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Non-Arms Length Sales for Appraisers

Appraisal Today

What should appraisers look for in a sales contract? Moreover, the increasing correlation between home values and neighborhood racial composition highlights how technological tools, intended to streamline processes and improve accuracy, can inadvertently exacerbate discriminatory practices.

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Fannie: Words and Phrases in Appraisals

Appraisal Today

In addition, our lenders and GSE’s are implementing tools and programs to identify when “Certain prohibited, subjective or potentially biased words or phrases are included in appraisal reports.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.77

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Apps for Appraisers

Appraisal Today

This tool is excellent for making copies of tax records, floor plans, etc. Listen in as Bryan Reynolds reviews what USPAP says and suggests ways for appraisers to handle appraisal reports if you don’t have the data tools you need to create credible results. The average contract interest rate for 5/1 ARMs decreased to 6.20

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Appraiser Adjustment Tools

Appraisal Today

What Tools Do You Use to Support Your Appraisal Adjustments? McKissock Survey Excerpts: Here’s a tally of the most popular answers—tools that were either selected or written in by multiple respondents. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.45 percent from 6.62

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Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. Nothing wrong with that. I learned a lot. percent from 6.48

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Cost Approach – When to Use in Appraisals

Appraisal Today

Can I use the cost approach as the primary method of valuation?”. In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Excerpts: Google Business Profiles is an excellent marketing tool; it is free and easy to set up. Answer: No! appraisal business!

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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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.27 The average contract interest rate for 5/1 ARMs increased to 6.59