Housing Wire

AUGUST 25, 2022

Lenders with a strong sense of how to properly select and deploy the correct collateral valuation solution can create home equity lending programs that will continue to provide a steady stream of business, while also reducing their costs and time to close. Misconception #1: You need an appraisal every time you do a loan.

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Lending Valuation Appraisal Process Appraisal 315

Appraisal Buzz

JULY 5, 2021

With that said, appraisers are often tasked with having a knowledge of the local community and the local market — specifically how it affects the quality of a home. Everything from neighborhood sales to unique weather conditions plays a role in the appraisal process. That includes the appraisal process.

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Appraisal Real Estate Construction Appraisal Process 370

Premier Home Appraisal Blog

MAY 30, 2023

According to the Homeowners Protection Act (HPA), you can request PMI cancellation once you reach 20% equity in your home and have paid off 20% of your original loan amount, either through mortgage payments or an increase in your home's value. This is where the appraisal process comes in.

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Appraisal Home Value Appraisal Process Insurance 98

Housing Wire

JUNE 14, 2022

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. This indicates that we cannot reject the role historic discrimination has played in the evaluation of home values.”.

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Appraisal Valuation Inspection Law 292

Realtor

SEPTEMBER 19, 2023

. “People think we know the value of the property as soon as we see it,” says Michael Coyle , the founder of The Coyle Group in Lafayette Hill, PA. A good understanding of the home appraisal process will go a long way toward comprehending how your home’s value is determined.

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Appraisal Sellers Real Estate Agent Appraisal Process 194

McKissock

MAY 24, 2022

But it’s worth spelling out, because a courteous and professional demeanor is essential to making a good first impression and providing a positive customer service experience throughout the entire appraisal process, from acceptance to delivery. Deliver reports on time. Communicate with the client.

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Client Relationships Clients Appraisal Appraisal Process 75

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. Let’s explore how appraisals work!

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Appraisal Appraisal Process Buyers Legal 158

AmeriMac

MARCH 29, 2024

In this blog, we will explore everything you need to know about reverse mortgage appraisals, including the basics of how reverse mortgages work, the eligibility criteria for a reverse mortgage, the role of appraisals in the process, and the appraisal process itself. Let’s dive deeper into the details.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Appraisal Appraisal Process Renovations Market Value 82

Housing Wire

MAY 27, 2022

According to a study published by Oxford Academic Journals in 2020, modern appraisal techniques using sales comparisons and neighborhood comparisons actually perpetuate racial inequality, and in some cases exacerbate it, citing that the sales comparison approach preserves historical racial bias in today’s home values.

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Appraisal Valuation Technology Modernization 337

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

Chicagoland Appraisal Blog

MAY 13, 2021

Naturally, even if you choose not to sell your house, you certainly want to maintain your investment and ensure that your home value doesn’t drop. Here, we’ll explore everything you need to know about home appraisals and how to maximize the value of your house. . What’s in a Home’s Value?

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Appraisal Renovations Home Value Real Estate 88

AmeriMac

MARCH 1, 2024

However, there are strategies to eliminate PMI, including getting an appraisal. This blog post explores private mortgage insurance, its impact on your mortgage, strategies to eliminate it, and the appraisal process. AmeriMac can assist you throughout the appraisal process for a smooth PMI removal journey.

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Appraisal Insurance Appraisal Process Mortgage 36

East Coast Appraisal

SEPTEMBER 12, 2022

Many agreements wait until the loan has reached 78 percent of the home's value to automatically cancel PMI. To remove it earlier, you'll need to have the house appraised and submit a formal request. When Home Prices Increase. Buying a home remains one of the best investments available today.

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Appraisal Renovations Insurance Home Value 52

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. Let’s explore how appraisals work!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. Let’s explore how appraisals work!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. This can lead to less competition which contributes to lower home values.

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Real Estate Appraisal Marketing Market Value 86

East Coast Appraisal

MAY 24, 2023

There are times when the seller could pay for the cost of the appraisal, but that is a deal that needs to be worked out through your real estate agents as it is not typically the seller's responsibility. Home appraisals cost around $300 to $450 so make sure to account for that cost when you are saving to buy a home.

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Realtor

MARCH 7, 2023

These loans have no home value limits at all, although they do have income limits. The USDA home loan appraisal process To prove that a home meets the USDA’s criteria, all homes financed by USDA loans must undergo an appraisal.

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Eppraisal

NOVEMBER 23, 2021

The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise. Despite the super seller's market, appraisers are protecting the mortgage companies' interests.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

To make this determination, the appraiser must first determine the Highest and Best Use of the land. How can we determine how much time is left before a home no longer contributes value to the property?

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Appraisal Development Finance Lending 365

AmeriMac

FEBRUARY 14, 2022

One of the most important parts of any real estate transactions is by far the appraisal process. Here, a trained professional will gather as much information about a home as possible – along with information about comparable homes in the area – to determine a fair market value. What Is a Foreclosure?

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Appraisal Appraisal Process Real Estate Legal 36

Realtor

NOVEMBER 16, 2017

Extra assistance with appraisals. When a home that a veteran is considering purchasing is having trouble reaching the purchase price during the appraisal process , buyers and lenders can ask the VA appraiser to consider adjusting the valuation before making a final determination.

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Insurance Appraisal Buyers Real Estate 146

Eppraisal

NOVEMBER 12, 2021

Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices. Here are a couple of tips on what to expect during an appraisal.

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McKissock

MARCH 22, 2022

Special energy-saving items must be recognized in the appraisal process and noted on the appraisal report form. For example, when completing the appraisal report (Form 1004), special energy-efficient items are to be addressed in the Improvements section in the Additional features field.

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D Fritz Appraisals

OCTOBER 11, 2022

What is Checked During a Home Appraisal? There are two main parts to a Home Appraisal: Inspection of the property. Property inspection: As part of the appraisal process, your home appraiser will conduct an on-site inspection of the property. Research and analysis of comparable properties.

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Appraisal Inspection Property Taxes Easement 105

Realtor

DECEMBER 15, 2016

But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Cleveland Appraisal Blog

JUNE 25, 2021

During the Great Recession, home prices were falling rapidly due to an over-supply of inventory, which was out of the control of individual homeowners. Obsolescence can cause a loss in home value. The percentage difference is the amount the home has depreciated, which is indicated in red. It can be curable or incurable.

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Market Value Appraisal Marketing Buyers 244

D Fritz Appraisals

MARCH 16, 2021

If you have any questions or concerns about the appraisal process, we recommend looking through our FAQ section , or contacting us by phone or email for assistance. You may also want to speak with your real estate agents about your appraisal preparation. Touch up paint where it’s needed. Replace any broken gutters.

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California Home Appraisals INC.

SEPTEMBER 22, 2014

Experience and knowledge should typically be your top concerns when hiring an appraiser and working through the appraisal process. Most standard and non-complex properties can typically be sufficiently serviced by appraisers with at least about 5 years of experience. Are You A Full-Time Appraiser?

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Appraisal Appraisal Process Lending Real Estate 78

Realtor

NOVEMBER 16, 2017

Extra assistance with appraisals. When a home that a veteran is considering purchasing is having trouble reaching the purchase price during the appraisal process , buyers and lenders can ask the VA appraiser to consider adjusting the valuation before making a final determination.

Insurance 78

Insurance Appraisal Buyers Real Estate 78

AmeriMac

JUNE 6, 2022

However, if you’re refinancing your mortgage, you may be able to choose your own appraiser. It’s important to select an experienced and reputable appraiser to ensure an accurate assessment. The appraisal process typically takes a few days. The appraiser will visit your home and assess the property value.

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Appraisal Renovations Buyers Lending 36

D Fritz Appraisals

MARCH 7, 2019

To learn more about the appraisal process and what appraisers look for when they visit your property, contact D. Fritz Appraisals – your Victoria, BC property appraisal experts servicing Vancouver Island and the Gulf Islands.

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Renovations Appraisal Real Estate Agent Buyers 78

Zillow

JULY 11, 2016

Your home and your handy work will be on display to be judged and valued so that you can move forward with selling your home. With the right tools, tricks and savvy, the appraisal process can not only go smoothly, it can also help you make a giant financial leap toward a future in a new home.

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Appraisal Decorating Sellers Appraisal Process 36

Listing Spark

MARCH 15, 2022

One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. What is the home appraisal process like?

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. Risk to Home Values. million properties, 23.9

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