Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” Appraisers – check the water source! How many offers.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Eppraisal

FEBRUARY 20, 2024

Set aside money for emergency repairs and system enhancements to boost safety and increase property values. Heating and Cooling Inefficient heating methods found in older homes can benefit from modernization, which leads to substantial energy savings.  Lastly, always prioritize safety measures when managing an old property.

Architecture 36

Architecture Inspection Renovations Modernization 36

D Fritz Appraisals

MARCH 7, 2019

Doing These Eight Things Will Help Increase Your Home’s Appraised Value. Looking for ways to increase the appraised value of your home? While these three factors are out of your control, there are still many things you can do to impress appraisers and list your house for top dollar. It’s often free!

Renovations 78

Renovations Appraisal Real Estate Agent Buyers 78

Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference.

Appraisal 70

Appraisal Modernization Training Business 70

Zillow

JULY 25, 2016

Get to know the property Every house, no matter if it's a 100-year-old Victorian or a modern marvel , should have some type of inspection before it's sold. Your contract should include a " contingency " for such an inspection, to protect you from unwittingly buying a money pit. This isn't good news.

Inspection 36

Inspection Contracts Sellers Buyers 36

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What is a desktop appraisal? Desktop appraisal meaning and definition.

Valuation 69

Valuation Appraisal Inspection Appraisal Process 69

Housing Wire

NOVEMBER 30, 2021

And the appraisal process is no exception. After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. The appraisal gap for properties in Latino neighborhoods can be even worse, going as high as 9.4%.

Appraisal Process 412

Appraisal Process Modernization Appraisal Valuation 412

Appraisal Today

NOVEMBER 20, 2022

Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. Excerpts: In the recent past, when appraisers were swamped. Even with the Collateral Underwriter program review, appraisers were overwhelmed. Failures to personally inspect and photograph comparables. .

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Even if they’re not planning on having their current property act as their “forever home,” they still can’t afford to lose money by overpaying on a house that isn’t worth nearly what is being asked. Appraisals act as a way to prevent that from happening.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Even if they’re not planning on having their current property act as their “forever home,” they still can’t afford to lose money by overpaying on a house that isn’t worth nearly what is being asked. Appraisals act as a way to prevent that from happening.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 329

Appraisal Valuation Inspection Law 329

Clear Capital

JANUARY 5, 2023

“Many news stories tend to focus on the potential for an individual appraiser delivering a too-low estimate based on factors associated with the occupants instead of the home. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny. But the reality is more nuanced.”

Appraisal 69

Appraisal Modernization Valuation Appraisal Process 69