Revisiting To Inspect or Not to Inspect with Jordan Petkovski

Appraisal Buzz

In today’s Buzzcast, we dive into the heated debate from Valuation Expo, “To Inspect or not to Inspect” where we discuss both sides to the new bifurcated appraisal. When it comes to bifurcation, what can appraisers take away from these last 6 months? [link].

Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

Appraisal Buzz

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.”

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Revisiting To Inspect or Not to Inspect with Jordan Petkovski

Appraisal Buzz

In today’s Buzzcast, we dive into the heated debate from Valuation Expo, “To Inspect or not to Inspect” where we discuss both sides to the new bifurcated appraisal. When it comes to bifurcation, what can appraisers take away from these last 6 months?

Appraising New Construction: Guidance for Follow-Up Inspections

Appraisal Buzz

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. The post Appraising New Construction: Guidance for Follow-Up Inspections appeared first on Appraisal Buzz.

Rental Schedules Without an Appraisal?

The Appraiser Coach

Can you do a rental schedule on a property that you have not appraised? This was a question recently asked in my closed Facebook All-Stars group. Within this private group, Read More.

Saving Photos as an Appraiser

The Appraiser Coach

It is no secret that we as appraisers take a lot of photos. I probably take about 20-25 per house that I inspect. Then there are all the comp photos. Read More.

Incenter Announces RemoteVal Inspection Technology

Appraisal Buzz

New offering allows appraisers to control a homeowners’ smartphone camera to capture time-stamped images from a remote location. The post Incenter Announces RemoteVal Inspection Technology appeared first on DSNews.

Are borrower-assisted inspections here to stay?

Housing Wire

HousingWire recently spoke with CoreLogic’s Chief Appraiser Shawn Telford about re-examining traditional appraisal workflows in light of the changes brought on by COVID-19. Appraisers are adapting by utilizing temporary flexibilities put in place by the GSEs, FHA and VA lenders.

The home inspection process: Should you skip it?

Housing Wire

People often confuse the home appraisal with the home inspection. Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Are you considering skipping the home inspection?

The Best Idea for IT Support for Your Appraisal Office

The Appraiser Coach

Technology is important to your business. Sometimes, it can be a challenge to keep your computer, your systems, your network, your internet, and the software you use all running and. Read More.

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

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. Appraisal.

Agents, Don’t Skip the Appraisal

The Appraiser Coach

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.

Agents 311

That Little Question of Forbearance Inspections

Appraisal Buzz

The post That Little Question of Forbearance Inspections appeared first on DSNews. The post That Little Question of Forbearance Inspections appeared first on Appraisal Buzz.

Incenter’s virtual appraisal solution brings “arms-length” photos back to the remote inspection process

Housing Wire

To help mitigate these pain points, Incenter Appraisal Management is offering remote BPO and remote inspection capabilities paired with AVMs. Incenter’s Remote BPO and remote Inspections don’t require homeowners to download mobile applications and take pictures on their own.

How Much Should a New Real Estate Appraiser Charge?

The Appraiser Coach

I was recently asked by a newbie in real estate appraisal how much I think a new real estate appraiser should charge. Many new appraisers and trainees want to get.

Can You Be an Appraiser and an Agent at the Same Time?

The Appraiser Coach

It is possible to be simultaneously licensed and practicing as a real estate appraiser while also being a licensed and practicing real estate agent.

Agents 311

Your Best Friend as an Appraiser

The Appraiser Coach

Many appraisers work out of our homes, not interacting with office staff or other appraisers. Even when we’re out, we’re still doing work-related tasks like shooting pictures and doing inspections.

Don’t Be Alice!

The Appraiser Coach

In his classic novel Alice in Wonderland, author Lewis Carroll teaches an important principle through the character of the Cheshire Cat. Lost in the woods and faced with a crossroads, Read More.

Dear Appraisers, Why do You Care about Your Competition’s Fees

The Appraiser Coach

As appraisers we often wear at least two different hats. You have heard me talk about the business owner cap versus the technician cap. While we often play both roles, Read More.

Desktop appraisal option to start in March

Housing Wire

Desktop appraisals will become an option for some agency-backed loans submitted after March 19. In addition to those specific exclusions, a desktop appraisal may not be used if Fannie Mae’s automated underwriting system, Desktop Underwriter, flags it as “ineligible.”.

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 […].

Become the “Go To” Appraiser in Your Area

The Appraiser Coach

Near my office there are two convenience stores but I only ever go to one of them. Really, there isn’t anything terrible about the one I don’t go to, but. Read More.

The Future of Desktop Appraisals

Appraisal Buzz

Are you ready to meet the new GSE requirement of a detailed floor plan for your desktop appraisals? Join us for our upcoming webinar on January 25th at 2 pm, “ The Future of Desktop Appraisals ” with Joshua Walitt and Mark Walser!

5 Tips to Prepare for a Luxury Home Inspection

Appraisal Buzz

Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. Carefully research the subject property prior to the appraisal inspection , keeping the following in mind: Online mapping (aerial, satellite, GIS).

Get Non-Lender Work with Video

The Appraiser Coach

As a coach, I’m teaching appraisers on a constant basis. A lot of them are interested in doing non-lender work but they aren’t sure how to attract that work. Really, Read More.

Knowing Your Why is the Key to Success

The Appraiser Coach

I mentor a lot of appraisers from all across the nation. Most of the time, appraisers ask me how to do something such as, how to get their business to. Read More.

Embracing New Technology and Efficiency

The Appraiser Coach

I recently met with another appraiser who admitted to me he was still using a clipboard and pen. There are very few people out there still using these; most appraisers. Read More.

How To Determine Time Adjustments

The Appraiser Coach

I recently had a question come in from a follower regarding how to best make time adjustments in this crazy world of multiple offers and offers over list. It was. Read More.

Over Promise and Under Deliver

The Appraiser Coach

There are certain principles of good work and challenges that come when starting or running any business. Much of what we learn as business owners can also be passed on. Read More.

Aspen Appraisal Inspects the Haunted Forest

Aspen Appraisal Group

Have you ever wondered what it would be like to do a land appraisal on a haunted forest? So we sent Appraiser, Andrew Crandall to American Fork to take a look at the acclaimed and very spooky Haunted Forest. Does he complete his inspection?

How Much Should You Make Each Month?

The Appraiser Coach

How much do you need to make each month? While it’s going to vary from person to person, you should know how much you need every single month in order. Read More.

A Home Owner’s View on Value

The Appraiser Coach

As a real estate appraisal provider, it can be hard to get into the home owner’s perspective. It seems that what is important to them may not directly translate into. Read More.

Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. From there it is assigned to the appraiser, and the team.

Fannie Mae is Not Developing New Appraisal Forms

The Appraiser Coach

Despite what rumors you may have heard, Fannie Mae is not coming out with any new appraisal forms. Of course, I am playing with you a bit; they are coming. Read More.

Realtors Are Professionals Too

The Appraiser Coach

As an appraiser, you’re a real estate professional and you are in the business of valuing property. Inevitably, at some point in your career, you’re going to make another real. Read More.

Home Inspections vs Home Appraisals

D Fritz Appraisals

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy.

Never Sacrifice Quality in the Name of Efficiency

The Appraiser Coach

There are no magic beans or secret sauce that you can use to suddenly make your life better. It’s actually about little tweaks; it’s a bunch of little things that. Read More.

Preparing Your Borrower for the Appraisal Inspection – Virtual or On-Site

Genworth MI Blog

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?

Check Your Oil

The Appraiser Coach

You need to take care of yourself, even when you are busy and you’re having record breaking months. You can work hard but you still need to include some rest. Read More.

Breaking Barriers to Success

The Appraiser Coach

Are you getting in your own way? Are you limiting your own success because you don’t believe that it is possible to reach your goal? There is a way you. Read More.