Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. Appraisals are also often needed for tax appeals and for private cash sales.

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Business Appraisal Real Estate Agent Clients 393

Housing Wire

NOVEMBER 8, 2021

First, he has his clients lender call the listing agent. This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Somebody has a problem once and then that story just spread.

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Clients Agents Buyers Sellers 378

Housing Wire

NOVEMBER 18, 2020

That trend is holding true for the housing market in Hawaii, located about 2,500 miles west of the mainland. But the rising costs aren’t deterring buyers from the Hawaii housing market, with many buying sight-unseen. “I As the Hawaii housing market continues to soar, housing inventory remains low.

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Housing Market Marketing Real Estate Agent Agents 457

Housing Wire

AUGUST 2, 2023

Department of Housing and Urban Development (HUD) on Wednesday announced a new collaboration with the National Association of Real Estate Brokers (NAREB) designed to increase the housing industry’s awareness of appraisal bias. housing and home property valuation.

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Appraisal Training Valuation Clients 243

Housing Wire

MAY 20, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The market is just insane,” she said. “I

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Housing Market Marketing Real Estate Agent Real Estate 365

Housing Wire

JULY 25, 2022

Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Rapid City, South Dakota. Rapid City, South Dakota. Bend, Oregon.

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Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. That is a lot of bread!

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Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

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Housing Market Marketing Agents Real Estate 320

Housing Wire

APRIL 6, 2021

Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. She recently had a deal fall apart due to appraisal. But the most important thing is educating clients from day one.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 539

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 Marketing Real Estate Inventory 370

Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!

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Appraisal Real Estate Agent Real Estate Agents 302

McKissock

MAY 24, 2022

Top earners in the appraisal profession are those who consistently bring in new clients. Start by fostering good relationships with your appraisal customers. Treat all current and potential clients politely and professionally from the get-go. Communicate with the client. Connect with clients online.

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Client Relationships Clients Appraisal Appraisal Process 75

Housing Wire

MAY 7, 2024

Boomers are said to be one reason inventory has been in short supply and the housing market has been frozen.” In terms of issues that could motivate baby boomers to reenter the housing market, retirement might be chief among them, according to Jessica Lautz, deputy chief economist and vice president of research at NAR. “The

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Mortgage Real Estate Agent Inventory Housing Market 421

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

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Appraisal Appraisal Process Valuation Renovations 363

Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It I have always been good with numbers, and I enjoy looking at houses,” he said. But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded.

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Appraisal Valuation Business Contracts 397

Appraisal Buzz

FEBRUARY 21, 2022

This includes sectors like home appraisals, which might not put a lot of focus on cybersecurity. What cybersecurity concerns should home appraisers be aware of? Even at its lowest, the housing market is a multi-billion-dollar industry, and each purchase can range anywhere from hundreds of thousands to millions of dollars.

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Appraisal Property Appraisal Business Valuation 243

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. So you’ve found a house and you have submitted an offer… now what?

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Inspection Appraisal Buyers Appraisal Process 423

Housing Wire

APRIL 25, 2024

Monika DeRoussel was in a meeting, away from her phone and email, when a client messaged her that a property in their price range and desired neighborhood had a for-sale sign in the yard. When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I

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Buyers Marketing Inventory Investors 376

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. It is the work of a therapist and their client to carefully untie those knots.

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Sellers Appraisal Real Estate Buyers 379

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. Despite uncertain economic times, the housing market experienced a surge during the pandemic. PCV Murcor’s unique approach.

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Clients Valuation Real Estate Appraisal 382

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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Appraisal Construction Contracts Architecture 77

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Many allegations related to appraisals that used inappropriate comparable sales that were used to “make” a deal work.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

JANUARY 19, 2023

After months of a slowing housing market, sellers are offering more discounts to close deals and mortgage lenders are launching programs to protect their clients’ rates. “At the same time, data shows that sellers are more willing to negotiate as homes stay on the market longer.”

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Mortgage Sellers Housing Market Buyers 381

Appraisal Buzz

MAY 16, 2022

Guild Mortgage has introduced CashPass, a new program to help homebuyers compete with all-cash offers in this competitive housing market. The program allows homebuyers to write a cash offer with no financing or appraisal contingency required. In this competitive housing market, Guild recognizes the need to help. “In

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Housing Market Inventory Sellers Finance 150

Housing Wire

FEBRUARY 8, 2024

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. Across the state, as of Feb.

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Inventory Agents Housing Market Luxury Properties 373

Cleveland Appraisal Blog

JULY 6, 2022

In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. What do you think?

Inspection 369

Inspection Appraisal Technology Clients 369

Housing Wire

AUGUST 31, 2022

Xactus, which says it has more than 6,500 clients including bank and nonbank mortgage originators, uses its proprietary technology platform to close loans quickly. With the acquisition, Xactus added flood services to its verification solutions “to address clients’ flood risk assessment needs,” the firm said.

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Modernization Clients Technology Insurance 368

Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. I suppose it is because most appraisals are done (now) for residential lending purposes.

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Appraisal Contracts Legal Business 75

Housing Wire

JULY 28, 2022

With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. Servicers, are you prepared for hurricane season? Presented by: ServiceLink.

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Insurance Clients Modernization Technology 300

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. ” Participants showed interest in various types of non-lending work, with divorce and estate appraisal being the most popular.

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Lending Appraisal Property Taxes Training 99

McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. What can lenders do to dispel this common misconception with their clients?

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Mortgage Clients Insurance Tools 391

AmeriMac

MAY 15, 2024

Navigating Relocation Appraisals Successfully Relocating to a new city or state can be a complex and overwhelming process. One crucial aspect of the relocation process is the appraisal of the property being sold. In this blog, we will delve into the world of relocation appraisals and explore their importance in the relocation industry.

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Appraisal Market Value Mortgage Appraisal Appraisal Process 36

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.

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Appraisal Real Estate Valuation Contracts 86

Housing Wire

MARCH 27, 2024

and is regularly updated to offer comprehensive insights into the nation’s housing market. ClearAVM can predict values for nearly every residential property in the U.S. Its accuracy has been validated by rating agencies, third-party testing and independent customer feedback.

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Valuation Real Estate Investors Investing 372

Appraisal Today

SEPTEMBER 8, 2023

Problems When Appraising Airbnb & VRBO Properties by Richard Hagar, SRA Excerpts: Residential appraisers are being asked to appraise these properties, along with their elevated income, as “typical” residential properties. He is one of my go-to appraisers for these types of issues. He is an excellent teacher.

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Appraisal Contracts Business Construction 80

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. “If

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