Remove Contracts Remove Inventory Remove Modernization Remove Presentation
article thumbnail

Remove all bathtubs from home?

Appraisal Today

The present bill also refers to requirements for data collectors established by the Appraiser Qualifications Board, which do not exist. housing market presents a landscape of contrasts and evolving dynamics. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA was unchanged at 6.86

article thumbnail

USPAP Myths for Appraisers

Appraisal Today

Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. baths An architectural masterpiece designed by World renowned architect Harry Gesner and a wonderful fusion of modern architectural style with Gothic castle. Excerpts: 4 Bedrooms, 4.5

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Appraisal Workfiles Are Important

Appraisal Today

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. February 2024 marked a dynamic period in the housing market, presenting opportunities and challenges for real estate appraisers. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.74

article thumbnail

State Appraisal Boards – What Do They Look For?

Appraisal Today

Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.43

article thumbnail

Fannie: Words and Phrases in Appraisals

Appraisal Today

(Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

article thumbnail

VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers. That’s what I did. More Signs of Slowing – A Peek at July Data.

article thumbnail

Appraisals – Check the Water Source!

Appraisal Today

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. ==. Excerpts: the 14,500-square-foot modern home where almost every room offers an excellent view. USPAP and the Contract. Therefore, they say, keep the contract!