Appraisal Today

DECEMBER 1, 2023

Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! baths, 2,991 square feet, 0.34

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Appraisal Business Contracts Technology 89

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. It was unremarkable.

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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. EXCESS LAND.

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Appraisal Today

JANUARY 20, 2023

Top Ten Reasons Why It Is Great to be an Appraiser! Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Concessions increased over 30% in the previous quarter and the fourth quarter of 2021. This is national data.

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Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

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Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. For these buyers, the max effort has to be given to finding a seller motivation that's not tied to the contract process. At or above list price may be required Know cash is king.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Appraisal Construction Contracts Architecture 78

Lamacchia Realty

OCTOBER 6, 2021

You must hire an electrician and submit to your insurance agent a contract stating that the knob and tube wiring will be replaced within 60 days. They will come out and do an inspection prior to coverage, but the inspection is free of charge. April 8, 2021. April 8, 2021. Financing a Home with Knob and Tube Wiring.

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Eppraisal

OCTOBER 2, 2021

The real estate markets in 2020 and so far in 2021 have been like no other. Time on the market in August 2021 was down 12 days from last year. Your agent should know the real estate contract like the back of her hand. There are attorney, inspection, appraisal and financing contingencies to consider, to name a few.

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Eppraisal

APRIL 20, 2021

According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. According to an article on Realtor.com, there were 52% less homes on the market in March of 2021 than in March of 2020. Then comes the issue of the appraisal. A house has to appraise for the purchase price.

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Sellers Loan Officers Inventory Home Value 66

Hank Miller Team

NOVEMBER 4, 2022

No due diligence, inspections, finance, appraisal, survey…all waved. Betting it All The market over 2021-mid 2022 was unrealistic. In other words, experience in how to manage contracts and deals matters. As contingencies return, concessions are made or contracts are terminated. But at what cost?

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The Robert Weiler Company

NOVEMBER 9, 2022

As a full-service commercial real estate and appraisal firm with 85 years of experience, we’re here to help you achieve your goals. Ohio is said to be one of 10 “Top States for Business,” according to CNBC’s 2021 real estate forecast. billion of new commercial real estate construction contracts in 2021.

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Transportation Real Estate Supply Chain Investing 78

The Robert Weiler Company

MAY 14, 2021

It is a group of increasingly vibrant – “and growing” – individuals with many estate planning appraisal and real estate planning needs for multiple properties. How Are Real Estate Appraisals Related to Estate Planning? If there are commercial or residential properties, the probate process typically requires a real estate appraisal.

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Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” Similar numbers are expected in 2021 as more workers receive the COVID-19 vaccine and supply lines speed up. It’s like a horse race.

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Appraisal Today

NOVEMBER 20, 2022

Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. Excerpts: In the recent past, when appraisers were swamped. Even with the Collateral Underwriter program review, appraisers were overwhelmed. Failures to personally inspect and photograph comparables. .

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McKissock

APRIL 23, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.

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Listing Spark

SEPTEMBER 5, 2023

Ten percent of homes sold in 2021 were sold by their owners without a realtor. During this time, the buyer may have an option period where they can inspect the home and decide whether they want to stay in the contract. After you sign an offer, there’s typically a month-long period between that date and the close.

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McKissock

APRIL 25, 2023

Catered to real estate appraisers, agents, and other professionals, this monthly blog series helps you navigate the ever-evolving economic environment so you can make well-informed decisions to support your business and career success. economy could experience a contraction this year. Looking to upgrade your appraisal license?

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Real Estate Appraisal Contracts Construction 86

Appraisal Today

MAY 20, 2022

Excerpts: I called the listing agent on the property I was to appraise and asked if they knew how an appraiser might go about obtaining a floor plan (for my desktop appraisal). They ended up converting the assignment to a traditional type of appraisal so that I could just make the inspection myself. I am using it.

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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. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

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The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. As you may remember, the young Jedi-to-be is seen inspecting with dismay his recently chartered flight, the Millennium Falcon, for a speedy trip to the planet Alderaan.

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Clear Capital

JANUARY 5, 2023

“Many news stories tend to focus on the potential for an individual appraiser delivering a too-low estimate based on factors associated with the occupants instead of the home. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny. But the reality is more nuanced.”

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Appraisal Today

MAY 5, 2023

Fannie’s New Appraisal Online Formats By Brent Owen Excerpts: To Be Or Not To Be (a form), That Is The Question The first thing to notice is that the ‘form’ isn’t really a form anymore. It’s not the length of the report which is of ultimate importance, it is the time necessary to develop the appraisal that is key.

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