The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. I keep hearing about the automated appraisal. Lower cost than traditional appraisal.

The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. I keep hearing about the automated appraisal. Lower cost than traditional appraisal.

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FHA Appraisal Tip – Low Water Pressure

Chicagoland Appraisal Blog

If you have a deficient condition such as this you may want to repair it prior to an FHA Appraisal. Appraisers must operate faucets to observe water pressure and flow. This is an example that there is low water pressure and an FHA appraisal will be made subject to repair.

Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraiser use good comparables? Will the appraised value be sufficient for the loan?”.

Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraiser use good comparables? Will the appraised value be sufficient for the loan?”.

3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

If you decide to take advantage of these all-time low rates, your lender will most likely order an appraisal. What happens if the new appraisal is less than original one? Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low.

How accurate is a Zestimate vs a Home Appraisal?

Chicagoland Appraisal Blog

When Zillow first came out, real estate appraisers would often hear “Zillow says my home value is…” This is usually followed by a cringed face and sigh. The Zestimate is not an appraisal and it should be used as a starting point. Chicago Home Appraiser vs. Zillow’s Zestimate.

How to Build Equity in Your Home

Chicagoland Appraisal Blog

Chicagoland Appraisals had the privilege to be featured on Redfin amongst other top appraisal companies across America to give the best way to build home equity in America. Spurgeon Appraisals: Thinking about putting in a gazebo? Sun Point Appraisals Inc. : Appraisal Tip

The Importance of Knowing Your Home’s Worth Before Selling It

Texas Home Appraisal Blog

The post The Importance of Knowing Your Home’s Worth Before Selling It appeared first on Austin Home Appraisal Team. Appraisal Tips

Appraisals derail sales in the tight Chicago market!

Chicagoland Appraisal Blog

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago.

New Market Reports Available

Texas Home Appraisal Blog

The appraisers over at RealEstateAppraisalsAustin have started offering free Austin housing market reports on their website. The post New Market Reports Available appeared first on Austin Home Appraisal Team. Appraisal Tips

Low Cost, Cheap Austin House Appraisals

Texas Home Appraisal Blog

A home appraisal doesn’t have to be trigger for anxiety. To achieve both objectives you need a good appraisal. You can reach your goals by calling upon a qualified Austin Home Appraiser firm. Appraisals are a significant.

The Necessity of a Commercial Engagement Letter

Dart Appraisal

Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations.

Preparing Your Borrower for the Appraisal Inspection – Virtual or On-Site

Genworth MI Blog

Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will the appraiser look in my closets? Should I follow the appraiser and point things out?

Home Appraisal vs. Home Inspection

CP Home Appraisals

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does.

Markets, Neighborhoods and Subdivisions Part I

CP Home Appraisals

The more we review appraisals, the more apparent it becomes that many appraisers in Houston are confusing the terms Market and Neighborhood. This creates misleading results in appraisal reports and can lead to an incorrect conclusion of value. In the next part of this series I will go over how the incorrect use of these terms causes confusion and misleading results in a real estate appraisal report. Tips for Homebuyers

Preparing Your Borrower for the Appraisal Inspection – Virtual or On-Site

Genworth MI Blog

Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will the appraiser look in my closets? Should I follow the appraiser and point things out?

How Does Lot Size Impact Property Value?

CP Home Appraisals

If a specific lot is approximately 3,000 to 5,000 square feet larger than other lots, it should have an appraised value that is greater. can be found at: CP Home Appraisals. Tips for Homebuyers appraisal land area lot appraisal lot size lot value property value

Tips for Homeowners Concerned About Appraisals Below Contract Price

Will Springer Realtor

Not all home appraisals – and those who conduct them – are created equal. Enter the appraiser, someone who has probably never visited the property – or possibly even the neighborhood – and who will use his/her expertise to develop a valuation on the home.

Why Do Appraisers Take So Many Pictures?

Round Rock Appraisal

Is It Necessary For An Appraiser To Take So Many Photos Of Your Home? Some homeowners find it a little annoying and unsettling when appraisers seem to be spending so much time taking pictures of every single room in their home along with every nook and cranny.

Cash Buyer? You Still Need an Appraisal

Round Rock Appraisal

An appraisal of property serves the benefit of both the seller and the buyer. What an appraiser places on a property is one thing but it should not be the only thing for a buyer to consider. Keeping the appraisal of a home realistic in your own mind is very important!

FHA Appraisal Requirements – What You Need to Know

CP Home Appraisals

FHA Appraisal Tips. FHA Appraisal Requirements: Appraisers are to recommend only those repairs necessary to make the property comply with FHA’s Minimum Property Requirements (MPR) or Minimum Property Standards (MPS) together with the estimated cost to cure. The real estate article FHA Appraisal Requirements – What You Need to Know can be found at: CP Home Appraisals. Tips for Homebuyers

Why it is So Hard to Become an Appraiser

CP Home Appraisals

The real estate article Why it is So Hard to Become an Appraiser can be found at: CP Home Appraisals. Tips for HomebuyersI thought this email I received was very funny and spot on. Enjoy! To All My Valued Employees, There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges.

Flood/Storm Damage – FEMA, Building Permits, 50% of Structure’s Market Value?

CP Home Appraisals

Most literature I have come across states that if you do not agree with the counties assessment then you may have a licensed real estate appraiser prepare an appraisal for the cities consideration. Unfortunately determining JUST the market value of a structure requires a very complex appraisal, one which will be very costly. When real estate appraisers determine market value of a property we almost always use what is known as the sales comparison approach.