article thumbnail

My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. By superior I refer to the different features that contribute to higher sale prices of homes.

article thumbnail

How Today’s Market Impacts the Appraisals and Inspections Landscape

Genworth MI Blog

Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. In some cases, this meant that interior inspections and appraisals relied on pictures and details from the homeowner or realtors involved in the sale rather than direct viewing.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What is a Land Appraisal and How Is Land Appraised?

The Robert Weiler Company

But first, it’s important to understand what is a land appraisal, how it is appraised, the real estate appraisal process, and what to expect. What is a Land Appraisal? Land appraisal is a process of assessing the land value and then developing an opinion of value.

article thumbnail

The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area. Appraisal Challenges: Listings that were priced using outlier sales can pose challenges during the appraisal process. If you liked this post subscribe by email (or RSS feed ).

article thumbnail

Home Inspections vs Home Appraisals

D Fritz Appraisals

Understanding the differences between an appraisal and an inspection will help you understand when you might need one or the other – or both – before you buy your first home. Let’s explore the similarities and differences between a home inspection and a home appraisal. What Is a Home Appraisal?

article thumbnail

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. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. Question 6: What is the overall commercial real estate appraisal process?

article thumbnail

To Desktop or Not to Desktop, That is The Question

DW Slater Company

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. The appraiser may be able to use remote tools to view or sketch the property.

Tools 149