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How Residential Real Estate Appraisers Can Benefit and Help Accountants Do Their Job

Birmingham Appraisal

Appraisers can provide detailed property appraisals based on market conditions, comparable sales, and property-specific factors, aiding accountants in preparing reliable financial statements. In summary, residential real estate appraisers are not just invaluable to buyers and sellers in determining property values.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.