Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

Real Estate Agent 81

Real Estate Agent Real Estate Agents Reconsideration of Value 81

McKissock

DECEMBER 10, 2021

Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. Opinion: The path to modernizing the appraisal process. Realtor.com forecasts a mixed bag of opportunities for homebuyers in the coming year. The 10 top housing markets of 2022.

Housing Market 79

Housing Market Appraisal Marketing Appraisal Process 79

Appraisal Buzz

DECEMBER 27, 2021

million units , and some experts say it could reach 8 million if there were more inventory. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Birmingham Appraisal

JULY 27, 2022

Months of Inventory/Active Listings – The months of inventory is on the rise. Housing inventory has continued to dwindle over the past several years because the market was flooded with buyers who wanted to take advantage of low-interest rates. Positive Signs For Buyers.

Buyers 90

Buyers Inventory Sellers Appraisal 90

Housing Wire

MAY 23, 2023

Now, anyone can idly browse real estate listings and find out what homes have sold for and what inventory is available. Consumers can even look at comps for their own home and are quite accurate in estimating what their home is worth when they’re going to either purchase or to refinance,” Svedberg said.

Technology 331

Technology Appraisal Lending Valuation 331

Housing Wire

AUGUST 30, 2022

With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. Some studies suggest the number of active appraisers is steadily declining by an average of 2.6%

Tools 384

Tools Lending Technology Valuation 384

Housing Wire

NOVEMBER 8, 2021

At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage. 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.

Clients 377

Clients Agents Buyers Sellers 377

Housing Wire

OCTOBER 5, 2022

housing market has faced periods of high interest rates, home price appreciation and lack of inventory before. FHFA Director Sandra Thompson. But these forces all happening at once makes the current landscape especially volatile and challenging, according to Sandra Thompson, the Director of the Federal Housing Finance Agency. “If

Appraisal 334

Appraisal Tenants Mortgage Appraisal Process 334

Valuation Nation

OCTOBER 16, 2022

Even with the higher rates the shortage of inventory has not allowed prices to start tapering down, yet. As an appraiser, it is super important to understand how to gather and analyze relative data. Inventory levels. REO and Short Sale Inventory. Let us take a gander at inventory. Actual days on market (DOM).

Real Estate 116

Real Estate Appraisal Marketing Inventory 116

McKissock

MARCH 3, 2023

Related CE course: Best Practices for Bifurcated and Hybrid Appraisals Housing market rebound halted by rising rates HouseCanary’s new Market Pulse report released on Wednesday indicates that early signs of a potential housing market rebound in January “retreated in February on the heels of additional rate hikes.”

Valuation 82

Valuation Appraisal Marketing Housing Market 82

Cleveland Appraisal Blog

JUNE 25, 2021

During the Great Recession, home prices were falling rapidly due to an over-supply of inventory, which was out of the control of individual homeowners. This information is incredibly valuable to the appraiser in the appraisal process for many things. Another example may be an economic situation. Maybe yes, maybe no.

Market Value 244

Market Value Appraisal Marketing Buyers 244

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Studio inventory is up 21% percent.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

If an agent includes the square footage of a finished basement in what they report as finished above-ground square footage, this can have a negative impact on the appraisal process. Take finished square footage for instance.

Agents 374

Agents Appraisal Renovations Development 374

McKissock

MARCH 3, 2023

Related CE course: Best Practices for Bifurcated and Hybrid Appraisals Housing market rebound halted by rising rates HouseCanary’s new Market Pulse report released on Wednesday indicates that early signs of a potential housing market rebound in January “retreated in February on the heels of additional rate hikes.”

Valuation 52

Valuation Appraisal Marketing Housing Market 52

McKissock

MARCH 3, 2023

Related CE course: Best Practices for Bifurcated and Hybrid Appraisals Housing market rebound halted by rising rates HouseCanary’s new Market Pulse report released on Wednesday indicates that early signs of a potential housing market rebound in January “retreated in February on the heels of additional rate hikes.”

Valuation 52

Valuation Appraisal Marketing Real Estate 52

Kairos Appraisal Services

DECEMBER 16, 2021

Because of a lack of inventory, many homeowners opted to stay put in their homes and create their dream home in their current home. There’s no doubt that 2021 was a hot real estate market, but there was another hot market this year, and that was the renovation market.

Renovations 52

Renovations Inventory Real Estate Marketing 52

DataMaster

JANUARY 15, 2021

Without a sea change from the government and the construction industry itself, inventory will remain below needed levels. The possibility of an increase in foreclosure appraisals looms for 2021. Along with the low interest rates, low inventory, and Covid vaccine, this adds security to the appraisal load.

Appraisal 147

Appraisal Construction Business Real Estate 147

The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. When Should You Start the DOD Appraisal Process?

Real Estate 133

Real Estate Appraisal Legal Valuation 133

Cleveland Appraisal Blog

JANUARY 7, 2021

CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. In it, I provide short episodes that provide you with stats on median sales prices, marketing times, housing inventory and other related stats, on specific neighborhoods in Northeast Ohio.

Appraisal 344

Appraisal Legal Inspection Real Estate 344

Cleveland Appraisal Blog

MARCH 4, 2021

We also develop the effective ages of comparable sales to derive a range of effective ages, which can help to further support our estimate of the effective age of the property we are appraising. When we do adjust for physical age, there are several ways of supporting this type of adjustment.

Appraisal 223

Appraisal Real Estate Real Estate Agent Loan Conditions 223

Boston Appraisal

MAY 27, 2019

If the estate is going through probate, an accurate inventory of the decedent’s possessions—including any real estate properties—is required. In any case, the most reliable way to find out the fair market value of a home is to order an estate appraisal, also known as a time-of-death appraisal or probate appraisal.

Appraisal 78

Appraisal Real Estate Valuation Market Value 78

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. However, these restrictions may also limit modifications, potentially affecting the property’s market appeal.

Appraisal 80

Appraisal Contracts Training Architecture 80

McKissock

DECEMBER 28, 2021

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. “Mortgage rates are expected to rise, but still remain attractive and reasonable.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Listing Spark

JULY 24, 2023

However, for most markets across Texas, inventory remains extremely low. In the first quarter of 2023, inventory was still at 2.7 You can gain deep insight into changing prices and inventory levels, upcoming developments that will affect property values, and more. months —much better than a previous trough of 1.1

Real Estate 36

Real Estate Investors Tenants Property Management 36

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. Here are a few of the many survey results. percent of total applications from 29.1

Appraisal 86

Appraisal Training Inspection Real Estate 86

Appraisal Today

MAY 17, 2024

Geographic “Data” Competency refers to an appraiser’s ability to effectively understand, interpret, and utilize geographic data in the appraisal process. In the context of real estate appraisers, it is essential for accurately valuing properties and providing credible appraisal reports. percent the previous week.

Tools 64

Tools Appraisal Renovations Design 64

Appraisal Today

JANUARY 5, 2024

Streamline my appraisal process (10%) Plus 3 more To read more, Click Here My comments: Interesting stats! Elimination of Bias and Developing Cultural Competency – with Real World Relevance Required for California Appraisers Fulfills BREA’s new appraiser CE requirement for elimination of bias and cultural competency.

Appraisal 75

Appraisal Contracts Legal Business 75

The Robert Weiler Company

APRIL 20, 2021

As such, our experts at The Robert Weiler Company have put together this business valuation ‘questions and answers’ overview to offer more clarity behind the business appraisal process. Tangible assets are physical items that have value if they were sold. Assets included in this category are items such as: Land. Securities and cash.

Valuation 147

Valuation Business Buyers Market Value 147

Chicagoland Appraisal Blog

MARCH 21, 2022

I was like this is what I prefer to be doing because when you do work on the private side, you’re able to communicate more with the end-customer, oftentimes a homeowner versus on the mortgage side, due to the bureaucracy of the appraisal process, you can only communicate with them to a certain degree.

Appraisal 148

Appraisal Tenants Real Estate Property Taxes 148

Appraisal Today

AUGUST 13, 2023

PAVE Response and Marcia Fudge by Dave Towne Excerpts: Folks, the American Enterprise Institute Housing Center has been, to date, the only major voice in the wilderness I’ve seen publicly defending appraisers and the appraisal process. The refinance share of mortgage activity decreased to 28.7 percent the previous week.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

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.

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Appraisal Today

SEPTEMBER 9, 2022

However, this author is optimistic that process changes from each of the root causes for revisions have had some level of contribution to the decline. There is no sign of a rebound in purchase applications yet, but the robust job market and an increase in housing inventories should lead to an eventual increase in purchase activity.”.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52