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Progress now or perfect later: Improving the appraisal process

Housing Wire

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. No more clipboards.

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Will hybrid appraisals become the new normal?

Housing Wire

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. The Request for Input (RFI) – open to comment until Feb.

Appraisal 450
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Historical Properties and Their Unique Appraisal Approaches

Boston Appraisal

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

Appraisal 147
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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 292
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

Appraisal 397
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The Home Appraisal Process: 6 Words You Should Know

East Coast Appraisal

Whether you are buying, refinancing, or simply insuring a home or piece of property, a home appraisal is an important document in the process that you need to understand. Here are six key words and phrases that you should be familiar with before your next appraisal. Comps are typically run for a six-month period.

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Is Property Appraisal an Art or a Science?

AmeriMac

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The answer?