Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

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Housing Wire

JUNE 11, 2021

Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete. The process can take even longer if the buyer or seller requests a second appraisal. However, once the appraiser is at the home, it’s generally about five business days,” Masseria estimates.

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McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! agents to appraisers and vice versa.”

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Housing Wire

APRIL 6, 2021

Why use several vendors for title searches, appraisals and underwriting when you can use one? Presented by: Altisource. “I I disputed the appraisal with three more comps along with receipts of all the upgrades over $25,000 and he still refused to adjust the value,” she said. Streamline by combining services. million,” he added.

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Housing Wire

JUNE 11, 2021

Purchase originations require enhanced communication with clients and typically take longer to reach the finish line. Continuing in the theme of closing loans faster, Rocket Pro TPO has also recently launched an appraisal fee guarantee for its broker partners. It can be a frustrating experience for the broker and for the client.”.

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Housing Wire

AUGUST 30, 2022

Some studies suggest the number of active appraisers is steadily declining by an average of 2.6% There are additional concerns around addressing the risk presented with natural disasters. We evolve with our partners providing solutions our clients expect while keeping our eye firmly fixed on possible future needs they may demand.

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Housing Wire

DECEMBER 29, 2020

Mandatory Analytics provides our investor clients with transparency, allowing them to identify where execution efforts are succeeding, where they are losing to the market, and why,” said Scott Happ, president, Black Knight secondary mortgage marketing technologies. Presented by: Maxwell.

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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. Lastly, the flood hazard status is shown.

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Appraisal Buzz

FEBRUARY 7, 2022

The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels. Prior to 2020, the most common appraisal label in the mortgage origination ecosystem was the Full Appraisal.

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Appraisal Buzz

JANUARY 24, 2022

I hold an SRA and AI-RRS, I am an AQB Certified USPAP Instructor, and I also provide valuation, education, and compliance services to various types of clients. Thus, it’s an opportunity for appraisers to step up and fulfill these Remote Desktop appraisals quickly and show how a fast turn time that is 5 days or less could happen every time.

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McKissock

OCTOBER 30, 2020

Appraisal Review: What a Bank Reviewer Wishes You Knew. What do bank reviewers and underwriters focus on when reviewing residential appraisals and why? Are you about to take your Appraisal Licensing and Certification exam and have knots in your stomach? Fannie Mae Q3 2020 Appraisal Update. Understanding Mutual Funds.

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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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AmeriMac

MAY 15, 2024

In this blog, we will delve into the world of relocation appraisals and explore their importance in the relocation industry. We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process.

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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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Eppraisal

NOVEMBER 12, 2021

Who Orders the Appraisal? Your buyer's mortgage lender is the appraiser's client so your buyer's bank or mortgage company orders the appraisal. That's why neither you nor your buyer is the appraiser's client. You should ask your agent to be present at the appraisal.

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McKissock

JULY 20, 2021

So right from the start, in at least 30 states that license home inspectors, the property inspection you make for the purposes of developing an appraisal should not be confused with a home inspection completed by a home inspector, because you are not licensed as home inspector and you were not hired by the client to complete a home inspection.

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Appraisal Buzz

SEPTEMBER 5, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”.

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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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AmeriMac

JULY 25, 2022

A desk review can be used to ascertain if the data used in the appraisal was relevant and correctly applied. However, a desk review can not verify the accuracy of the data presented in the report. The authenticity of the appraisal is measured per the USPAP guidelines. Reinforces Clients’ Confidence. Field Review.

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Appraisal Today

JANUARY 5, 2024

– Work on getting a more positive attitude toward your clients, fees, etc. Pick one client to start with. – Attend a meeting of a local appraisal group. – Attend a local, regional, or national appraisal conference. . – Set up your Google business profile. Set the date(s).

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Housing Wire

DECEMBER 29, 2022

This starts with origination innovation such as the use of “credentialed” bank statements to measure the ability to pay and includes enhancements to property valuation such as 3D scanning to deliver more precision and automation to the appraisal process. They have framed policy in a lens to move the needle on the homeownership gap.

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Walitt Solutions

JULY 28, 2019

Is this so-called “new” process new at all? During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending. The appraiser relies on a non-appraiser to measure and collect subject property data.

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The Robert Weiler Company

SEPTEMBER 16, 2021

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. Residential vs. Commercial Property Appraisal and Their Differing Review Process.

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Simonson Real Estate

JUNE 22, 2020

Americans have had to learn to live, work, educate their children, recreate, shop and otherwise transact business—all while social-distancing, self-isolating and not being physically present. Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work.

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Simonson Real Estate

SEPTEMBER 25, 2020

Americans have had to learn to live, work, educate their children, recreate, shop and otherwise transact business—all while social-distancing, self-isolating and not being physically present. Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work.

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Raleigh Realty

FEBRUARY 19, 2022

If minimal water damage appears on your appraisal report, you may be able to repair the problem on your own to put the buyer at ease. How to Prepare for a Home Appraisal Homeowners can take several steps to prepare for a home appraisal and providing the appraiser with the information necessary can help expedite the appraisal process.

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Housing Wire

APRIL 27, 2021

When all required data input fields are completed, the data file is delivered to the lenders, same as it is today, and the data fields are formatted and presented in a manner that a “form” is printable or can be turned into a PDF so that the appraisal can be viewed.

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The Robert Weiler Company

APRIL 20, 2021

As such, our experts at The Robert Weiler Company have put together this business valuation ‘questions and answers’ overview to offer more clarity behind the business appraisal process. The appraiser must refer to the company’s past net earnings performance and process that figure by capitalizing this number to a present value.

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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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Birmingham Appraisal

MAY 2, 2023

A Closer Look at The Retrospective Appraisal During the estate and tax planning process, one of the key concerns that clients often have is minimizing the tax burden on the heirs of an estate. In addition, the appraiser will analyze and study the market conditions that were present as of the effective date of value.

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Appraisal Today

AUGUST 13, 2023

PAVE Response and Marcia Fudge by Dave Towne Excerpts: Folks, the American Enterprise Institute Housing Center has been, to date, the only major voice in the wilderness I’ve seen publicly defending appraisers and the appraisal process.

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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.

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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. You could have, on any given home, you can have five different appraisers show up to the home and end up with five completely different valuations.

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