Aedis Appraisals

JUNE 13, 2017

So, if you happen to be interested in getting a real estate appraisal in Toronto , for instance, feel free to use this article as an introductory guide to understanding the ins and outs of the modern appraisal process. What Is an Appraisal and When Do I Need One? How Does the Process Work?

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Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

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Movoto

MAY 29, 2024

During standard home sales, earnest money comes into play around the time a home goes under contract. It shouldn’t affect the core of a home-buying budget , but the earnest money amount needs to be available for a home to proceed to the “in-contract” phase in the month leading up to closing. What is Earnest Money?

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Appraisal Hub

FEBRUARY 15, 2024

Commercial Appraisals, on the other hand, delve into properties used for business purposes, including office buildings, retail shops, industrial sites, farm, and apartment complexes with five or more units. Comparative Market Analysis (CMA): For residential properties, appraisers look at recent sales of similar homes in the area.

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Cleveland Appraisal Blog

MAY 26, 2023

The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital property appraised. But the owner felt that a real estate agent could do the same type of valuation as an appraiser.

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Housing Wire

NOVEMBER 30, 2021

The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4%

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Appraisal Buzz

APRIL 15, 2024

The new data set is all encompassing for every property type (residential) that were traditionally divided into 12 separate forms. The appraiser will be led through a process, defined by the scope of work. This scope of work is determined by the type of property and the characteristics of the property.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. A property data collector may well have unconscious biases unleashed by a photo of a Black family on the wall.

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The Robert Weiler Company

SEPTEMBER 16, 2021

And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Residential vs. Commercial Property Appraisal and Their Differing Review Process. o Federal Housing Authority (FHA).

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Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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Housing Wire

DECEMBER 14, 2021

Freddie Mac, the lone agency that has published research on the phenomenon, found that in minority neighborhoods, the appraised value was more likely to fall short of the contracted sales price. HUD has declined to say how complaints of appraisal bias it has received, citing pending investigations.

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Housing Wire

AUGUST 22, 2022

However, the couple was “shocked” when they were informed by loanDepot’s loan officer that Lanham, who conducted the appraisal, valued their home for only $472,000. loanDepot contracted 20/20 Valuations and after the appraisal, the lender said it would not extend the loan.

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Housing Wire

APRIL 8, 2021

Consider an appraisal gap: Adding an appraisal gap to your offer tells the seller that even if the property appraises for less than the purchase price in the contract, you are committing a preset dollar amount to making up the shortfall. In high-demand areas, escalation clauses should be considered.

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Appraisal Buzz

MAY 24, 2021

Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. These properties are not for owner occupancy. However, things aren’t always as straightforward as they seem. Challenges often arise in how professionals figure out the overall value of multifamily homes.

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Realtor

DECEMBER 4, 2019

Record the layout of the property, inspect the square footage, and determine whether or not it’s a single-family dwelling. If you’re buying commercial real estate, a property appraiser may conduct a business valuation to determine market value in much the same way. Who pays for the appraisal?

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Housing Wire

MAY 27, 2022

Fannie Mae’s “Appraising the Appraisal” study comparing appraisals to automated valuation model (AVM) data for refinance transactions found that Black borrowers received slightly lower appraisal values relative to AVMs, while white borrowers received slightly higher appraisals.

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McKissock

DECEMBER 14, 2021

Property appraisers don’t dictate what the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection. On the way he needed to drop off an appraisal report to a lender client.

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Birmingham Appraisal

FEBRUARY 13, 2024

A pending sale where the borrower is approved with financing and the property appraises for the contract amount and is just waiting to close is much better than one that just went under contract yesterday. The charts below have been provided by Redfin , a national real estate brokerage.

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Clear Capital

FEBRUARY 23, 2024

When the subject property is a shared equity property A lender should specify in the appraisal order whether the subject property is a shared equity property. The contract will also likely reference a second document, either a deed restriction or a ground lease.

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McKissock

DECEMBER 4, 2020

I feel I can help appraisers write better, more supported reports by sharing my experiences and expertise.” ” “Appraisers who don’t do their ‘homework’ do a disservice to their clients. Experience as a contract review appraiser quickly revealed when appraisal research was lacking. Other (19%).

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Mashvisor

SEPTEMBER 30, 2021

These conditions in the contract specify when a buyer can back out without penalty. Thus property sellers… Contingencies are commonplace in real estate transactions, but they could derail a sale.

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D Fritz Appraisals

AUGUST 12, 2019

Understanding the differences between an appraisal and an inspection will help you understand when you might need one or the other – or both – before you buy your first home. Let’s explore the similarities and differences between a home inspection and a home appraisal. What Is a Home Appraisal?

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Realtor

DECEMBER 4, 2019

Record the layout of the property, inspect the square footage, and determine whether or not it’s a single-family dwelling. If you’re buying commercial real estate, a property appraiser may conduct a business valuation to determine market value in much the same way. Who pays for the appraisal?

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Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

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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. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.77

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Chicagoland Appraisal Blog

JULY 13, 2017

Now I know what you might be thinking, appraisers don’t accept this kind of information in fear of being influenced. Let me clear up a misconception, you can provide information to the appraiser. We are required to analyze the contract and where do you think contract analysis begins? Why was this offer selected?

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McKissock

JULY 29, 2020

Appraisers should continue to use the current URAR form for these assignments. Bradley, SRA, CDEI is the Director of Online Appraisal Curriculum for McKissock Learning. He has been a practicing real property appraiser since 1987, and has been instructing and authoring appraisal courses since 1992.

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Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” USPAP and the Contract. My Comments on Market Changes.

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The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

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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.

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McKissock

SEPTEMBER 15, 2020

Failure to disclose appraisal assistance. Failure to disclose significant real property appraisal assistance is another common violation. States often see this when a trainee or assistant applies to become a licensed or certified appraiser, and they submit their appraisal log to be reviewed by the state agency.

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Appraisal Today

DECEMBER 8, 2023

When to Get Property Appraised When Someone Dies? Excerpts: An appraisal can be useful in several ways. Sometimes the value of the asset is unknown, and an appraisal can help a family make decisions about the future. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.98

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Appraisal Today

JANUARY 20, 2023

An excellent way to get more appraisal business! Excerpt: An example of how Google Business Profiles work Recently, a woman called about getting a 4-unit Alameda property appraised, as one of the owners wants to sell his interest in the family-owned property. How to get a FREE Google Business Profile. percent from 6.42

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Birmingham Appraisal

DECEMBER 19, 2023

When it does go under contract and the lender orders the appraisal it will probably appraise for below contract price. In looking at this from another perspective, appraisers also need to communicate with agents about a listing of theirs that we may be using in another appraisal.

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PennyMac

JANUARY 2, 2024

It differs from a typical rate lock since you lock in the rate while shopping for a house—with the intention that you’ll find one in the next 60 days or so—and lock the rate once you go under contract. A BuyerReady Certification is Pennymac’s unique loan certification process that can tell you the mortgage amount you could qualify for.

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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.

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Magnusson Group

MAY 11, 2021

appeared first on Magnusson Group | Estate Sale | Personal Property Appraisal | NJ. To view it please enter your password below: Password: The post Protected: Cryptomania and NFTs and Beeple, Oh My!

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