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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.

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Reviving and Refreshing Your Cleveland Home, even with the Pandemic

Cleveland Appraisal Blog

If you have trouble visualizing their design, request a 3D rendering. Many modern homes feature open floor plans. This week I leave you with a little video with some tips on home office design. Should You Turst An Algorithm For Your Home’s Value? But Are They Market Value? Have a great weekend ahead!

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What About Those Fixer-Uppers? Insights from a Seasoned Appraiser

McKissock

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” The uniquely designed roof needs immediate replacement. ” Case in point. Who might buy it?

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Lenders Not Using AMCs for Appraisals

Appraisal Today

Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. But what stands out are the first seven words of Fannie’s definition: “[m]arket value is the most probable price…,” (emphasis added) a definition that places value firmly on the pedestal of sales price.

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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. Anderson as his family’s vacation home.

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Tools To Support Appraisal Adjustments

Appraisal Today

71 Cobb Lane Sitting closest to the water, the 17,173-square-foot residence at 71 Cobb Lane was designed by Barnes Coy Architects. Click here = Appraisals for estates and trusts The most popular non-lender appraisals Topics include: Estate/trust liability advice Use the IRS definition of Fair Market Value What forms to use?

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How to Market A Luxury Home the Right Way

McKissock

Choose a professional designer to prepare the brochure to maximize the features of the home – the difference is astounding. Real Marketing provides just such a service. A little bit of friendly competition encourages bidders to commit to properties they love, which increases the chances of your home selling at market value or above.