Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01 Nationwide, Realtor.com® percent from 0.5

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Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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Easement Contracts Appraisal Inspection 52

Appraisal Today

OCTOBER 20, 2023

The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. The lender may also contact the In-Plant Primary Inspection Agency or the manufacturer for the HUD Data Plate information. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 7.36

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Appraisal Today

AUGUST 18, 2023

This was the same process many of us underwent with the exterior-only (drive-by) inspections. Over time, we became accustomed to these assignments and agreed to perform them when we felt that a limited scope of work (an exterior inspection only) could still produce a credible appraisal. percent from 7.09 percent from 7.04

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Appraisal Today

JANUARY 5, 2024

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.76 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.51

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Appraisal Today

JUNE 2, 2023

Solutions to Keep You Safe Make sure you have a complete signed purchase contract. In the appraisal, list how many pages of the contract you have in your possession (In case someone is hiding pages from you). The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.85 percent from 6.69

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The Robert Weiler Company

MARCH 29, 2023

With regularly scheduled inspections, potential issues are discovered early on before it turns into an emergency. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Is there a fee for early termination of the property manager company contract?

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Appraisal Today

MARCH 8, 2024

By Peter Christensen Excerpts: Should “property data collectors” who inspect properties and provide information to real estate appraisers be licensed by state appraiser boards? The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.02 percent from 7.04

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Appraisal Contracts Real Estate Housing Market 82

Appraisal Today

NOVEMBER 4, 2022

Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. Property inspection date. Effective date.

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Appraisal Today

MAY 24, 2024

The vendor works its magic (I would encourage anyone interested at this stage to visit the one identified vendor webpage ([link] and especially click the link to “Appraisals and Inspections” to see how the product can be used for the stated purpose). The average contract interest rate for 5/1 ARMs decreased to 6.48

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Appraisal Today

MARCH 31, 2023

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.56

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Appraisal Today

JULY 15, 2022

Is A Cubicasa Scan an Inspection? Therefore, some may consider scanning a home to generate a floor plan and obtain measurements to be an inspection. We just need to disclose what we did or did not do when it comes to a property inspection. My comments : Good discussion on what is an inspection and who can do it.

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The Robert Weiler Company

APRIL 15, 2022

A more established company might choose a commercial space to lease because the contract offers more security over the long term. A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. A percentage lease is typically only used for retail space for lease. Percentage Lease.

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Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Fee Appraisers will be gone in 5 years being relegated to measuring houses, property inspection, and basic condition reporting. Could a seller credit damage the chance of appraising at the purchase contract? It sounds a bit suspect, right?

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Appraisal Today

DECEMBER 1, 2023

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.37 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) increased to 7.54 The average contract interest rate for 5/1 ARMs decreased to 6.59

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Appraisal Today

OCTOBER 6, 2023

Fannie Mae sees the appraisal process as “inspection + value.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.53 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.29 percent from 7.41

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Appraisal Today

NOVEMBER 17, 2023

There have been many times there were homeowners that were hostile toward me because they were unaware that I was black, until I showed up for the inspection. I would always finish the inspection and never be rude to them. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 7.36

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. This is the future of GSE using appraisers. percent from 6.50

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Cleveland Appraisal Blog

MARCH 18, 2021

As a teenager, my friends would describe to me experiences they had in retail stores, in which they were watched uncomfortably closely by store clerks. When I made my inspection, I measured the property. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. WHAT SHOULD AN APPRAISER DO?

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. No inspections or appraisals? USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. My Comments on Market Changes.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information. percent from 6.45 percent from 6.27

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Appraisal Today

OCTOBER 13, 2023

Revising the definition of personal inspection For purposes of clarification, the ASB revised the definition of personal inspection to read, in part: “(for an appraisal assignment) the appraiser’s in-person observation of the subject property performed as part of the scope of work…” There are three key elements to this definition.

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Appraisal Law Contracts Business 80

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. As you may remember, the young Jedi-to-be is seen inspecting with dismay his recently chartered flight, the Millennium Falcon, for a speedy trip to the planet Alderaan.

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Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. I request any reports, such as termite or home inspection, even old reports, but rarely get them. I never use the terms.

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Appraisal Today

FEBRUARY 2, 2024

A redesigned, dynamic URAR will replace the numerous and separate appraisal forms and can be used for different property types, such as two-to-four units, condominiums, and manufactured homes, and for different scopes of work, such as interior and exterior inspections, updates, and completion assignments. percent, with points increasing to 0.65

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Appraisal Contracts Training Real Estate 66

The Robert Weiler Company

NOVEMBER 9, 2022

Once you have finalized your Columbus, Ohio property search with a property you’re interested in, there are key areas to inspect; look for damp spots and mold, and check out the woodwork, roofing, ceilings, doors, windows, cupboards, electric, plumbing, and heating. billion of new commercial real estate construction contracts in 2021.

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Appraisal Today

MAY 5, 2023

Many appraisers have expressed that they will never sign a report they didn’t personally inspect. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.50 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.43

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Appraisal Contracts Architecture Law 52

The Robert Weiler Company

OCTOBER 15, 2021

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. Skimping out of the physical inspection.

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Appraisal Today

APRIL 28, 2023

You can always do desktops and inspections for low fees and fast turn times, of course. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.55 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.41

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Listing Spark

DECEMBER 1, 2022

What kind of inspections should you consider getting before listing your home on the market. If you’re a retail seller and you’ve been living there, but you know, you did different upgrades, different things that maybe don’t stand out or don’t pop right away. List that stuff out, make a pdf, like write out.

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Appraisal Today

APRIL 14, 2023

Or desktop appraisals and inspection only. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.30 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) decreased to 6.26 Diversify!!

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Appraisal Today

OCTOBER 7, 2022

Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.75 The average contract interest rate for 15-year fixed-rate mortgages increased to 5.96

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Appraisal Contracts Architecture Housing Market 52

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49 The average contract interest rate for 5/1 ARMs decreased to 5.48

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Appraisal Today

MAY 20, 2022

They ended up converting the assignment to a traditional type of appraisal so that I could just make the inspection myself. Fewer pending contracts (big news): We’ve seen a dip in pending contracts over the past few weeks, which speaks to shifting demand. The average contract interest rate for 5/1 ARMs decreased to 4.42

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

NOVEMBER 20, 2022

Failures to personally inspect and photograph comparables. But homes are more valuable than offices, retail, etc. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.90 The average contract interest rate for 5/1 ARMs decreased to 5.73

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Appraisal Today

SEPTEMBER 23, 2022

” “Inspections in a rural area put me on the road up to 200 miles in one day. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.25 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.85

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The Robert Weiler Company

OCTOBER 21, 2022

In general, the full cycle of the commercial real estate appraisal process can take several days to weeks, when you factor in the inspection and subsequent investigative work. Rent a section to retail establishments. Retail tenants can also attract more visitors (if they have outside entrances) and add a new revenue stream.

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