AmeriMac

NOVEMBER 30, 2023

Commercial Real Estate Appraisal is a crucial process that helps determine the value of commercial properties. It plays a significant role in several aspects, from buying and selling to lending purposes. Becoming a commercial appraiser requires appropriate education, training, experience, and certification.

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Appraisal Real Estate Appraisal Process Inspection 36

Raleigh Realty

FEBRUARY 19, 2022

Mortgage lenders will almost always require a home appraisal when buyers apply for a loan, as lenders want to ensure the buyer isn’t overpaying for the home. Mortgage lenders do not want to lend more money for a home than the home is worth. Provide what you can to the appraiser and they will work with the information provided.

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Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. 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.

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Agents Appraisal Real Estate Agent Bracketing 86

Clear Capital

NOVEMBER 14, 2022

Delays in responding to revision requests can have a serious impact on all lending parties during the review process. In a volatile market where interest rates are constantly changing, an appraised value can sometimes trigger a renegotiation. Do careful pre-inspection research. Reduce lengthy commentary.

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Clear Capital

DECEMBER 6, 2022

The unique aspect of appraising is the dualism of routine and variety. On the one hand, there is a systematic procedure to the appraisal process. Working the steps in the appraisal practice appeals to my analytical side. On the other hand, each property is a unique set of features and attributes.

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D Fritz Appraisals

OCTOBER 22, 2019

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. This is unlike when you’re buying a home and paying for a property appraisal to satisfy the bank lending you your mortgage – in this case the bank has a list of companies they work with).

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Appraisal Property Appraisal Real Estate Appraisal Process 78

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

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Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. 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!! Pick one client to start with.

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Appraisal Contracts Legal Business 76

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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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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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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Clear Capital

DECEMBER 21, 2022

A wise appraiser once said, “The sales grid is where all the magic happens.” However, we are seeing an increase in revision requests from our clients where appraisers have failed to properly report how the market-based adjustments were derived in the sales comparison approach. .

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Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. Source: Inc.

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Realvals

JUNE 18, 2023

In the first scenario, an appraisal gives you an objective perspective on the property’s value to ensure that you don’t overpay for your new home. I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. The appraisal gives them peace of mind in either case.

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McKissock

FEBRUARY 25, 2022

To help simplify things, we’ve organized the comments below into the following categories of ways to stand out from the competition: Client relations. Approach to the appraisal process. Appraisal specializations. Client relations. “I like to think it is my customer service, and client relations.”

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McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

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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. And that that paper is called, “Racial and ethnic valuation gaps in home purchase appraisals.” The home inspection took longer.

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