article thumbnail

How to reduce appraisal turn times and improve the borrower experience

Housing Wire

This is a critical advancement in the industry as we’ve seen appraisal timelines continually increase. This allows for a more objective analysis and better compliance, and often translates to a more efficient process with faster turn times, which allows buyers and sellers to transfer real property more cost effectively and with confidence.

Appraisal 393
article thumbnail

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

Housing Wire

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. If it’s denied, buyers can also choose to walk away from the deal.

Insiders

Sign Up for our Newsletter

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

article thumbnail

3 Tips to Shorten Your Home Appraisal Process and Turn Times

AmeriMac

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Top 3 Tips to Shorten Your Home Appraisal Process.

article thumbnail

3 Tips to Shorten Your Home Appraisal Process and Turn Times

AmeriMac

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Top 3 Tips to Shorten Your Home Appraisal Process.

article thumbnail

3 Tips to Shorten Your Home Appraisal Process and Turn Times

AmeriMac

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Top 3 Tips to Shorten Your Home Appraisal Process.

article thumbnail

Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

When it comes to the appraisal process, while we do take into consideration the contract price of the home being sold, that’s just one of many data points that we must take into consideration. The appraiser’s goal is not, nor has it ever been, to simply be a price validator, though many have used appraisals this way.

Appraisal 397
article thumbnail

Mastering How to Order a Home Appraisal Quickly

AmeriMac

A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property. Understanding Home Appraisals A home appraisal is an official estimate of the fair market value of a home conducted by a licensed and impartial professional appraiser.