Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

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Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. There is a bright spot, however.

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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Cleveland Appraisal Blog

FEBRUARY 16, 2024

I know most of my readers are interested in appraisal and real estate-related topics. FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. I recently appraised a home for a divorce. So, here’s one for you… Zillow data! Is this misleading?

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McKissock

MARCH 17, 2023

As an experienced appraiser, there are many reasons you may decide to take on a trainee. property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. In this post, we outline how to become a supervisory appraiser.

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Housing Wire

APRIL 21, 2021

The regulator is also advancing permanent changes to be made in the appraisal space. ” While some flexibilities are meeting their end, the FHFA said it will extend alternative appraisals on purchase and rate-term refinance loans out another month until May 31, 2021.

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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. How do the solutions work? Why do we need them?

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Housing Wire

JANUARY 10, 2023

Property Appraisal. I would be remiss not to choose appraisal as the first area that desperately needs action. And yet, 2023 could prove to be one of the greatest turning points for appraisal in decades. Let’s explore three areas that exemplify the need for action-oriented behavior.

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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.

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McKissock

DECEMBER 10, 2021

Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. Opinion: The path to modernizing the appraisal process. Want regular appraisal news updates and insights into all facets of the industry? Read the full opinion piece.

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Aedis Appraisals

JUNE 13, 2017

Regardless of whether you happen to be the buyer, owner, or seller of a property, it’s important to understand the significance of appraisals and how they affect the inherent value of the property in question. What Is an Appraisal and When Do I Need One? When selling a property to anyone other than a cash-only buyer.

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Appraisal Today

AUGUST 18, 2023

7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1. Dragon is very well-liked among appraisal professionals, making it number one on our list of must-have apps for appraisers. Genius Scan This app gets a lot of love from appraisers. Dragon has been around a long time and is popular with commercial appraisers.

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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.”

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Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” The 58-page report is available here , while an Executive Summary of the report is also available. Not to be outdone, the U.S.

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Magnusson Group

APRIL 11, 2021

A selection of contemporary and MCM style furnishings and décor, including a lucite coffee table, lucite and glass dining table and a dinette set; glass and chrome etagere, Paoletti modern bedroom set, Roger Rougier furniture, John Stewart dining room chairs, Maitland Smith tessellated desk and chair and upholstered Baker sectional.

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Clear Capital

MARCH 30, 2022

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital ® , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection , two products designed to further modernize and increase certainty in the appraisal process.

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D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Fritz Appraisals Inc. 3 – The Value of Maintaining Your Property – Renovations that keep your home in a condition where it retains its market value.

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McKissock

APRIL 6, 2021

Whether your goal is to work fewer hours and improve your work-life balance or increase productivity and scale your business, there are many technology tools available to help you complete more appraisals in less time. Upcoming webinar: Tame the Chaos with Appraisal Technology that Scales.

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Housing Wire

JULY 5, 2022

Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

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East Coast Appraisal

MARCH 22, 2022

However, before applying for a mortgage refinance, you need to get approved for refinancing through refinancing appraisal. Therefore, you need to prepare your home to get a higher appraisal. This article highlights three ways to prepare your home for a refinance appraisal. As a result, you may get a low appraisal rate.

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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.

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Appraisal Today

JANUARY 20, 2023

Top Ten Reasons Why It Is Great to be an Appraiser! Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more, click here My comments: It has been a while since appraisers made negative concession adjustments.

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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. Tier 1 appraisers have little to fear but tier 2 and 3 appraisers….

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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.

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McKissock

JULY 29, 2020

As part of their appraisal modernization efforts, Fannie Mae and Freddie Mac (the GSEs) have issued test forms for Hybrid and Desktop appraisal assignments. The forms will be made available to the major appraisal report software providers. URAR Hybrid and Desktop Appraisal Forms – Overview.

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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.

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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.

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Housing Wire

SEPTEMBER 21, 2021

Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week. Now the administration is mandating the use of the platform starting next year.

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Housing Wire

OCTOBER 23, 2020

The AUS is built upon FHA’s Catalyst technology platform – a modernization initiative the company says will build trust through “reliable and accurate data, facilitating modern systems for the FHA program participant community.” It is modernization of the entire process.

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

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Magnusson Group

MAY 30, 2021

The Magnusson’s are excited to bring you this private collection of art, art glass, modern design and mid-century furnishings in our next auction. The post Fine Art, Glass & Mid-Century Furnishings Online Auction appeared first on Magnusson Group | Estate Sale | Personal Property Appraisal | NJ.

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Housing Wire

SEPTEMBER 17, 2022

The Federal Housing Administration on Thursday said it would pause the mandatory effective date for its electronic appraisal delivery module because it is “reassessing aspects of [its] development and implementation.”. FHA will provide further updates on its plans for electronic appraisal delivery as they become available.”.

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Magnusson Group

MAY 30, 2021

The Magnusson’s are excited to bring you this private collection of art, art glass, modern design and mid-century furnishings in our next auction. The post Eclectic MCM Haven by Highland Park Online Auction Ends July 22 appeared first on Magnusson Group | Estate Sale | Personal Property Appraisal | NJ.

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Magnusson Group

MAY 3, 2021

The Magnusson Group is proud to offer you this single owner collection of carefully curated modern and traditional design. The post High-Rise Heirlooms Hauled to Harding Twp (Auction)- Ends May 26th appeared first on Magnusson Group | Estate Sale | Personal Property Appraisal | NJ. Coming Soon! Visit Sale View More Photos.

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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!

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Magnusson Group

MAY 26, 2021

I am intrigued by Greece’s ancient art, architecture and culture, and its contribution to modern civilization. . The post Featured Team Member: Donna Goldstein appeared first on Magnusson Group | Estate Sale | Personal Property Appraisal | NJ. My favorite vacation was when my husband and I travelled to Greece.

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