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The Loan Officer’s Guide to Appraisals, Part 1:  The Final Inspection

Riverfront Appraisals

Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.

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Great news! No need for an appraisal. Or is it really??

Town & Country Residential Appraisals

Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. How could this go wrong?

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

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The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.

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Say What? Home-Buying Lingo You Should Know

Zillow

Loan-to-value ratio (LTV) : The amount of the loan divided by the price of the house. Market value coverage : Homeowners insurance that covers the amount the home would go for on the market, not the cost to repair, should damage occur. Walkthrough : A buyer's final inspection of a home before closing.