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Tools To Support Appraisal Adjustments

Appraisal Today

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” Popular tools include Synapse by Spark, Solomon Adjustment Calculator, and Redstone by Bradford Technologies.

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Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property.

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Paperless Appraisal Office?

Appraisal Today

Making the shift to get rid of printed documents and handwritten notes isn’t easy at first, but by going one step at a time and relying on your appraisal software’s tools, you’ll be paperless in no time. Two appraisers may be working to develop an opinion of the market value of the same property. percent from 7.01

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Appraiser Has Very Big Problems With Borrower

Appraisal Today

An example of this in real estate appraisal is the purchase and sale contract. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. In and of itself, it is not market value. The average contract interest rate for 5/1 ARMs decreased to 6.14

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More Crazy Appraiser Stories!

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. Marketing with Holiday Gifts and Cards – An Easy, Excellent Marketing Tool! Not what you would expect!

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NAR Appraiser Survey July, 2023

Appraisal Today

This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. Properties sold due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than market value. To read more, click here My comments: worth reading, or skimming.

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Appraising Historical Homes

Appraisal Today

Many downtown mixed-use buildings (retail and apartments) are in my city. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” from 0.59 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. ” 5. percent from 6.80