article thumbnail

Preparing Your Home For an Appraisal

Eppraisal

Despite the super seller's market, appraisers are protecting the mortgage companies' interests. It hasn't been uncommon where homes haven't appraised for the prices on the real estate contracts this year. Appraisers are keeping a reign on how high prices will rise.

article thumbnail

The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. What Are the Best Practices for Choosing an Appraiser?

article thumbnail

2024 USPAP For Appraisers

Appraisal Today

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. It shows a fundamental lack of understanding of what appraisers do.