Remove articles housing-activity-to-remain-limited-by-mortgage-rates-home-prices-fannie-mae
article thumbnail

Non-Arms Length Sales for Appraisers

Appraisal Today

Therefore, the final price may not reflect the market value of the property. I always tell them that the sales price will be reduced. I have also done many relocation appraisals, done before the home is listed. You are “graded” on how close you come to the sales price. It’s a good discussion of this topic.

article thumbnail

Is Now the Right Time to Sell Your Home in Texas? An In-Depth Analysis

Listing Spark

Recent shifts have left many homeowners wondering if now is the opportune time to sell their homes. National Landscape: Indications of a Seller’s Market As detailed in a recent article by Matt Carter published on June 9, 2023, a national sentiment heavily favoring sellers prevails 1.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fannie Files Complaint Against Appraiser

Appraisal Today

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. Prices for all types of residential properties were rising rapidly, and this held especially true for niche properties that consumers believed would make a good short-term rental.

article thumbnail

NAR Member Survey on Appraisal Data Collectors

Appraisal Today

Broker-Associates and Appraisal Licensees accounted for 13% and two percent, respectively, while the remaining two percent reported holding other types of real estate licenses. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. I drove by the house and looked at what was nearby, etc.

article thumbnail

What Tools for Measuring Houses for Appraisals

Appraisal Today

What tool do you prefer to use when measuring a house? All appraiser E&O policies will include a “Retroactive Date” (also referred to as your Prior Acts) which is the date you purchased your first E&O policy and it is the first date where coverage is effective for your operations and activities. Phone app. – The 8,000+ sq.

Tools 76
article thumbnail

The End of Lender Appraisals?

Appraisal Today

The End of Home Appraisals? In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

article thumbnail

Apps for Appraisers

Appraisal Today

The company boasts a 99% accuracy rate as well as powerful voice editing capabilities. Appraisal Business Tips Humor for Appraisers Fannie: Words and Phrases in Appraisals Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! It can even scan handwriting and convert it into text.