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3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do?

Appraisal 354
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. The appraiser will be led through a process, defined by the scope of work. Most appraisers have diversity in their business channels.

Appraisal 397
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How to Become a Supervisory Appraiser

McKissock

property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. In this post, we outline how to become a supervisory appraiser. Yes, supervisory appraisers are allowed to supervise up to three trainees at the same time.

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Challenges and Opportunities in Appraising Mixed-Use Developments

Boston Appraisal

Mixed-use developments, which integrate residential, commercial, and sometimes industrial components within a single project, represent a modern approach to urban planning. However, appraising such complex properties presents unique challenges and opportunities for real estate professionals.

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AVMs undergo compliance and regulation updates

Clear Capital

Fannie Mae’s study , while finding that homes owned by white borrowers were more often overvalued than homes owned by Black borrowers, furthered the discussion around Appraisal Modernization, including the use of AVMs in property valuations. Upcoming changes to AVM compliance and regulation . AVMs faced intense scrutiny.

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What Is an Appraisal Contingency and Why Does It Matter?

AmeriMac

They use information about these comparable homes to develop a fair value given the current conditions of the market. For the sake of example, let’s say a buyer agrees to buy a property for $500,000. Everything seems to be proceeding along exactly as it should… until the property appraised at $400,000.

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What Is an Appraisal Contingency and Why Does It Matter?

AmeriMac

They use information about these comparable homes to develop a fair value given the current conditions of the market. For the sake of example, let’s say a buyer agrees to buy a property for $500,000. Everything seems to be proceeding along exactly as it should… until the property appraised at $400,000.