Simonson Real Estate
DECEMBER 6, 2022
In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Key Appraisal Items to Communicate.
Appraisal Buzz
MAY 9, 2022
Currently, the Appraiser Qualifications Board, Course approval Program or Cap, has yet to approve a single class specific to log home valuation. With all the construction of log homes, there needs to be legal and competent appraisals for these homes. The question is how are these homes being appraised? Working Together.
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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
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.
Raleigh Realty
FEBRUARY 19, 2022
While home appraisals are commonly requested when a buyer prepares to purchase a property, homeowners may also be required to obtain an appraisal when refinancing their mortgage. After doing the physical appraisal and running the comparables report, they will provide you with the appraisal report.
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.
Housing Wire
MAY 25, 2021
One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market.
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