Appraisal Today

MAY 17, 2024

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” A few sample appraiser comments: “I am capable of determining the adjustments without any software.

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Tools Appraisal Renovations Design 64

Housing Wire

JULY 26, 2023

Depending on loan types , borrowers must have a minimum credit score of 620; up to 80% loan-to-value; and appraisals from two different appraisers required for loans that are more than $1.5 Early this month, UWM announced home-affordability mortgage products designed to help underserved borrowers become homeowners.

Real Estate 370

Real Estate Investors Design Buyers 370

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. Appraisers are able to do what is referred to as a “ subject to appraisal ” by looking at the scope of work that owners may want to do.

Renovations 75

Renovations Appraisal Real Estate Agent Construction 75

Housing Wire

OCTOBER 12, 2023

Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. Founded in 2019, The Loan Store offers mortgage products including conventional, jumbo, VA and non-QM loans.

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Lending Design Government Tools 380

Appraisal Today

DECEMBER 29, 2023

Understanding Functional Obsolescence in Appraisals By: McKissock Excerpts: For appraisers, functional obsolescence can be a challenging concept because the elements that influence property values may not be obvious or immediately apparent. Buyers are likely to see this as a flaw in the floor plan regardless of trends.

Appraisal 77

Appraisal Design Business Modernization 77

D Fritz Appraisals

MARCH 4, 2024

Essential Landscaping Tips and Tricks Details such as landscaping designs and quality craftsmanship in a home can make a dramatic first impression on prospective home buyers. Fritz Appraisals Inc. Join us as we cover 5 standout landscaping tips and backyard landscaping designs to increase your home’s appeal (and value!)

Home Value 99

Home Value Design Valuation Appraisal 99

Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM, America’s top mortgage lender, is offering Special Purpose Credit Programs (SPCP) for Fannie Mae ‘s HomeReady and Freddie Mac ’s BorrowSmart Geo-Target programs.

Finance 367

Finance Law Lending Development 367

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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Appraisal Inspection Appraisal Process Valuation 135

Housing Wire

NOVEMBER 7, 2023

Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It “But agent commissions have never been a closing cost from a buyer perspective. Potter added: “Government lending would come to a halt.

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Agents Sellers Buyers Finance 447

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. The AMC stated that the lender indicated the appraisal received a high risk score by Fannie Mae. The post is long.

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Appraisal Design Contracts Inspection 72

McKissock

OCTOBER 1, 2022

During the appraisal and appraisal report review processes, barndominiums require special consideration, given that they are typically unique to a subject neighborhood. These appraisals take more time and effort, therefore you should charge more for them. Here are five guidelines to follow when appraising barndominiums.

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Appraisal Design Market Value Buyers 85

D Fritz Appraisals

MAY 13, 2024

Whether selling a cozy condo in the heart of downtown or a sprawling estate in the countryside, having a checklist to sell a house is essential to organizing yourself, maximizing your home’s value, and appealing to potential buyers. Selling a home can be exciting and daunting, but with the proper guidance and preparation (i.e.

Real Estate 115

Real Estate Buyers Sellers Appraisal 115

Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.

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Appraisal Process Appraisal Construction Sellers 139

McKissock

MARCH 22, 2022

Green homes require special consideration during the appraisal and appraisal report review processes, given that they are typically unique to a subject neighborhood. These appraisals take more time and effort, as well as a certain kind of knowledge and skill—which you can secure with McKissock’s Certified Green Home Appraiser program.

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Appraisal Design Appraisal Process Market Value 90

Boston Appraisal

NOVEMBER 6, 2020

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. The appraiser looks like the bad guy.

Appraisal 148

Appraisal Market Value Real Estate Sellers 148

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%.

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Realtors Housing Market Marketing Buyers 389

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 Inspection Modernization Business 70

Appraisal Buzz

MARCH 2, 2022

TD Bank has launched TD Home Access Mortgage, a new product designed to increase homeownership opportunities in Black and Hispanic communities across several markets within the bank’s footprint. The post New Mortgage Loan Product from TD Bank Focuses on Minority Communities appeared first on Appraisal Buzz.

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Mortgage Design Buyers Appraisal 186

Appraisal Today

JANUARY 19, 2024

The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Members of the Lupertazzi Crime Family rough up an appraiser who is involved with Tony’s HUD scam. I will never forget “I’m only the appraiser!” Therefore, the appraisal industry must begin to push back.

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Appraisal Contracts Real Estate Architecture 74

Cleveland Appraisal Blog

DECEMBER 10, 2022

As a certified residential appraiser, I can tell you that while some of the things noted in this report can decrease value, they may not, so take these points with a grain of salt. Betty is not an appraiser. I can tell you that some buyers will certainly agree with these points! I’ll give my two cents at the end.

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Appraisal Buyers Renovations Investing 298

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. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

Appraisal 87

Appraisal Training Inspection Real Estate 87

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.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

AmeriMac

APRIL 30, 2024

Commercial real estate appraisals are an integral part of buying or selling commercial properties. These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area.

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Appraisal Appraisal Process Valuation Real Estate 36

Appraisal Today

DECEMBER 8, 2023

OK to average adjusted comps on appraisal? Basic Appraisal, but not all appraisers know about this, especially if they “appraise to fit the form” aka form fillers. Worth reading, plus the appraiser comments. bath home was designed by local architect Rich Young. Click here = Appraisers vs. Lenders.

Appraisal 67

Appraisal Real Estate Contracts Design 67

Cleveland Appraisal Blog

DECEMBER 24, 2022

Read on for some pointers from Cleveland Appraisal Blog. The kitchen is a focal point for just about every homeowner and prospective buyer. Others, like pool installation or converting a garage into a living space, may not be as desirable to potential buyers and may actually lower the value of your home. Kitchen Remodel.

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Renovations Appraisal Home Improvement Buyers 303

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Appraisal Today

JULY 1, 2023

Lenders Not Using AMCs for Appraisals By: McKissock June 23, 2023 Excerpts: Some appraisers seek alternate ways to find work outside of appraisal management companies (AMCs). Below are helpful tips on how to find financial institutions and banks that engage appraisers directly on fee panels. More Crazy Appraiser Stories!

Appraisal 86

Appraisal Contracts Market Value Mortgage 86

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Housing Wire

OCTOBER 27, 2020

And for buyers, that means more competition — as well as less leverage in negotiations. The truth is, sellers can have their pick right now, and if your offer isn’t just what they want, they could choose another buyer. Making a contingent offer can protect your interests, but hurt your chances as a buyer. The bottom line.

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Marketing Sellers Buyers Inspection 432

Appraisal Today

OCTOBER 27, 2023

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. Recently we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” I worked for an assessor’s office for 5 years in my first appraisal job.

Property Appraisal 72

Property Appraisal Appraisal Business Contracts 72

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser.

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Inspection Appraisal Construction Clients 105

Genworth MI Blog

FEBRUARY 18, 2021

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? Tips for an On-Site Appraisal Inspection.

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Inspection Appraisal Real Estate Loan Officers 148

Appraisal Today

JULY 7, 2023

Appraiser Countersues Black Plaintiffs Who Alleged Discrimination by Isaac Peck, Publisher WorkingRE There are now a number of lawsuits facing appraisers where the primary allegation is racial discrimination. I assume that since I had been appraising in high crime neighborhoods, I became prejudiced. Tate-Austin v.

Appraisal 77

Appraisal Real Estate Contracts Mortgage 77

Cleveland Appraisal Blog

JUNE 7, 2022

This week I will be traveling to Columbus for the annual Ohio Coalition of Appraisal Professionals summer seminar. I’m looking forward to a little networking and catching up with my appraisal friends. If you work from home, a designated workspace is essential to your productivity. Create an Accent Wall. Thanks, June!

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Decorating Appraisal Real Estate Design 195

McKissock

MAY 15, 2023

Thinking about starting an appraisal business? If you’re already a fully licensed and accredited real estate appraiser, chances are you have already been working with a more experienced appraiser. Depending on circumstances, the costs of starting an appraisal business can range from fairly high to very low.

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Business Appraisal Advertising Real Estate 71