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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

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Staying Relevant in the Appraisal Industry

Appraisal Buzz

Lamar: I have over 30 years of real estate valuation experience and hold the Appraisal Institute designations of MAI and SRA. The same data acquired from an aerial inspection has value to a number of real estate industries players. Matt: The tools to complete them have definitely evolved.

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Lines of Defense in Real Estate Collateral Risk Management

Appraisal Buzz

While this definition is offered in the context of the practice of Real Estate Appraisal, the question that comes to mind is: can an appraisal review be performed by a person or process that is not a part of an appraisal practice? Often the two terms are used interchangeably, but they are distinctly different processes.

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4 Potential Benefits of Hybrid and Bifurcated Appraisals

McKissock

A major selling point for completing hybrid or bifurcated appraisals is that the appraiser will save a good deal of time by not inspecting the property, not taking photos of comparable sales, and not sitting in traffic. Some appraisers may prefer to perform field work, while others prefer the analysis part of the appraisal process.

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How To Appraise Rural Properties

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = USPAP does not require use of the specific term “personal inspection”. Answer: No.

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Does a Home Seller Have to Disclose Repaired Defects?

Hank Miller Team

Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. Latent Defects Must be Disclosed A latent defect is an issue with the property known to the seller but that might not be discovered during a reasonable inspection of the property.

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Does the Home You Want To Buy Qualify for a USDA Loan? Here’s How To Tell

Realtor

This is definitely the case if you’re considering a USDA loan from the Department of Agriculture. Though the design, system, and fuel source don’t matter, the unit must provide appropriate temperature control. Operable heating and cooling: The home must have working heating and cooling systems.