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Appraisals 101: What to Expect From the Home Appraisal Process

Raleigh Realty

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. Typically it is one of the last steps in the home-buying process. How Long Does an Appraisal Take? The appraisal process doesn't take long.

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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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Top 10 ways to get homebuyers to work with you

Housing Wire

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Should they consider new construction? Are they in a situation where they can compete for a home if necessary?

Clients 424
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Like it or not, desktop appraisals are here to stay

Housing Wire

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

Appraisal 370
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How Remaining Economic Life Works

Cleveland Appraisal Blog

To make this determination, the appraiser must first determine the Highest and Best Use of the land. They all have done their studies and have provided their analysis of what their data reflects the total economic life of a home to be based upon its quality of construction. As appraisers, we simply report the facts.

Appraisal 365
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Does the Home You Want To Buy Qualify for a USDA Loan? Here’s How To Tell

Realtor

While there is a lot of flexibility in the type of home that may be accepted for a USDA home loan—including condos , townhouses , and new construction —not all homes will qualify. The USDA home loan appraisal process To prove that a home meets the USDA’s criteria, all homes financed by USDA loans must undergo an appraisal.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

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. Value Scenarios. What is Market Value As Is and When is it Used?