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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. Meeting these eligibility criteria is the first step in applying for a reverse mortgage. Boosting curb appeal can positively impact the appraisal outcome.

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What About Those Fixer-Uppers? Insights from a Seasoned Appraiser

McKissock

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. There is virtually no way to get a mortgage on the property in its present condition, so it takes a cash buyer. Actually, considering holding and sale costs, this type of buyer would lose money.

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What Is Appraisal Review in Real Estate?

AmeriMac

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. This is why home appraisals are advised to ensure property costing is as fair as possible. What Is an Appraisal? Field Review.