Birmingham Appraisal
FEBRUARY 20, 2024
One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy. Related posts: The Pitfalls of Outlier Sales in Pricing a Listing What is bracketing and why should Realtors do it?
Portland Appraisal Blog
AUGUST 8, 2020
The appraisal report is not for lending: The overwhelming majority of appraisal reports are written for a lending institution due to a sale or refinance—certainly over 90% and most likely approaching 99.9%. Sometimes the report is not for lending and the effective date of value is not contemporary but is a point in the past.
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Lamacchia Realty
MARCH 12, 2024
They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Lenders lend based on the appraised value or purchase price (whichever is lower), so if you offer based on the higher list price, you’re responsible for covering the difference. Real estate is a long game.
Clear Capital
NOVEMBER 14, 2022
Delays in responding to revision requests can have a serious impact on all lending parties during the review process. This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. Reduce lengthy commentary.
Genworth MI Blog
NOVEMBER 29, 2018
Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. Training is accomplished by using examples of acceptable rural appraisals as training tools for underwriters. I refer to this approach as high-level bracketing.
Genworth MI Blog
NOVEMBER 29, 2018
Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. Training is accomplished by using examples of acceptable rural appraisals as training tools for underwriters. I refer to this approach as high-level bracketing.
Lamacchia Realty
JANUARY 10, 2022
They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Lenders lend based on the appraised value, so if you offer based on the higher list price, you’re responsible for covering the difference. Here are five homes that recently sold for over asking price: Escalation Clause.
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