Remove Development Remove Legal Remove Property Appraisal Remove Technology
article thumbnail

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
article thumbnail

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.

Appraisal 354
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Appraisers have, in the past, fretted over liability and data reliability.

Appraisal 288
article thumbnail

Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

And, the commercial real estate appraisal review process is not just a second opinion or a survey to friends or even colleagues; it is a required, in-depth analysis by industry experts. It isn’t clear who owns the appraised property. Too much time has elapsed between the CRE appraisal and the loan. Grant Applications.

article thumbnail

AVMs undergo compliance and regulation updates

Clear Capital

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

article thumbnail

Drones for Real Estate Photography and Appraisals

D Fritz Appraisals

Seeing how useful aerial photography has been in creating real estate listings, real estate appraisers are now also beginning to see the value in adding drone technology to their toolkits. . When combined with old-fashioned boots on the ground, the use of a drone for real estate appraisals can upgrade a property inspection.

article thumbnail

Buyers May Face Hidden Costs for Homes with Solar Power

Empire Appraisal Group

Beyond a desire to save the planet, increased demand sprang from low interest rates, pandemic-locked homeowners who targeted improvement projects, tax rebates and lower costs for the technology. However, potential savings could be offset by another higher cost: property insurance rates.

Buyers 78