Housing Wire

JANUARY 11, 2022

President Biden tasked the Department of Housing and Urban Development with leading an interagency task force — of which FHFA is a member — to make policy recommendations to combat bias in appraisals. But even as federal regulators tackle the problem, it is still unclear how bias typically manifests in the appraisal process.

Appraisal 338

Appraisal Training Real Estate Appraisal Process 338

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.

Appraisal 353

Appraisal Valuation Technology Modernization 353

Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

Appraisal 403

Appraisal Inspection Real Estate Agent Training 403

McKissock

JULY 27, 2021

This year we’ve seen intense homebuyer competition nationwide, with a record-breaking number of homes selling above asking price in March 2021. As a real estate appraiser, you’ve likely encountered assignments in which the purchase price is not supported by the available comps. Careful comparable selection and analysis.

Appraisal 109

Appraisal Contracts Clients Marketing 109

Cleveland Appraisal Blog

JANUARY 7, 2021

Welcome to 2021! However, what if the car salesman said that the buyer would have to sign a contract stating that they could not resell the second car? CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. That is how value works.

Appraisal 344

Appraisal Legal Inspection Real Estate 344

Birmingham Appraisal

JULY 27, 2022

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. Sales in 2021 are the highest up to that point.

Buyers 90

Buyers Inventory Sellers Appraisal 90

Appraisal Today

JANUARY 19, 2024

Appraisers must, therefore, frame their response within the matrix of avoiding any of any and all types of biases, not merely racial biases. In addition, real estate appraisals must rid itself of the language and any practices that suggest bias in the appraisal process. percent from 6.81 percent from 6.98 percent from 6.56

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Appraisal Today

JANUARY 20, 2023

Concessions increased over 30% in the previous quarter and the fourth quarter of 2021. Excerpts: Appraisers, I recently sent out a message asking appraisers to send me three data points comparing borrower-paid appraisal cost, and average AMC paid assignment fees in October, November 2021 and the same months in 2022 – for SFR assignments.

Appraisal 52

Appraisal Contracts Sellers Business 52

Appraisal Today

APRIL 12, 2024

In 2021, local developer Stuart Price snapped up the five-bedroom, four-bath home for $2.5 To read more, Click Here To see the listing with 40 photos, Click Here My comments: Tricky appraisal! The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. There are many 2022 tax changes due primarily to expired 2021 pandemic laws and 2022 high inflation.

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Clear Capital

JANUARY 5, 2023

For the past few years — and amid movements around social injustice — conversations on the issue of bias in the appraisal process have been increasingly taking the spotlight as more homeowners stand up to tell their stories. The task force also proposed a set of policy changes to advance racial equity in the appraisal process.

Appraisal 69

Appraisal Modernization Valuation Appraisal Process 69

The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. When Should You Start the DOD Appraisal Process?

Real Estate 133

Real Estate Appraisal Legal Valuation 133

Walitt Solutions

MAY 24, 2020

” Let’s take a look at this issue in a bit more depth, starting with the definitions of “client” and “intended user” from the 2020-2021 edition of the Uniform Standards of Professional Appraisal Practice (USPAP): CLIENT : the party or parties (i.e., What difference does it make?

Clients 64

Clients Agents Appraisal Law 64

Listing Spark

MARCH 15, 2022

One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. What is the home appraisal process like? How to improve your appraised value. Love this list?

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.62

Appraisal 86

Appraisal Training Inspection Real Estate 86

Empire Appraisal Group

JULY 1, 2021

It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market. Good appraisers want as much information as they can get,” said Claire Aufrance, an appraiser and broker from Greensboro, N.C.,

Agents 78

Agents Appraisal Real Estate Realtors 78

Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. The average contract interest rate for 5/1 ARMs increased to 6.47

Insurance 79

Insurance Appraisal Contracts Mortgage 79