Housing Wire

JULY 17, 2023

The listing price of the property is typically set below the current market value to generate immediate interest in the property. They can also compare the sales price to the appraisal, historical sales price or tax appraisal value to ensure nothing seems out of the ordinary.

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Sellers Real Estate Agent Real Estate Insurance 370

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. Appraisers are able to do what is referred to as a “ subject to appraisal ” by looking at the scope of work that owners may want to do.

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Renovations Appraisal Real Estate Agent Construction 76

Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? That's where our home appraisal for PMI removal comes in. By getting a PMI removal appraisal and showing that your home has increased in value, you can show that you have the required equity to SAVE MONEY!

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Appraisal Home Value Appraisal Process Insurance 98

East Coast Appraisal

SEPTEMBER 26, 2023

The appraisal process is critical to real estate transactions. Below are tips to help you get the right appraiser. Qualification and Licensing Ensure the real estate appraiser is qualified and licensed. Specialization Residential and commercial property appraisals differ.

Real Estate 52

Real Estate Appraisal Property Appraisal Insurance 52

D Fritz Appraisals

OCTOBER 11, 2022

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

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Appraisal Inspection Property Taxes Easement 105

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.

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Appraisal Process Appraisal Construction Sellers 139

Realtor

NOVEMBER 7, 2023

Costs of buying a home #2: Escrow account An escrow account is basically a way for your mortgage company to make sure you have enough money to cover related taxes and mortgage insurance. Costs of buying a home #7: Extra insurance If you live in a hazard-prone area, you might need to purchase extra insurance, like for flood.

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Inspection Insurance Sellers Buyers 196

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. USPAP Standards Rule 1-2 (c) requires the appraiser to identify the type and definition of value.

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Appraisal Marketing Market Value Development 99

McKissock

OCTOBER 1, 2022

During the appraisal and appraisal report review processes, barndominiums require special consideration, given that they are typically unique to a subject neighborhood. These appraisals take more time and effort, therefore you should charge more for them. Here are five guidelines to follow when appraising barndominiums.

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Appraisal Design Market Value Buyers 85

Valcre

JUNE 17, 2022

Owners of commercial real estate often seek a professional appraisal when selling or refinancing their loans. Other times, appraisals are used as a means of determining accurate values for taxation purposes, among other considerations.

Property Appraisal 52

Property Appraisal Appraisal Market Value Valuation 52

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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Appraisal Inspection HOA Real Estate 78

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

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Appraisal Inspection Appraisal Process Real Estate Agent 91

Housing Wire

MAY 18, 2022

CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. To learn more about RMF and reverse mortgages visit reversefacts.com/HW.

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Mortgage Clients Insurance Tools 397

McKissock

OCTOBER 23, 2020

There are many types of litigation where real estate appraisers can be helpful in providing evidence to the court. Many of these will require engaging the appraiser to perform an appraisal specifically for the case. Others will simply rely on a previous appraisal and call the appraiser to testify about it.

Appraisal 77

Appraisal Insurance Legal Development 77

D Fritz Appraisals

SEPTEMBER 13, 2021

That depends entirely on what you do with the inherited property, and this is why appraising the property is so important. Be sure to update the homeowner’s insurance policy. Contact the insurance company immediately, because it can potentially lapse if the house is unoccupied. What Utilities Do I Keep Running?

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Market Value Insurance Real Estate Appraisal 112

AmeriMac

APRIL 15, 2024

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property.

Appraisal 36

Appraisal Appraisal Process Real Estate Renovations 36

Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. Appraisers are an integral part of the real estate sales process. Interacting With an Appraiser at a Property. Don’t tell the appraiser your client needs a certain value, for example.

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Agents Appraisal Real Estate Realtors 78

Hank Miller Team

NOVEMBER 22, 2022

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. What is a Real Estate Appraisal?

Inspection 52

Inspection Appraisal Buyers Sellers 52

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

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Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

JULY 1, 2022

Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. Appraisal Business Tips . Humor for Appraisers.

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Appraisal Contracts Insurance Real Estate 52

AmeriMac

APRIL 15, 2023

At some point, you may need to have a commercial real estate appraisal done as it plays a critical role in many aspects of the commercial real estate industry. In this blog, we will cover what a commercial real estate appraisal is, how it differs from residential appraisals and the different types of commercial real estate appraisals.

Real Estate 36

Real Estate Appraisal Property Taxes Valuation 36

East Coast Appraisal

FEBRUARY 23, 2022

A commercial property appraisal has numerous benefits to all players in the real estate industry. Property owners, sellers, renters, buyers, and even mortgage companies can all benefit from commercial property appraisals. Below are some reasons to commission commercial property appraisals. Property Purchase or Sale. ?.

Property Appraisal 52

Property Appraisal Appraisal Real Estate Property Taxes 52

Town & Country Residential Appraisals

JULY 5, 2022

The role of the appraiser is to be an unbiased objective party within the many facets of the lending process whether it be for a purchase, home equity loan or refinance. That leaves one party in which there is no incentive because they get paid a flat fee regardless of price or a closing… the appraiser.

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Appraisal Sellers Agents Real Estate 58

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. The typical appraiser reports a 40-mile radius in which they conduct appraisals. While agents can “puff” we cannot!

Appraisal 52

Appraisal Contracts Architecture Housing Market 52

D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

Home Value 78

Home Value Appraisal Real Estate Agent Tools 78

East Coast Appraisal

JULY 27, 2023

Investors employ diverse real estate appraisal and valuation methods that offer distinct benefits. Sales Comparison Approach When using the sales comparison approach, the appraiser collects data on recently sold properties that are similar to the subject property in terms of location, size, features, and condition.

Valuation 52

Valuation Real Estate Market Value Property Taxes 52

Simonson Real Estate

APRIL 27, 2020

By addressing the key areas that now take on heightened importance in current appraisal reports, Appraisers can stay relevant and viable in this ever-changing market. It is important for the appraisal to recognize COVID-19 and introduce the situation in the Letter of Transmittal. Key Language in Letter of Transmittal.

Real Estate 78

Real Estate Appraisal Valuation Clients 78

Listing Spark

FEBRUARY 9, 2023

Whether you are selling your home or refinancing, it’s likely that the success of the transaction will rely on a home appraisal. Appraisals are an essential part of pricing and can be instrumental in helping you get the best sale price for your home when used properly. Here’s all you need to know about home appraisals!

Appraisal 36

Appraisal Sellers Market Value Contracts 36

D Fritz Appraisals

FEBRUARY 22, 2023

It represents the difference between what they owe on their home and its current market value. However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. What Is Home Equity?

Real Estate 124

Real Estate Investing Appraisal Market Value 124

Realtor

MAY 17, 2023

What contingencies impact sellers before closing on a house While the burden is on the buyer to finalize financing for the home purchase and to obtain homeowners insurance , some contract contingencies will impact you, too, especially if you’re living in the home. Another important step prior to closing on a house is the appraisal.

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Sellers Inspection Contracts Property Taxes 142

Empire Appraisal Group

FEBRUARY 9, 2023

County and municipal governments have to meet federal guidelines for area homeowners to qualify for policies under the National Flood Insurance Program. So, properties that have been homesteaded for years could have much lower assessed values than what their actual market value would be today.

Insurance 78

Insurance Law Supply Chain Government 78

Eppraisal

FEBRUARY 14, 2024

These costs typically include a variety of fees, such as loan origination fees, appraisal fees, title insurance, escrow fees, and taxes. Appraisal Fees: Lenders often require a professional appraisal to assess the fair market value of the property, and buyers are typically responsible for covering this expense.

Sellers 36

Sellers Buyers Property Taxes Real Estate Agent 36

CP Home Appraisals

OCTOBER 10, 2008

This requirement is true IF the cost of repairs to their home is equal to or greater than 50% of the STRUCTURES market value prior to the storm. If a city refuses to adopt the ordinance then FEMA can disqualify all citizens of the city from the National Flood Insurance Program. ).

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Market Value Marketing Property Taxes Appraisal 78

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Appraisal Property Taxes Real Estate Market Value 145

Town & Country Residential Appraisals

JANUARY 24, 2020

That’s a step towards mortgage insurance fraud and a lost license. An appraiser’s data, reasoning and final opinion should be credible, reliable, independent, impartial and objective. If you feel that an appraiser has artificially inflated a market value opinion, report this behavior to the PA Appraiser Board here.

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Appraisal Market Value Contracts Clients 36

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

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Inspection Insurance Buyers Renovations 136

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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Appraisal Appraisal Process Loan Officers Inspection 60