Appraiserblogs

APRIL 25, 2023

Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years. Their latest twist is to re-categorize many appraisers as “Unlicensed Data Collectors.”

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Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. Buying a home can be a confusing process, however, I hope that you have been able to surround yourself with knowledgable professionals who can help you navigate your first home purchase and make it an enjoyable experience. What is a Mortgage Appraisal?

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Appraiserblogs

DECEMBER 17, 2021

Here are some items for appraisers to consider when using the ANSI standard Measurements. Related Posts: Is ANSI for Appraisers Really the Answer? Two Measurement Standards: ANSI vs. AMS Are you really following the ANSI ® home measurement standard? Every week I talk to appraisers in different….

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Realtor

FEBRUARY 11, 2021

marchmeena29/Getty Images It’s a big question with no easy answer: Should you keep renting, or is it time to think about buying a home? Before you get too deep in daydreaming about your new home, reach out to a lender to see if you qualify for a loan. If you qualify for a mortgage, buying a home might be a good next step.

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Property Taxes Inspection Landlords Renovations 218

McKissock

AUGUST 26, 2022

While a small number of real estate appraisers (e.g., review appraisers) may spend their entire workday in an office sitting at a computer, most split their time between the office and the field. Are you a new or prospective appraiser curious about what your workday might look like? Comments and tips from appraisers.

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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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Cleveland Appraisal Blog

JANUARY 7, 2021

Now, instead of a car, think about something of value in a home, like a bathroom, or a garage. A home with two bathrooms may be very desirable in an area. However, what if a home has four bathrooms, when two bathrooms is more than sufficient? CONSIDERING LAND IN THE APPRAISAL PROCESS. That is how value works.

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Appraisal Buzz

MAY 31, 2021

A husband and wife requested a bank appraisal to refinance their Jacksonville, Florida home. Only the wife was at home to greet the appraiser when they arrived to inspect her home. When the couple received the final appraisal report of their home’s value, they were shocked!

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AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. This post will cover everything you need to know about REO appraisals. We will start with the definition and purpose of these appraisals, followed by how they work, the factors considered in them, and preparing for an appraisal.

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Cleveland Appraisal Blog

JANUARY 21, 2021

When performing an appraisal observation, appraisers must look for settlement issues and report on them. What constitutes a structural vs. non-structural crack? Structural cracks indicate that there is something is happening with the structure of the home, as the name implies. Settlement cracks! STRUCTURAL. Yes indeed!

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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. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

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McKissock

MARCH 8, 2022

In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. In various articles and opinion pieces, some claim that desktop appraisals will solve the appraiser shortage and modernize the appraisal process, while others claim that they will cause the demise of the appraisal profession.

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Appraisal Inspection Real Estate Agent Technology 88

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. How Do I Get Ready for the Appraisal on My House?

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Realvals

OCTOBER 27, 2017

And no they aren’t restricted appraisal reports. Desktop appraisals! What is a desktop appraisal? Separate the two words and you get “desktop” and “appraisal.” A desktop appraisal is an appraisal that is done at a desk, without leaving the desk. So what am I talking about?

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Realtor

FEBRUARY 11, 2021

marchmeena29/Getty Images It’s a big question with no easy answer: Should you keep renting, or is it time to think about buying a home? Before you get too deep in daydreaming about your new home, reach out to a lender to see if you qualify for a loan. If you qualify for a mortgage, buying a home might be a good next step.

Property Taxes 78

Property Taxes Inspection Landlords Renovations 78

Rowe Appraisal Group

MAY 6, 2020

Often before a property is purchased using a loan from a mortgage company, it must be appraised and inspected. Many homeowners confuse the appraisal inspection and the home inspection and ask me what the difference is. Different End Goals: Value vs. Condition. Appraisal?? Inspection.

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Rowe Appraisal Group

MAY 6, 2020

Often before a property is purchased using a loan from a mortgage company, it must be appraised and inspected. Many homeowners confuse the appraisal inspection and the home inspection and ask me what the difference is. A Home Inspector’s main objective is determining the condition. Just kidding!

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McKissock

SEPTEMBER 6, 2021

First-time home buyers often feel uneasy and don’t know how often they should call their agent. Additionally, provide full contact information for any surveys, pest inspections, or home inspections. This review compared the three leading programs: Dotloop vs. SkySlope vs. DocuSign.

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Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals.

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Lamacchia Realty

SEPTEMBER 20, 2023

For additional details on closing costs when buying visit our blog How Much Money Do I Need in Order to Buy a Home? Closing Costs in Connecticut Closing costs in Connecticut are very similar to New Hampshire, as the sellers can usually expect to pay 8%-10% of the home’s final sale price, and buyers cover 2%-5%.

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Listing Spark

OCTOBER 9, 2023

Are you considering selling your home without the assistance of a real estate agent? For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. You set the price, decide how to market your home, and negotiate directly with buyers. If so, you’re not alone.

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AmeriMac

JANUARY 17, 2022

You can type in any address you want and in a few quick seconds pull up information about the home, see pictures from recent listings and even find its current value… right? Zillow does have a “Zestimate” feature that attempts to estimate what any given home is currently worth. What Is an Appraisal?

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PennyMac

JANUARY 2, 2024

Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely. Home renovation projects of all types are on the rise. It depends.

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McKissock

AUGUST 21, 2020

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client. Reporting requirements.

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D Fritz Appraisals

OCTOBER 22, 2019

What to Look for in a Home Appraisal Company. Looking for a Home Appraisal Company in Victoria, BC? In any of these situations, a property appraisal company can help, and it will be up to you to hire the right company for the job. So, when it’s up to you, how do you know what property appraisal company to hire?

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McKissock

SEPTEMBER 28, 2021

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?” .”

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Appraisal Today

SEPTEMBER 30, 2022

Killed by Carbon Monoxide: Appraiser Blamed. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. CO Detector vs Smoke Alarm. Humor for Appraisers. You may save someone’s life!!

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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. I will say the north side tends to have a slightly larger square footage than the south side (same with west vs east), which is something to consider when we compare stats. baths, 2,991 square feet, 0.34

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Lamacchia Realty

AUGUST 12, 2021

Whether you’re planning on living in your fixer-upper once the project is complete or are interested in flipping and selling, the process of purchasing a fixer-upper is a little different than the traditional home buying process. FIXER-UPPERS 101. What is a Fixer-Upper? This will help you prioritize the budgets and timeline for each project.

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Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. The typical appraiser reports a 40-mile radius in which they conduct appraisals. While agents can “puff” we cannot!

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Appraisal Today

JANUARY 13, 2023

Appraiser Scam – Be Careful! Posted Jan 5 on National Appraisers Forum. This was also posted in the 100% Appraisers group on FaceBook as happening to others. Last week, I received a text from “Master Chief Robert Roy” requesting an appraisal for a cash purchase. Appraisal Business Tips .

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Appraisal Today

SEPTEMBER 23, 2022

Excerpts: Commentary from a (Ryan) appraisal: Here is a bit of commentary in one of my recent appraisal reports. Okay, one last thing about size: During the beginning of the pandemic there was a blatant spike in home size due to a greater focus on larger homes at higher prices. By Ryan Lundquist. by Isaac Peck, Editor.

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PennyMac

APRIL 2, 2020

It’s normal to feel intimidated and even confused by the home buying process. Whether you’re looking to buy your first home or haven’t bought a home in a long time and want a refresher, here are 10 simple steps that will get you through the home purchase process. when you find your dream home.

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PennyMac

JULY 25, 2022

They turn the title over to you, with the agreement that you will pay them back for the full purchase of the home, along with interest. Your debt-to-income ratio (DTI) is the comparison between how much recurring monthly debt you carry vs. your monthly gross income. Click here to see current rates and learn more about FHA home loans.

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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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Appraisal Buzz

DECEMBER 13, 2021

R ising material prices alone are adding tens of thousands of dollars to the cost of a new home, but what other factors have arisen within these last few months? ” We sat down with Greg Stephens, coordinator of this webinar with Metro-West Appraisal Company, to learn more about this free upcoming webinar.

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Appraisal Hub

FEBRUARY 15, 2024

Real estate appraisal, whether residential or commercial, is a critical component in the valuation of property assets. In Toronto, a city with a vibrant and diverse real estate market, the distinction between residential and commercial appraisals is particularly significant. At Appraisal Hub Inc.,

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