Appraisal Process Report
National Association of Realtors
SEPTEMBER 13, 2023
In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. This report contains the findings.
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National Association of Realtors
SEPTEMBER 13, 2023
In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. This report contains the findings.
Raleigh Realty
FEBRUARY 19, 2022
Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. Typically it is one of the last steps in the home-buying process. How Long Does an Appraisal Take? The appraisal process doesn't take long.
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National Association of Realtors
DECEMBER 16, 2020
Understand home value, learn details about the appraisal process, borrowers rights, and more. Use this resource to become an informed home buyer.
Riverfront Appraisals
JULY 1, 2021
For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
McKissock
SEPTEMBER 8, 2020
Previously, we asked our real estate appraisal community, “What’s your favorite part of the appraisal process ?” This time, we asked appraisers, “What part of the appraisal process do you find the most challenging? What part of the appraisal process do you find the most challenging?
Housing Wire
AUGUST 28, 2023
In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.
National Association of Realtors
SEPTEMBER 22, 2023
NAR joined a coalition letter urging regulators to consider benefits of certain aspects of the Veteran Affairs' (VA) Tidewater process for reconsiderations of value (ROVs).
National Association of Realtors
MARCH 11, 2021
The appraisal process remains a challenge for real estate agents across the country. Learn some of the best ways to work with appraisers to make more deals.
Riverfront Appraisals
SEPTEMBER 12, 2022
The home didn’t appraise for contract price, so the deal is dead, right? The post The Realtor’s Guide to Appraisals Part 9: Can a Realtor Challenge an Appraisal? appeared first on Riverfront Appraisals. Not at all! When this happens, most parties have three options: lower the sale price […].
Housing Wire
FEBRUARY 16, 2021
Reggora is a venture-backed startup that provides software to speed up the appraisal process for mortgage lenders and real estate appraisers. His time with Sonder Partners exposed Zitin to the inefficiencies in the modern appraisal process, which led to the start of Reggora.
Housing Wire
MARCH 1, 2023
The goal of the expansion is to provide homeowners and buyers, along with real estate, legal, and tax professionals, the option to order an appraisal directly through Opteon’s services, according to a statement from the company. managing director of Opteon, said in the statement.
Birmingham Appraisal
APRIL 11, 2023
11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. The post My Top 11 Tips For Realtors When Choosing Comps appeared first on Birmingham Appraisal Blog.
National Association of Realtors
AUGUST 29, 2023
Register today for the October 4 Webinar featuring a panel of seasoned REALTOR® appraisers, as they field questions about all aspects of the real estate industry and appraisal process.
Appraisal Buzz
JANUARY 31, 2022
I would say about 90% of the voicemails that I receive are from an irate homeowner worried about a rate lock or a stressed out realtor wondering if they are going to close on time. It’s no secret that appraisers are overworked. Communicating quickly with the lender is an issue with the appraisal process.
Housing Wire
JUNE 7, 2021
The National Association of Realtors has been very outspoken on racism and bias as in this statement for one of the stories on the subject. “We We know discrimination is in nearly every aspect of the home buying process,” said Jessica Lautz, National Association of Realtors vice president of demographics and behavioral insights.
Housing Wire
JANUARY 25, 2022
Digging into the workflow technology a bit further, it’s going to become increasingly important for appraisal management systems to have built-in flexibility for managing new types of workflows. The appraisal process, which isn’t simple to begin with, is becoming even more dynamic.
Birmingham Appraisal
MARCH 26, 2024
Appraisal Process To answer this it’s important to understand the appraisal process. When we appraise a house, we’re figuring out how much it’s worth. appeared first on Birmingham Appraisal Blog. What is bracketing and why should Realtors do it? Is it a sale or is it a comparable?
Birmingham Appraisal
MARCH 26, 2024
Appraisal Process To answer this it’s important to understand the appraisal process. When we appraise a house, we’re figuring out how much it’s worth. The post Can New Construction Sales be Used in an Appraisal of an Older Home? appeared first on Birmingham Appraisal Blog.
Appraisal Buzz
APRIL 19, 2022
Appraisal management companies (AMC’s) and appraisers can receive ANSI-compliant 2D floor plans with GLA calculations and a complete 3D tour of the interior and exterior, including street view shots, within 24 hours. The property can be visited the same day the order is placed so that data is provided to the appraiser the next day.
Housing Wire
FEBRUARY 8, 2022
Listing agents have a clear motivation to provide information that might pad an appraisal. “If If the Realtor says there are hardwood floors throughout, and the appraiser puts that in the appraisal report and it’s not the case, that’s a problem,” Dicks said. Appraisers are also likely to balk at another pay cut.
Empire Appraisal Group
NOVEMBER 3, 2022
Forty-seven percent of real estate professionals say they have had a transaction fall through due to a problem in the appraisal process, according to the National Association of REALTORS®’ 2022 Appraisal Survey. eyecrave productions – E+/Getty Images.
Valcre
OCTOBER 19, 2022
Commercial property appraisals are so effective that realtors win multiple offers by using appraisal addendums when making an offer. Understanding how the commercial appraisal process works and what appraisers look for can help buyers and sellers properly prepare for a property sale.
Birmingham Appraisal
JUNE 13, 2023
Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.
Riverfront Appraisals
APRIL 13, 2023
We’ve been exploring several frequently asked questions in this blog series, and most come to me from Realtors, lenders, or homeowners. This question is a tricky one, in that it usually comes from Realtors who don’t want their question to be made public.
Housing Wire
SEPTEMBER 13, 2022
According to a report from the National Association of Realtors, homebuyers consider floor plans the top most desired feature on a home listing, after standard listing photos and property data. Benefits of including a floor plan. Despite the fact that floor plans are not standard in U.S. listings, homebuyers are looking for them.
National Association of Realtors
FEBRUARY 28, 2024
NAR asks for clear guidance on the application of fair housing laws to the appraisal process as well as transparency in the compensation of appraisers.
Riverfront Appraisals
JANUARY 5, 2023
If you’d rather listen, check out our podcast, The Appraisal Cast, wherever you listen to podcasts. This question came to be from a Realtor who […]. appeared first on Riverfront Appraisals. Question: Do ANSI ceiling height requirements apply to below grade square footage?
Housing Wire
MAY 23, 2023
In the past, real estate data was hidden behind paywalls and subscriptions, and any consumer who wanted to know what was available or what a home sold for had to reach out to a Realtor. Connecting the data dots According to Tavant, the next step toward eliminating appraisal bias is to connect the dots of all this data and information.
Riverfront Appraisals
JULY 6, 2022
Misunderstandings about the appraisal process are plentiful, and some of those really do affect the way you do business. The post Appraisal Blog The Realtor’s Guide to Appraisals Part 7: Common Myths About Appraisals appeared first on Riverfront Appraisals. Over the years, we’ve heard it all.
Appraiserblogs
MARCH 12, 2021
With that being said, the last piece of the quality puzzle starts at the... Related Posts: FHFA to Screw Up Appraisals The FHFA is looking for comments on how they can better screw up the appraisal process.
Riverfront Appraisals
NOVEMBER 4, 2021
Welcome to the November edition of our blog series, The Loan Officer’s Guide to Appraisals. If you’ve been following our blog, you know that all year, I’ve been writing with the purpose of assisting loan officers to better understand the appraisal process.
National Association of Realtors
APRIL 3, 2023
A more streamlined appraisal process won’t materialize until lenders and appraisal management companies understand the critical need for credible, independent data collection.
Riverfront Appraisals
FEBRUARY 9, 2023
Realtors, remember the last time your buyer switched lenders at the last minute? I bet you were hoping you could just use the old appraisal, right? Lenders, how many times have you reached out to the appraiser and asked them to change the name on their appraisal from the original lender to the new?
Riverfront Appraisals
APRIL 20, 2023
This blog is dedicated to the countless homeowners who, as we’re finishing up with the appraisal inspection, ask “well, is there anything I can do to increase the value of my home?” Realtors, you’ll also benefit from this post because I’m sure you get asked that all the time as well!
Realvals
AUGUST 9, 2022
Zillow, Realtor, Trulia, and Redfin are some websites that come to mind when buying or selling real estate. But are these sites used by home appraisers? The question arises then, do home appraisers use Zillow? The post Do home appraisers use Zillow? Keep reading to find out. . Zestimate and Other Estimators. Yes, and no.
Riverfront Appraisals
DECEMBER 7, 2022
Over the years, we’ve collected some of the most frequently asked questions from Realtors, and here they are for you – with answers! If you have any additional questions, feel free to reach out to Ryan personally at ryanbays@riverfrontappraisals.com Who Needs to Be at Home During an Appraisal?
National Association of Realtors
JUNE 1, 2023
The White House's Property Appraisal and Valuation Equity (PAVE) Task Force has announced significant regulatory actions and changes to address appraisal bias and the home appraisal process.
Genworth MI Blog
AUGUST 31, 2022
Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. In some cases, this meant that interior inspections and appraisals relied on pictures and details from the homeowner or realtors involved in the sale rather than direct viewing.
Riverfront Appraisals
APRIL 21, 2022
Maybe you had a problem and the home didn’t appraise at the sale price. Do you ever communicate with the appraiser? While most appraisers and Realtors have good […]. The post The Realtor’s Guide to Appraisals Part 5: Tips on Communicating with the Appraiser appeared first on Riverfront Appraisals.
Housing Wire
NOVEMBER 8, 2021
A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I
National Association of Realtors
FEBRUARY 8, 2023
Learn about the federal government’s action plan to eliminate bias in the appraisal process and what you can do to contribute to its mission.
Riverfront Appraisals
FEBRUARY 16, 2023
This question came to me recently from a Realtor friend of mine. FAQ 7: How Are Non-ANSI Compliant Bedrooms Treated? He had just taken a new listing of an older home with one bedroom and bathroom on the main level, and two bedrooms upstairs.
Birmingham Appraisal
JUNE 21, 2023
Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.
National Association of Realtors
FEBRUARY 7, 2023
Real estate transactions rely on an objective appraisal to determine a home’s market value, but evidence suggests there’s potential for racial bias in the appraisal process.
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