Cleveland Appraisal Blog

APRIL 15, 2021

I am honored to welcome back Author Jessica Brody , with a new and timely article that I think you will find helpful if you’re looking to buy a home. The Complete Guide to Virtual House Hunting During COVID-19. Look to a mortgage forecast to get an idea of potential interest rates. Let the Hunt Begin!

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Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We We know who the borrowers are. We service their loans. We have their email addresses. We have their phone numbers. We have their phone numbers. We know where they live. of the U.S. population. of the U.S.

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Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. To read more, Click Here My comments: We all see comps that seem to sell below market.

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Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Do not get out of the water and put your surfboard away. To read more, Click Here My comments: Read the full article!

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Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. Remote work was in full swing, and consumers were desperately seeking to get out of the cities. In addition to the sales provided by Fannie Mae, I was asked to provide at least two better comps.

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Housing Wire

NOVEMBER 11, 2022

Below, Polinori answers questions about the housing industry: HW Media: What is your current favorite HW+ article and why? What we are experiencing right now is absolutely not a 2008 scenario. Originators need to be better prepared for the ebbs and flows of our industry and this article serves as a great starting guide.

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Appraisal Today

MAY 19, 2023

I am a real estate appraiser completing an appraisal. To read more, click here My comments: Thanks to Dustin for writing this! Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! The answer is, Yes!

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Housing Wire

JUNE 27, 2023

New home sales are up 20% year over year, and existing home sales are down 20% year over year; this is something we don’t see very often. Last year a theme of mine was that new home sales are historically low, and the builders know how to move products when needed. Census Bureau and the Department of Housing and Urban Development.

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Appraisal Today

SEPTEMBER 23, 2022

This is only part of what I say because I’m a man who needs a few paragraphs. At the least we ought to describe the market as showing a downward seasonal shift, though it’s possible we can call this a downward cycle if the trend persists over time. Will we see smaller homes more often as first-time buyers flood the market?

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Appraisal Today

OCTOBER 7, 2022

Two-thirds of appraisers (66 percent) are asked monthly or more often to conduct appraisals outside of the geographic area or the property type in which they feel their expertise is. While agents can “puff” we cannot! What is the farthest you have traveled to complete an appraisal and still be considered geographically competent?

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Housing Wire

JANUARY 2, 2023

The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. Purchase application data.

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Appraisal Today

FEBRUARY 3, 2023

Bringing More People Into a Dying Profession? Excerpts: Some people want to bring more people (primarily of color, which is great) into a dying profession. PAREA is being touted as the savior and the best appropriate way to get new people into this profession, especially people of color. By Dave Towne, Jan.

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Appraisal Today

FEBRUARY 17, 2023

We have done a very poor job of telling the general public what we do and that we are are objective and unbiased. We need a good Appraiser PR Campaign! To read more of this long blog post with many topics, click Read More Below!! Of course, most people confuse real estate agents with appraisers.

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Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. If you are a new homebuyer, welcome!

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. We see this in the data. Last year we had COVID-19 comps. It’s more of a lack of supply.

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Housing Wire

MARCH 16, 2023

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. Like most recessions, when demand falls, so does production.

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Housing Wire

DECEMBER 6, 2023

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. As we edge towards 2024, the real estate landscape buzzes with both opportunities and uncertainties.

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PennyMac

APRIL 5, 2022

How many bedrooms do you need? Enter perhaps the most important item on your homebuying preparation list: the mortgage pre-approval. This is a document issued by a lender that confirms you are pre-approved to secure the appropriate financing needed to buy the home you want. You will have many questions: Where should you buy?

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. Get a free home valuation for your house and trends in your neighborhood.

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Houston Properties

JULY 22, 2022

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Emotions get involved and they could muddle the process. Their knowledge of the sale trends and appreciation rates in the Greater Heights area is top-notch. Get PDF Now. Wellington.

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Housing Wire

APRIL 20, 2022

There are even more people getting the information you disseminate. Back in the day it was newspaper articles and if you were lucky you might be able to get a print ad about something you had done or a house that you had sold.”. Bonnie Williamson never intended to be a real estate agent. That was in 1980.”.

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Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. She designed more than 700 buildings in California during a long and prolific career.

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Appraisal Buzz

SEPTEMBER 5, 2022

Ten years ago, I was working with a lender that had a Revision Rate of 35%, meaning more than one in three times the review staff went back to the appraiser requesting a revised appraisal. The reality is there is no universal acceptance of a single method of measurement to differentiate “good” from “bad.”

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Housing Wire

NOVEMBER 30, 2023

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. We’ve done extensive research to determine the best real estate classes in Ohio to launch your new career.

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Appraisal Today

SEPTEMBER 8, 2023

On top of that, what if the credit card is stolen and the last party animal damaged the house or fell off the deck and wants to sue the owner for a defective deck railing? STRs are far more than real estate; they include a business also known as a “growing concern” or intangible property. But is it really that simple? Short answer—no.

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Appraisal Today

APRIL 28, 2023

So when we type the report, a comment like this might slip past the reviewer and underwriter: “A thorough search of the subject’s marketing area revealed a scarcity of sales comparables with solar panels.” The article is worth reading. Some of the more unusual cases will require a more “thinking outside the box” approach.

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Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? To read more, click here My comments: Read this article!

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Raleigh Realty

FEBRUARY 4, 2022

We listened. We answered. here are the best new construction homebuying tips How to buy a new construction house Last week we wrote an article on how to buy a house for first-time home buyers. Also asking, when do you pay for a new construction house? New Construction Home Buying Tips You asked.

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Appraisal Today

OCTOBER 13, 2023

But what if the appraisal form was completely blank with no boilerplate text? The three levels that we are going to discuss are “Beginner,” “Intermediate,” and “Pro.” Now, we could go deep and say that there are levels within the levels, but for now we will keep it simple and explore these three main levels.

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Appraisal Today

MAY 26, 2023

MPR Repairs: Guidance for FHA Appraisers By: McKissock Excerpts: If you are appraising a property that needs some cosmetic repairs but meets FHA minimum property requirements (MPR) in its current condition, you should make the appraisal “as-is.” Here is some guidance on cosmetic repairs vs. MPR repairs. Photos and lots of examples.

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Appraisal Today

OCTOBER 14, 2022

Today, while there still remains some stickiness to the QC revision process, a recent survey completed by The STRATMOR Group commissioned by appraisal management technology company Reggora, indicates 25% of appraisal reports require some form of revision. Is there room for more improvement? To read more, click here.

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Appraisal Today

JANUARY 4, 2023

Achieve a better work-life balance (10%). To read more, including personal comments from appraisers, click here. I write about non-lender work, staying up when business is down, retirement planning, and more in my monthly newsletter. To read more of this long blog post with many topics, click Read More Below!!

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Assurance Financial

JANUARY 3, 2022

Wondering how many mortgages you can realistically get on a single residential property? Whether you want to finance your first home or you already have an existing mortgage and you’re looking for ways to refinance your home, you might be wondering about the number of mortgages you can take out on one property.

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Appraisal Today

FEBRUARY 2, 2024

A redesigned, dynamic URAR will replace the numerous and separate appraisal forms and can be used for different property types, such as two-to-four units, condominiums, and manufactured homes, and for different scopes of work, such as interior and exterior inspections, updates, and completion assignments. What exactly does this mean?

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Assurance Financial

SEPTEMBER 28, 2021

This rate is below earlier generations, but it is growing as millennials increase in age. The homeownership rate three years ago was only 40%. The current homeownership rate for Generation X is 69.1% and the rate for baby boomers is 78.8%. Even so, millennials account for more than half of all new mortgages.

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The Robert Weiler Company

MARCH 15, 2021

Built on land that was once home to the Sunshine Terrace 11-story tower, part of the Riverside Bradley public housing complex was torn down in 2012 to make way for the innovative undertaking. From a unique commercial real estate perspective, it’s more straightforward. High Street from the convention center to 5th Avenue).

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Appraisal Today

DECEMBER 9, 2022

If you disagree with the request for appraisal submissions or have concerns or need clarification, please reach out for clarification. If you disagree with the request for appraisal submissions or have concerns or need clarification, please reach out for clarification. How to Reduce Appraisal Revision Requests. Ask questions.

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