Housing Wire

APRIL 6, 2021

For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. The LO added that some people get gifts to cover the appraisal gap while others are borrowing from retirement or brokerage accounts they didn’t want to touch because of the tax hit.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Birmingham Appraisal

FEBRUARY 20, 2024

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what.

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Agents Appraisal Real Estate Agent Bracketing 87

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Steps in the Appraisal Process.

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Genworth MI Blog

AUGUST 31, 2022

Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues. If you can’t account for condition and location in your appraisal, then you won’t have a credible one.

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Dart Appraisal

APRIL 30, 2021

Once the party or parties have signed the engagement letter or indicated acceptance of an appraisal order, the letter or correspondence to an appraiser serves as a contract. Ensuring that these details are correct at the beginning of the assignment helps to avoid costly and time-consuming misunderstandings later in the process.

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Contracts Appraisal Tips Appraisal Clients 69

Appraisal Today

JANUARY 5, 2024

2024 USPAP For Appraisers Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! – Work on getting a more positive attitude toward your clients, fees, etc. Pick one client to start with.

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Appraisal Contracts Legal Business 76

Eppraisal

NOVEMBER 12, 2021

Your buyer's mortgage lender is the appraiser's client so your buyer's bank or mortgage company orders the appraisal. The mortgage lender has financial interest in your home which your buyer is purchasing. That's why neither you nor your buyer is the appraiser's client.

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Appraisal Today

SEPTEMBER 23, 2022

Excerpts: … senior leaders at AMCs, lenders and the GSEs have noted that slower appraisal volume will favor those appraisers who can stay in communication with their clients and provide faster turn times. Number 1 for lenders (AMCs’ clients) has always been turn time. Are you doing VA appraisals?

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Appraisal Marketing Business Contracts 52

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. Which is MOST important for building strong appraisal-client relationships? McKissock Survey.

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Simonson Real Estate

JULY 10, 2020

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What has your experience been navigating the appraisal process? Contact him today!

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Empire Appraisal Group

JULY 1, 2021

However, agents and brokers should never try to influence the appraiser, said Peter Gallo, owner and chief appraiser of HomeSight Appraisal in Charlotte, N.C. Don’t tell the appraiser your client needs a certain value, for example. How Multiple Offers Factor Into the Appraisal Process.

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Agents Appraisal Real Estate Realtors 78

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. On a more positive side, I have done thousands of drive by appraisals since 1986.

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Appraisal Training Inspection Real Estate 87

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. The goal of this article is to help lenders, banks reviewers and appraisers.

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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? Aloft is a start-up ‘appraisal company’ and a licensed AMC in Washington. Some appraisers are very busy, and others have little work.

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

APRIL 7, 2023

Communicating quickly with the lender is an issue with the appraisal process. NOTE: Please scroll down to read the other topics in this long blog post on ROVs, non-lender appraisals, appraisal business, unusual homes, mortgage origination stats, etc. == Amazing Guitar-Shaped House in Georgia Currently off market.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

AmeriMac

JULY 25, 2022

This article discusses what an appraisal requires, why it needs to be reviewed and the methods involved in arriving at both conclusions. What Is an Appraisal? An appraisal is the fair valuation of a property based on a professional’s opinion, mainly if the payment method includes a mortgage. Resolves Legal Conflict.

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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. Question 6: What is the overall commercial real estate appraisal process?

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Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Get the relevant date of value from the client or client’s attorney. acres of coastal land.

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Appraisal Contracts Training Architecture 81

Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? What if the home doesn’t appraise for the contract value? How Much Does An Appraisal Cost? Renegotiate the contract.

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Real Estate Appraisal Inspection Contracts 28

Appraisal Today

AUGUST 25, 2023

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! On Friday, NAR put out a notice asking appraisal members in the affected areas to alert their non-member colleagues.

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Appraisal Real Estate Agent Agents Real Estate 77

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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Appraisal Construction Contracts Architecture 78

Realvals

JULY 27, 2022

As a real estate appraiser in California, I often hear this question, and the answer is almost always the same. It’s the client who pays for the home appraisal. But who is the client you ask? Home appraisal process. The home appraisal process will differ depending on what you need the appraisal for.

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Appraisal Inspection Real Estate Buyers 78

Raleigh Realty

FEBRUARY 19, 2022

9 Things to Know BEFORE Your Home Appraisal Home appraisals. They can keep buyers up at night after going under contract on a home. With competitive bidding wars and home selling for large percentages over the asking price, it's no wonder everyone is concerned about the home appraisal. How much does a Home Appraisal Cost?

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The People's Appraisal Blog

JANUARY 30, 2019

” I am owed $20,000.00″ “I am owed $2000.00” “I am owed $500.00” “I am owed $1500.00” These are just some of the quotes pulled from various groups, message boards and forums from appraisers all over the country that are owed money for the appraisal services they provided.

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Appraisal Today

AUGUST 13, 2023

Appraisal Business Tips Humor for Appraisers Fannie: Words and Phrases in Appraisals Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! That’s why lenders will always need experienced field appraisers. percent from one week earlier WASHINGTON, D.C.

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Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. There were no foreclosure sales needing appraisals!

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Insurance Appraisal Contracts Mortgage 79

Clear Capital

DECEMBER 21, 2022

As an appraisal quality leader and former field appraiser, I know firsthand that working in the real estate appraisal industry can be a wild ride. Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. .

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Appraisal Bracketing Clients Market Value 69

Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. was was sort of the gap there of appraisals coming in low, in comparison. Sellers always prefer a cash offer over a mortgage-backed offer.

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Sellers Agents Real Estate Buyers 69

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Estate/trust appraisal liability advice from Peter Christensen. To read more, click here. The 10 U.S.

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