Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Appraisal Buzz

FEBRUARY 7, 2022

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. Appraisal Labels.

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Appraisal Inspection Development Technology 435

Listing Spark

MARCH 18, 2024

In modern practices, there are plenty of online tools homeowners can use to navigate the market, negotiate deals, and successfully sell their homes without hiring a real estate agent. 6 Tools That Make Modern FSBOs Easier to Manage The internet is full of useful tools and services that are designed to support FSBO sales.

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Modernization Tools Open Houses Real Estate 36

Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

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Appraisal Inspection Real Estate Agent Training 68

Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? I am still messed up from the time change last Sunday. = By Dallas T.

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Clear Capital

SEPTEMBER 13, 2023

Well, with the introduction of inspection-based appraisal waivers to the market, you can! This blog post discusses what an inspection-based appraisal waiver is, how these programs benefit underwriters, and how you can easily get started with these programs to streamline and expedite your underwriting.

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Appraisal Inspection Modernization Valuation 36

GoForrmz

JANUARY 19, 2024

GoFormz provides digital forms that are powered by a suite of features, modernizing the way the world collects information. For example, when an employee records an issue, the mobile form can then dynamically present follow-up questions. Businesses are leaving traditional paperwork behind and looking for more effective processes.

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Design Modernization Inspection Tools 78

Cleveland Appraisal Blog

JUNE 23, 2022

A more modern system will make you feel much safer. When you are not at home, you can turn on and off the lights in the house to give the impression that someone is present. Robbers will presume you are present if you leave some lights on while you are away. Therefore, this is one job that you should hand over to a professional.

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Appraisal Inspection Architecture Modernization 221

Housing Wire

JULY 1, 2021

The kitchen is also one of the areas that is commonly in need of modernization, from outdated appliances to antiquated cabinet styles. That being said, we look at certain items on our inspections that play into the final valuation depending on the home.”. Sponsored content presented by Citibank, N.A. NMLS #412915.

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Renovations Appraisal Valuation Investing 414

Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. predictable scheduling, no weather delays, ease of inspection, etc.). Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. can work at night).

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Construction Loan Officers Training Lending 148

DataMaster

FEBRUARY 3, 2021

The RFI contains 4 components: The Uniform Appraisal Dataset (UAD) and the design of appraisal forms Automated Valuation Models (AVMs) and appraisal waivers Valuation differences by borrower and neighborhood ethnic makeup Appraisal modernization. Appraisal Modernization. The Detractors. Some disagree with the overhaul.

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Appraisal Process Appraisal Modernization Training 78

Appraisal Today

JANUARY 5, 2024

Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft., Chance to really irritate annoying real estate salespeople.

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Appraisal Contracts Legal Business 76

Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. predictable scheduling, no weather delays, ease of inspection, etc.). Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. can work at night).

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Construction Loan Officers Training Lending 78

Birmingham Appraisal

AUGUST 30, 2023

Upgrades like modern kitchens, updated bathrooms, and smart home technology can potentially boost your home’s worth. If the lender has requested a hybrid appraisal the inspection may have been done by a non-appraiser who is not as qualified as the appraiser to make accurate observations.

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Appraisal Appraisal Process Renovations Market Value 79

AmeriMac

OCTOBER 1, 2021

In a pre-COVID world, it was common for appraisers to come out to a home and visually inspect both the inside and the outside. All of this will be presented in their final report submitted at the end of the process. Are Comp Photos That Important? From a certain perspective, comp photos are important – or at least, they were.

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Modernization Appraisal Real Estate Technology 36

AmeriMac

OCTOBER 1, 2021

In a pre-COVID world, it was common for appraisers to come out to a home and visually inspect both the inside and the outside. All of this will be presented in their final report submitted at the end of the process. Are Comp Photos That Important? From a certain perspective, comp photos are important – or at least, they were.

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Modernization Appraisal Real Estate Technology 36

AmeriMac

JANUARY 17, 2022

One of the great things about modern technology is that we’ve never had more information at our fingertips. They’ll physically inspect the property and look at a wide range of different characteristics. None of that would be reflected in the older listing, which is why a physical site inspection is so important.

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Appraisal Inspection Market Value Training 36

Walitt Solutions

JULY 28, 2019

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending.

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Appraisal Inspection Valuation Lending 28

Lamacchia Realty

JUNE 15, 2021

Another big issue with lead paint is that even if you paint over it with modern paint, the risk is not eliminated. It is federal law; the Property Transfer Lead Paint Notification must be presented before the sale of a home if it was built before 1978. It can still vaporize and be inhaled through non-lead-based paints.

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Buyers Law Landlords Tenants 74

Houston Properties

JULY 19, 2022

However, newer properties such as modern townhomes and Victorian mansions sit well with Sandalwood’s peaceful atmosphere. Despite its distance from inner Houston, all the amenities and modern comforts of city living are present in Sandalwood. This was the time when the conversion of lands to real estate is at an all-time high.

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Real Estate Agent Real Estate Realtors Agents 36

Appraisal Today

MARCH 8, 2024

By Peter Christensen Excerpts: Should “property data collectors” who inspect properties and provide information to real estate appraisers be licensed by state appraiser boards? The present bill also refers to requirements for data collectors established by the Appraiser Qualifications Board, which do not exist.

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Appraisal Contracts Real Estate Housing Market 83

Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. So, we learned an awful lot from that.”.

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Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Presented by: PCV Murcor. In these scenarios, no inspection or appraisal of any kind is performed on the property. Poor data visibility.

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PennyMac

OCTOBER 10, 2023

Once your appraiser compiles and analyzes all the information and data, they will present a final report of your home’s value. Thoroughly inspect safety equipment like smoke alarms, carbon monoxide alarms and home security systems. What Do Home Appraisers Look For? Downsizing or packing for a long-distance move?

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Appraisal Real Estate Agent Renovations Home Value 69

Appraisal Buzz

MARCH 28, 2022

The appraiser’s duty of care is to present factual information about the property that they are appraising. How the appraiser obtains their measurements is often dictated by the circumstances that present themselves when in the field. to assist with presenting accurate measurement representations. Appraiser Responsibility.

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Appraisal Tools Clients Technology 370

Appraisal Today

SEPTEMBER 23, 2022

House Passes VA Appraisal Modernization Legislation. This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. Click here for more info! Too much sometimes.” Definitely a conflict.

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Appraisal Marketing Business Contracts 52

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. A desktop appraisal , also known as an appraisal without an onsite inspection, is a faster way to complete an appraisal for a home loan. But what is a desktop appraisal, how does it work, and how does it compare to a full appraisal? What is a desktop appraisal?

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Valuation Appraisal Inspection Appraisal Process 69

Appraisal Today

JUNE 17, 2022

No inspections or appraisals? Excerpts: the 14,500-square-foot modern home where almost every room offers an excellent view. To read more about the past, present, and future of appraising in the June 2022 issue, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. New homes – what is happening?

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Appraisal Contracts Real Estate Mortgage 52

GoForrmz

JUNE 20, 2022

Thanks to the modernization of every industry, and as technology advances, we will likely see the number of lone workers rise. Identify the Risks Present You’ll never be able to remove or minimize the risks your employees face unless you fully identify them. ” — EHSToday, citing a TrackPlus survey.

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Training Technology Inspection Business 146

Housing Wire

AUGUST 29, 2022

When you look back during the pandemic, the appraiser community, they were the ones who risked their health, who risked their families’ health, going into strangers’ homes to do inspections. SW: We hear a lot these days about appraisal modernization. What does appraisal modernization mean to you?

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Modernization Appraisal Valuation Technology 370

Clear Capital

SEPTEMBER 21, 2021

As appraisal modernization and digitization initiatives take hold, it’s now more important than ever to standardize the calculation of a home’s gross living area (GLA). Figure 4 — When multiple open-to-below areas are present, all will be represented with a red area and separated from the living area. Reliability is key.

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Appraisal Appraisal Process Modernization Valuation 69

GoForrmz

DECEMBER 13, 2022

Here are just a few categories in which GoFormz was awarded Leader status: Mobile Forms Automation Online Form Builder Inspection Management Software. GoFormz’s no-code, drag-and-drop form builder presents users with the easiest-to-use platform for digital transformation. Why Choose GoFormz?

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Business Modernization Legal Inspection 29

Will Springer Realtor

MAY 13, 2024

This graphic – which you can click to expand – is presented every month, rotating among three home groups. Sorry, but last week the home found a buyer and is listed as Pending Inspection. April’s median price was 22% lower in Shoreline while 22% higher in Redmond. Prices in Kirkland surged 38% YoY while they were unchanged in Bellevue.

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HOA Transportation Construction Buyers 36

The Robert Weiler Company

NOVEMBER 10, 2021

As you may remember, the young Jedi-to-be is seen inspecting with dismay his recently chartered flight, the Millennium Falcon, for a speedy trip to the planet Alderaan. Not only that, but you want those transit links to be modern, well funded, and in high use. Otherwise, the proximity to these transit connections would be useless.

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Real Estate Retail Investing Tenants 78

Will Springer Realtor

MAY 9, 2022

Thankfully, the 2024 planned opening of Link light rail ’s East Link Extension to Bellevue and Redmond will present a viable option if living on the other side of Lake Washington. It’s how modern suburban living should be – the blending of residential and commercial areas – for people looking for everything within walking distance.

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Architecture Design Buyers Construction 36

Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. The home inspection took longer. Kenon Chen. It’s all for the podcast, everything we do. Jeff Allen. It’s all for the podcast. It’s going to be fun.

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Sellers Agents Real Estate Buyers 69