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. Additionally, appraisers are only qualified to comment on the observed condition of a property.

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Inspection Appraisal Marketing Appraisal Process 78

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.

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Sellers Real Estate Appraisal Appraisal Process 78

Appraisal Today

MAY 17, 2024

With the plethora of data available today, could an appraiser living hundreds or even thousands of miles away gain sufficient knowledge of local market conditions, trends, and regulations to produce accurate and reliable appraisals? The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.86

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Tools Appraisal Renovations Design 52

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.

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Appraisal Process Real Estate Appraisal Renovations 78

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

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Appraisal Inspection Modernization Business 70

Birmingham Appraisal

SEPTEMBER 26, 2023

Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area. Appraisal Challenges: Listings that were priced using outlier sales can pose challenges during the appraisal process. If you liked this post subscribe by email (or RSS feed ).

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Real Estate Agent Real Estate Clients Agents 86

Birmingham Appraisal

APRIL 11, 2023

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.

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Realtors Bracketing Agents Buyers 85

Listing Spark

OCTOBER 9, 2023

For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. Homeowners choose this route to save on commission fees and maintain greater control over the sales process. What is For Sale By Owner? Consulting with an attorney can help ensure compliance.

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Real Estate Agent Legal Real Estate Agents 36

D Fritz Appraisals

AUGUST 12, 2019

Understanding the differences between an appraisal and an inspection will help you understand when you might need one or the other – or both – before you buy your first home. Let’s explore the similarities and differences between a home inspection and a home appraisal. What Is a Home Appraisal?

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Inspection Appraisal Real Estate Property Appraisal 94

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. To read more, including 80+ appraiser comments, click here I read all the comments.

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Appraisal Training Inspection Real Estate 87

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? Some people confuse a real estate appraisal with a home inspection.

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

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

OCTOBER 6, 2023

All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. You can also purchase a linked digital version of the eUSPAP and Guidance and Reference Manual and get seamless access across both documents.

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Appraisal Contracts Real Estate Mortgage 78

The People's Appraisal Blog

JANUARY 30, 2019

They were installed as the “Middle Man” between appraisers and lenders to help insure Appraiser independence and manage the appraisal ordering process. So referring back, one AMC had a surety bond in NC that was for $25,000. Notice how Agents is in Bold? I’ll explain shortly. Some don’t.

Appraisal 36

Appraisal Agents Law Real Estate 36

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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Valuation Business Buyers Market Value 147

The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. What Does the Probate Process Look Like?

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Real Estate Appraisal Legal Valuation 133

Padove Appraisal Service

JANUARY 11, 2019

In short, any reliable valuation of a home requires the expertise of a local appraiser. A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae). If you are purchasing a house, this is not acceptable.

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Appraisal Inspection Buyers Valuation 78

Housing Wire

JANUARY 11, 2022

Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I Petersburg, Florida-based appraiser Francois “Frank” Gregoire. “I I was extremely upset that any of that stuff would be in an appraisal report.”.

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Appraisal Training Real Estate Appraisal Process 392

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Appraisal Valuation Inspection Law 365

Clear Capital

JANUARY 5, 2023

Unfortunately, they also resulted in a disproportionate benefit to white families and furthered neighborhood segregation under policies referred to as redlining. While the issue of bias in the appraisal process is not new, the regulatory scrutiny and efforts to address underlying systemic reasons are just now coming to bear.

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Appraisal Modernization Valuation Appraisal Process 69