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Progress now or perfect later: Improving the appraisal process

Housing Wire

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. housing cannot be accomplished with a focus on appraisal alone.

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Opinion: A unified approach for reducing appraisal bias

Housing Wire

According to a study published by Oxford Academic Journals in 2020, modern appraisal techniques using sales comparisons and neighborhood comparisons actually perpetuate racial inequality, and in some cases exacerbate it, citing that the sales comparison approach preserves historical racial bias in today’s home values.

Appraisal 337
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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

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. This indicates that we cannot reject the role historic discrimination has played in the evaluation of home values.”.

Appraisal 292
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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

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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How to Avoid Hurting Your Home Appraisal: Cleaning, Updating & Fixing

Listing Spark

One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. What is the home appraisal process like? What hurts a home appraisal?