Remove Appraisal Process Remove Finance Remove Inspection Remove Property Taxes
article thumbnail

Desktop appraisal option to start in March

Housing Wire

The mortgage industry has been awaiting the official start date for desktop appraisals since Federal Housing Finance Agency Acting Director Sandra Thompson announced plans to allow them at an industry conference in October. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

Appraisal 414
article thumbnail

GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue. That research, however, will be conducted by Freddie Mac researchers.

Appraisal 292
Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Home Appraisal Cost Factors in BC: What You Need to Know

D Fritz Appraisals

While an appraisal fee is something you will need to add to your budget or closing costs, the good news is the cost of a home appraisal shouldn’t be a deal breaker. A home appraisal is a key part of the financing portion of any new or refinanced mortgage or loan agreement.

Appraisal 103
article thumbnail

Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. million armed robbery of a… Certified Appraisers vs.

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

Appraisal 105
article thumbnail

26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Beyond these most common scenarios, appraisals have numerous other use cases. Estate planning, property tax appeals, divorces, and gifting, are some of the many others.

Appraisal 145
article thumbnail

Mastering How to Order a Home Appraisal Quickly

AmeriMac

Understanding Home Appraisals A home appraisal is an official estimate of the fair market value of a home conducted by a licensed and impartial professional appraiser. The appraisal process involves gathering information about the home, the surrounding neighborhood, and recent nearby sales to determine the home’s value.