Simonson Real Estate

SEPTEMBER 16, 2021

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.

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Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.

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Cleveland Appraisal Blog

AUGUST 25, 2022

Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. This should include repairing any structural damage or major systems before you think about design. Cleveland Appraisal Blog offers a wealth of free information on every aspect of the appraisal process.

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Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.

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Birmingham Appraisal

AUGUST 2, 2023

Education and Qualifications Beyond the basic licensing requirements, top-tier appraisers often pursue additional education and professional designations to enhance their skills and knowledge. Look for appraisers who hold designations such as the SRA ( Senior Residential Appraiser from The Appraisal Institute ).

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Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.

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AmeriMac

SEPTEMBER 30, 2023

This blog post will explore the importance of relocation appraisal and its purpose and approach. We’ll also discuss how it differs from mortgage appraisal, specifically designed to facilitate mortgage lending. Sometimes, the employer offers employees a guaranteed buyout to expedite the process.

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Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. We applaud this move and are dedicated to supporting lenders in the adoption of 1004 Desktop appraisals.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

To make this determination, the appraiser must first determine the Highest and Best Use of the land. To help the public to realize that our work as appraisers, is not as simple as many who are not appraisers, say it is, or how simple things may look on paper. REMAINING ECONOMIC LIFE FOR LENDING PURPOSES.

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D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

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McKissock

JANUARY 22, 2021

Take a deep dive into bifurcated appraisals with our new CE course: Best Practices for Completing Bifurcated and Hybrid Appraisals. Appraisers are regularly told by proponents of bifurcated and hybrid appraisals that the segregated work model is designed so that the signing appraiser can complete the valuation in less than 60 minutes.

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Clear Capital

DECEMBER 6, 2022

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. Inspecting properties of all different shapes, sizes, and designs appeals to my creative side, the side that loves real estate and design.

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Appraisal Buzz

SEPTEMBER 5, 2022

It took several years to re-establish effective and meaningful communication between appraisers and their lending partners. Users will re-engage the appraiser once they attain a level of confidence in that professional’s ability. Is there room for more improvement? Technologies are moving fast.

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McKissock

JULY 20, 2021

The root of many misconceptions about the appraisal inspection is the word “inspection” itself. Can an appraisal inspection substitute a home inspection? An appraisal inspection should not be used as a substitute for a home inspection. Appraisals and home inspections have differing clients and intended uses.

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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. This kept appraisers busy.

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AmeriMac

DECEMBER 15, 2021

The process is not perfect, however – which is where issues like appraisal creep begin to come into play. The Situation With Appraisal Creep: An Overview. It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question.

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AmeriMac

DECEMBER 15, 2021

The process is not perfect, however – which is where issues like appraisal creep begin to come into play. The Situation With Appraisal Creep: An Overview. It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question.

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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!!

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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 3: What is a commercial appraisal used for?

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Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I have confirmed changes at THREE different AMCs: CoreLogic is laying off all W-2 ‘staff’ appraisers, and most of the staff administering those folks.

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AmeriMac

FEBRUARY 28, 2022

No buyer wants to significantly overpay for a piece of property and no financial institution wants to lend them the money in order to do so. Therefore, the appraisal process becomes a key way to prevent that from happening. What Are Commercial Appraisal Services?

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AmeriMac

FEBRUARY 28, 2022

No buyer wants to significantly overpay for a piece of property and no financial institution wants to lend them the money in order to do so. Therefore, the appraisal process becomes a key way to prevent that from happening. What Are Commercial Appraisal Services?

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Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . Our mortgage glossary can help you better understand the terminology you’re likely to hear or read as you go through the loan application and homebuying process. Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process.

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. She designed more than 700 buildings in California during a long and prolific career. Yes, appraisers do this.

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Housing Wire

APRIL 27, 2021

The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. In many of those reviewed, there is a strong desire to keep appraisals and appraisers as key components of the mortgage lending process.

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Appraisal Today

AUGUST 25, 2023

It’s designed to mimic a tree growing with the branches and the roots down on the bottom, with the branches reaching up,” Steeves-Haith explains. On Friday, NAR put out a notice asking appraisal members in the affected areas to alert their non-member colleagues. Never be dependent on the ups and downs of lending again!

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Appraisal Today

APRIL 12, 2024

But if for lending, it might be rejected on review by GSE computers or humans. It is written for real estate agents and has general information on appraisal at the beginning. Why Doesn’t Anyone Want Tulsa’s Frank Lloyd Wright-Designed Home? I had never seen anything written about this situation. Excerpts: 5 bedrooms, 4.5

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Clear Capital

APRIL 21, 2021

“Clear Capital’s valuation products will help us expand our reach and serve our client base more effectively by allowing us to ultimately deliver the tools lenders, appraisal management companies, and appraisers need to better serve their own customers.”. ” ###. For more information, visit AppraisalVision.com. Media Contact.

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Realvals

JUNE 18, 2023

The appraisal helps in establishing the loan-to-value (LTV) ratio. The LTV is a percentage that represents the amount of money to lend compared to the value of the home. As a property owner, you should be aware of the appraisal process during this acquisition.

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McKissock

FEBRUARY 25, 2022

Approach to the appraisal process. Appraisal specializations. ” Related reading: 8 Characteristics of a Successful Real Estate Appraiser. Approach to the appraisal process. Very efficient throughout every process.” ” “I have been in the appraisal business for 33 years.

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Appraisal Today

OCTOBER 6, 2023

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. It shows a fundamental lack of understanding of what appraisers do.

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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.” Jeff Allen. It’s all for the podcast.

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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. The importance of this cannot be overstated. Is there room for more improvement?

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