article thumbnail

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

Genworth MI Blog

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Now that we have addressed some basics, let’s examine the process for disputing an appraisal.

article thumbnail

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

Genworth MI Blog

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Now that we have addressed some basics, let’s examine the process for disputing an appraisal.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Tips for Homeowners Concerned About Appraisals Below Contract Price

Will Springer Realtor

Not all home appraisals – and those who conduct them – are created equal. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No CoreLogic said the more typical figure for low appraisals in the U.S. Home Appraisal Tips for Buyers ).

article thumbnail

The Appraiser’s Perspective: Insights and Tips for Real Estate Agents

Birmingham Appraisal

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

article thumbnail

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. Features & Impact on Commercial Appraisals.

article thumbnail

Appraisals: Using Comps Across a Freeway?

Appraisal Today

of loans had appraisals. FREE Private Appraisal Tips on Zoom on December 8 at 11 AM PST by Ryan Lundquist Ryan’s recent email (direct quote) Appraiser friends, I’m going to do a private work Q&A thingy on December 8th at 11am PST. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.88

article thumbnail

Understanding Appraisal Factors That Impact Home Sales: Insights for Real Estate Agents

Birmingham Appraisal

Common Appraisal Challenges That Impact Home Sales 1. Low Appraisals: When the appraised value of a property is lower than the contract price , it can cause problems. Sellers may need to adjust their asking price, buyers may face difficulty securing financing, or renegotiations may be necessary.