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Common Real Estate Appraisal Myths

East Coast Appraisal

Home Appraisal Is the Same As a Home Inspection. Indeed, a home appraisal and inspection have some similarities. Additionally, both techniques help the lender understand the value of the property. However, some key differences exist between home appraisals and inspections. Home Appraisal Value Is the Same as Market Value.

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Types of Appraisals that are in High Demand Due to COVID-19

Appraisal Hub

Despite the pandemic, the residential market is actually booming. Some suburban areas that used to be sleepy now have a thriving real estate market because more people from big cities are moving in, knowing that they can work from home. This type of appraisal is done without an appraiser personally inspecting the property.

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9 Things Clients Expect from Their Real Estate Agent

McKissock

This also includes similar listings, any off-market properties, or likewise properties in other areas your client may or may not have considered. Be Educated on the Market. Your client will look to you as the expert on their target market and areas of interest. Have a Defined Marketing Plan. Manage the Inspection.

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Preparing Your Home For an Appraisal

Eppraisal

The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise. Despite the super seller's market, appraisers are protecting the mortgage companies' interests.

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2024 USPAP For Appraisers

Appraisal Today

It was my favorite class as we could focus on issues in our current market. and “Are we getting the most probable value?” in context of a comprehensive database of property characteristics and market transactions. Fannie Mae sees the appraisal process as “inspection + value.” Very little competition and good fees.