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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. Key Appraisal Items to Communicate. Helpful Items to Provide for the Appraisal.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Defining the Appraisal Scope of Work.

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Revolutionizing Appraisals: The Role of Blockchain Technology

Appraisal Buzz

This means that instead of relying on a single entity (like a bank) to keep track of transactions, blockchain distributes this information across multiple nodes. AI can analyze vast amounts of data on the blockchain to provide insights, predictions, and even automate certain appraisal processes.

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How to Read a Home Appraisal

Chicagoland Appraisal Blog

Say goodbye to confusion and welcome a clear understanding of your home appraisal! Appraisal Cover Page This page includes essential details such as the property address, the appraiser’s name and contact information and the date of the appraisal.

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A Log Home Valuation

Appraisal Buzz

Currently, the Appraiser Qualifications Board, Course approval Program or Cap, has yet to approve a single class specific to log home valuation. With all the construction of log homes, there needs to be legal and competent appraisals for these homes. The question is how are these homes being appraised?

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Can You Talk to an Appraiser?

Empire Appraisal Group

More than a quarter of real estate professionals say they avoid having any interaction with an appraiser, falsely believing they legally can’t. Source: Can You Talk to an Appraiser? Real estate pros who do interact with appraisers say they try to provide additional information to help them in their valuation, the survey shows.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Home inspections provide valuable information that can make or break your decision to purchase a home, as well as help you plan for future improvements. An appraisal is a valuation of a property by a third party. Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete.