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Decoding Property Appraisal for REO Properties

AmeriMac

Real Estate-Owned (REO) properties are distressed homes acquired by lenders after failed auctions. Sold below market value, they often require significant repairs. These properties are typically owned by banks or government agencies, aiming to sell them quickly to recover losses.

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5 Things To Consider When Getting A Hybrid Appraisal

Birmingham Appraisal

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. The data collection is done by a third-party data collector, who could be a real estate agent or someone else. What Is A Hybrid Appraisal?

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What is a Hybrid Appraisal?

Robinson Appraisal Group

However, a hybrid appraisal includes an exterior observation of the property, sometimes including an interior inspection by a third-party: this third party inspection could be done by a real estate agent, a property inspector or even another real estate appraiser.

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2024 USPAP For Appraisers

Appraisal Today

It was my favorite class as we could focus on issues in our current market. and “Are we getting the most probable value?” in context of a comprehensive database of property characteristics and market transactions. Next month’s newsletter will have a lengthy article on the issues of the property inspector.