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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

The solutions, ACE+ PDR (automated collateral evaluation plus property data report) by Freddie Mac and Value Acceptance + Property Data by Fannie Mae, were designed to increase efficiencies for all stakeholders and lower costs in comparison to traditional appraisals, while maintaining the high risk mitigation standards employed by the GSEs.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

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Checklist to Sell a House in BC

D Fritz Appraisals

Preparing Your Home for Sale Preparing your home for sale in British Columbia involves steps designed to enhance its appeal to potential buyers and ensure it is presented in the best possible light. Professional staging services can be employed for those seeking expert guidance, although many sellers undertake this process.

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Savvy real estate agents look beyond ChatGPT

Housing Wire

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. If the seller is familiar with ChatGPT, they will have high expectations and will undoubtedly be impressed.

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8 Home Appraisal Cost Factors in BC: What You Need to Know

D Fritz Appraisals

A home appraisal is a legal document that determines fair market value for a property. The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional. Does the land have subdivision potential or is the home designated a heritage property?

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

Realtor

Though the design, system, and fuel source don’t matter, the unit must provide appropriate temperature control. The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit. Operable heating and cooling: The home must have working heating and cooling systems.

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Relocation Appraisal: A Brief Overview

AmeriMac

We’ll also discuss how it differs from mortgage appraisal, specifically designed to facilitate mortgage lending. The Importance of Relocation Appraisal in Today’s Real Estate Market Relocation appraisal is crucial for assessing a property’s market value, aiding informed decisions by buyers and sellers.