DW Slater Company

SEPTEMBER 29, 2022

I am a 7th generation Texan on both sides of my family. I can trace my roots back to the Battle of San Jacinto and the Old Three Hundred. I hope you enjoy it as much as I do! There are many places in this state I haven’t been to yet. There are many places in this state I haven’t been to yet.

Mortgage 132

Mortgage Housing Market Appraisal Real Estate 132

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. To me, the big issue is who is doing the inspections. Only appraisers do the appraisals.

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Appraisal Training Inspection Real Estate 86

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? You've found a home you love, put down an offer you're excited about, and the closing date is fast approaching. Now it's time for the home appraisal. What is a Home Appraisal?

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Appraisal Process Appraisal Construction Sellers 139

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. Let’s look at a few examples: A home has three bedrooms, but to reach the third bedroom, you have to walk through the other secondary bedroom.

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Appraisal Design Business Modernization 76

Appraisal Today

APRIL 19, 2024

Importantly, Chance points out that claims of appraiser bias contradict what appraisers actually do. This is, by far, the best writing I have seen on bias related to appraisals. I have been saying for a while that all humans are biased in some way. I stay because my MAI is very, very valuable (similar to CPA).”

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Appraisal Contracts Valuation Design 67

Appraisal Today

MARCH 22, 2024

Do focus on characteristics of the property Identify properties with comparable square footage (including finished basements), number of bedrooms and bathrooms, lot size, view (e.g., For instance, in the subject’s market, a mountain view could significantly impact the demand and marketability of a vacation condominium home.

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Appraisal Contracts Business Insurance 65

Appraisal Today

MARCH 15, 2024

In this guide, we’ll explore what defines a rural property, the challenges appraisers face, reasons for conducting rural appraisals, strategies for finding comparables, and tips for writing a compliant appraisal report. What if there are few rural areas near you? I had niece who had several horses for many years where she lived.

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Appraisal Inspection Modernization Business 69

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Most workers in America do not have the same opportunities for success and advancement that appraisers have.

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Appraisal Mortgage Business Contracts 74

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. Buying a home can be a confusing process, however, I hope that you have been able to surround yourself with knowledgable professionals who can help you navigate your first home purchase and make it an enjoyable experience.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Appraisal Today

DECEMBER 1, 2023

Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. But, crossing the highway does work here With that said, I want to show you an example of a local neighborhood where I have zero hesitation about pulling comps from both sides of the highway.

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Appraisal Business Contracts Technology 87

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. This is important because buyers often have lots of expenses such as making repairs, upgrades, buying furniture, and more. That is no longer allowed.

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Sellers Buyers Property Taxes Inspection 62

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. It’s been said that choosing the right comps is ninety percent of the battle when pricing a home and I agree.

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Realtors Bracketing Agents Buyers 85

Appraisal Today

JANUARY 19, 2024

I will never forget “I’m only the appraiser!” ” I use the phrase sometimes ;> It’s one of the few times appraisers are in movies or TV series! After a major interior makeover, the architecturally significant home is in Houston‘s upscale Piney Point Village neighborhood. Opens in You Tube.

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Appraisal Contracts Real Estate Architecture 72

Appraisal Today

JANUARY 5, 2024

Appraisers and the public have traditionally held several misconceptions about USPAP, and these changes should help to dispel some of those myths. I suppose it is because most appraisals are done (now) for residential lending purposes. Many thanks to Dan Bradley for writing about the 2024 USPAP changes. Excerpts: 4 Bedrooms, 4.5

Appraisal 74

Appraisal Contracts Legal Business 74

Will Springer Realtor

OCTOBER 17, 2023

Whether you’re looking in Belltown or Bellevue, Bothell or Burien, buyers need to save up a whole lot of money before seriously considering a first-time home purchase. The funds are typically repaid when buyers eventually sell the home or when refinancing their mortgage. Not exactly. Read the fine print!)

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Buyers Government Finance Mortgage 63

Appraisal Today

JULY 21, 2023

The value of a pool for Homes? July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. That’s what we always hear. Homes in different locations and price points tend to have different amenities, and that includes pools. What are buyers willing to pay?

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Appraisal Real Estate Contracts Business 88

Appraisal Today

DECEMBER 8, 2023

We can fairly easily observe the comparable which is the most physically similar, but what about the one that is the most transactionally similar? One of the best I have read. Basic Appraisal, but not all appraisers know about this, especially if they “appraise to fit the form” aka form fillers.

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Appraisal Real Estate Contracts Design 66

Appraisal Today

JULY 7, 2023

Plaintiffs cannot transform allegations of incompetence or a breach of appraisal industry standards into racial discrimination by baldly alleging that Mr. Lanham believed that Plaintiffs did not belong in their neighborhood and that their home was worth less than other homes because of their race. I don’t write about this topic much.

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Appraisal Real Estate Contracts Mortgage 75

The Robert Weiler Company

APRIL 22, 2023

Ohio is home to the headquarters of 27 companies on the U.S. And what should you take into consideration? The number one factor you should consider when looking for officespace is your needs. Take the time to find an affordable space that will suit your short- and long-term needs. Fortune 500 list.

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Tenants Real Estate Transportation Clients 78

The Robert Weiler Company

SEPTEMBER 18, 2022

When there is land for sale – whether raw acreage, commercial property, or residential – a land appraisal is the key component of the process. This will help you make the most of your land buying decision. This will help you make the most of your land buying decision. What is a Land Appraisal? How is Land Appraised?

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Appraisal Valuation Real Estate Market Value 78

Raleigh Realty

AUGUST 19, 2022

With the increase in student loan debt, frequent career shifts, and living through the 2008 housing crisis, many may consider millennials financially insecure and opposed to home ownership. To the millennial generation, owning a home is not only a wise investment option but a fundamental value intrinsic to the American Dream.

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Real Estate Agent Real Estate Agents Buyers 78

Appraisal Today

JUNE 9, 2023

When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. Reliability of data You need to consider: What is this data telling me? Reliability of data You need to consider: What is this data telling me?

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Appraisal Advertising Real Estate Contracts 52

Appraisal Today

JUNE 16, 2023

In addition, our lenders and GSE’s are implementing tools and programs to identify when “Certain prohibited, subjective or potentially biased words or phrases are included in appraisal reports.” They take time, effort, and ultimately do not contribute to our bottom line. Now Fannie’s computers will let lenders know.

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Appraisal Contracts Design Mortgage 74

Appraisal Today

AUGUST 18, 2023

To read about the other 5 apps, click here My comments: Worth checking out. When business is slow is an excellent time to look for new apps, learn how to use your MLS and forms software, etc. 7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1. The company boasts a 99% accuracy rate as well as powerful voice editing capabilities.

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Appraisal Contracts Inspection Real Estate 74

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I don’t know if Realtors can be re-trained to see value rather than price. To read the letter (PDF), click here.

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Appraisal Agents Real Estate Real Estate Agent 80

Appraisal Today

MAY 19, 2023

Here are some examples of real-life prompts I have used with success. I am a real estate appraiser completing an appraisal. Write a description of where the adjustment came from that I can use in the report.” Can ChatGPT, and other AI models, actually assist appraisers in writing summary appraisal reports?

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Appraisal Business Contracts Real Estate 52

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

Quicken Loans

MAY 12, 2021

And, in some cases, getting married can even affect your mortgage. There are a lot of things to consider when you’re getting ready to buy a house. But if you’re married, one that you might not have thought about is whether you and your spouse should both be on the home loan. It can: Raise your taxes.

Mortgage 68

Mortgage Law Business Legal 68

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

Appraisal Today

JUNE 23, 2023

However, it’s a good idea to know where the risks lie—and how to avoid them. As we all (should) know, any person or company. NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc.

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Appraisal Real Estate Valuation Contracts 85

Appraisal Today

JUNE 17, 2022

Nearby, I noticed a large water tank. It was shared by four nearby homes. I worked for 4 years in rural areas. 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!! I am on many email lists.)

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

AUGUST 19, 2022

What to Do When Your Appraisal Is Under Review. When you can’t meet a requirement, include a comment that explains why not.”. My comments : Worth reading if you do lender appraisals. I have never had any reviews for my non-lender appraisals similar to the reviews above. To read more, click here.

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Appraisal Contracts Business Mortgage 52

Appraisal Today

AUGUST 4, 2023

The End of Home Appraisals? In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

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Appraisal Business Contracts Real Estate 71

Birmingham Appraisal

JULY 7, 2022

What Are Some Reasons Your Home May Not Appraise? With the current shift in the real estate market, we may see changes in sales activity that will affect your home’s value. The market is constantly changing and it is important to keep up with what is happening if you want to stay current on property values.

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Appraisal Marketing Contracts Buyers 63

Appraisal Today

FEBRUARY 24, 2023

What Level Appraiser Are You? By McKissock Excerpts: How do we measure ourselves? What is the mark of an appraiser who is at the top of his or her “game”? But what if the appraisal form was completely blank with no boilerplate text? Do you still feel the same level of assuredness? Beginner, Intermediate, or Pro?

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Appraisal Architecture Valuation Business 52

Will Springer Realtor

FEBRUARY 22, 2022

Buying a home should be an exciting experience. Sure, there are potential speed bumps along the journey to your dream home and gaining knowledge about the process before starting the search can help avoid surprises. That’s assuming a buyer will need help financing the purchase – about 87% do. (If

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Mortgage Buyers Finance Real Estate 36

Appraisal Today

SEPTEMBER 30, 2022

Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim. You may save someone’s life!!

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Appraisal Inspection Easement Contracts 52