Housing Wire

APRIL 6, 2021

How hybrid title and valuations help increase lending efficiency. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. But the most important thing is educating clients from day one. She recently had a deal fall apart due to appraisal.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 539

McKissock

DECEMBER 28, 2021

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. These are expected to be significant and far-reaching.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Cleveland Appraisal Blog

MARCH 30, 2021

When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. The number of professional reconsiderations of value coming in are increasing. I’m grateful that nearly half of my work these days is not for lending purposes. Good agents know this.

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Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

AUGUST 29, 2022

But I think that it’s going to help solve a lot of problems both now and in future as we move toward more modern valuation methods. And our mission over the last couple of years has really been to transform from an appraisal company to a full-service valuation company. SW: Does NAN utilize some of that technology right now?

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Modernization Appraisal Valuation Technology 370

Annarbor Appraisal

SEPTEMBER 6, 2020

The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. Limit the number of sales to three if possible. •

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Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Appraisal Buzz

FEBRUARY 7, 2022

The markets perceived no additional risk in transactions where the appraiser signing off on the valuation of the collateral being utilized for a credit decision did not physically inspect the property. It will give the reader of the report, and the person who will be providing the valuation, a visualization of what exists. Conclusion.

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Appraisal Inspection Development Technology 435

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 appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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Agents Appraisal Real Estate Agent Bracketing 89

Appraisal Today

NOVEMBER 4, 2022

It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. Reconsideration of value and Appraisers. Communicating with non-lender clients: Very, very different from lenders!! Lender decides You must match to client.

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Reconsideration of Value Appraisal Inspection Advertising 52

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. Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? So, let’s define it.

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Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

APRIL 7, 2023

Becoming a Go-to Appraiser for Realtors during a Confusing Time in the Industry Real estate agents and appraisers are taught different methods of valuation both in qualifying and continuing education as well as in the field. The review and analysis of the lender-selected sales are completely irrelevant to the report and opinion of value.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Birmingham Appraisal

SEPTEMBER 15, 2022

Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. There is always the possibility that the appraisal value is less than the contract price.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Appraisal Today

FEBRUARY 23, 2024

Allow the appraisers to speak directly to the lender/client, instead of going through the third-party agent. This will save time, especially when consumers request a Reconsideration of Value. To read the full Miller post with lots of comments on the Bias meeting, Click Here. Search for Sweeney to find it in the long post.

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Appraisal Real Estate Contracts Reconsideration of Value 68