Appraisal Today

APRIL 19, 2024

Importantly, Chance points out that claims of appraiser bias contradict what appraisers actually do. She explains how pioneering research in psychology revealed that all humans have cognitive biases, but professionals like appraisers are trained to minimize bias through rigorous methodology. It is human nature. bath, 5,258 sq.ft.

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Appraisal Contracts Valuation Design 67

Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. What if there are few rural areas near you? When I worked for a northern California assessor’s office with rural areas I learned a lot about almond growing (the main crop) and other ag topics.

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Appraisal Inspection Modernization Business 69

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Scanning work files is easy. The second development in the case is that on March 22, 2024, the attorneys for Drs.

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Appraisal Contracts Business Construction 76

Appraisal Today

DECEMBER 29, 2023

To help you better understand what it means and how to pinpoint it, we’re exploring some examples the different types of functional obsolescence, and how it can influence property values. I always wonder about what appraisers from tract home areas think about Victorians. I assume (hope) they ask local agents.

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Appraisal Design Business Modernization 76

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Here's what you need to know about home appraisals so that you come prepared. What is a Home Appraisal? How Long Does an Appraisal Take? We have you covered. Now it's time for the home appraisal.

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Appraisal Process Appraisal Construction Sellers 139

Birmingham Appraisal

AUGUST 16, 2022

While a higher fed fund rate initially affects how much banks pay to borrow money the rate increase will trickle down and affect the interest rates consumers pay on short-term mortgage loans. Affect of Rate Hike on Mortgage Interest Rates. The rate hike is affecting short-term rates more than long-term rates such as mortgages.

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Marketing Inventory Real Estate Sellers 89

Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. What does that mean? I keep hearing about the automated appraisal.

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Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. What does that mean? I keep hearing about the automated appraisal.

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Appraisal Tips Appraisal Property Inspector Training 78

Appraisal Today

SEPTEMBER 22, 2023

To read more, click here My comments: Now we know what NAR members think about it. I was surprised at how negative they were. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. What they were doing about inspectors had a wide range. Here are a few of the many survey results.

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Appraisal Training Inspection Real Estate 86

Will Springer Realtor

SEPTEMBER 5, 2023

Buyers looking to finance the purchase of a home amid higher interest rates and rising prices are looking closely at something known as a “mortgage buydown.” What exactly is a mortgage buydown? It’s a financial tool offered by some lenders that lowers the interest rate charged on the mortgage. of the purchase price.

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Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. While most people will not require an appraisal very often it is good to know what an appraisal is and how the process works. What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes.

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Appraisal Today

JULY 1, 2023

Lenders Not Using AMCs for Appraisals By: McKissock June 23, 2023 Excerpts: Some appraisers seek alternate ways to find work outside of appraisal management companies (AMCs). Here’s what they said. Below are helpful tips on how to find financial institutions and banks that engage appraisers directly on fee panels. percent.

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AmeriMac

APRIL 15, 2024

Whether you’re a buyer looking to secure a mortgage, a seller determining the asking price, or a homeowner considering a case of a refinance, understanding how to order a home appraisal quickly is essential for a successful home purchase. So let’s dive in and explore the world of home appraisals.

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Appraisal Appraisal Process Real Estate Renovations 36

AmeriMac

OCTOBER 15, 2023

In this blog post, we will uncover appraisal reviews’ importance in the industry. In this blog post, we will uncover appraisal reviews’ importance in the industry. We will also discuss various categories of appraisal reviews, the aftermath of an appraisal review, and how it benefits clients.

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Will Springer Realtor

AUGUST 22, 2023

I wrote that same message in one of my first blog posts in 2018. Lenders will want to know more about your credit, income and assets – your CIA – to begin checking on your eligibility for a mortgage. The higher the score, the better the mortgage interest rate and the available amount you may be able to borrow. And it’s true.

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Mortgage Government Buyers Finance 36

Lamacchia Realty

OCTOBER 31, 2022

What is a 2-1 Buydown? Amidst ceaseless mortgage rate hike and inflationary headlines , the mortgage industry is abuzz with talk of buydowns. Buydowns aren’t a new product, on the contrary they’ve been around for a long time, but they’re resurfacing now as a mechanism to combat the rising mortgage rates.

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Appraisal Today

JUNE 9, 2023

Reliability of data You need to consider: What is this data telling me? How reliable is that data? If you’re using county data, and you’re looking at quality ratings in there, how reliably do they rate properties? To read more, click here My comments: The blog post has a link to Quality Ratings. What do you need?

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Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market. I did not include links to what the happy lenders say. To read more of this long blog post with many topics, click Read More Below!!

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Appraisal Today

JUNE 16, 2023

How can you go about crafting your appraisal report to avoid a revision request for “problematic language” or “unsupported conclusions”? NOTE: Please scroll down to read the other topics in this long blog post Non-lender appraisals, ROVs, appraisal business, unusual homes, mortgage origination stats, etc.

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Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

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Appraisal Real Estate Valuation Contracts 85

Lamacchia Realty

OCTOBER 11, 2021

People purchase a second home for a multitude of reasons. million people own a second home and with more work from home flexibility for employees , that number will only increase. Before anything else, it is imperative to know what you can afford. A mortgage lender is a great resource when finalizing your budget.

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Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. What Are Hybrid Appraisals?

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Appraisal Today

FEBRUARY 10, 2023

Fastapp AMC president, confirm what appraisers have been saying all along, that if you want high-volume AMC work, you have to lower your fees to 1980’s level, have 24 hour turn times, and, above all, be a number hitter. Very similar to the old mortgage broker days. Nicole Andrews, Fastapp AMC founder v. 1639e(b)(3). …

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Appraisal Today

JULY 21, 2023

That’s what we always hear. What are buyers willing to pay? NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc.

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Appraisal Real Estate Contracts Business 88

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? We have done a very poor job of telling the general public what we do and that we are are objective and unbiased. We need a good Appraiser PR Campaign!

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Real Estate Agent Real Estate Appraisal Agents 52

Cornerstone

JANUARY 7, 2022

What lies ahead? Exactly how high will rates climb? Here’s what you can expect for 2022, according to the experts: 1. Mortgage rates should increase. Remote work should open up more options. Or, use LoanFly to fly into your mortgage. Now it’s 2022, and both homebuyers and sellers have questions.

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Housing Market Marketing Sellers Inventory 52

AmeriMac

SEPTEMBER 15, 2023

But what happens when the appraised value comes in lower than expected? This blog will discuss everything you need to know about maximizing your effectiveness in challenging a low appraisal. We will also give you tips on effectively presenting your rebuttal and what should be included in your appraisal challenge for it to be effective.

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Appraisal Appraisal Process Real Estate Real Estate Agent 36

Quicken Loans

NOVEMBER 18, 2021

What Is A 3% Down Conventional Loan (Conventional 97 Loan)? How Does The Conventional 97 Loan Program Work? The 3% down conventional loan works like any other conventional mortgage. Each lender has different qualifying requirements for the 3% down conventional loan, but on average, here’s how you might qualify.

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Insurance Buyers HOA Mortgage 64

Appraisal Today

JULY 8, 2022

So, what exactly makes the V.A. Mortgage Bankers Association advocated for the proposal. You are working for the veteran to be sure they do not overpay, find out about problems, etc. You are working for the veteran to be sure they do not overpay, find out about problems, etc. as a Model for Appraisals. by Isaac Peck.

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Appraisal Property Taxes Contracts Mortgage 52

Listing Spark

AUGUST 17, 2023

The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements. FHA loans are becoming an increasingly popular option for buyers all across the home market.

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Appraisal Today

OCTOBER 20, 2023

Remote work was in full swing, and consumers were desperately seeking to get out of the cities. As anyone who has been an appraiser for more than five seconds can attest, you use the best comps available. The appraisal was ordered by an AMC on behalf of a lender. This approximately 900sf, 1.5 acres of wooded land. It was unremarkable.

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Appraisal Design Contracts Inspection 71

Will Springer Realtor

AUGUST 1, 2023

What is a short sale? It can happen when a mortgage lender agrees to accept less than the amount owed against the home because there is not enough equity to sell and pay all costs of the sale. How does a short sale work? Financial hardship can happen to anyone, and the lender will want to see proof of these difficulties.

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Sellers Buyers Real Estate Legal 36

Appraisal Today

NOVEMBER 25, 2022

The majority of my appraisal work is on divorces and estates, both of which have their fair share of crazy stories. The locksmith arrived shortly and started to work on the backdoor. Your attorney says to the MAI: How many house appraisals have you done this year? Cubicasa works well for measuring them. ==.

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Appraisal Today

SEPTEMBER 30, 2022

Read this article on how to check CO detectors. This is a reminder to appraisers to take a second look at all CO detectors and smoke alarms—and to test them as well. Bunzel was also able to provide some helpful tips for appraisers as far as how to communicate with their clients about CO detectors. You may save someone’s life!!

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Quicken Loans

DECEMBER 3, 2021

However, just because it’s popular doesn’t mean many service members understand how this exclusive benefit works. What are the advantages of a VA loan? Additionally, VA loans don’t require private mortgage insurance (PMI). What documents do I need to qualify for a VA loan? VA Loan FAQs.

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Insurance Appraisal Mortgage Appraisal Process 62

Cleveland Appraisal Blog

MARCH 18, 2021

Fortunately, I grew up in a family whose view is that all people are equal, and that differences in race, skin color and background, are what make humans so beautiful. How can people treat each other so terribly? However, I do believe that most appraisers are not racists, and do not discriminate in their work. . They were right!

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Appraisal Today

JUNE 3, 2022

I’m a commercial appraiser and know how hotels and Bed and Breakfasts are appraised. To read more of this long blog post with many topics, click Read More Below!! To read more of this long blog post with many topics, click Read More Below!! Residential Appraisals and Airbnb Income? By Julie Friess, SRA, AI-RRS, MA.

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