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Navigating appraisal challenges in today’s housing market

Housing Wire

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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Real estate appraisals: What agents should know

Housing Wire

One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. What is a real estate appraisal? A real estate appraisal is the assessment of a property’s value. Appraisals are required for homes financed with any type of mortgage. Why are appraisals important?

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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

The senior data scientist at appraisal tech startup True Footage previously worked at REX , a mostly defunct discount brokerage that charged seller fees as low as 2.5% In other words, the rates seem impervious to market forces, even as the internet has obliterated the historical rates of other intermediaries, like travel agents.

Clients 429
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Appraising Well in a Fast-Changing Market

Appraisal Buzz

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.

Appraisal 370
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How AI will transform the mortgage and appraisal industries

Housing Wire

At Jaro , our commitment to integrating AI automation alongside the traditional appraisal process is not just about keeping pace with technology — it’s about making the process of appraising and valuing properties better for every stakeholder: from lenders, to borrowers, appraisers and everyone in between.

Appraisal 400
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Prioritizing Your Clients

The Appraiser Coach

But how can you mitigate your workload without losing your good clients? It may not seem important now that things have slowed down, but now is the very exact time you should be preparing for changes that are bound to come again in the future. Take care of emails from good, loyal, easy-to-work-with clients (your “A” clients) first.

Clients 195
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Attracting More Appraisal Business

Cleveland Appraisal Blog

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. Mortgage lending work is only one type of business where appraisals are needed.

Business 393