Appraisal Hub

DECEMBER 20, 2023

Whether you’re a homeowner, a prospective buyer, or a real estate professional, understanding the true value of a property is crucial. This is where the expertise of a real estate appraiser becomes invaluable. Appraisers in Toronto, like those at Appraisal Hub Inc., Firms like Appraisal Hub Inc.

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Real Estate Valuation Appraisal Legal 78

Appraiserblogs

FEBRUARY 21, 2023

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals. This is an analysis of Freddie Mac's misleading and basically defamatory paper on Appraisal Gap.…

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Valuation Contracts Home Value Appraisal 141

Appraiserblogs

JANUARY 8, 2024

It is appraisers who are destroying the message. The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. Or so it seems.

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Appraisal Valuation Lending Contracts 134

Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Get a professional appraisal A professional appraisal becomes even more important when you’re buying a home in a non-disclosure state.

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Real Estate Agent Real Estate Inspection Tools 466

Housing Wire

MAY 7, 2021

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates. HousingWire: What’s the biggest pain point appraisers are currently facing?

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Housing Market Appraisal Appraisal Process Marketing 545

Appraisal Buzz

OCTOBER 3, 2022

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Many appraisers working in today’s marketplaces are about to find out how important this is. This is important information for appraisers, though it may not appear so at first. Appraisers track such data.

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Appraisal Buzz

MAY 6, 2024

If this trend continues, consumers and appraisers will need to have a heightened awareness of where and how insurance pricing or availability is affecting house prices.” You may be wondering how this all trickles down to the appraisal report. Appraisers might not be thinking about climate change just yet in their analyses.

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HOA Insurance Legal Fees Valuation 370

Appraisal Buzz

DECEMBER 27, 2021

There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. As the appraisal gap widened, the CoreLogic Price Index rose as well, reaching 15% in May of this year.

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Appraisal Valuation Modernization Contracts 397

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. She recently had a deal fall apart due to appraisal. Wow, since when?

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Appraisal Buzz

AUGUST 10, 2021

MReport recently had the chance to chat with Matt Woodhouse of ServiceLink about the company’s ServiceLink’s State of Homebuying Report analyzing trends in the market and the impact of technology on today’s buyer. The post Expert Insights: Matt Woodhouse, Managing Director of Valuations, ServiceLink appeared first on theMReport.com.

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Appraisal Buzz

JUNE 10, 2024

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. To their credit, in the December 2023 Appraiser Update newsletter, Fannie Mae clarified the issue nicely. The “great concern” they cite is appraisals where 4.4 09, Adjustments to Comparable Sales ).

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Sellers Real Estate Appraisal Finance 418

Realtor

SEPTEMBER 13, 2023

-Oxford-/iStock The home-buying process is a high-stakes thrill ride full of exhilarating ups and scary downs, but unquestionably one of the most deflating moments is when the appraisal comes in significantly lower than the accepted offer. The loan officer writes an appeal using the new comparables and then sends it to the appraiser.

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Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

JUNE 11, 2021

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. What matters is whether or not the defects are deal-breakers to you, the buyer.

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Inspection Appraisal Appraisal Process Buyers 432

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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Appraisal Inspection Real Estate Agent Training 410

Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? HousingWire: What can the industry at large do to support the work of appraisers right now? This is misguided.

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Appraisal Property Taxes Technology Valuation 397

Boston Appraisal

FEBRUARY 11, 2024

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.

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Appraisal Renovations Architecture Appraisal Process 147

Birmingham Appraisal

JUNE 11, 2024

My Appraisal Business Has Shifted, Has Yours? When most people think about real estate appraisals, they often associate them solely with buying or refinancing a home. However, real estate appraisals serve many other essential purposes that extend far beyond these conventional uses.

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Appraisal Property Taxes Valuation Real Estate 75

Housing Wire

APRIL 30, 2022

When it comes to innovative appraisal tech, there’s no denying that Reggora continually has its finger on the pulse. With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves.

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Modernization Appraisal Appraisal Process Valuation 369

Appraiserblogs

NOVEMBER 11, 2022

It is gratifying when appraisers are correct, and the AVMs burn; unless you invested in their stocks. I mean no disrespect to the modelers of the Automated Valuation Models (AVMs) or to Zillow for relying on their AVMs. Does the buyer want more acres, or less grass to cut? Tax Values Just as Accurate as AVMs?

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Appraisal Valuation Lending Investing 107

Housing Wire

SEPTEMBER 23, 2021

Appraisers have experienced many challenges in the last couple of years. From juggling high volume demand for appraisals in the middle of a pandemic, appraisers had to radically change their processes. Remote inspections have the power to make homeowners and appraisers more comfortable. Introducing RemoteVal.

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Appraisal Inspection Technology Appraisal Process 384

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Not professional appraisers. Appraisers will provide market trends for the properties that compete with the property being appraised.

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Appraisal Market Value Legal Property Appraisal 354

Appraiserblogs

APRIL 10, 2023

The article titled “FHFA Data Fueling Looks into Appraisal Bias” was in the Inside Mortgage Finance Publications e-newsletter on 4/06/23. According to aggregate statistics from the Uniform Appraisal Dataset released by the FHFA, roughly 57% of appraisals were above the contract price in 2021. The article does not stress ‘bad.’…

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Appraisal Contracts Valuation Finance 119

Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It pulls information from more than 30 data providers.

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Real Estate Agent Real Estate Brokerage Sellers 431

Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Appraisal Law Development Valuation 309

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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Agents Appraisal Valuation Appraisal Process 84

Appraisal Buzz

SEPTEMBER 27, 2021

You can hardly post anything on an appraisal forum or social media without the first 17 comments stating, “I do non-lender work.” Expanding your appraisal practice through non-lender work can lead to many benefits including increased revenue as well as greater independence and efficiency.

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Real Estate Agent Real Estate Valuation Appraisal 370

Empire Appraisal Group

OCTOBER 5, 2023

What is a Date of Death Appraisal? A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. It is usually the date of the individual’s death.

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Appraisal Market Value Valuation Law 78

Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. Accurate Market Value Assessment: The primary benefit of a residential appraisal is the accurate assessment of your property’s market value.

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Appraisal Property Taxes Valuation Market Value 78

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

Appraisal Buzz

JUNE 16, 2022

Mortgage Capital Trading (MCT), a mortgage hedge advisory and secondary marketing software firm, has introduced a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!,

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Technology Mortgage Valuation Clients 363

Appraisal Buzz

MARCH 25, 2024

I recently got curious about the word ‘analysis’ As an appraiser, I use this word frequently. I found the etymology of this word, as well as its antonym, very helpful in conceptualizing what appraisal analysis really is. Of course, this applies to the work of real estate appraisal as well.

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Sellers Appraisal Real Estate Buyers 379

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. An appraiser may miss that sale through no fault of their own. NO BLANK FIELDS.

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Agents Appraisal Renovations Development 374

DataMaster

APRIL 6, 2021

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold.

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Appraisal Appraisal Process Buyers Legal 158

Inman

APRIL 21, 2023

Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support the new value acceptance + property data valuation process.

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Valuation Appraisal Technology Mortgage 160

The Robert Weiler Company

SEPTEMBER 18, 2022

When there is land for sale – whether raw acreage, commercial property, or residential – a land appraisal is the key component of the process. Any loan for a property is based on the appraisal value. As a land buyer, owner, or seller, understanding the true market value of the real estate in question is important.

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Appraisal Valuation Real Estate Market Value 78

Cleveland Appraisal Blog

JANUARY 19, 2023

Unless you’re in the property valuation profession, you may not have. The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value.

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Appraisal Buyers Transportation Real Estate 284

Housing Wire

DECEMBER 27, 2023

Homebuyers, sellers and appraisers have been responding to the company’s LinkedIn announcement on the cybersecurity incident, asking for clarification. One buyer commented: “We wired in full payment for a home that was supposed to close last week. The firm has been providing updates through a new website it created.

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Sellers Insurance Valuation Clients 496