Appraisal Buzz
APRIL 15, 2024
Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process. Only those data and report elements that are important for the scope of work will be presented to the appraiser.
Housing Wire
DECEMBER 13, 2021
of the total), followed by borrower and mortgage eligibility (10.4%) and legal/regulatory/compliance (10.4%). ACES said appraisal issues are well documented, with most of the concern centered around rising appraisal costs, long turnaround times, and a shortage of qualified appraisers. basis points from the prior quarter.
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Housing Wire
JUNE 11, 2021
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.
Boston Appraisal
OCTOBER 8, 2022
While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. One such attempt is the increased use of hybrid appraisals.
AmeriMac
MARCH 15, 2024
Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.
Cleveland Appraisal Blog
NOVEMBER 3, 2022
Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do? Write about what you do know.
Cleveland Appraisal Blog
AUGUST 25, 2022
Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. When you run a business, and owning rental property is a business , you’re almost always better off forming a legal business structure. Another crucial step is to figure out how much you can afford.
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