Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. Property appraisal information Detailed outline or description of each property.

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Marketing Real Estate Agent Clients Tools 410

The Robert Weiler Company

APRIL 22, 2023

Also consider accessibility to transportation, proximity to target clients, and employee commute. Will clients visit the site? Consider property insurance (if buying) or rental insurance (if renting). A commercial tenant broker knows the market well and utilizes tools and connections. Will you need conference rooms?

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Tenants Real Estate Transportation Clients 78

Robinson Appraisal Group

NOVEMBER 16, 2018

As appraisers in this ever changing industry we have seen changes in the market, technology, bank requirements, emergence of management companies and appraisal form changes. The most recent Fannie Mae change is the removal of the 1004MC form in an appraisal. This requirement applied to loans delivered to Fannie Mae.

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Tools Appraisal Lending Inspection 78

Real Quantum

NOVEMBER 24, 2020

It’s important that they are always challenged to learn a new skill, scope of work, property type, or technology. When you motivate your commercial appraisal team and they excel at tasks assigned to them, they add value to the company. They do this through client relationships and should be rewarded for it.

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Appraisal Client Relationships Design Property Appraisal 64

AmeriMac

NOVEMBER 30, 2023

In this blog, we will take you through everything you need about commercial real estate appraisal, from defining the term and understanding its importance to exploring the different types of commercial properties that are appraised. Office Buildings Office buildings play a crucial role in commercial real estate appraisals.

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Appraisal Real Estate Appraisal Process Inspection 36

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

You may need the services of a licensed appraiser if you are selling your home yourself or if you want to know the value of your home for refinancing purposes. Prepare a short list of appraisers using the search tools at the Appraisal Institute, the American Society of Appraisers and the Appraisal Subcommittee.

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Real Estate Appraisal Valuation Loan Officers 36

McKissock

FEBRUARY 23, 2021

Additionally, it looks at the letter of engagement as a foundation for the assignment, and it gives helpful tips on how to improve your marketing skills and attract more non-lender clients. Residential Appraisal Review and USPAP Compliance. Residential Appraisal Review and USPAP Compliance. ” – Cheryl F.

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Appraisal Inspection Development Design 52

Housing Wire

AUGUST 31, 2023

What you’re probably wondering is, “What does this have to do with appraisal modernization?” Historically, traditional property appraisals have consumed significant amounts of time, contributing to delays in loan processing and frustrating both borrowers and lenders.

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Modernization Appraisal Inspection Valuation 395

McKissock

AUGUST 13, 2021

For a typical “as-is” Market Value assignment with a straightforward contract with no contingencies or conditions, there is probably nothing that an appraiser actually needs to see. If a property appraises for $200,000 for a refinance, then it is still a $200,000 property for a sale transaction.

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Contracts Appraisal Market Value Real Estate 64

Appraisal Buzz

FEBRUARY 21, 2022

This is especially true for property appraisers who may spend most of their time in the field visiting individual properties, rather than in the office or connected directly to the core network. Implementing Wi-Fi security protocols can help protect that network no matter where you’re accessing it from.

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Appraisal Property Appraisal Business Valuation 243

Listing Spark

JANUARY 15, 2024

There’s no lengthy approval process, which can be even more stringent for real estate investors with multiple properties or who are working through commercial lenders. You don’t need a property appraisal, which can sink a deal or lengthen the closing process. Opt for the former if you want access without an agent.

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Brokerage Investors Investing Real Estate 36

McKissock

DECEMBER 28, 2021

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.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

McKissock

JULY 28, 2020

I think going forward we probably won’t need the number of appraisers that we have today. There are those who continue to sing the praises of AVMs and other regression/modeling tools, and continue to claim that these tools will ultimately be the residential appraiser’s demise. Areas where AVMs are unreliable.

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Appraisal Tools Real Estate Property Appraisal 58

The Robert Weiler Company

APRIL 20, 2021

Also, as with a commercial property appraisal, hiring an experienced professional to assist in your endeavor will ensure that you make an intelligent decision for your business. This becomes a detailed process since many sole proprietors will use the same tools or equipment at home as they would on a job.

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Valuation Business Buyers Market Value 147

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.

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Appraisal Property Taxes Real Estate Market Value 145

Assurance Financial

NOVEMBER 28, 2023

A mortgage is a critical tool to have — it allows you to become a homeowner without putting down hundreds of thousands of dollars on the spot, and it lets you pay off your loan over time. Property search: You search for a property to purchase within the pre-approved loan amount. That grace period is often about 15 days.

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Mortgage Property Taxes Insurance HOA 69