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What Is A Final Inspection?

Birmingham Appraisal

A Closer Look At The Final Inspection. You may have heard of an appraisal inspection but what is a final inspection? Keep reading to find out the “second part” of the appraisal process for certain types of appraisals. Proposed Construction Appraisal.

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The Loan Officer’s Guide to Appraisals, Part 1:  The Final Inspection

Riverfront Appraisals

Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […].

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The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.

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Great news! No need for an appraisal. Or is it really??

Town & Country Residential Appraisals

Click on this link to view the actual document as released by Fannie Mae on March 1, 2023 [link] They have changed the term “Appraisal Waiver” to “Value Acceptance”. It is then the lender who confirms based on this information if the property is eligible and an appraisal is not required. Here is another “wait-a-minute-moment”!

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “It’s a lot more than just pulling comps!”

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Appraising New Construction: Guidance for Follow-Up Inspections

McKissock

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. You will also need to conduct a final inspection. Inspection during construction. Final inspection.

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Modular vs Manufactured-There IS a Distinction

Town & Country Residential Appraisals

First we must understand that the term “mobile home” is obsolete and refers to transportable homes constructed prior to June 30, 1976. The major distinction between a modular and manufactured home- the standard to which they are constructed. Manufactured homes are built 100% off site and constructed on the chassis.