Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. The answer is, Yes! Nothing wrong with that.

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Appraisal Today

FEBRUARY 24, 2023

What Level Appraiser Are You? What is the mark of an appraiser who is at the top of his or her “game”? For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? A Level 1 appraiser checks boxes.

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Appraisal Today

FEBRUARY 23, 2024

I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. I appraise a lot of 2-4 units and regularly go to other neighborhoods for comps. Not for me!

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Listing Spark

MARCH 15, 2022

Here are a few tips on how to avoid hurting your home appraisal: What is a home appraisal? Home appraisals are a method by which an appraiser reviews a home and compares them to homes in a specific neighborhood to determine their fair market price. What hurts a home appraisal?

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Eppraisal

JUNE 1, 2021

List your home for sale on the market one minute, and the next you're likely fielding offers. Gay Cororaton, the Research Economist for the National Association of Realtors states, "On average, there were four offers per home sold (closed) in February 2021." Home values are rising because of this.

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Eppraisal

MAY 12, 2021

According to Zillow.com the average home value will rise as high as 13.5% by mid-2021 and end up 10.5% Buyers are even using escalation clauses with their offers to purchase a home. The homes they buy must appraise if they are obtaining a home loan.

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Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

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Eppraisal

OCTOBER 2, 2021

The real estate markets in 2020 and so far in 2021 have been like no other. The demand for homes has been and is still high, as eager buyers rush to new listings and submit offers quickly. Home prices continue to increase and sellers are reaping the rewards of quick sales. You are likely to receive multiple offers on your home.

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Lamacchia Realty

FEBRUARY 21, 2023

A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. It is not an appraisal and can’t be used in place of an appraisal.” -via via Zillow.com Are Zestimate’s Worth Looking At?

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Appraisal Today

DECEMBER 9, 2022

How to Reduce Appraisal Revision Requests. Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. If you disagree with the request for appraisal submissions or have concerns or need clarification, please reach out for clarification.

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Appraisal Buzz

AUGUST 29, 2022

A significant indirect influence comes with the infrastructure bill signed into law in November 2021. In the past few years, home prices have risen to the point where we are in another housing crisis. Home prices continued to rise by over 20% between the spring of 2021 and the spring of 2022. Appraisals.

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Listing Spark

OCTOBER 13, 2022

How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? The Austin market has cooled down significantly since 2021 and early 2022. How to vet real estate agents as a seller.

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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. There were no foreclosure sales needing appraisals!

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Empire Appraisal Group

SEPTEMBER 16, 2021

Sales of existing homes rose 1.5% And the number of contracts signed to buy homes, a leading indicator of final sales, has fallen for two straight months. Nearly a quarter of all existing home sales in July were all-cash sales, up from 16% a year earlier. Copyright 2021 The Associated Press. All rights reserved.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue. Both GSEs argue that these approaches advance equity.

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Housing Wire

MAY 27, 2022

By combining the power of emerging technologies like artificial intelligence (AI) and machine learning (ML) with a true commitment to diversity at every stage of the valuation chain, we can build a consciously unbiased appraisal system that delivers more equitable and accurate conclusions.

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Quicken Loans

APRIL 7, 2021

Rocket Companies’ Home Value Index. According to data from Rocket Companies, home values based on appraisals were up 1.17% for the month and 9.04% annually. Pending Home Sales Index. The number of homes under contract for sale in February was down 10.6% Copyright 2021 Econoday, Inc.

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