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VA now accepting desktop and exterior-only appraisals

Housing Wire

Exterior-only appraisals could help in cases where accessing the property could be difficult or “cause undue delay” in the appraisal process. In order to have the alternative appraisal options, lenders must be approved to participate in the VA’s Lender Appraisal Processing Program.

Appraisal 363
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All You Need to Know About Reverse Mortgages Appraisal

AmeriMac

Are you considering a reverse mortgage but unsure of what role appraisal plays? In this post, we will cover everything you need to know about reverse mortgage appraisal. We will start by discussing the basics of reverse mortgages and who can benefit from them. Why an Appraisal is Crucial for a Reverse Mortgage?

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The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. Navigating Complex Properties: In cases of unique or complex properties, agents and appraisers collaborate to ensure accurate valuations.

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Like it or not, desktop appraisals are here to stay

Housing Wire

Loans for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes are not eligible. Any loan application flagged as ineligible by Fannie Mae’s automated underwriting system will have to use a traditional appraisal. “If

Appraisal 363
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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. Understanding reverse mortgages can be complex, but it essentially involves converting a portion of the home’s equity into usable cash.

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What Is Appraisal Review in Real Estate?

AmeriMac

Home negotiations can be deadlocked because of the valuation differences of a property by both prospects and homeowners. The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. What Is an Appraisal?