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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. Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete.

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Consider These Factors When Choosing a Real Estate Appraiser

East Coast Appraisal

The appraisal process is critical to real estate transactions. Geographic Knowledge An appraiser with local knowledge will give you accurate work because geography and location affect property values.

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Is Property Appraisal an Art or a Science?

AmeriMac

Range of comparable properties that were available at the time of the appraisals. Market fluctuations in the local property values. The appraisal process itself suffers from a lack of objective standards to be followed. However, giving the appraiser this information goes a long way to prevent errors.

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12 Types of Expert Witness Assignments for Appraisers

McKissock

Others will simply rely on a previous appraisal and call the appraiser to testify about it. Here are twelve types of expert witness assignments for appraisers. Typically, this would be for local property tax appeals. Condemnation. Learn more. Tax appeal.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. After all, it is a detailed activity that can look different depending on the scope and nature of your property. Question 6: What is the overall commercial real estate appraisal process?

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

Navigating appraisal challenges in today’s housing market. HousingWire recently spoke with PCV Murcor Founder, President and CEO Keith Murray, and COO Cindy Nasser on how the appraisal process can be streamlined in today’s tight housing market. Real estate agents in particular understand local properties extremely well.

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