Remove Development Remove Market Value Remove Presentation Remove Valuation
article thumbnail

Lines of Defense in Real Estate Collateral Risk Management

Appraisal Buzz

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. The first includes development and use of processes to ensure regulatory and policy requirements are being upheld by the business unit originating mortgage products. The Appraisal Review.

article thumbnail

Savvy real estate agents look beyond ChatGPT

Housing Wire

The history of AI and where it is going The Turing Test was developed by Alan Turing in 1950. A functioning neural network was viewed as the pathway to develop AI capable of learning anything a human could, and perhaps becoming more intelligent than humans. It re-emerged in the AI scene in October 2012. What is next?

Insiders

Sign Up for our Newsletter

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

article thumbnail

What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

But once these qualities are developed, many appraisers find eminent domain work to be interesting, challenging but worthwhile, and financially rewarding. Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding.

Appraisal 309
article thumbnail

Exposure Time Vs. Marketing Time: Helpful Info for Appraisers

McKissock

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies.

article thumbnail

Need a Property Tax Appeal?

D Fritz Appraisals

These assessments provide a valuation of each property as of July 1 st in the previous year (So 2023 tax assessments are based on the value of homes on July 1 st, 2022). While the actual dollar valuation of the property is not the basis for your tax bill (i.e. Size of home in square feet. Number of rooms. Age of home.

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Valuation for insurance claims. Estate settlements.

Appraisal 105
article thumbnail

Decoding a Commercial Appraisal: Insider Insights

AmeriMac

Lenders and investors also rely on commercial appraisals to assess the value of a property before providing financing or making investment decisions. The appraisal serves as a critical factor in determining the loan amount or investment potential, ensuring that the transaction aligns with fair market value.