Remove Appraisal Process Remove Marketing Remove Reconsideration of Value Remove Valuation
article thumbnail

Overcoming 2023’s biggest appraisal challenges

Housing Wire

Both types of initiatives are important, but no one seems to be talking about how we can get more production out of our current set of appraisers. The quickest way to ensure a faster appraisal process is going to be to learn how to work with valuation providers as partners in the process rather than the way most appraisers feel, adversaries.

Appraisal 349
article thumbnail

The appraisal gap is complicating deals across the country

Housing Wire

The gap between appraisal and what buyers are willing to pay in one of the wildest real estate markets in modern history has created friction between agents, lenders and appraisers working under stressful conditions. She recently had a deal fall apart due to appraisal. Streamline by combining services. million,” he added.

Appraisal 539
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

While agents and appraisers cannot discuss value we can talk about the property and why they may have priced it at what they did. One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy.

Agents 87
article thumbnail

A View on Risk: Desktop Appraisals

Appraisal Buzz

The markets perceived no additional risk in transactions where the appraiser signing off on the valuation of the collateral being utilized for a credit decision did not physically inspect the property. Appraisers rely on standards of practice and processes. Desktop Process Challenges & Risks.

Appraisal 435
article thumbnail

Opinion: The pros and cons of VA modernization bill

Housing Wire

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

article thumbnail

New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

If the bank uses a waiver it is still a good idea for the borrower to obtain an appraisal of their own to make sure that they are not paying more than the home is worth. Appraisal vs Home Inspection. As you can see, there are major differences between home appraisals and home inspections and both are very important. Conclusion.

article thumbnail

Appraisers: How to Manage Your Emails

Appraisal Today

Communicating quickly with the lender is an issue with the appraisal process. NOTE: Please scroll down to read the other topics in this long blog post on ROVs, non-lender appraisals, appraisal business, unusual homes, mortgage origination stats, etc. == Amazing Guitar-Shaped House in Georgia Currently off market.