Housing Wire
AUGUST 31, 2023
Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. A trained and vetted third party can perform the data collection. More recently, Fannie Mae launched a similar solution. What is property data collection?
Housing Wire
MAY 18, 2022
Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. This means that the homeowner (or their heirs) won’t owe more than the home is worth when the loan is repaid.
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CA Realty Training
JULY 12, 2021
In exchange for this, the homeowner gets compensated with the property’s fair market value. Once they have identified a specific property, an agent will evaluate it to determine its fair market value. After the fair market value is determined, the offer gets presented to the owner. But what does it mean?
Housing Wire
AUGUST 3, 2023
It is trained on text data and learns to identify patterns from that data to generate human-like text responses. AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. ChatGPT uses neural networks to learn from experience.
Boston Appraisal
OCTOBER 8, 2022
Hybrid appraisals are designed to make the appraisal process considerably more cost and time efficient. They are not required to complete any appraisal education, nor are they trained in the same manner an appraiser is. Trainees are required to complete extensive appraisal education and field training.
Hank Miller Team
JANUARY 25, 2022
Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price. Market Value Market value anticipates the “a home should sell for” question. It is often a percentage of fair market value.
McKissock
DECEMBER 21, 2021
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.
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