Housing Wire

APRIL 21, 2021

The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021. ” “Throughout the COVID-19 pandemic, FHFA has actively monitored the pandemic’s impact on mortgage market participants’ use of the temporary selling policies,” the FHFA said in a release.

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Housing Wire

JUNE 2, 2023

On the heels of a Thursday announcement by six federal agencies unveiling a proposed rule that would implement quality control standards that govern the use of automated valuation models (AVMs), Vice President Kamala Harris weighed in.

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Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

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Valuation Contracts Appraisal Legal 360

Appraisal Hub

DECEMBER 22, 2021

Appraisers in Toronto can help you make an informed decision before you buy or sell a property. With a home appraisal, you can position yourself more confidently in the market. Why get your property appraised? The purpose of a property appraisal is to determine the real market value of your home.

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East Coast Appraisal

SEPTEMBER 26, 2023

An accurate appraisal can help: A buyer to avoid overpaying for a property A seller to ensure they get a good price for their property A lender to avoid lending more than the property's fair market value Property buyers, sellers, and lenders enjoy these benefits if they work with the right appraiser.

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Boston Appraisal

MARCH 18, 2024

Estate and Inheritance Conflicts : When estates are divided, accurate property valuations are essential for fair distribution among heirs. Appraisers assess the fair market value of inherited properties, taking into account factors like location, condition, and market trends.

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Housing Wire

APRIL 14, 2023

Neighborhoods are subject to the choices of developers, municipal governments and other outside groups. Currently, 75% of real estate agents and 97% of property appraisers in the U.S. Minorities in real estate We need more people of color in the real estate industry who can shape where we live, work, socialize, shop and worship.

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Housing Wire

MARCH 13, 2023

That means lenders can’t rely on an appraisal if they knew, or should have known, that the appraisal was discriminatory.” Statements of interest are amicus briefs filed by the government in civil cases as part of federal civil rights enforcement.

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Housing Wire

JANUARY 10, 2023

Property Appraisal. I would be remiss not to choose appraisal as the first area that desperately needs action. The most groundbreaking aspect of GSE appraisal modernization that gets overlooked is that there is now a tech-driven data standard for how a home should be documented in support of an appraisal.

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The Robert Weiler Company

SEPTEMBER 16, 2021

And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Residential vs. Commercial Property Appraisal and Their Differing Review Process. Description of the commercial property.

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Housing Wire

FEBRUARY 7, 2022

HUD’s work co-leading the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), as well as the number of actions taken in the first year of the administration to bolster enforcement of the Fair Housing Act demonstrates our commitment to the issue,” a spokesperson said.

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The Robert Weiler Company

MARCH 15, 2021

What makes these neighborhoods and individual special use property conversions so tricky – even if there appears to be a renaissance underway? Government and nonprofit organizations are likely to point to crime, poverty, and a lack of infrastructure. A Special Purpose Property Definition. To be sure, there is no single answer.

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Appraisal Property Appraisal Real Estate Buyers 158

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Appraisal Property Taxes Real Estate Market Value 145

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

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Housing Wire

JUNE 14, 2022

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. No outside researchers will be checking Freddie Mac’s analysis to test the conclusions it reaches.

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AmeriMac

NOVEMBER 30, 2023

In this blog, we will take you through everything you need about commercial real estate appraisal, from defining the term and understanding its importance to exploring the different types of commercial properties that are appraised. The property inspection is a crucial step in the commercial appraisal process.

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McKissock

NOVEMBER 5, 2021

Government refinance applications fell for the sixth week in a row. HUD answers questions about its new inter-agency appraisal bias task force. JPMorgan Chase has donated $3 million to the Appraiser Diversity Initiative. Keep reading for this week’s appraisal news and insights. Property values continue to rise.

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Housing Wire

JANUARY 20, 2022

The residential real estate appraisal industry is staring at a fork in the road. The latest reminder is a report released Wednesday from the Appraisal Subcommittee , a part of the federal government in charge of monitoring appraiser standards. I think it’s extremely helpful to understand what exactly the appraiser does.

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MN Real Estate Services

JUNE 17, 2019

The firm is headed by Clarke Goset , who has been a leading real estate appraiser in the twin cities for many decades. Aside from the appraisal of commercial properties, Minnesota Real Estate Appraisal Services also offer land and development property appraisals.

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AmeriMac

APRIL 15, 2023

Investors also use commercial real estate appraisals to determine the value of the property. These appraisals are considered equivalent to a property valuation and are used to determine the value of the property in the current market.

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Robinson Appraisal Group

NOVEMBER 16, 2018

As appraisers in this ever changing industry we have seen changes in the market, technology, bank requirements, emergence of management companies and appraisal form changes. The most recent Fannie Mae change is the removal of the 1004MC form in an appraisal. So what is the 1004MC form?

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Empire Appraisal Group

JANUARY 20, 2022

Murphy, director of government affairs for the Florida Association of Insurance Agents. The state’s largest private insurer, Universal Property & Casualty, will cover solar panels if a roof is in good condition, according to John Lykins, the Alabama and Florida marketing manager for Universal.

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The Robert Weiler Company

JANUARY 7, 2021

Obtain market data. The first thing you will want to do is obtain accurate market data about commercial real estate and office space for lease in Columbus, Ohio. Governing Law. Consider the checklist below as you prepare to negotiate your office space for lease in Columbus, Ohio. Compliance with Laws. Maintenance and Repairs.

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Clear Capital

JANUARY 5, 2023

government made bold steps to support homeownership through the GI Bill. Before that, the government addressed these issues through housing programs started under the New Deal. The task force also proposed a set of policy changes to advance racial equity in the appraisal process. Troubling research. Technological advances.

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Appraisal Modernization Valuation Appraisal Process 69

Realtor

MAY 18, 2018

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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Appraisal Inspection Buyers Valuation 78

Realtor

MAY 18, 2018

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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Appraisal Inspection Buyers Valuation 78

Appraisal Today

MARCH 15, 2024

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. We’ve found five glorious examples of glass houses on the market right now.

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AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

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Appraisal Property Taxes Buyers Sellers 36

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

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Appraisal Property Taxes Buyers Sellers 36

Assurance Financial

APRIL 29, 2021

After the introductory period ends, the rate adjusts based on the market rate on a set schedule. During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. The federal government issues the certificate.

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Mortgage Insurance Sellers Inspection 69

Appraisal Today

AUGUST 18, 2023

Appraisal Business Tips Humor for Appraisers Fannie: Words and Phrases in Appraisals Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! I would probably get lost ;> == Want to know more about Non-lender Appraisals? Or hit the reply button.

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Appraisal Contracts Inspection Real Estate 75

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. It is rumored that FHFA approached both GSEs and asked them to “find solutions” to the “appraisal bottleneck.”

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Appraisal Real Estate Valuation Contracts 86

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

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Appraisal Property Taxes Buyers Sellers 28

The Robert Weiler Company

NOVEMBER 9, 2022

We recommend starting with the infrastructure because this is what often drives commercial property prices. And determine whether the government plans any upgrades in the future; this is a telltale sign of an up-and-coming hot spot. We would love to assist you in finding the perfect property.

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Assurance Financial

NOVEMBER 28, 2023

Property search: You search for a property to purchase within the pre-approved loan amount. Property appraisal: The lender hires an appraiser to determine the value of the property to ensure it is worth the amount being borrowed. Say you bought a $600,000 home for $500,000.

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AmeriMac

JANUARY 19, 2021

You can locate these in your city or county government office. Can I Craft my Appraisal? If your previous appraisal was unsatisfactory, you may, with the help of a realtor, craft your unofficial appraisal. In this, you should find homes similar to your property and focus on putting the differences in the limelight.

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Appraisal Today

APRIL 28, 2023

But in today’s tight market, with orders as scarce as hens’ teeth, let’s explore some other approaches to solving this problem. First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. All the top brokers in my local market have assistants. So far, so good.

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