The Appraiser Coach

DECEMBER 5, 2023

I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. To make a long story short, this man felt like the first appraisal had come in lower than it should have. Real-estate agents, homeowners, appraisers – we’re all human.

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Real Estate Agent Inspection Appraisal Appraisal Process 150

Housing Wire

NOVEMBER 22, 2023

We also use AI to help run our operations and drive operational efficiency by using predictive analytics and how we assign appraisals to appraisers. And we use AI in our DataMaster solution to do market analysis and support appraisers in how they’re developing appraisal reports.

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Appraisal Technology Modernization Real Estate Agent 409

Housing Wire

AUGUST 31, 2022

This helps eliminate human error, creates digital consistency in the output, and democratizes the creation of accurate property data critical to real estate listings and the appraisal process on a home loan. Users have the ability to leverage CubiCasa’s technology without prior training.

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Technology Modernization Appraisal Process Training 316

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 401

Appraisal Inspection Real Estate Agent Training 401

Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac.

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Valuation Modernization Training Appraisal Process 280

East Coast Appraisal

MAY 24, 2023

While trying to buy a home, you may have found out that some lenders require their borrowers to have an appraisal and/or an inspection completed. Some lenders may only require an appraisal and leave the decision about an inspection up to you. During an appraisal, the buyer or seller doesn't need to be present.

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Inspection Appraisal Sellers Buyers 52

Housing Wire

MAY 31, 2021

Black Knight’s REvolution suite provides appraisers and other valuation professionals with a seamless appraisal process from property inspection to report delivery. Using SCOUT, homeowners, inspectors, real estate agents and appraisers can collect property data on a mobile device.

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Inspection Valuation Real Estate Real Estate Agent 195

Rowe Appraisal Group

MAY 5, 2020

A couple of days ago I was sitting down to start writing a blog post on how to streamline the initial appraisal process, specifically gathering information on the subject property prior to doing the inspection. Choose your own adventure or tailor one of these questionnaires to fit the Real Estate Agents in your own market!

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Real Estate Agent Real Estate Agents Inspection 36

Rowe Appraisal Group

MAY 5, 2020

A couple of days ago I was sitting down to start writing a blog post on how to streamline the initial appraisal process, specifically gathering information on the subject property prior to doing the inspection. Choose your own adventure or tailor one of these questionnaires to fit the Real Estate Agents in your own market!

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Real Estate Agent Real Estate Agents Inspection 36

AmeriMac

DECEMBER 30, 2023

We will start with the definition and purpose of these appraisals, followed by how they work, the factors considered in them, and preparing for an appraisal. We will also discuss what happens if an REO appraisal is low and how it impacts property value.

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Real Estate Appraisal Inspection Appraisal Process 36

Raleigh Realty

FEBRUARY 19, 2022

In addition to doing a physical inspection, the appraisal company will also do a comparative financial analysis of other homes in the area and assess how much they sold for. After doing the physical appraisal and running the comparables report, they will provide you with the appraisal report.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

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Appraisal Inspection Real Estate Agent Training 68

Housing Wire

MAY 25, 2021

Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage. A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry.

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Appraisal Valuation Real Estate Modernization 309

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. Steps in the Appraisal Process.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Birmingham Appraisal

AUGUST 23, 2023

In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened.

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Agents Appraisal Valuation Appraisal Process 85

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 89

Realvals

JULY 27, 2022

As a real estate appraiser in California, I often hear this question, and the answer is almost always the same. It’s the client who pays for the home appraisal. Home appraisal process. The home appraisal process will differ depending on what you need the appraisal for.

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Appraisal Inspection Real Estate Buyers 78

D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. What is a Home Appraisal and Why is it Important?

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Appraisal Inspection Property Taxes Easement 105

Birmingham Appraisal

SEPTEMBER 28, 2022

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. One of these changes is the use of the hybrid appraisal by lenders. What Is A Hybrid Appraisal? Things To Consider With Hybrid Appraisals.

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Appraisal Property Inspector Training Real Estate Agent 59

Realtor

MAY 15, 2023

In a traditional appraisal, an appraiser goes to a home and does a thorough walk-through, recording details like square footage, acreage, number of bedrooms and bathrooms, home improvements, and additions. The hybrid appraisal uses a form almost identical to the URAR, but the appraiser doesn’t go to the property.

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Appraisal Real Estate Appraisal Process Market Value 107

Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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McKissock

DECEMBER 1, 2020

Applying the term bifurcation to appraising would mean that the appraisal process is divided into two parts. In the most general terms, a supervisory appraiser and appraiser trainee working on an appraisal may follow a bifurcated appraisal process. Why call it an enhanced desktop appraisal?

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Appraisal Inspection Appraisal Process Real Estate 58

Listing Spark

OCTOBER 9, 2023

Are you considering selling your home without the assistance of a real estate agent? Many homeowners opt for the For Sale By Owner (FSBO) approach to cut costs and have more control over the sales process. For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker.

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Real Estate Agent Legal Real Estate Agents 36

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. To me, the big issue is who is doing the inspections.

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Appraisal Training Inspection Real Estate 86

Cleveland Appraisal Blog

JANUARY 13, 2022

But, it happens enough that it can create a little skepticism in the minds of an appraiser. By the way, if you’re a real estate agent, you no doubt have experienced these same issues with some that you work with or work for. But it’s not repeatable using market data. We could be accused of being biased.

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Appraisal Inspection Clients Real Estate 221

The Appraiser Coach

OCTOBER 17, 2023

How long have you been appraising? But you know that the appraisal process and the appraisal form are two separate things. The process that you go through to do an appraisal and the type of reporting you do on that process could be miles apart, although they are related.

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Appraisal Appraisal Process Technology Clients 195

Appraisal Today

SEPTEMBER 23, 2022

At the least we ought to describe the market as showing a downward seasonal shift, though it’s possible we can call this a downward cycle if the trend persists over time. Will we see smaller homes more often as first-time buyers flood the market? Markets are changing in many areas, but are complicated by price range, size, etc.

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Realtor

MARCH 7, 2023

The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit. 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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Inspection Appraisal Market Value Finance 111

Housing Wire

DECEMBER 7, 2023

Visit Website Overview The Lee Institute School of Real Estate combines professional instruction and video format training to make the concepts of the real estate business more digestible and engaging. Course Access: 180 days from the date of registration to complete your 40-hour course.

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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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McKissock

MARCH 8, 2022

In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. In various articles and opinion pieces, some claim that desktop appraisals will solve the appraiser shortage and modernize the appraisal process, while others claim that they will cause the demise of the appraisal profession.

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Appraisal Inspection Real Estate Agent Technology 88

Appraisal Today

MARCH 15, 2024

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. We’ve found five glorious examples of glass houses on the market right now.

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Appraisal Inspection Modernization Business 69

D Fritz Appraisals

MARCH 16, 2021

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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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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Appraisal Real Estate Agent Real Estate Buyers 36

AmeriMac

JANUARY 15, 2024

Understanding the role of a home appraiser, the importance of a home appraisal, and the factors to consider when choosing an appraiser are key to making an informed decision. So, let’s dive in and discover how to find the best local home appraiser. Why is a Home Appraisal Important?

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Appraisal Appraisal Process Valuation Real Estate 36

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

AmeriMac

APRIL 15, 2024

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property.

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Appraisal Appraisal Process Real Estate Renovations 36