE 14, 2022

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Both GSEs argue that these approaches advance equity.

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Clear Capital

JANUARY 5, 2023

As a first-time buyer, unless you are among the 6% who purchase their homes entirely with cash , you are likely financing the transaction and your mortgage lender will require an appraisal. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny. points for Blacks.

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Appraisal Today

NOVEMBER 16, 2024

Nevertheless, where does the typical appraiser provide such summary information?… … So, it is clear from these Fannie Mae instructions that the appraisal of a SFR includes an analysis and valuation of the subject site separate from the valuation of the site as improved. It also varies on the Gen AI being used.

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