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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. Value Scenarios. What is Market Value As Is and When is it Used?

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

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Lines of Defense in Real Estate Collateral Risk Management

Appraisal Buzz

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate.

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The Appraiser’s Perspective: Insights and Tips for Real Estate Agents

Birmingham Appraisal

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.

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Remove Predominant Price from New Forms

Appraiserblogs

Many of you are aware that the GSE’s are in the process of evaluating the entire appraisal process, including the…. Inappropriate Form Use Why oh why do appraisers who should know better do private assignment appraisal reports using the mortgage lending GSE forms?….

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The Hybrid Appraisal: It’s Cheaper, but Does It Protect Homebuyers?

Realtor

Lenders have a vested interest in the home appraisal because it protects them from lending more money than they can recoup should you default on your loan and go into foreclosure. The appraisal also protects you as a buyer. But the hybrid appraisal really took off when the COVID-19 pandemic struck in 2020.

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