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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete. The process can take even longer if the buyer or seller requests a second appraisal. However, once the appraiser is at the home, it’s generally about five business days,” Masseria estimates.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

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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12 Types of Expert Witness Assignments for Appraisers

McKissock

Others will simply rely on a previous appraisal and call the appraiser to testify about it. Here are twelve types of expert witness assignments for appraisers. How are divorce appraisals different from standard mortgage lending appraisals? Tax appeal. Insurance claims. Condemnation. Bankruptcy.

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Mastering How to Order a Home Appraisal Quickly

AmeriMac

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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Mortgage Term Glossary

Assurance Financial

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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How To Appraise Rural Properties

Appraisal Today

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. In contrast to Value Acceptance, most homeowners are familiar with Mass Appraisal, the approach commonly employed by County Assessors for property tax purposes.

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26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Beyond these most common scenarios, appraisals have numerous other use cases. Estate planning, property tax appeals, divorces, and gifting, are some of the many others.

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