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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Realtor

MAY 15, 2023

Getty Images If you need a mortgage to buy a home you have your eye on, it’s standard for your lender to order an appraisal of the property. But when your lender says it’s ordering a hybrid appraisal instead of a traditional appraisal , what does that mean exactly ? The appraisal also protects you as a buyer.

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Appraisal Real Estate Appraisal Process Market Value 107

Genworth MI Blog

JULY 13, 2023

Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. But with obstacles in the way for many, lenders need to stay updated on market trends and understand how every part of the homebuying journey might be impacted.

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AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. This post will cover everything you need to know about REO appraisals. We will start with the definition and purpose of these appraisals, followed by how they work, the factors considered in them, and preparing for an appraisal.

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Boston Appraisal

OCTOBER 27, 2023

In order to ensure a fair and equitable distribution of assets, it is essential to obtain a professional, and accurate property appraisal in a divorce case. Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date.

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Appraisal Property Appraisal Legal Inspection 78

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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Birmingham Appraisal

SEPTEMBER 28, 2022

One of these changes is the use of the hybrid appraisal by lenders. What Is A Hybrid Appraisal? A hybrid appraisal is one that is done by involving more participants than just the appraiser. Rather than involve the appraiser in the data collection part of the appraisal process this part is done by someone else.

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Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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McKissock

OCTOBER 29, 2021

Are you just starting your real estate appraisal career? Last month we asked our appraisal community, “If you could give ONE piece of advice to a new appraiser, what would it be?” ” Thank you to the large number of appraisers who shared their top tips for new appraisers! Top 12 most common tips.

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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.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

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 78

AmeriMac

APRIL 30, 2024

Commercial real estate appraisals are an integral part of buying or selling commercial properties. These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area.

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AmeriMac

OCTOBER 19, 2022

When you are seeking out a mortgage, you will need a home appraisal so that the lender knows how much should be lent for the home. A big part of the transaction of buying a home is the amount determined by the home appraisal. The buyer usually pays for the appraisal, and it isn’t an expensive part of the process.

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AmeriMac

JANUARY 17, 2022

However, it isn’t necessarily accurate and shouldn’t be used for appraisals for a number of reasons that are definitely worth a closer look. What Is an Appraisal? At its core, a home appraisal is a process wherein a trained, licensed professional will come to a home and make a determination of its fair market value.

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PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection.

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AmeriMac

OCTOBER 15, 2021

During a traditional home appraisal , a trained, certified professional will enter a house and conduct a thorough examination of both the interior and exterior. Due in part to the still-ongoing COVID-19 pandemic, drive-by appraisals have become increasingly popular. An Overview Of Drive-By Appraisals.

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Clear Capital

APRIL 30, 2024

In part one of our home equity lending series , we discussed home equity lending and how lenders can use an AVM to market to home equity customers. In this second part, we’ll discuss how to meet interagency guidelines for property valuation while expediting underwriting by using ClearAVM + Property Condition Inspection (PCI).

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AmeriMac

DECEMBER 1, 2021

One of the most important parts of the home buying process has to do with the appraisal – something that is true for a wide range of different reasons, all of which are worth exploring. But what happens if someone cannot physically enter a home to conduct an appraisal? Desktop Appraisals: An Overview.

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Appraisal Market Value Real Estate Development 36

AmeriMac

DECEMBER 1, 2021

One of the most important parts of the home buying process has to do with the appraisal – something that is true for a wide range of different reasons, all of which are worth exploring. But what happens if someone cannot physically enter a home to conduct an appraisal? Desktop Appraisals: An Overview.

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Appraisal Market Value Real Estate Development 36

AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Appraisals act as a way to prevent that from happening. An appraisal contingency takes this idea one step further, offering a wide array of benefits that cannot be ignored. Why Are Home Appraisals Important? What Is an Appraisal Contingency? Think about it like this.

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AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Appraisals act as a way to prevent that from happening. An appraisal contingency takes this idea one step further, offering a wide array of benefits that cannot be ignored. Why Are Home Appraisals Important? What Is an Appraisal Contingency? Think about it like this.

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Appraisal Buyers Sellers Contracts 36

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

So how do you find best Orange County Home Appraiser? You might be a home owner, a mortgage loan officer or even an appraisal management company. If you Google Orange County Home Appraiser and look at some of the listings, you’ll not find a lot of appraisers in Orange County, CA that do non-lender work.

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AmeriMac

NOVEMBER 15, 2021

By far, equity is one of the most important ways to preserve someone’s wealth because in theory, a home should always appreciate in value over time. Therefore, as the fair market value of the home goes up while the amount remaining on the mortgage goes down, equity continues to build over the years.

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AmeriMac

NOVEMBER 15, 2021

By far, equity is one of the most important ways to preserve someone’s wealth because in theory, a home should always appreciate in value over time. Therefore, as the fair market value of the home goes up while the amount remaining on the mortgage goes down, equity continues to build over the years.

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Town & Country Residential Appraisals

JULY 25, 2022

Well, in our profession, APPRAISERS HAVE TRAINEES. Real estate appraiser requirements have significantly advanced over the past few decades with increasing educational requirements and a few revisions to the experience process. This is the part that takes the longest amount of time, the most experience and the most amount of training.

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McKissock

JULY 11, 2022

In residential appraising, the cost approach and the income approach have in many cases become less utilized in favor of sole reliance on the sales comparison approach. What would a reasonably well-informed buyer actually pay for that house—without the special market condition of a feeding frenzy?”

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Housing Wire

MAY 25, 2021

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. For example, appraisal turn time has swelled 65% from 2018, according to recent data published by Freddie Mac. Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage.

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Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” ” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. Interview with Ribbon Co-Founder & CEO Shaival Shah.

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