Housing Wire

FEBRUARY 8, 2022

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.

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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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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. Lenders and investors also rely on commercial appraisals to make informed decisions about financing and investments.

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East Coast Appraisal

SEPTEMBER 12, 2022

This insurance covers the risk of financing a mortgage with less equity from the buyer. Assuming your PMI agreement is eligible and your payments are current, you can move forward with the appraisal process to prove your loan-to-value ratio. . An appraisal might find that the house is now worth $250,000.

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AmeriMac

MAY 24, 2023

In this blog, we will dive deep into what commercial real estate appraisals entail, why they are so important, who conducts them, and how much they cost. We’ll also cover the different types of commercial properties that can be appraised, the overall appraisal process, and the accuracy of these appraisals.

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AmeriMac

APRIL 15, 2024

Understanding Home Appraisals A home appraisal is an official estimate of the fair market value of a home conducted by a licensed and impartial professional appraiser. The appraisal process involves gathering information about the home, the surrounding neighborhood, and recent nearby sales to determine the home’s value.

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Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Lenders, what’s in it for you?

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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? Value Scenarios.

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PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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AmeriMac

APRIL 30, 2023

Appraisals protect the lender’s interests and provide an accurate valuation of the property, which is essential during the home buying and selling process. Additionally, it can also give a homeowner insight on any repairs or renovations that could increase the property value before selling.

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Real Quantum

JANUARY 7, 2023

What is a Commercial Real Estate Appraisal? For everyone that might not be familiar, here is a quick explanation of the commercial real estate appraisal. Commercial Appraisal Process. Commercial real estate appraisal is the process of determining the value of a piece of commercial property.

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D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Renovation loan assessments.

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Dart Appraisal

APRIL 30, 2021

Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations. Planned renovations?

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AmeriMac

JUNE 14, 2021

Data that was gathered by the appraiser can be utilized to determine property values. These appraisals are often used to help financial institutions, brokers and lenders determine the amount of financing that can be leveraged against the property. Estimating value for a construction or renovation project. Conclusion.

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AmeriMac

JUNE 14, 2021

Data that was gathered by the appraiser can be utilized to determine property values. These appraisals are often used to help financial institutions, brokers and lenders determine the amount of financing that can be leveraged against the property. Estimating value for a construction or renovation project. Conclusion.

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AmeriMac

JUNE 14, 2021

Data that was gathered by the appraiser can be utilized to determine property values. These appraisals are often used to help financial institutions, brokers and lenders determine the amount of financing that can be leveraged against the property. Estimating value for a construction or renovation project. Conclusion.

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Housing Wire

JANUARY 19, 2022

To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

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Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Complexity in Process and Properties.

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AmeriMac

MAY 15, 2021

Some scientific factors that may come into play when it comes to an appraisal include: the square footage of the home or building. the amount of the requested financing. Meanwhile, there are also individual state requirements that appraisers must follow when determining the value of a property. The Art of Property Appraisals.

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AmeriMac

MAY 15, 2021

Some scientific factors that may come into play when it comes to an appraisal include: the square footage of the home or building. the amount of the requested financing. Meanwhile, there are also individual state requirements that appraisers must follow when determining the value of a property. The Art of Property Appraisals.

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AmeriMac

MAY 15, 2021

Some scientific factors that may come into play when it comes to an appraisal include: the square footage of the home or building. the amount of the requested financing. Meanwhile, there are also individual state requirements that appraisers must follow when determining the value of a property. The Art of Property Appraisals.

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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? How much does it cost?

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Realvals

JUNE 18, 2023

Mortgage lenders require an appraisal as part of the loan application process. This helps them determine the loan-to-value ratio and assess the risk associated with financing the property. Unless you are paying all cash, it will be difficult to get a mortgage and finalize your home purchase without an appraisal.

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Quicken Loans

JUNE 10, 2021

Try not to take on additional debt during the house hunting process. Doing so while trying to buy a house at the same time could put your financing in jeopardy. The appraisal protects you and the lender by verifying the home is worth the price you’ve agreed to with the seller.

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Birmingham Appraisal

NOVEMBER 14, 2023

Agents are looking out for the best interests of their clients and always want to sell their houses for the highest amount possible, however, unless a buyer is paying cash and does not need financing they will need to obtain an appraisal. If you have any questions feel free to contact me, I’d be glad to speak with you.

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Realtor

DECEMBER 15, 2016

Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

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Realtor

DECEMBER 15, 2016

Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

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