Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? With these tools, appraisers can complete jobs in a fraction of the time and increase their capacity for new work.

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Appraisal Property Taxes Technology Valuation 391

AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Top 3 Tips to Shorten Your Home Appraisal Process.

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Appraisal Process Appraisal Property Taxes Buyers 28

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Even if I do not include my development of the Cost Approach in my report, I have it in my work file.

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Development Appraisal Market Value Valuation 342

Birmingham Appraisal

FEBRUARY 20, 2024

Understanding the Role of the Real Estate Appraiser When a home buyer finds a home they would like to purchase and have the need to obtain financing they will work with a lender. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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Agents Appraisal Real Estate Agent Bracketing 89

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. Agents rely on a CMA to develop an opinion of the price a home should be listed for.

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Agents Appraisal Renovations Development 378

Housing Wire

SEPTEMBER 23, 2021

Others don’t provide appraisers with accurate enough data. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. Incenter recognizes the complexity of the appraisal process.

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Appraisal Buzz

DECEMBER 27, 2021

As the appraisal gap widened, the CoreLogic Price Index rose as well, reaching 15% in May of this year. Meanwhile, buyers are plucking up homes left and right. More of them are willing to pay a premium price in a fast-moving market, and appraisers struggled to keep up, so the gap has remained quite wide throughout 2021.

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AmeriMac

MARCH 15, 2024

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. The Evolution and Purpose of Appraisal Management Companies Appraisal Management Companies (AMCs) have a relatively recent history in the real estate industry.

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Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

MAY 31, 2021

A simple mistake could drastically slow down the process and frustrate lenders, home buyers and sellers. And, the impact of the pandemic has complicated this process even further. Black Knight is the only company that offers end-to-end solutions across the real estate and mortgage life cycle,” Jabbour added.

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Inspection Valuation Real Estate Real Estate Agent 196

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. If there is high demand for properties in a particular area, it can lead to a higher appraisal value.

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AmeriMac

APRIL 30, 2024

Understanding the commercial appraisal process and the importance of trust in experienced and licensed commercial property appraisers is essential for anyone involved in commercial real estate transactions, whether it be buying, selling, or owning a commercial building.

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Appraisal Appraisal Process Valuation Real Estate 36

Cleveland Appraisal Blog

JUNE 25, 2021

Functional depreciation results when buyers pay less for a home, in comparison to other similar homes, because some aspect of it is less functional than other generally similar homes. One example may be a home that is located next to a major highway, or some undesirable location, for which buyers are paying less because of the location.

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Birmingham Appraisal

SEPTEMBER 15, 2022

If the bank uses a waiver it is still a good idea for the borrower to obtain an appraisal of their own to make sure that they are not paying more than the home is worth. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection.

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Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For buyers, it could mean a potential bargain. There is a difference.

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AmeriMac

JANUARY 30, 2024

The significance of Reverse Mortgage Appraisal In the context of reverse mortgages, a crucial aspect is ensuring that the property’s value aligns with the loan terms, making the reverse mortgage appraisal process significant. This professional and attentive approach guarantees the accuracy and reliability of the appraisal.

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The Robert Weiler Company

SEPTEMBER 18, 2022

Any loan for a property is based on the appraisal value. As a land buyer, owner, or seller, understanding the true market value of the real estate in question is important. But first, it’s important to understand what is a land appraisal, how it is appraised, the real estate appraisal process, and what to expect.

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AmeriMac

DECEMBER 30, 2023

Role of REO Appraisals in Real Estate Transactions In urban development and the real estate market, REO appraisals play a crucial role by providing the appraised value of homes and determining the sales price. Accurate appraisals are vital for facilitating smooth real estate transactions.

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Birmingham Appraisal

NOVEMBER 8, 2022

Because so many people have asked me, “What does a real estate appraisal include?” Appraisal Process. The appraisal process consists of the appraiser visiting the property to collect information to help them complete the report. Next, information about the neighborhood is provided.

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Housing Wire

DECEMBER 7, 2023

In addition to Massachusetts-approved, prelicensing courses and continuing education courses for MA and NH license renewals, New England Academy provides professional development courses for sales and management development in an online, multimedia format. out of 5 stars Rating: 4.5

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McKissock

MARCH 22, 2022

You must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. Assess the perceived value by buyers. Energy efficient improvements save homeowners—and potential buyers—money in the long run. Account for future savings.

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Empire Appraisal Group

JULY 1, 2021

“Good appraisers want as much information as they can get,” said Claire Aufrance, an appraiser and broker from Greensboro, N.C., who sits on the North Carolina Appraisal Board and the Appraisal Institute Board of Directors. How Multiple Offers Factor Into the Appraisal Process.

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Agents Appraisal Real Estate Realtors 78

Simonson Real Estate

JUNE 10, 2020

It’s the outcome we strive for following the appraisal process. As an appraiser, it means we nailed that sweet spot and produced an accurate appraisal. This is good for the buyer, the seller, the lender, and the appraiser. Reduced buyer demand can also impact pricing. Contact him today!

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Real Estate Appraisal Clients Valuation 148

Clear Capital

NOVEMBER 14, 2022

In addition, the time it takes to obtain an appraisal report can significantly impact borrowers. Buying or refinancing a house is stressful for home buyers, and “being able to rely on a timely valuation can make a big difference,” says Heather Khan, Senior Analyst of Quality Assurance at Clear Capital.

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D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

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Birmingham Appraisal

APRIL 11, 2023

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.

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McKissock

JULY 20, 2021

The licensing laws and regulations for home inspectors do not permit them to develop opinions of property value like appraisers do. A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser. An appraisal inspection should not be used as a substitute for a home inspection.

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Cleveland Appraisal Blog

MARCH 4, 2021

That usually appealing to many home buyers. We also develop the effective ages of comparable sales to derive a range of effective ages, which can help to further support our estimate of the effective age of the property we are appraising. Let’s think about a home that was just built and never lived in.

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The Robert Weiler Company

OCTOBER 21, 2022

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. The data is then analyzed and used to develop opinions of value.

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Real Estate Appraisal Property Appraisal Valuation 60

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

AmeriMac

JUNE 14, 2021

If you own an apartment building, office building, condominiums, industrial sites, shopping centers, or land that is up for sale, that property might be eligible for a commercial appraisal. You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. Income Capitalization Approach.

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Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JUNE 14, 2021

If you own an apartment building, office building, condominiums, industrial sites, shopping centers, or land that is up for sale, that property might be eligible for a commercial appraisal. You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. Income Capitalization Approach.

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Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JUNE 14, 2021

If you own an apartment building, office building, condominiums, industrial sites, shopping centers, or land that is up for sale, that property might be eligible for a commercial appraisal. You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. Income Capitalization Approach.

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Appraisal Real Estate Appraisal Process Valuation 36

Listing Spark

MARCH 15, 2022

These two appraisal types differ very little in how they are calculated. One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. Prep the surface properly.

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Appraisal Today

MARCH 15, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. Mass Appraisal is defined in the Homeowner’s Guide to Mass Appraisal as “the systematic appraisal of groups of properties as of a given date using standardized procedures and statistical testing.”

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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? Regarding our garage example, we might start with answering these types of questions: What have you observed about how buyer’s react to additional garages?

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines.

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Housing Wire

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before. Technology plays a big role.

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