Remove Construction Remove Renovations Remove Training Remove Valuation
article thumbnail

Like it or not, desktop appraisals are here to stay

Housing Wire

In a December 2020 request for information, FHFA highlighted potential benefits of desktop appraisals, including assisting training of new appraiser trainees, and alleviating appraiser shortages in rural and high-volume areas. It also pointed out potential pitfalls of a non-traditional approach.

Appraisal 363
article thumbnail

Understanding desktop appraisals and how to use them for home valuations

Clear Capital

With a desktop valuation, appraisers use extensive data gathered by third parties and public records in place of a physical inspection to complete the appraisal. We have the technology, trained network of property data collectors, and experienced appraisers that lenders need to seamlessly adapt to the change. or its subsidiaries.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

To Desktop or Not to Desktop, That is The Question

DW Slater Company

INvision Capture – This tool from Class Valuation provides a floor plan and sketch to ANSI standards. Appraisers have been trained in knowing what to look for. If the property information is being provided from a third party are they trained? InsideMaps – A tool that provides mapping, sketches, and tours of homes.

Tools 149
article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Estate settlements.

Appraisal 105
article thumbnail

How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

article thumbnail

Why Appraisal Workfiles Are Important

Appraisal Today

Lanham, 20/20 Valuations, and loanDepot.com, U.S. They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination. District Court, Maryland. The settlement does not include the defendant appraiser.

article thumbnail

What New Appraisal Specialty Do You Wish to Break Into?

McKissock

Gentrification and renovations are rapidly increasing values. ” “The Central Texas market is experiencing a shortage in housing supply and I’ve seen a smaller portion of my valuations reaching the sales price. ” “Currently a little over halfway through the training requirements.