Realvals

AUGUST 4, 2022

One of the most essential parts of any appraisal is the comparable properties that the appraiser chooses for the Sales Comparison Approach. This article will go into detail about the appraisal comparable guidelines used by appraisers and the exact characteristics that appraisers look for in comps.

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Appraisal Bracketing Real Estate Buyers 78

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “It’s a lot more than just pulling comps!”

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Real Estate Agent Real Estate Agents Appraisal 97

Cleveland Appraisal Blog

MARCH 3, 2022

There are straight stairs, L-shaped stairs, U-shaped stairs, spiral stairs, winder stairs, curved stairs, cantilever stairs, split staircases also known as bifurcated stairs (many appraisers dislike the term bifurcated… don’t ask), ladder stairs, and drop stairs. ANSI GUIDELINES. Can you figure out which one is which?

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Appraisal Finance Loan Officers Buyers 221

Housing Wire

NOVEMBER 18, 2020

HousingWire recently spoke with CoreLogic’s Chief Appraiser Shawn Telford about re-examining traditional appraisal workflows in light of the changes brought on by COVID-19. HousingWire: What changes have appraisers had to make to their workflows in light of social distancing and other COVID-related concerns?

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Inspection Valuation Appraisal Technology 384

Housing Wire

NOVEMBER 7, 2023

Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions.

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Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. For appraisals required to be Uniform Appraisal Dataset (UAD) compliant, you must indicate the type of sale for the transaction.

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Appraisal Real Estate Real Estate Agent Contracts 75

Appraisal Buzz

JUNE 7, 2021

I provide services to appraisers, banks, technology firms, education providers, appraisal management companies, and attorneys. For appraiser clients, we commonly focus on proactive practices, methods and support, investigations, use of assistants, workflow efficiency, and technology. Buzz : Why do AMCs need the training?

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Empire Appraisal Group

OCTOBER 5, 2023

What is a Date of Death Appraisal? A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. They must adhere to professional standards and guidelines.

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Appraisal Market Value Valuation Law 78

McKissock

OCTOBER 1, 2022

During the appraisal and appraisal report review processes, barndominiums require special consideration, given that they are typically unique to a subject neighborhood. These appraisals take more time and effort, therefore you should charge more for them. Here are five guidelines to follow when appraising barndominiums.

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Appraisal Design Market Value Buyers 85

Clear Capital

FEBRUARY 2, 2022

It’s an exciting time in the mortgage industry, especially for appraisals. Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. What are the benefits of 1004 Desktop appraisals?

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Modernization Appraisal Appraisal Process Inspection 69

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

FEBRUARY 15, 2024

A home appraisal is an essential step in the home buying or selling process. It provides an unbiased estimate of a property’s value based on various factors, including its condition, location, and comparable properties in the area. However, what happens after the initial appraisal is complete?

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Appraisal Sellers Market Value Valuation 36

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

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Real Estate Agent Real Estate Agents Reconsideration of Value 78

McKissock

JANUARY 19, 2023

According to the announcement, the revisions included “enhancements and revisions to existing guidelines and various technical edits.” The most significant of these revisions was the elimination of the requirement to include the 1004MC form as an attachment to the appraisal report.

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HOA Appraisal Design Marketing 117

Clear Capital

APRIL 30, 2024

In this second part, we’ll discuss how to meet interagency guidelines for property valuation while expediting underwriting by using ClearAVM + Property Condition Inspection (PCI). On average, a traditional appraisal takes one to two weeks and costs nearly $1,000.

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Valuation Inspection Lending Real Estate Agent 28

Clear Capital

NOVEMBER 28, 2023

Read on to discover what a loan repurchase is, how they happen, and how lenders can prevent them with improved appraisal review processes. Reviewing an appraisal is complex, making it easy for reviewers to miss the signs of a risky appraisal. Underwriters often perform manual appraisal reviews, which is an arduous process.

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Valuation Appraisal Tools Lending 36

Birmingham Appraisal

DECEMBER 19, 2023

While I cannot speak to most of those duties, or how to do them, I do have something that I would like to share regarding the pricing and appraisal part of their job. As always, if you have any questions about what I am discussing here or about the appraisal process in general feel free to contact me.

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Real Estate Agent Real Estate Agents Appraisal 69

Housing Wire

DECEMBER 29, 2020

According to Black Knight, investors will be able to compare pricing on all potential and actual investments and review competitive market trends at the monthly, weekly or daily level through the program. The tech solution giving community lenders an advantage.

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Mortgage Investors Technology Real Estate Agent 396

AmeriMac

NOVEMBER 30, 2023

Commercial Real Estate Appraisal is a crucial process that helps determine the value of commercial properties. In this blog, we will take you through everything you need about commercial real estate appraisal, from defining the term and understanding its importance to exploring the different types of commercial properties that are appraised.

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Appraisal Real Estate Appraisal Process Inspection 36

Real Quantum

JANUARY 11, 2023

How Accurate are Commercial Real Estate Appraisals? Commercial real estate appraisal accuracy can vary depending on a number of factors. For example, the qualifications and experience of the appraiser, the quality and quantity of comparable sales data available. Guidelines. Maximizing Accuracy. References.

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Real Estate Appraisal Appraisal Process Valuation 36

AmeriMac

AUGUST 17, 2023

Are you considering a reverse mortgage but unsure of what role appraisal plays? In this post, we will cover everything you need to know about reverse mortgage appraisal. Then, we will delve into the importance of appraisal in reverse mortgages and why lenders must determine the value of your home accurately.

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Mortgage Appraisal Appraisal Mortgage Renovations 36

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Appraisal Appraisal Process Renovations Market Value 79

Clear Capital

AUGUST 8, 2023

Through AURA, Clear Capital has created a more streamlined and approachable way to review and apply data to the appraisal and mortgage loan underwriting,” said Duane Andrews , CEO of Clear Capital. ClearPhoto significantly reduces time spent identifying any photo-related errors by instantly checking for property photos’ accuracy and quality.

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Appraisal Valuation Technology Tools 69

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

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Contracts Appraisal Sellers Buyers 98

Portland Appraisal Blog

APRIL 14, 2019

Streaking through the atmosphere is a meteor scientists have dubbed “the appraisal”; it came of out nowhere and impacts your deal at hypersonic velocity, obliterating it in an instance. If so, you’ve probably run through the five stages of grief: 1) Denial—there’s no way that idiot appraiser killed my deal! There must be some mistake.

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Appraisal Reconsideration of Value Agents Market Value 78

McKissock

MAY 6, 2022

When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. This information is critical so that you can compile a list of comparables. Some of the best construction cost data is compiled by you as you complete new construction appraisal assignments.

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Construction Appraisal Inspection Development 86

Cleveland Appraisal Blog

JANUARY 7, 2021

CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. We also must consider setback guidelines as well as the shape, size and topography of the land. I appraised some properties last year that demonstrate these two situations nicely.

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Appraisal Legal Inspection Real Estate 344

McKissock

FEBRUARY 1, 2022

As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States are certified general appraisers, also known as commercial appraisers. As a certified general appraiser, you will enjoy more stable fees, a higher income, and more choices in the assignments you decide to take on.

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Appraisal Real Property Real Estate Marketing 82

Genworth MI Blog

NOVEMBER 29, 2018

A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization. Limited appraiser availability. In 2008, Congress passed the Housing and Economic Reform Act.

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Appraisal Marketing Training Bracketing 78

Genworth MI Blog

NOVEMBER 29, 2018

A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization. Limited appraiser availability. In 2008, Congress passed the Housing and Economic Reform Act.

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Appraisal Marketing Training Bracketing 78

Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! That's where our home appraisal for PMI removal comes in. By getting a PMI removal appraisal and showing that your home has increased in value, you can show that you have the required equity to SAVE MONEY! This is where the appraisal process comes in.

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Appraisal Home Value Appraisal Process Insurance 98

McKissock

AUGUST 13, 2021

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.” Learn more in our free guide, The ROI of Professional Development for Appraisers.

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Contracts Appraisal Market Value Real Estate 64

Housing Wire

JANUARY 17, 2024

A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. The FHFA based its analysis on single-family housing data from the Uniform Appraisal Dataset (UAD), collected by Fannie Mae and Freddie Mac.

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Appraisal Contracts Finance Real Estate 466

Genworth MI Blog

JULY 13, 2023

Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. This is true for appraisals, too. Recent trends are surfacing, and more instances of hybrid appraisals are changing how appraisals are conducted.

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Appraisal Inspection HOA Real Estate 78

Clear Capital

NOVEMBER 14, 2022

How do you feel when an appraisal revision request pops up in your inbox in the morning? You already painstakingly checked your appraisal report the previous night before hitting ‘send’ and now you’re on your screen the next day, making revisions to the same report under a tight deadline! . How to prevent appraisal revision requests.

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Appraisal Lending Bracketing Appraisal Process 69

AmeriMac

APRIL 30, 2024

Commercial real estate appraisals are an integral part of buying or selling commercial properties. These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area.

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Appraisal Appraisal Process Valuation Real Estate 36

Birmingham Appraisal

AUGUST 2, 2023

A Guide to Selecting the Right Appraiser Selecting a real estate appraiser is a crucial decision that can significantly impact your financial transactions and investments. Certification and Licensing Appraisal standards and regulations are vital to maintaining the integrity of the profession.

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Appraisal Agents Valuation Real Estate 70