Remove 2001 Remove Clients Remove Contracts Remove Valuation
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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

which can relate to valuation. I remember meeting George Harrison shortly after I moved to San Antonio in 2001. He remembered me from Valuation 2000. I did my Appraisal Today National Conference from 2001 to 2006 and learned a lot about doing national appraisal conferences. To read the letter (PDF), click here.

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Fannie Mae: No Appraisals Required? 3-10-23

Appraisal Today

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Then forward that answer on to the client/AMC.

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Too many appraisers?

Appraisal Today

Here we consider how these “frictions” will behave as appraisal demand has dropped, just as each of the five forces have found ways to reduce or “eliminate” the need for valuation expertise. Recall the five forces of friction: practices, standards, education, regulation, and client expectation. Available to rent on Airbnb, of course.

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VA Update for Appraisers

Appraisal Today

Excerpts: …the United States Department of Veteran Affairs (VA), is known throughout the valuation community for respecting the work of appraisers and maintaining reasonable fee schedules. The questions: Fannie Mae and Freddie Mac are making desktop appraisals a permanent fixture in their valuation offerings. Highest and best use?

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NAR Appraisal Survey 2022

Appraisal Today

The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. Excerpts: Year Built: 2001. An appraiser can easily lose a lender client because they were low on an appraisal. The average contract interest rate for 5/1 ARMs increased to 5.36

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ChatGPT for Appraisers

Appraisal Today

Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. In valuation we can either go out further in distance for comps or go back in time in the immediate neighborhood. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.02

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SFR with ADU or Two Units?

Appraisal Today

I had never seen a Fannie form, so all types of clients were new. Unfortunately, most res appraisers are unwilling to try new clients where you decide what is in your appraisal reports and what you do in your appraisals. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.16