Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. You can read more about property inspection waivers in a past article I wrote.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Birmingham Appraisal

AUGUST 23, 2023

When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened. A mutually respectful partnership ensures that each of their clients receives informed advice, leading to confident decisions.

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Agents Appraisal Valuation Appraisal Process 82

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. An AMC can offer different levels to their clients, depending on how much reliability their lender customers want or need. Most of the inspection training we receive as appraisers happens in the field. Inspection training was very good. Read the full report.

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Appraisal Today

JANUARY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Pick one client to start with. Excerpts: 4 Bedrooms, 4.5

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Appraisal Today

MARCH 31, 2023

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market.

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Realtor

FEBRUARY 22, 2019

If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. To get a mortgage, you’ll need a home appraisal because the home serves as collateral for your lender. Sorry, not yet. What’s a buyer to do?

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Realtor

FEBRUARY 22, 2019

If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. To get a mortgage, you’ll need a home appraisal because the home serves as collateral for your lender. Sorry, not yet. What’s a buyer to do?

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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.

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McKissock

JULY 19, 2022

Hasty changes to terms and conditions of the housing contract. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. Looks can be deceiving, so be sure to ask for the paperwork showing that routine inspections have been performed.

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McKissock

JANUARY 18, 2022

Dale Schaechterle, the founding partner and CEO at Realty Executives Integrity , shares with Forbes that the services of a good real estate agent are essential for a first-time home buyer given the complicated network of mortgage rates and tax laws that they will have to navigate. Download for free here. Avoid Pitfalls.

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Birmingham Appraisal

FEBRUARY 20, 2024

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what.

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McKissock

JANUARY 6, 2023

You should also consider non-QM lenders (non-qualified mortgage lenders). Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. These may be full-time jobs or contracted services.

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Raleigh Realty

MARCH 23, 2021

One last story and then we will dive in: One of my clients was told by three agents to list his home for $395,000 - Raleigh Realty advised we list for $400,000. That is a $35,000 swing for my client who asked if he could give us a bonus. What Real Estate Contract do I Use When Selling For Sale By Owner?

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Real Estate Agent Real Estate Realtors Contracts 133

CA Realty Training

SEPTEMBER 6, 2021

We will discuss the three contingencies that you’ll see, which are appraisal, inspection, and loan. So, the buyer will pay for an appraiser to inspect and write a report on the home’s value. What is an Inspection Contingency? A general inspection contingency is to understand the home’s structural integrity.

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The Robert Weiler Company

MARCH 29, 2023

With regularly scheduled inspections, potential issues are discovered early on before it turns into an emergency. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Do you have a preferred method of communication with clients?

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Eppraisal

NOVEMBER 12, 2021

Your buyer's mortgage lender is the appraiser's client so your buyer's bank or mortgage company orders the appraisal. The mortgage lender has financial interest in your home which your buyer is purchasing. That's why neither you nor your buyer is the appraiser's client. What Does the Appraiser Do?

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Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. What Happens to the Earnest Money if the Contract is Canceled?

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. No inspections or appraisals? USPAP and the Contract.

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. Or hit the reply button.

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Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information. Mortgage applications decreased 4.1

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Rowe Appraisal Group

MAY 6, 2020

Often before a property is purchased using a loan from a mortgage company, it must be appraised and inspected. Many homeowners confuse the appraisal inspection and the home inspection and ask me what the difference is. Here are some of the main ways that appraisals and home inspections are different and also overlap.

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Appraisal Inspection Buyers Contracts 36

Rowe Appraisal Group

MAY 6, 2020

Often before a property is purchased using a loan from a mortgage company, it must be appraised and inspected. Many homeowners confuse the appraisal inspection and the home inspection and ask me what the difference is. Here are some of the main ways that appraisals and home inspections are different and also overlap.

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Appraisal Inspection Buyers Contracts 36

Appraisal Today

APRIL 14, 2023

NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc. It is a place where we can show our clients just how valuable an appraisal can be.

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McKissock

OCTOBER 9, 2020

.” “When researching a subject property, you’ve got to have a good feel for all the time involved—how long will it take to drive to the home, inspect it, research it and complete the report? You’ve got to use all of that information to appropriately plan your days so you meet your clients’ expectations.”

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Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. Bunzel was also able to provide some helpful tips for appraisers as far as how to communicate with their clients about CO detectors.

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Appraisal Inspection Easement Contracts 52

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. What’s a Rolodex?! Concerned the hot-water heater may be on its last leg? and “Was it fair?”.

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Real Estate Sellers Contracts Buyers 36

Town & Country Residential Appraisals

JANUARY 24, 2020

They ask you at the inspection “So, how much do you need this to come in at?” That’s a step towards mortgage insurance fraud and a lost license. Make no mistake - these individuals are trying to shift the liability for mortgage fraud from themselves to another party. They always come in at exactly the contract price.

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Appraisal Market Value Contracts Clients 36

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . Mortgage lenders often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. The home appraisal has been requested…the waiting begins. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . Mortgage lenders often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. The home appraisal has been requested…the waiting begins. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

Birmingham Appraisal

JUNE 1, 2022

Granted, the job of a real estate agent is to get the highest price for their client, but they must still live in the real world by studying historical sales trends. In the real world, most buyers obtain financing and even the ones who don’t require a mortgage loan are very concerned with the quality of their investment.

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Eppraisal

MARCH 13, 2021

Exclusive Buyer Broker Services A buyer's broker has a fiduciary responsibility to his clients. Help get you pre-approved for a mortgage. * Explain documents such as contracts and disclosures. * Help you arrange inspections. Explain documents such as contracts and disclosures. * Help you arrange inspections.

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Eppraisal

APRIL 20, 2021

Have Your Financing in Order If you're in the market to buy a home in the near future, the most important item on your agenda is to have proof that you have enough cash for the purchase or are pre-approved for a mortgage. A mortgage company will not lend more money than the house appraises for. Then comes the issue of the appraisal.

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Sellers Loan Officers Inventory Home Value 66

Housing Wire

JANUARY 11, 2024

” Rich Weidel, Princeton Mortgage CEO : “I’m in some owners working groups, and somebody will bring up a tech and either they’re having great success and we’re struggling with it, or we’re having great success and they’re struggling with it. And there are some states or even some geographies within states that still mandate that.

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Appraisal Today

SEPTEMBER 23, 2022

Excerpts: … senior leaders at AMCs, lenders and the GSEs have noted that slower appraisal volume will favor those appraisers who can stay in communication with their clients and provide faster turn times. The upcoming October issue of the monthly Appraisal Today has an article, “Which are your best current and former AMC/lender clients?

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Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. As an agent, being aware of the type of appraisal ordered can mean the difference between a property appraising for the contract price or not.

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Appraisal Today

OCTOBER 7, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem. Mortgage applications decreased 14.2

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Benyon Commercial Appraiser

JULY 14, 2014

These included providing relevant information to the appraiser, appraiser independence and whether or not is it acceptable to accompany them during the inspection. Upon engagement for an appraisal, I typically request a number of items upfront such as leases, purchase contracts, financial statements, and rent rolls.

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