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Race and the Property Valuation Industry

Appraisal Buzz

The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. The property valuation industry has a system for dealing with situations where a home’s appraised value is in dispute; it’s called the review process. Let’s unpack this situation…. But, what else played a role? Perception.

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Planning for a Home Renovation: A Guide

Cleveland Appraisal Blog

If you find yourself in this situation, this article will provide you with a guide that may be helpful to you. I hope you enjoy her article! How to Create a Home Office Designing a home office begins with selecting the ideal location, steering clear of spaces like the bedroom or living room to maintain a healthy work-life balance.

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14 indispensable AI tools for real estate agents

Housing Wire

Instead of just choosing a room type and furniture style, Reimaginehome lets you choose color themes, create landscape designs, and replace cloudy skies. By leveraging large datasets, these tools offer precise, data-driven valuations and insightful analysis.

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What renovations will add value to my home?

Housing Wire

“We’ve found that many people care more about public spaces than private spaces,” says Katie Lambert, an interior designer with Lambert Home, referring to different living areas in a home. The kitchen is also one of the areas that is commonly in need of modernization, from outdated appliances to antiquated cabinet styles.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. The original forms were designed before the digital age, to be completed on typewriters. bath, 5,258 sq.ft.

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How To Appraise Rural Properties

Appraisal Today

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? I hate this time change.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Non-lender: marketing in person and online.