Appraisal Today

APRIL 1, 2023

Instead this reviewer proceeded to tell me that it was one of the most detailed and well-developed reports he had seen in all his years reviewing relocation work. I tend to put a similar amount of effort into the communication side for all clients, and like to think that my work product is solid. Boy I wish I had that one in writing!

Clients 52

Clients Appraisal Contracts Business 52

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. Does this seem healthy to you?

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 78

Appraisal Tenants Investors Business 78

Birmingham Appraisal

FEBRUARY 8, 2023

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. It seems that Fanniemae and the lending industry have hopped onto this bandwagon and they are dragging and pulling appraisers along with them.

Realtors 80

Realtors Appraisal Market Value Real Estate Agent 80

Simonson Real Estate

OCTOBER 23, 2020

COVID-19 Market Analysis – Insights and Impact Analysis. The client should be clear that the assessment is performed at a point in time and that the market value opinion is – as of a specific date – the effective date. What are Banks Lending On? Key Language in Letter of Transmittal. to 7.75%. .

Appraisal 143

Appraisal Retail Tenants Real Estate 143

Birmingham Appraisal

FEBRUARY 20, 2024

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. The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it.

Agents 89

Agents Appraisal Real Estate Agent Bracketing 89

McKissock

JUNE 8, 2021

In this case, he was also the client. He ordered appraisals from three different appraisers, and the purchase price was to be the average of the three value opinions. She threatened to turn me in to the State because she said: “It’s against the law for two different appraisers to have different value opinions.”

Appraisal 73

Appraisal Contracts Clients Law 73

Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. 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. What is a Mortgage Appraisal? Appraisal vs Home Inspection.

Appraisal 93

Appraisal Inspection Appraisal Process Real Estate Agent 93

Birmingham Appraisal

AUGUST 2, 2023

A licensed appraiser demonstrates commitment and accountability to their clients and the industry. Specialization in your specific market Real estate markets, like the Birmingham area I work in, can be multifaceted, with each neighborhood having its unique characteristics.

Appraisal 73

Appraisal Agents Valuation Real Estate 73

Simonson Real Estate

JUNE 10, 2020

This means their work is done and they can rest easy while feeling confident that the appraisal report supports the market value conclusion. Within just the past month, several clients completed appraisal reviews with no feedback for us (picture the appraiser saying YES with a silent fist bump!). Bottom Line. Contact him today!

Real Estate 148

Real Estate Appraisal Clients Valuation 148

Realvals

JUNE 18, 2023

In the first scenario, an appraisal gives you an objective perspective on the property’s value to ensure that you don’t overpay for your new home. I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. The appraisal gives them peace of mind in either case.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Cleveland Appraisal Blog

MARCH 18, 2021

My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal. My research and analysis showed that the buyer was about to spend a much higher price than the true market value of this home. We’ve all heard of predatory lending. Is it worthy of belief? .

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Appraisal Investors Buyers Market Value 195

Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. But if for lending, it might be rejected on review by GSE computers or humans.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Genworth MI Blog

JUNE 27, 2019

This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. The Truth in Lending Act (TILA) contains rules addressing appraiser independence. Market value has some key elements that we must understand.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. The Truth in Lending Act (TILA) contains rules addressing appraiser independence. Market value has some key elements that we must understand.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Realtor

AUGUST 1, 2018

. “But for the first few years, a buyer is paying mostly interest rather than principal, so the loan amount doesn’t go down for quite a while,” says Robert Harris , owner and mortgage consultant at All in One Lending. Department of Housing and Urban Development. You can’t buy just any house with an FHA loan.

Inspection 136

Inspection Insurance Buyers Renovations 136

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?”

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. – Work on getting a more positive attitude toward your clients, fees, etc.

Appraisal 75

Appraisal Contracts Legal Business 75

Realtor

AUGUST 1, 2018

. “But for the first few years, a buyer is paying mostly interest rather than principal, so the loan amount doesn’t go down for quite a while,” says Robert Harris , owner and mortgage consultant at All in One Lending. Department of Housing and Urban Development. You can’t buy just any house with an FHA loan.

Inspection 78

Inspection Insurance Buyers Renovations 78

Clear Capital

SEPTEMBER 29, 2021

” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon. And so Ribbon offers a suite of tools and technologies for real estate agents to use with their clients, to help them manage and write offers in unique new ways. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Buyers 69