Housing Wire

JUNE 11, 2021

An appraisal is a valuation of a property by a third party. The buyer typically covers the cost of the appraisal. 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.

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Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

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D Fritz Appraisals

MARCH 16, 2022

Finally, you’ll need to speak to your insurance company. Switching from your current house insurance to rental insurance will likely increase your rates. This covers your building, but not your renters’ belongings – they would have to get their own renter’s insurance. . CAPM is a more comprehensive valuation model.

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AmeriMac

MARCH 1, 2024

Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. However, there are strategies to eliminate PMI, including getting an appraisal. This blog post explores private mortgage insurance, its impact on your mortgage, strategies to eliminate it, and the appraisal process.

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Housing Wire

NOVEMBER 8, 2021

A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

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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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Appraisal Buzz

MAY 9, 2022

It is no secret that log homes do not appraise well. The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? Many appraisers in urban areas like Chicago believe that the log home market is irrelevant and is not worth exploring.

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Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? That's where our home appraisal for PMI removal comes in. This appraisal blog post will explore how our Virginia home appraisal services can get you started on financial freedom.

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Genworth MI Blog

AUGUST 31, 2022

If no adequate comparable properties are found within the last year, then the appraiser may need to look at a different area or expand time parameters, adjusting for the location and/or market conditions. If you can’t account for condition and location in your appraisal, then you won’t have a credible one.

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Realtor

NOVEMBER 16, 2017

No mortgage insurance. Most conventional buyers have to pay private mortgage insurance if they put less than 20% down. FHA loans come with their own forms of mortgage insurance. But a VA loan waives that insurance requirement. Title insurance. Extra assistance with appraisals. Limited closing costs.

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Cleveland Appraisal Blog

NOVEMBER 3, 2022

You would be amazed at how little many know about the appraisal process. When people receive your monthly newsletter, it reminds them that we are still out there waiting to help others with our valuation services. Sometimes, we may have to do a little studying before writing on a particular topic. Write about what you do know.

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East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Private mortgage insurance safeguards lenders from borrowers who fail to keep up with payments.

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Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation.

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Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation.

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Realtor

NOVEMBER 16, 2017

No mortgage insurance. Most conventional buyers have to pay private mortgage insurance if they put less than 20% down. FHA loans come with their own forms of mortgage insurance. But a VA loan waives that insurance requirement. Title insurance. Extra assistance with appraisals. Limited closing costs.

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D Fritz Appraisals

OCTOBER 22, 2019

Fritz Appraisals is one of Victoria’s longest standing appraisal firms, with more than 40 years of experience in all aspects of the real estate industry in Victoria, BC. Likewise, use things like online reviews to help you decide on which company will be best at meeting your home appraisal needs. Word of Mouth Recommendations.

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The Robert Weiler Company

OCTOBER 21, 2022

To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. So, why do you need a commercial real estate appraisal?

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McKissock

OCTOBER 30, 2020

Years ago, it was hard work just to gather a few pieces of information to solve the valuation puzzle. The Appraisal Story: Writing Reports with Meaningful Content. Completing the appraisal process is only half the job. Just like any piece of technical writing, appraisal reports must contain certain required components.

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Birmingham Appraisal

SEPTEMBER 15, 2022

Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. As you can see, there are major differences between home appraisals and home inspections and both are very important. Conclusion.

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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Housing Wire

MARCH 31, 2022

A draft discussion bill circulated this week, sponsored by House Financial Services Chairperson Maxine Waters (D-CA), would strike the Appraisal Foundation , and replace it with an independent federal agency. That office would oversee fair lending supervision and examination procedures, as well as the consumer complaint process.

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AmeriMac

APRIL 15, 2023

In this blog, we will cover what a commercial real estate appraisal is, how it differs from residential appraisals and the different types of commercial real estate appraisals. We will also discuss the various factors that impact commercial real estate valuations.

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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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AmeriMac

JUNE 14, 2021

If you own an apartment building, office building, condominiums, industrial sites, shopping centers, or land that is up for sale, that property might be eligible for a commercial appraisal. You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. Conclusion.

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Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JUNE 14, 2021

If you own an apartment building, office building, condominiums, industrial sites, shopping centers, or land that is up for sale, that property might be eligible for a commercial appraisal. You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. Conclusion.

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Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JUNE 14, 2021

If you own an apartment building, office building, condominiums, industrial sites, shopping centers, or land that is up for sale, that property might be eligible for a commercial appraisal. You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. Conclusion.

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Appraisal Real Estate Appraisal Process Valuation 36

Housing Wire

JULY 9, 2021

So much of life radiates from both the location and the valuation of the house a family occupies. As mentioned, much is determined by the location and valuation of houses. Of these, one stands tall: valuation. We hear shocking stories of racial discrimination and a variety of other ills during the appraisal process.

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Empire Appraisal Group

JULY 1, 2021

“Good appraisers want as much information as they can get,” said Claire Aufrance, an appraiser and broker from Greensboro, N.C., who sits on the North Carolina Appraisal Board and the Appraisal Institute Board of Directors. How Multiple Offers Factor Into the Appraisal Process.

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Housing Wire

JANUARY 12, 2023

Department of Housing and Urban Development (HUD) has begun developing a process for borrowers seeking Federal Housing Administration (FHA) financing to request an appraisal review when they suspect racial bias. . “We The group created an action plan representing a wide-ranging set of equity reforms to the home appraisal process.

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Walitt Solutions

JULY 28, 2019

However, given current changes in the valuation space, nothing is further from the truth: valuation, specifically the collection of data that supports a valuation method, has never been one-size-fits-all. Is this so-called “new” process new at all?

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Appraiserblogs

JANUARY 17, 2023

For example, a homeowner who is in the process of refinancing their home with an FHA-insured mortgage can take steps to ensure that their appraisal is fair. 011 “HUD is committed to making the appraisal process fair nationwide. The post HUD ROV Process to Address ‘Appraisal Bias’ appeared on Appraisers Blogs.

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Realvals

JUNE 18, 2023

An appraisal can assist you in determining the value of real estate, personal items, and business interests. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries. This independent valuation helps divide assets and avoid disputes in the divorce proceedings.

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AmeriMac

MARCH 29, 2024

In this blog, we will explore everything you need to know about reverse mortgage appraisals, including the basics of how reverse mortgages work, the eligibility criteria for a reverse mortgage, the role of appraisals in the process, and the appraisal process itself. Let’s dive deeper into the details.

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The People's Appraisal Blog

JANUARY 30, 2019

However it wasn’t until the financial crash of 2008 that they became a permanent fixture in the Real Estate Process due to the HVCC (Home Valuation Code of Conduct now known as DODD FRANK). Notice how Agents is in Bold? I’ll explain shortly. So now that we have that out of the way lets get into the real issue here.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Housing Wire

JULY 29, 2021

The Property Appraisal and Valuation Equity task force will deliver a report to Biden within six months to describe the “extent, causes, and consequences of undervaluing of properties,” a HUD official told HousingWire. How to reduce appraisal turn times and improve the borrower experience. Presented by: Voxtur.

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. Risk to Home Values. Source: First Street Foundation Sept.

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