Appraisal Buzz

APRIL 19, 2022

3D tour technology reveals a new efficient and accurate way to gather data by launching a national network to collect data to complete desktop appraisals. Appraisers prefer Asteroom’s data because it includes a 3D tour that allows the appraiser to view the property remotely in its entirety for accurate and reliable appraisal results.

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Housing Wire

MARCH 10, 2023

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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East Coast Appraisal

MAY 24, 2023

While trying to buy a home, you may have found out that some lenders require their borrowers to have an appraisal and/or an inspection completed. Some lenders may only require an appraisal and leave the decision about an inspection up to you. Home appraisals are a way to determine the value of the home.

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Midtown Appraisal Group

JUNE 22, 2021

Until the pandemic, like many appraisers, I often didn’t interact with property owners during the appraisal process: A financial institution would call with an appraisal request, I’d make arrangements with the real estate agent to pick up the keys or access the lockbox, and do the inspection when the owners or residents were at work. […]. (..)

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Appraisal Real Estate Agent Appraisal Process Inspection 133

The Appraiser Coach

DECEMBER 5, 2023

I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. To make a long story short, this man felt like the first appraisal had come in lower than it should have. Real-estate agents, homeowners, appraisers – we’re all human.

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Real Estate Agent Inspection Appraisal Appraisal Process 150

Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac. If we can check those boxes, we succeed.

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Housing Wire

AUGUST 31, 2022

This helps eliminate human error, creates digital consistency in the output, and democratizes the creation of accurate property data critical to real estate listings and the appraisal process on a home loan. Th company wants to drastically increase use of its product in the U.S.

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Technology Modernization Appraisal Process Training 330

Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time.

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Housing Wire

MAY 25, 2021

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. For example, appraisal turn time has swelled 65% from 2018, according to recent data published by Freddie Mac. Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage.

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Housing Wire

DECEMBER 8, 2023

Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through. With a changing market, home inspections are now becoming a secondary point of negotiation. This can be a key value you provide to your buyer clients.

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Raleigh Realty

FEBRUARY 19, 2022

9 Things to Know BEFORE Your Home Appraisal Home appraisals. With competitive bidding wars and home selling for large percentages over the asking price, it's no wonder everyone is concerned about the home appraisal. Here’s what you want to know about your home appraisal and the role it plays when buying a home.

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Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. Buying a home can be a confusing process, however, I hope that you have been able to surround yourself with knowledgable professionals who can help you navigate your first home purchase and make it an enjoyable experience. What is a Mortgage Appraisal? Who is the Appraisal for?

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Clear Capital

JULY 14, 2023

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

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Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Birmingham Appraisal

APRIL 4, 2023

Will Appraisal Integrity Be Negatively Affected by Data Collectors In the world of real estate, appraisals play a vital role in determining the value of a property. However, in recent years, the rise of data collectors has brought into question the integrity of modern appraisals.

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Modernization Appraisal Inspection Training 90

Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. There are many areas that appraisers and agents can inform and educate one another so that each of their jobs is done more successfully.

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Housing Wire

MAY 31, 2021

Black Knight’s REvolution suite provides appraisers and other valuation professionals with a seamless appraisal process from property inspection to report delivery. Using SCOUT, homeowners, inspectors, real estate agents and appraisers can collect property data on a mobile device.

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Inspection Valuation Real Estate Real Estate Agent 196

AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. This post will cover everything you need to know about REO appraisals. We will also discuss what happens if an REO appraisal is low and how it impacts property value.

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Real Estate Appraisal Inspection Appraisal Process 36

Realvals

JULY 27, 2022

As a real estate appraiser in California, I often hear this question, and the answer is almost always the same. It’s the client who pays for the home appraisal. Home appraisal process. The home appraisal process will differ depending on what you need the appraisal for.

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D Fritz Appraisals

OCTOBER 11, 2022

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

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Realtor

MAY 15, 2023

Getty Images If you need a mortgage to buy a home you have your eye on, it’s standard for your lender to order an appraisal of the property. But when your lender says it’s ordering a hybrid appraisal instead of a traditional appraisal , what does that mean exactly ? The appraisal also protects you as a buyer.

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Appraisal Real Estate Appraisal Process Market Value 107

Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Whether you’re a seasoned appraiser or new to the field, having a better understanding of rural properties is essential for providing credible appraisals. Well written.

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Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. To me, the big issue is who is doing the inspections.

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Birmingham Appraisal

SEPTEMBER 28, 2022

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. One of these changes is the use of the hybrid appraisal by lenders. What Is A Hybrid Appraisal? Things To Consider With Hybrid Appraisals.

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McKissock

DECEMBER 1, 2020

There are many articles, blogs, and opinion papers that either support or reject bifurcated and hybrid appraisals, which contributes to a great deal of confusion. Here at McKissock Learning, we do not support any position regarding bifurcated and hybrid appraisals. What is a bifurcated appraisal?

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Appraisal Inspection Appraisal Process Real Estate 58

Rowe Appraisal Group

MAY 5, 2020

A couple of days ago I was sitting down to start writing a blog post on how to streamline the initial appraisal process, specifically gathering information on the subject property prior to doing the inspection. Choose your own adventure or tailor one of these questionnaires to fit the Real Estate Agents in your own market!

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Real Estate Agent Real Estate Agents Inspection 36

Rowe Appraisal Group

MAY 5, 2020

A couple of days ago I was sitting down to start writing a blog post on how to streamline the initial appraisal process, specifically gathering information on the subject property prior to doing the inspection. Choose your own adventure or tailor one of these questionnaires to fit the Real Estate Agents in your own market!

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Real Estate Agent Real Estate Agents Inspection 36

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. How Do I Get Ready for the Appraisal on My House?

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Appraisal HOA Easement Valuation 126

McKissock

MARCH 8, 2022

In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. In various articles and opinion pieces, some claim that desktop appraisals will solve the appraiser shortage and modernize the appraisal process, while others claim that they will cause the demise of the appraisal profession.

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The Appraiser Coach

OCTOBER 17, 2023

Different types of appraisals call for different needs. As an appraiser, you are the most qualified to make choices regarding an appraisal. With the advent of the hybrid appraisal, it seems that the need for comp photos has become obsolete. How long have you been appraising? What about in regards to comp photos?

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Appraisal Appraisal Process Technology Clients 195

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

AmeriMac

APRIL 15, 2024

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. 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. So let’s dive in and explore the world of home appraisals.

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AmeriMac

JANUARY 15, 2024

One crucial step in the real estate process is getting a home appraisal. But how do you find the best local home appraiser? We will guide you through the process of finding the most qualified appraiser in your area. So, let’s dive in and discover how to find the best local home appraiser.

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Appraisal Appraisal Process Valuation Real Estate 36

Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. When USPAP started, it was very exciting as appraisers had to decide what needed to be changed or added. This covers all Definitions, Rules, and Standards.

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Quicken Loans

JUNE 9, 2021

One of the requirements for being approved for a VA loan is a property appraisal. If you don’t know what an appraisal is, how it works or what this process means for you, read on. What Is A VA Loan Appraisal? A VA appraisal is an appraisal performed by someone certified through the U.S. VA Appraisal Fees.

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Cleveland Appraisal Blog

JANUARY 13, 2022

If you’re an appraiser, like I am, the nature of our work can at times cause us to become skeptical. A homeowner or agent may appear to exaggerate information they share about a home. But, it happens enough that it can create a little skepticism in the minds of an appraiser. Are you a skeptical person? Let’s talk about it.

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