Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. I had niece who had several horses for many years where she lived.

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Boston Appraisal

DECEMBER 11, 2023

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.

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McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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Birmingham Appraisal

SEPTEMBER 15, 2022

You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Home inspections are normally regulated by the state.

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D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. It takes the home itself, the neighbourhood and the available historical data into account to determine the most accurate valuation. Things like cracked tiles, broken fixtures or an outdated countertop can add up to thousands less in your home valuation.

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Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. 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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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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Eppraisal

NOVEMBER 9, 2021

They want to ensure the buyer is not paying too much for the home and be sure the home is worth the price on the contract. A real estate appraisal is a valuation of land or a property. Appraisers determine whether or not a home's contract price is fitting given certain factors. This is why the lender has an appraisal performed.

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Raleigh Realty

MARCH 23, 2021

Although there are real estate valuation sites available that can help provide an estimate on what your home may be worth, the only way to get an accurate list price is to spend extensive time doing a comparative analysis of other homes that have sold in your area. What Real Estate Contract do I Use When Selling For Sale By Owner?

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Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.

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Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.

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Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. It's one of the final steps after going under contract.

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Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. In fact, Rose predicts this could create the opportunity to get appraisals back in as little as 24 to 48 hours. “By

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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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McKissock

JULY 11, 2022

Harrison, in the Fall 2006 issue of his Real Estate Valuation Magazine Online, included an article titled “Let’s Resuscitate the Cost Approach.” The contract price on the house was $144,000…You taught me well, I can’t say enough that if you know how to use this form correctly, you can value real estate.”

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Appraisal Today

AUGUST 18, 2023

Be sure to put in a comment requesting it. == The Future of Property Appraisal: Unveiling the UAD Redesign and New URAR By: McKissock August 15, 2023 At the recent Valuation Expo conference in Las Vegas, Heather Sullivan (Aloft), Ken Defeo (Fannie Mae), and Sean Murphy (Freddie Mac) provided a peek at some of the upcoming changes.

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Eppraisal

JANUARY 29, 2023

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. A land appraiser must calculate valuation as much on the buyer's intentions for the land as on the characteristics of the property itself. As a result, this valuation often exceeds assessor estimates.

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Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” First, “third party” inspections.

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DW Slater Company

JULY 28, 2022

The prices that we are seeing for June are really reflective of what was happening when those sales went under contract about 30 days earlier. For Appraisers, a Question Worth Asking – Appraisal Buzz What is a Valuation Model? – Sacramento Appraisal Blog Is A Cubicasa Scan an Inspection?

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Birmingham Appraisal

JUNE 1, 2022

If financing were not an issue, and the buyer couldn’t care less about how their contract price compared to other similar properties, it would just be a matter of connecting the buyer with the seller and signing on the dotted line, but life isn’t always so easy. There can be numerous reasons for a slowdown in pending sales.

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Appraisal Today

APRIL 14, 2023

Our opinions are sought for work as varied as bankruptcy, estate, charitable contributions, pre-listing, before-and-after valuation, among other reasons. As it is, roughly two-thirds of residential press As it is, roughly two-thirds of residential property valuations are aimed at Fannie and Freddie Mac mortgages. Worth reading.

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Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. Instead of getting a traditional appraisal, the bank will use an Automated Valuation Model or AVM.

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Aedis Appraisals

JUNE 13, 2017

House appraisals in Toronto serve the distinct purpose of ensuring that homeowners aren’t overpaying for their properties because the collateral for a given mortgage contract is almost always the actual structure in question. Home Appraisal and Home Inspection Differences. How Does the Process Work?

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The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. Note: A commercial property valuation is considered the equivalent of an appraisal, and the words are sometimes used interchangeably. You may need a commercial valuation for many reasons.

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Aedis Appraisals

JANUARY 12, 2018

Valuation of vacant lots and land. Commercial entity valuations. Tax disputes and valuations. Adjustments to past valuations. This is why a professional inspection and impartial analysis is so vital nowadays; an appraisal provides a precise outlook for the intrinsic value of a given structure or lot.

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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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Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Low Appraisals: When the appraised value of a property is lower than the contract price , it can cause problems.

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Lifestyle Properties of Maine

AUGUST 6, 2019

What if the home doesn’t appraise for the contract value? Some people confuse a real estate appraisal with a home inspection. An inspection an investigation of a home by a licensed inspector. Following the accepted contract is the period for completing due diligence this could include inspections, securing financing, etc.

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The Robert Weiler Company

OCTOBER 15, 2021

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. During the real estate due diligence process, a responsible CRE investor will spend weeks scrupulously inspecting all aspects of the commercial property for sale.

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Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer. Finding Your Own Comps.

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Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer. Finding Your Own Comps.

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Housing Wire

JANUARY 11, 2024

There are a lot of agents today that still prefer having their customers sign contracts manually, with physical signature. But having some experience with that, I didn’t really want to find contract offshore providers. And there are some states or even some geographies within states that still mandate that. But it’s weird.

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. which can relate to valuation. He remembered me from Valuation 2000. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49

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Benyon Commercial Appraiser

JULY 14, 2014

These included providing relevant information to the appraiser, appraiser independence and whether or not is it acceptable to accompany them during the inspection. Upon engagement for an appraisal, I typically request a number of items upfront such as leases, purchase contracts, financial statements, and rent rolls.

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Property Metrics

AUGUST 13, 2020

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. These factors also cause property valuation to increase. These factors all result in lower property valuations. Property owners can increase rental rates and expect low vacancy rates and collection loss.

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Appraisal Today

OCTOBER 7, 2022

The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. 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 15-year fixed-rate mortgages increased to 5.96

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The People's Appraisal Blog

MAY 3, 2018

In this example of client pressure, a subject property appraised for $180k; the contract was for $225k. In another example, a subject appraised for $370k, the contract was for $385k, the list price was $400k (this is important). Five comparables were provided on the subject street including one across the street.

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