Appraisal Today

APRIL 19, 2024

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers.

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Appraisal Contracts Valuation Design 67

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. Let's dive into all of the home buying resources you have when working for the government Our real estate company is based in the state capital of North Carolina, Raleigh.

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Appraisal Partners Blog

NOVEMBER 20, 2019

In truth, it is a procedure that can play an equally crucial role when looking to refinance or remortgage the property. As such, the importance of the home appraisal cannot be ignored at this time. The harsh reality is that a low valuation can limit your hopes of getting a good deal due to the loan-to-value ratio.

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Appraisal Valuation Home Improvement Development 78

Quicken Loans

JUNE 17, 2021

Did you know that paying cash rather than getting a mortgage could help you win a bidding war when buying a new home? You may even be able to negotiate a lower price on the home if you’re paying cash. The good news is you can get the best of both worlds with delayed financing, a cash-out refinance option for recent cash buyers.

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Finance Buyers Real Estate Investing 68

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? For example, are you competent to prepare an entire appraisal from start to finish? Are your legs shaking?

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Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes. We need a good Appraiser PR Campaign!

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PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. If the home fails to sell at auction to a third party, possession typically passes to the lender and it becomes a Real Estate Owned (REO) property.

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Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It was shared by four nearby homes. Hybrid appraisal survey ).

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PennyMac

JUNE 28, 2022

Home equity is one of the main benefits of owning a home. Renting puts money into a landlord’s pocket, but owning a home helps you increase the value of your investment over time. When you do build home equity, it opens up cash-out options that can be used for home improvements, paying off debt or other projects.

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Home Improvement Contracts Renovations Mortgage 36

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. 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? Are your legs shaking? It’s your choice which level you choose to pursue.

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Appraisal Law Contracts Business 79

Appraisal Today

SEPTEMBER 8, 2023

Problems When Appraising Airbnb & VRBO Properties by Richard Hagar, SRA Excerpts: Residential appraisers are being asked to appraise these properties, along with their elevated income, as “typical” residential properties. He is one of my go-to appraisers for these types of issues. But is it really that simple?

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Appraisal Today

JANUARY 4, 2023

Appraisers Share Their Top Professional Goals for 2023. Prepare for retirement (12%). “I I would like to turn over my appraisal business to my daughter, who is certified.”. After 23 years in appraising, which was very beneficial for me and my customers, I’m preparing for retirement.”. Appraisal Business Tips .

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Appraisal Today

FEBRUARY 9, 2024

How do appraisers consider appliances? also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” By Daniel A.

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Appraisal Today

DECEMBER 23, 2022

Excerpts: The property to be appraised is atypical. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. Appraisal Business Tips .

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Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” Answers a lot of appraiser questions.

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Assurance Financial

JULY 23, 2021

Ready to take the first steps toward buying a home? If you’re going to finance your home purchase, one of the first things to do is figure out how to get a mortgage. You might have heard that getting a mortgage is a long and complicated process, with plenty of twists and turns along the way.

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Mortgage Real Estate Agent Government Loan Officers 74

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. Tier 1 appraisers have little to fear but tier 2 and 3 appraisers….

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Appraisal Today

FEBRUARY 2, 2024

The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. 2024 Updated UAD and URAR – What does It Mean for You?

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Appraisal Today

JUNE 24, 2022

Appraisals and Water Frontage. The moral of this story is that when you see open land between your subject property and the water, review ownership and the local building and zoning department’s comprehensive land use plan. Over time many homes along the waterfront, including mine, had non-permitted structures built over the water.

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Appraisal Contracts Mortgage Real Estate 52

Assurance Financial

NOVEMBER 9, 2021

Purchasing a new home is an exciting step in life and requires a lot of time, research and planning. Before signing the final papers, there are many factors to consider and scenarios to prepare for to secure your home financing solution. PMI is an additional payment on top of your standard monthly mortgage.

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Insurance Mortgage Home Value Finance 41

Appraisal Today

JULY 15, 2022

Debate on Appraising Short-Term Rentals. Excerpt: What can appraisers learn when it comes to short-term and long-term rentals? What role does an appraiser take when sorting between the two? What can appraisers learn when it comes to short-term and long-term rentals? This is not typical for a single family home.

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