Appraisal Today

SEPTEMBER 22, 2023

An AMC can offer different levels to their clients, depending on how much reliability their lender customers want or need. I never had more than one assistant and no appraisers after that, and finally quit doing lender residential appraisals in 2005. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.62

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Appraisal Today

FEBRUARY 3, 2023

I quit doing residential lender appraisals in 2005. I had good clients but did not like the dramatic volume changes. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.19 The average contract interest rate for 5/1 ARMs decreased to 5.38

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Appraisal Today

FEBRUARY 24, 2023

Those appraisers who built strong relationships with their AMC and lender clients, who returned phone calls promptly, never “went dark” with their clients, always turned their assignments in on time (or early) — they are the ones who are still getting orders even when times are slow. In the early 1990s, my market crashed.

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Appraisal Today

NOVEMBER 25, 2022

Appraisers’ Heavy Loads USPAP, GSEs, Public Trust, Protect the Client by Tim Andersen, MAI Interesting comments from Tim. No changes to the form itself since 2005. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.67 Not what you would expect!

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Appraisal Today

APRIL 12, 2024

Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value. 40 acre lot, Built in 2005 “The village of Highlands is some of the most expensive real estate in the Carolinas,” Jackson (listing agent) says. “It baths, 14,450 sq.ft.,

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Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. If I survived this, you can survive also!

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Appraisal Today

AUGUST 12, 2022

I quit doing residential lender appraisals in 2005. For the last year, 40% of my legal work has been occupied by issues concerning alleged discrimination – balanced between representing parties in fair housing investigations and helping clients improve compliance and decrease risk. They have gone downhill since 2008. percent from 5.43

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Appraisal Today

SEPTEMBER 17, 2022

Excerpts: When adjusted for inflation, lot values are now close to the record levels of the housing boom of 2005-2006 when half of lots were valued over $43,000, which is equivalent to about $57,800 when converted into inflation-adjusted 2021 dollars. Which are your best current and former AMC/lender clients? Lot values up.

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Lamacchia Realty

DECEMBER 28, 2021

For Massachusetts, I had predicted in my 2021 Predictions that it would be the biggest year for overall home sales since 2005 and even though the final numbers aren’t in yet, it looks like my prediction will be right on. It’s not just about how to protect the client with MLS disclosures and contingencies in the contract.

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Appraisal Today

DECEMBER 9, 2022

I did this sometimes in appraisals for a local bank ;> Your clients hate them also. 31% of women and 27% of men signed up for Social Security at age 62 in 2018, down from around 54% of women and 50% of men in 2005, according to Social Security Administration data. The average contract interest rate for 5/1 ARMs increased to 5.59

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Will Springer Realtor

DECEMBER 14, 2021

Even in the housing bubble of 2005, prices rose “only” 12% nationally.) Nine of the homes are under contract, as of this writing. Scott CEO Lennox Scott said he is always thinking about how to improve the client experience. forecast gain 12 months from now. A more conservative NAR says home prices will experience 2.8%

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Appraisal Today

MAY 27, 2022

Trying to use the 2005 URAR form is sometimes like trying to put a square peg in a round hole! VA is the best lender client. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.46 The average contract interest rate for 5/1 ARMs increased to 4.49

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