FAQ 3: What’s the Difference Between an Appraisal and a Home Inspection
Riverfront Appraisals
JANUARY 18, 2023
This blog post is brought to you by the Guide To Appraisals series of e-books.
Technology platform Inspectify finds $5.76M in new funding
Inman
JULY 24, 2023
The company provides an automated solution for booking and conducting home and property inspections, using dynamic, smart interfaces that can greatly reduce time spent at homes, data integrity and improve downstream workflows.
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Home Inspections vs Home Appraisals
D Fritz Appraisals
AUGUST 12, 2019
What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Inspection? What Is a Home Appraisal?
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The Digital Transformation of Appraisal Data
Appraisal Buzz
FEBRUARY 28, 2022
Monthly MLS listing books and trips to the court house became a thing of the past. A lot has changed over the last two decades, but appraisal data and more specifically, appraisal inspections have remained unchanged. This is the digital transformation of the appraiser’s inspection data. 5G transmission speeds.
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Working For the End Goal
The Appraiser Coach
SEPTEMBER 5, 2023
I once read a book called First Things First, by Stephen Covey. That phrase, “first things first,” prompted a lot of thought for me a little while. Read More
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The (Real) Secret
The Appraiser Coach
MAY 16, 2023
I’ve never loved The Secret, as a book or a movie. Maybe I missed something, but the primary message I came away with after reading. Read More
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Be Nice or Be Quiet
The Appraiser Coach
JUNE 29, 2021
Back in the 1980’s an American minister by the name of Robert Fulghum published a series of essays in a book titled All I Really Need To Know I Learned. Read More.
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Your Business is Your Business
The Appraiser Coach
JANUARY 9, 2024
When I first started coaching, I was told by many people that I should write a book. I was on fire with the good news that you didn’t have to be frustrated with your job, working long hours and getting nowhere.
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Appraisal Foundation: Appraisers must take course on bias
Housing Wire
MARCH 3, 2021
The answers to these questions will be supplied to the test taker, but they will have to figure out where those answers can be found within the book on standards, called the Uniform Standards of Professional Appraisal Practice (USPAP).
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Replication: The Road to Productivity
The Appraiser Coach
JUNE 13, 2023
You’ve heard me talk before about the importance of having a book of procedures. Every job has those things that have to be done consistently, that repeat again and again in a never-ending cycle. But this principle begs the question: can you replicate that action? It sounds ridiculous to some, but this is the principle behind it.
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The (Real) Secret
The Appraiser Coach
MAY 16, 2023
I’ve never loved The Secret, as a book or a movie. Maybe I missed something, but the primary message I came away with after reading and watching it was that if I hope for something long enough, it will happen. What they were really missing was action.
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Scheduling Rush Orders
The Appraiser Coach
NOVEMBER 14, 2023
If you do that, then when Sarah from the bank calls and asks you to do her a solid, instead of saying “I can’t, we’re booked for the next 8 weeks,” you can say, “Looks like I can shuffle some things around and fit you in.” If you don’t end up with a rush order, use that time to work on your business (remember on it not in it).
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Buyers flock to Bay City, Michigan for ultra-low home prices
Housing Wire
MARCH 31, 2021
.’ And if I don’t find a buyer immediately when I list a property, I’m getting plenty of people making offers without even looking at the price or even doing an inspection.” “I’m booked all the way until 2022,” he said. ” Builders are backed up, too.
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Inventory needs to increase to balance housing market: Fed Beige Book
Housing Wire
JANUARY 19, 2023
While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.
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7 best real estate schools in Massachusetts for 2024
Housing Wire
DECEMBER 7, 2023
Exam Prep: The Basic Prelicensing package features three e-books and a course manual designed to help you retain essential real estate concepts and prepare for the state exam. Audio book, eBook, 1100+ practice questions, 24/7 on demand classes & Livestream online classes. 25 hrs livestream access. 40 hrs livestream access.
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Commercial Property Manager Maintenance Tips for Every Season
The Robert Weiler Company
SEPTEMBER 20, 2020
Inspect Equipment for Safety. Call upon a professional when inspecting the HVAC system. Aside from the leaves, it’s also an ideal time to inspect windows, doors, and rooftops for potential leaks and cracks. Inspect and Clean Debris. While inspecting the gutters, also check the property’s roof. Conduct a Roof Check.
Hot Seat: Bryan Bellacosa of ServiceLink
Housing Wire
JANUARY 31, 2021
It includes property preservation data, such as vacancy checks and inspections for damage repairs, foreclosure title status and title clearance information and claimable vs non-claimable expenses, current status for properties in auction, and more. The platform allows users to mitigate risk and maximize returns through informed decisioning.
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4 Ways to Help Manage Client Expectations
McKissock
JULY 6, 2022
For sellers, they need a clear understanding of what showings, open houses, and inspections could entail. For buyers, they need a clear understanding regarding booking showings and the implied commitment of time that appointments have. They should be educated on loan costs, contract fees, inspection expenses, etc.
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Communication Tips for Real Estate Can Mean a Smoother Transaction
McKissock
SEPTEMBER 6, 2021
Additionally, provide full contact information for any surveys, pest inspections, or home inspections. They encourage good communication between parties and ask that all inspections and walk-throughs be completed sufficiently ahead of the closing to avoid delays.
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New Year, New You: Transforming Your Appraisal Career in 2023
McKissock
JANUARY 6, 2023
Uniform Appraisal Standards for Federal Land Acquisitions (Yellow Book) – 14 hours. Drone Operator / Listing Photographer – As part of their inspection or as a paid service for listing agents, some appraisers are obtaining drone operator’s licenses (and drones) to take aerial photos of residential, commercial, or agricultural properties.
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Be A Crack Detective
Cleveland Appraisal Blog
JANUARY 21, 2021
Crack Detective Comic Book Series From the 1940’s. So, we will call for an qualified professional to inspect the situation to see what, if anything, needs to be done. Cracks develop when stress upon a dwelling exceeds its strength. There are many potential causes. Of course, sometimes, the foundation wall needs to be replaced.
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Top 10 Tips for Working with AMCs
McKissock
APRIL 20, 2021
Get them on the books and schedule them as quickly as possible. Complete orders quickly after inspection. After the appraisal inspection, complete your appraisal report within 24–48 hours. Update the AMC with any delays. Be sure to update the client if any delays or problems come up during the appraisal process.
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How to get a real estate license in Ohio (OH) in 5 steps
Housing Wire
NOVEMBER 30, 2023
If you already have a PSI account, you can log in to begin the booking process and schedule your test. Next, you’ll choose an exam date and time to book at that location. Next, you’ll choose an exam date and time to book at that location. If not, you can select “TESTS” to create your PSI account.
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The REO Guide: 10 Steps to Buying a Bank-Owned Home
PennyMac
DECEMBER 22, 2020
This is particularly important because of the timing of the REO homebuying process; lenders are motivated to sell and want to get these homes off of their books, so the more prepared you are with financing, the better. Make sure to consider the inspection process as you are making your offer. Step 7: Have the Property Inspected.
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Buying A Foreclosed Home In 6 Steps
Quicken Loans
JUNE 8, 2021
In some short sales, the owners’ bank agrees to take this loss to get the home sold and the mortgage (which might otherwise go into default) off their books. You might have to place an offer or bid before viewing or inspecting the home. You should also include a contingency for a home inspection in your offer.
10 Real Estate Tips BEFORE You Sell Your Home
Raleigh Realty
OCTOBER 10, 2021
Having to exit your home for a last-minute inspection may be among one of the most annoying things about trying to sell your home, however, you want to make sure you are giving as many buyers the chance to see your home as possible. Boost Your Home’s Curb Appeal Simply put, curb appeal is the attractiveness of the home from the outside.
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Victoria Real Estate Market 5-Year Predictions
D Fritz Appraisals
JUNE 28, 2022
Based in Victoria and offering appraisal services across Vancouver Island and the Gulf Islands, we offer appraisal services to support mortgage approval, new construction valuation and inspections. Contact us today to book an appraisal.
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For Sale By Owner (FSBO): A Comprehensive Guide for 2023
Listing Spark
OCTOBER 9, 2023
Tips for Reducing Stress and Maximizing Profits: Educate Yourself: Take advantage of resources, such as online forums, blog posts , books, and videos, to learn about the FSBO process, real estate terminology, and negotiation techniques. Consulting with an attorney can help ensure compliance.
What else is happening in and around your Seattle?
Will Springer Realtor
APRIL 11, 2022
And, for the first time in more than two years, the Central Library’s Book Spiral – on levels 6-9 – has reopened, as well as the 10 th floor Reading Room. This will be a must-attend show for classic rock fans or watch the streaming event. Public Library Fully Reopens The Seattle Public Library has resumed its pre-Omicron operating hours.
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Remove all bathtubs from home?
Appraisal Today
MARCH 8, 2024
By Peter Christensen Excerpts: Should “property data collectors” who inspect properties and provide information to real estate appraisers be licensed by state appraiser boards? Armour likely got the idea for the shape of his home from the book A Home for All by noted phrenologist, sexologist, and amateur architect Orson Squire Fowler.
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10 Types of Non-Lending Appraisal Work to Pursue this Year
McKissock
MARCH 28, 2023
.” Other (7%) Several appraisers selected “Other” and wrote in their own responses.
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The Elements of a Home Appraisal: An Explanation
Aedis Appraisals
JANUARY 2, 2018
Call to get more information and consider booking an appointment today. Have Your Appraisal Done: Once you receive confirmation of your appointment for a real estate appraisal in Toronto , an appraiser will show up at your property at the scheduled time to begin the inspection process.
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Practical Tips for Working With AMCs
Appraisal Today
NOVEMBER 4, 2022
Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. Property inspection date. Effective date.
Real Estate Firms Respond to Evolving Nature of Residential Sales
Will Springer Realtor
JULY 20, 2021
There was a time not too long ago when almost all residential real estate transactions required face-to-face customer interaction with a real estate agent/broker and ancillary services such as title, escrow, mortgage and home inspection. Partnering with Priority Home Lending , John L.
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Home Inspections: What Buyers Can and Cannot Do
Will Springer Realtor
JUNE 1, 2021
One of the most valuable components to a buyer’s offer is the home inspection contingency, an opportunity to check the condition of the property before agreeing to close the deal. It generally takes about an hour to inspect a condo and about 2-3 hours for a single-family home.
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The adverse market refinance fee on mortgages is unwarranted
Housing Wire
NOVEMBER 2, 2020
Keep in mind, over half of their guaranty book this quarter was rate and term refinances. Add in cash-out loans and the total refinance book is running approximately two thirds of total new production. . They have re-benchmarked their book, and continue to do so. The implications for the adverse market fee starting Dec.
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8 Ways to Increase the Value of Your Home
D Fritz Appraisals
MARCH 7, 2019
Book a Home Appraisal – Hiring an accredited appraiser at the beginning can help you understand what your home is worth in its current condition. A roof in poor condition will be flagged during a home inspection, allowing people to low ball or withdraw their offers. It’s often free! For most houses, it’s not a charming look.
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The Cost Approach: An Underutilized Approach to Value
McKissock
JULY 11, 2022
In contrast, I can seldom come up with a credible reason for not doing the cost approach, unless there was no onsite inspection of the property. If you feel you need some guidance, there are books and courses that include training on the cost approach, and on estimating depreciation. The same can’t be said for the other two.
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Apps for Appraisers
Appraisal Today
AUGUST 18, 2023
For other cities, we used comp books (sales), microfiche, and other sources. This was the same process many of us underwent with the exterior-only (drive-by) inspections. If the inspection and windshield time take 20 percent of the appraisal time, then the analysis, research, and development must take 80 percent.
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NFT mania and the future of the home sale
Housing Wire
MARCH 7, 2022
Historic records are recorded, “On big, old ledger books that are done on paper.”. The biggest reason home sales take almost two months to complete, Gottheim of the title trade group noted, is property inspection and mortgage underwriting. Propy said it is not against the home inspection process.
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What Is a Foreclosure and How Does it Work?
Quicken Loans
APRIL 12, 2021
When you buy a home at auction, you’re typically purchasing the home “as is” without an inspection or an appraisal. However, unlike purchasing a home at a foreclosure auction, you can get a home inspection and appraisal before buying an REO home. In some cases, the bank conducts an inspection after taking back the home.
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How to Become a Property Manager in California
CA Realty Training
JUNE 16, 2021
This is a requirement for everyone to complete if they want to book clientele. Also, property managers schedule home inspections. The first inspection happens when the tenant moves in, and the second happens when they move out. This process takes 18-24 months to complete. Step #7: Start Your Property Management Company.
Skepticism Can Lead to Poor Decisions
Cleveland Appraisal Blog
JANUARY 13, 2022
I know of some appraisers who do not measure the properties they appraise, even though they are expected to when making a physical observation (inspection). That’s the same reason many of our clients require that we make a physical inspection and measure the improvements of the property we are appraising. MEASURING.
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What to Unpack First in Your New Home
Zillow
JUNE 8, 2019
Inspect and organize your belongings. If you have young children, unpack some of their favorite toys, books, games and blankets during the first few hours in your new home. Make sure your home-to-be is spotless when your items arrive. Then have each of your possessions taken to the room where it belongs.
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