Housing Wire

SEPTEMBER 9, 2021

United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals. During a Facebook Live address, Ishbia proclaimed that while AMCs add value to the industry, appraisals have been a stumbling block for the mortgage industry.

Appraisal 450

Appraisal Valuation Appraisal Process Contracts 450

Housing Wire

JANUARY 26, 2022

Instead, UWM said that it would offer appraisals in-house , contracting with appraisers directly, which would allow appraisers and brokers to bypass appraisal management companies. Sponsored Video.

Appraisal 384

Appraisal Real Estate Agent Real Estate Appraisal Process 384

Housing Wire

JUNE 11, 2021

If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. Should the appraisal come in lower than the contract price, the closing process may be impacted. The process can take even longer if the buyer or seller requests a second appraisal.

Inspection 432

Inspection Appraisal Buyers Appraisal Process 432

AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

Housing Wire

SEPTEMBER 23, 2021

9 that it will no longer require its brokers to use appraisal management companies to complete appraisals. The lender will instead coordinate appraisals in-house, contracting with appraisers directly, offering appraisers and brokers a way to bypass AMCs altogether, which UWM CEO Mat Ishbia characterizes as “middlemen.”.

Valuation 379

Valuation Technology Appraisal Modernization 379

AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

Appraisal Process 28

Appraisal Process Appraisal Sellers Buyers 28

Empire Appraisal Group

NOVEMBER 3, 2022

Forty-seven percent of real estate professionals say they have had a transaction fall through due to a problem in the appraisal process, according to the National Association of REALTORS®’ 2022 Appraisal Survey.

Appraisal 78

Appraisal Legal Appraisal Process Real Estate 78

Appraisal Buzz

DECEMBER 27, 2021

There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Some people argue that improper appraisals are skewing the system and contributing to industry bias.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through.

Clients 425

Clients Real Estate Inspection Buyers 425

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! ” “To answer the phone when an appraiser calls.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Appraisal Buzz

JUNE 6, 2022

They have that much variance in what they demand of the appraisal process. But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal. That contract or agreement you make when you accept a job is critical.

Clients 221

Clients Appraisal Appraisal Process Inspection 221

Appraisal Buzz

APRIL 15, 2024

Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

Appraisal 397

Appraisal Design Lending Technology 397

Birmingham Appraisal

AUGUST 23, 2023

Navigating Complex Properties: In cases of unique or complex properties, agents and appraisers collaborate to ensure accurate valuations. Navigating Negotiations with Confidence: Accurate appraisals empower agents to negotiate confidently, armed with objective valuations that are essential for reaching successful agreements.

Agents 82

Agents Appraisal Valuation Appraisal Process 82

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. PCV Murcor finds the best qualified independent appraisers based on geographical expertise and capability.

Clients 384

Clients Valuation Real Estate Appraisal 384

Birmingham Appraisal

FEBRUARY 20, 2024

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. 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.

Agents 86

Agents Appraisal Real Estate Agent Bracketing 86

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.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Riverfront Appraisals

SEPTEMBER 12, 2022

Have you ever had a listing that didn’t appraise for contract price? The home didn’t appraise for contract price, so the deal is dead, right? The post The Realtor’s Guide to Appraisals Part 9: Can a Realtor Challenge an Appraisal? Not at all!

Realtors 78

Realtors Appraisal Contracts Appraisal Process 78

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.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. How to respond to appraisal complaints and requests.

Appraisal 109

Appraisal Contracts Clients Marketing 109

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

Sellers 78

Sellers Real Estate Appraisal Appraisal Process 78

Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

Appraisal 410

Appraisal Inspection Real Estate Agent Training 410

Appraiserblogs

OCTOBER 31, 2022

What’s even more frustrating to me is none of the well-known appraiser organizations have offered any public rebuttal to any of these hit pieces, or explained how the appraisal process works as a way to defend appraisers… Census Tract data delineating RACE of the population is the only ammunition the people doing these hit pieces can use to attack (..)

Appraisal 112

Appraisal Appraisal Process Marketing Contracts 112

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.

Real Estate 83

Real Estate Appraisal Appraisal Process Construction 83

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!

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Padove Appraisal Service

FEBRUARY 27, 2023

The appraiser will also discuss the purpose of the appraisal such, estate planning, or tax purposes. The appraiser will explain the appraisal process and the methods used to estimate the property’s value. An estimate of the cost and timeline for the appraisal will be given during the consultation.

Appraisal 145

Appraisal Real Estate Real Estate Agent Legal 145

McKissock

OCTOBER 15, 2021

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP), now available online , comes with a first-of-its-kind reference manual designed to help you quickly find answers to your USPAP-related questions.

Appraisal 52

Appraisal Appraisal Process Contracts Design 52

East Coast Appraisal

JUNE 10, 2022

Lenders will usually require an appraisal to determine the value of the property before approving a mortgage loan. The appraisal process typically goes smoothly, but rapidly increasing property values and extreme competition within the real estate market have complicated the appraisal process in recent years.

Appraisal 52

Appraisal Appraisal Process Real Estate Sellers 52

Birmingham Appraisal

SEPTEMBER 15, 2022

As you can see, there are major differences between home appraisals and home inspections and both are very important. There are numerous steps in the appraisal process and it’s important to know each step involved. Steps in the Appraisal Process. What If The Appraisal Is Less Than The Contract?

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Birmingham Appraisal

DECEMBER 19, 2023

As always, if you have any questions about what I am discussing here or about the appraisal process in general feel free to contact me. Mistakes Real Estate Agents Need to Steer Clear Of 1) Not providing an information packet to the appraiser – An information packet is the easiest thing to share with the appraiser.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Appraisal 69

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.

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

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. An LO in Texas told HousingWire that the competition is intense where he is, and buyers are “doing extraordinary things,” which has changed deal structures. It’s made deals more challenging.

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

AmeriMac

MARCH 1, 2024

However, there are strategies to eliminate PMI, including getting an appraisal. This blog post explores private mortgage insurance, its impact on your mortgage, strategies to eliminate it, and the appraisal process. AmeriMac can assist you throughout the appraisal process for a smooth PMI removal journey.

Appraisal 36

Appraisal Insurance Appraisal Process Mortgage 36

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

JANUARY 19, 2024

Appraisers must, therefore, frame their response within the matrix of avoiding any of any and all types of biases, not merely racial biases. In addition, real estate appraisals must rid itself of the language and any practices that suggest bias in the appraisal process. percent from 6.81 percent from 6.98 percent from 6.56

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Appraisal Today

MARCH 15, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. These modern labels are often heralded as a cure-all for the perceived inefficiencies and biases of traditional mortgage appraisal processes. percent from 7.02 percent from 7.21

Appraisal 68

Appraisal Inspection Modernization Business 68