McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Blog post: Advice for Working with Difficult Clients.

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Appraisal Contracts Market Value Clients 103

Housing Wire

DECEMBER 10, 2021

Through November of this year, Versus has sponsored 10 non-QM private-label securitizations valued at more than $5 billion, according to a review of bond-rating reports, Even if the non-QM private-label market grows to $40 billion next year, that is still only a fraction of the market’s loan-origination potential.

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Lending Mortgage Finance Government 467

Appraisal Today

APRIL 1, 2023

I tend to put a similar amount of effort into the communication side for all clients, and like to think that my work product is solid. Never use a lending form (such as a 1004) for estate work. Get the relevant date of value from the client or the client’s attorney. Yes, appraisers do this.

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Clients Appraisal Contracts Business 52

Appraisal Buzz

OCTOBER 3, 2022

The second thing, and most everyone who is tracking this data already knows this, is that this data and the indexes that spring from them are all lagging indicators of the health of a given market. In a market that moves as quickly as ours is, often that can be too old. The data we see is typically a few months old.

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Appraisal Marketing Real Estate Inventory 370

Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. Determining Asset Values for Financial Reporting Enhancing Financial Accuracy with Appraisals Accurate financial reporting is essential for businesses and individuals alike.

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Real Estate Appraisal Valuation Legal 65

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. Clarify What Value or Values are Needed. Lenders, what’s in it for you?

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Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

AUGUST 31, 2023

As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction.” Fannie Mae’s Value Acceptance + Property Data program and Freddie Mac’s ACE+ PDR waive the traditional appraisal requirements for qualifying loans.

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Modernization Appraisal Inspection Valuation 329

Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

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Inspection Appraisal Buyers Appraisal Process 423

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Value Scenarios. What is Market Value As Is and When is it Used? Prospective Values.

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Appraisal Process Appraisal Market Value Tenants 148

Birmingham Appraisal

JUNE 13, 2023

I believe that appraisers and agents have a common goal: to help their clients buy or sell a home. This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. These factors can create a bidding war that inflates the price beyond what the market can support.

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Real Estate Agent Real Estate Agents Reconsideration of Value 81

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies.

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Appraisal Marketing Market Value Development 99

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. Does this seem healthy to you?

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Housing Market Marketing Reconsideration of Value Contracts 367

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

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Appraisal Tenants Investors Business 148

AmeriMac

MAY 15, 2024

Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

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Appraisal Market Value Mortgage Appraisal Appraisal Process 36

Housing Wire

OCTOBER 9, 2023

Campbell is now something of a JV guru, having completed over 80 joint ventures with real estate or lending firms. What the investigators are finding — not in every case, but in a majority of the cases — is that the investment is proper and they are paying fair market value for the investment.”

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Real Estate Insurance Brokerage Real Estate Agent 425

Birmingham Appraisal

FEBRUARY 8, 2023

For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes. It seems that Fanniemae and the lending industry have hopped onto this bandwagon and they are dragging and pulling appraisers along with them.

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Realtors Appraisal Market Value Real Estate Agent 80

McKissock

NOVEMBER 16, 2021

When you receive a reconsideration of value request, there are proven ways to handle these requests, adhere to USPAP and applicable regulatory requirements, and preserve a rock-solid relationship with your client. If the ROV has a deadline that is unattainable, you should inform the client immediately. Confidentiality.

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Reconsideration of Value Clients Appraisal Real Estate Agent 91

Simonson Real Estate

OCTOBER 23, 2020

COVID-19 Market Analysis – Insights and Impact Analysis. COVID-19 Market Analysis – Insights and Impact Analysis. The client should be clear that the assessment is performed at a point in time and that the market value opinion is – as of a specific date – the effective date. What are Banks Lending On?

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Appraisal Retail Tenants Real Estate 143

Cleveland Appraisal Blog

JUNE 10, 2021

Sometimes, they were not my client at that time. Years later, they may need an appraisal for a purpose other than lending. A couple of weeks ago, a homeowner hired me to appraise a four-unit apartment because they want to sell it, and needed to know the market value of the property, to know how much to sell it for.

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Business Advertising Appraisal Real Estate 273

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 78

Appraisal Tenants Investors Business 78

Birmingham Appraisal

AUGUST 2, 2023

A licensed appraiser demonstrates commitment and accountability to their clients and the industry. Specialization in your specific market Real estate markets, like the Birmingham area I work in, can be multifaceted, with each neighborhood having its unique characteristics.

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Appraisal Agents Valuation Real Estate 73

Cleveland Appraisal Blog

JANUARY 19, 2023

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. Are homes like this common in the area? What about financing?

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Appraisal Buyers Transportation Real Estate 284

McKissock

JUNE 8, 2021

In this case, he was also the client. He ordered appraisals from three different appraisers, and the purchase price was to be the average of the three value opinions. She threatened to turn me in to the State because she said: “It’s against the law for two different appraisers to have different value opinions.”

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Appraisal Contracts Clients Law 73

Realvals

JUNE 18, 2023

In the first scenario, an appraisal gives you an objective perspective on the property’s value to ensure that you don’t overpay for your new home. I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. The appraisal gives them peace of mind in either case.

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Appraisal Property Taxes Real Estate Market Value 145

Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. What is a Mortgage Appraisal? Appraisal vs Home Inspection.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

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Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. If any issues or discrepancies are identified, the AMC works with the appraiser to address and resolve them before delivering the final report to the lender or client.

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Appraisal Appraisal Process Valuation Real Estate 36

Simonson Real Estate

JUNE 10, 2020

This means their work is done and they can rest easy while feeling confident that the appraisal report supports the market value conclusion. Within just the past month, several clients completed appraisal reviews with no feedback for us (picture the appraiser saying YES with a silent fist bump!). Bottom Line.

Real Estate 148

Real Estate Appraisal Clients Valuation 148

Genworth MI Blog

JUNE 27, 2019

This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. The Truth in Lending Act (TILA) contains rules addressing appraiser independence. Market value has some key elements that we must understand.

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. The Truth in Lending Act (TILA) contains rules addressing appraiser independence. Market value has some key elements that we must understand.

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Appraisal Tips Appraisal Law Market Value 78

Appraisal Today

FEBRUARY 16, 2024

Never use a lending form (such as a 1004) for estate work. Get the relevant date of value from the client or client’s attorney. If an executor of an estate is hiring you, for example, just say the executor is your client and only intended user (add the IRS if it’s relevant). Yes, appraisers do this.

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Appraisal Contracts Training Architecture 80

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. The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it.

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Agents Appraisal Real Estate Agent Bracketing 89

Appraisal Today

SEPTEMBER 15, 2023

Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc. If this article helped you understand private money lending and get appraisals, it is worth the subscription price!

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Appraisal Real Estate Agent Contracts Real Estate 82

Cleveland Appraisal Blog

MARCH 18, 2021

My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal. My research and analysis showed that the buyer was about to spend a much higher price than the true market value of this home. We’ve all heard of predatory lending. Is it worthy of belief? .

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Appraisal Investors Buyers Market Value 195

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.

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Appraisal Reconsideration of Value Agents Market Value 78

Clear Capital

DECEMBER 21, 2022

With so much at stake, a credible appraisal report with the appropriate comparable sales is key to determining the market value of a property and protects the investment of the parties involved in the transaction. The “magic” of adjustments must be adequately explained, so the client is assured of a “market-based” reconciled value.

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Appraisal Bracketing Clients Market Value 69

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?”

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Reconsideration of Value Appraisal Clients Contracts 52