Appraisal Buzz

FEBRUARY 28, 2022

A lot has changed over the last two decades, but appraisal data and more specifically, appraisal inspections have remained unchanged. This is the digital transformation of the appraiser’s inspection data. Today, you can use your iPhone to create a point cloud that represents the property you’re inspecting.

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Housing Wire

MAY 11, 2021

Unfortunately, the ability to obtain information on individual property data about these two factors is hard to come by, short of an interior physical inspection. Detailed definitions of these rating points can be viewed in the Fannie Mae and Freddie Mac Uniform Appraisal Dataset Specification. .

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The Appraiser Coach

JUNE 20, 2023

I think I’ve talked to you about my definition of wealth before. My definition of wealth is the ability. It’s not having a sports car or a big fancy house. Read More

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GoForrmz

MARCH 11, 2024

“ We’re definitely saving time with GoFormz because it reduces user error and helps prevent things from getting filed incorrectly. ”

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Midtown Appraisal Group

JULY 4, 2021

Appraisers aren’t real estate salespeople or mortgage brokers, and definitely shouldn’t be offering advice or counsel to the people whose properties they’re appraising.

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GoForrmz

APRIL 17, 2023

“ GoFormz has definitely helped on the material inventory side of things. We’ve definitely been able to help get that loss down by being able to report on-site. ”

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Housing Wire

JUNE 10, 2021

While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Are you thinking about selling your home? Naturally, the price a buyer will ask a seller to pay will vary.

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Appraiserblogs

FEBRUARY 2, 2023

The appraiser scheduled an inspection for a dwelling being sold, and uses a ‘MLS Key’ for entry to homes with a lockbox, without having an agent present. Fannie Mae also lacks such a definition. It involved Highest and Best… Is That an Arm’s-Length Transaction? USPAP does not define the term arm’s-length transaction.

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Appraisal Buzz

JUNE 27, 2022

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. An aerial inspection can provide valuable information that cannot be obtained from a ground-based inspection. Lamar: New tech provides new opportunities.

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The Appraiser Coach

JUNE 20, 2023

I think I’ve talked to you about my definition of wealth before. My definition of wealth is the ability to do what I want, when I want, with whom I want, because I want. It’s not having a sports car or a big fancy house. This is all within reason, of course.

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Housing Wire

FEBRUARY 10, 2021

” CoreLogic announced last week that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. Are borrower-assisted inspections here to stay? to two loan files per day. .

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Riverfront Appraisals

JULY 1, 2021

So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. And, you’ll definitely […]. For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process.

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Appraisal Buzz

JUNE 6, 2022

We’ve all gotten a presumably as-is appraisal assignment, gone out to inspect, and learned at the inspection that the master bathroom is gutted. Aside from the technicality of new assignment definitions, there’s a practical reason to be vigilant about this. Assignment conditions. Don’t put yourself in that position.

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The Appraiser Coach

MARCH 19, 2024

This property is located in the south, and a shot of southern hospitality definitely topped it off. As I ended that phone call as an undercover appraiser, I concluded that there was a large mix of friendly and a lower mix of professionalism, but the perfect Arnold Palmer I needed that day.

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Housing Wire

JUNE 30, 2021

Our EXOS Title technology offers accelerated title decisioning and a definitive clear-to-close timeline in seconds. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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Cleveland Appraisal Blog

AUGUST 13, 2023

Schedule Regular Plumbing Inspections If you really want to keep your plumbing system eco-friendly, it’s time to practice some TLC. Regular inspections are important to catch plumbing issues and maintain an efficient plumbing and water transport system. Think of waking up to a flooded basement or a sewage backup in your tub.

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AmeriMac

DECEMBER 30, 2023

We will start with the definition and purpose of these appraisals, followed by how they work, the factors considered in them, and preparing for an appraisal. Lastly, we will compare REO appraisals to home inspections and answer whether they are mandatory for all property transactions.

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Appraisal Today

MARCH 15, 2024

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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Hank Miller Team

AUGUST 4, 2022

The term "flipping" has a ridiculously broad definition, it ranges from changing the locks and selling it to completely a full remodel and selling it. There is no definitive answer to that question, each one is it's own treasure. The Atlanta area consistently ranks as one of the very top markets for home flippers.

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Housing Wire

JANUARY 14, 2022

Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections. Generally, you pretty much have to go in at or above ask, if you really want to be competitive on a house and you definitely want to use an escalation clause,” Hilbert said. “I

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Appraisal Buzz

APRIL 18, 2022

I was left there panting with a torn blouse and bleeding hands thinking appraising homes is definitely not just measuring homes, taking pics, and typing up forms. The trust officer and I went to the corner door (still looked like a bar) and were met by the tallest man I’ve ever seen on an appraisal inspection. Mary Cummins.

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Appraisal Buzz

MAY 31, 2022

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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McKissock

JANUARY 22, 2021

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. The remaining 3.5 hours is spent on completing the research, analysis, and reporting.

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Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. They should definitely not be paid the same. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good.

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McKissock

JULY 26, 2022

Timeliness and types of inspections. While there may or may not be a definitive time limit in each state (such as 24 hours), it is in everyone’s best interest to submit the offer as soon as possible. because they feel the offer price is too low, too many repairs or inspections are requested, etc.), Inspections.

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McKissock

DECEMBER 1, 2020

In this post, we break down the definition of a bifurcated appraisal and explain why some argue that a better name for this type of appraisal service would be an “augmented” or “enhanced” desktop appraisal. What is a bifurcated appraisal? Why call it an enhanced desktop appraisal?

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McKissock

MARCH 29, 2022

Desktop Property Inspections with RemoteVal. Are you interested in reliable, appraiser-centric technology that empowers you to complete thorough, compliant inspections without leaving your office? Get firsthand information on TAF’s viewpoint of the latest topics in the appraisal industry.

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Realtor

MARCH 7, 2023

This is definitely the case if you’re considering a USDA loan from the Department of Agriculture. ” In some cases, experts advise it might be wise for a potential homebuyer to pay to have a home inspection done prior to the official appraisal.

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Hank Miller Team

APRIL 12, 2023

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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McKissock

JANUARY 31, 2023

.” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “The definition of market value.” ” “City codes and guidelines so final inspections are not necessary. These are typical items for re-inspections.”

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Housing Wire

APRIL 22, 2024

Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection. Definitely include a business card in the envelope, as your information won’t be printed on the letter itself. I also know that many For Sale By Owner sellers hit a point where they aren’t sure what to do.

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The Robert Weiler Company

AUGUST 18, 2021

The definition reads as follows: “a large building where raw materials or manufactured goods may be stored before their export or distribution for sale.”. But in returning to our Oxford definition, warehouse space is essentially a place to store goods. Now you have your definitions straight. Jolly good, right ?

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Will Springer Realtor

APRIL 23, 2024

It is a network of “forest landowners, volunteer members of state and local entities, national and state government agencies, inspecting foresters” and other interested parties. RESOURCES Check out our Green Fields Glossary of Terms – a perfect set of “green” real estate-related definitions in our changing world.

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Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. Comments made by appraisers such as “Colored infiltration a definitely adverse influence on neighborhood desirability , ” were common practice during this era. The wife is African American, and her husband is white.

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Lamacchia Realty

AUGUST 15, 2023

Let’s face it, we’ve all seen the online ads and billboards (and we’ve definitely seen that certain famous caveman) for real estate businesses offering to buy your home quickly and with cash. WE BUY HOUSES: HOME CASH BUYER PROS AND CONS What is a Home Cash Buyer?

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Town & Country Residential Appraisals

MAY 9, 2022

Buyers were getting very aggressive with their offers, electing to forego all inspections, include escalation clauses and even include things such as free pizza dinners on Fridays for a year or Super Bowl tickets. Houses would go up for sale and within a very short period of time, sometimes hours, multiple offers were received.

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Will Springer Realtor

SEPTEMBER 19, 2023

Your Home Inspector Can Provide Clues About Flood Risk When you’re ready for a home inspection , you’ll want to work with an experienced inspector. However, a home inspection may not tell the whole story, Barker says. “If It would not be accessible to the home inspector, who only does a visual inspection.”

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