Birmingham Appraisal

SEPTEMBER 28, 2022

An agent involved in the property inspection process may overlook defects that may affect the value that the appraiser would readily pick up on. Because of issues like this, it is important for the property inspector to have adequate training and zero bias in the outcome of the transaction.

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Appraisal Property Inspector Training Real Estate Agent 59

CP Home Appraisals

AUGUST 27, 2018

A home inspector’s function is to study the structural, electrical, mechanical & plumbing in a home and document any problems or safety issues. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does.

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Inspection Appraisal Property Inspector Real Estate 78

Robinson Appraisal Group

JULY 18, 2019

However, a hybrid appraisal includes an exterior observation of the property, sometimes including an interior inspection by a third-party: this third party inspection could be done by a real estate agent, a property inspector or even another real estate appraiser.

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Appraisal Inspection Property Inspector Valuation 78

Robinson Appraisal Group

JANUARY 22, 2020

observation of the property, sometimes including an interior inspection. estate agent, a property inspector or even another real estate. bifurcated valuation or hybrid appraisal includes an exterior. by a third-party: this third party inspection could be done by a real. The use of this type of bifurcated valuation process for.

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Appraisal Valuation Property Inspector Real Estate 78

Town & Country Residential Appraisals

MAY 15, 2023

The lender uses this property data in conjunction with valuation models to determine if a traditional appraisal is needed. For example, did you know that these property inspectors have no oversight or regulations as of right now? It is up to the lender to demonstrate the credibility of these property data collectors.

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Inspection Valuation Property Inspector Modernization 45

Appraiserblogs

APRIL 19, 2023

The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. This program allows for the collection of data related to real estate appraisals by unlicensed third-party data collectors, which is in direct violation of article 38 of the state’s Real Estate Appraiser Licensing and Certification Act.

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Law Inspection Real Estate Training 147

Appraiserblogs

MARCH 9, 2023

Appraisal trainees aren’t good enough, so now we will have unlicensed inspectors going through the homes of unsuspecting homeowners. No appraisal may be required in the future! Fannie Mae took a direct shot at appraisers with the announcement of changes in their Selling Guide. First, “third party” inspections.

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Appraisal Inspection Training Property Inspector 121

Appraiserblogs

JULY 24, 2023

I’m just an Average Joe, surrounded by some really smart people, and we are fighting back. I often wonder if Certified General, MAI or SRA appraisers sitting in their ivory towers often chuckle to themselves and say HA, data collectors will never impact commercial. Who cares about the residential appraiser.

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Appraisal Training Real Estate Property Inspector 119

Appraiserblogs

MARCH 3, 2023

Somebody explain to me exactly how Property Data Collectors are “professionally trained” per Fannie Mae directives. The fact is, Fannie Mae is explicitly working toward the elimination of appraisers for real property valuations.

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Training Valuation Appraisal Real Property 118

Town & Country Residential Appraisals

APRIL 17, 2023

The lender uses this property data in conjunction with valuation models to determine if a traditional appraisal is needed. For example, did you know that these property inspectors have no oversight or regulations as of right now? It is up to the lender to demonstrate the credibility of these property data collectors.

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Inspection Valuation Property Inspector Modernization 36

AmeriMac

OCTOBER 28, 2024

That’s why a complete home inspection is essential when looking at REO properties. Inspectors need to note any visible damage, check how well major systems are working, and estimate the cost of repairs. This information helps appraisers adjust their values and consider the costs of fixing a foreclosed home.

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Property Appraisal Appraisal Legal Valuation 36

Zillow

SEPTEMBER 24, 2016

The buyer should always do a full property inspection, before moving forward with the purchase. The inspector checks all systems and components from the roof to the basement. When does the buyer receive disclosure statements? In most markets, disclosure documents are provided to buyers once the seller has accepted their offer.

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Real Estate Inspection Sellers Buyers 36

Appraisal Today

OCTOBER 6, 2023

Next month’s newsletter will have a lengthy article on the issues of the property inspector. I wonder how well the GSE AI works on rural appraisals, “one of a kind” properties, no permits, Highest and Best Use issues, and many more. The data collector qualifications need to be standardized. Each AMC sees it differently.

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Appraisal Contracts Real Estate Mortgage 79

Walitt Solutions

JULY 28, 2019

Any time an appraiser chooses to rely on data, the appraiser must determine if there is any reason to mistrust the information; so, the training, expectations, and scope of the inspectors should be understood by the appraiser, in order to properly understand and communicate what assumptions were made.

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Appraisal Inspection Valuation Lending 28

Appraisal Today

MAY 24, 2024

The data won’t be limited to what is gathered by property inspectors; however, appraisers’ data will also be in that mix. I wouldn’t want the interior photos of my home being catalogued by some third-party vendor that were taken related to a mortgage finance transaction I was engaging in. Ditto the floor plan.

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Appraisal Contracts Mortgage Reconsideration of Value 83