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Home Appraisal vs. Home Inspection

CP Home Appraisals

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. A home inspector’s function is to study the structural, electrical, mechanical & plumbing in a home and document any problems or safety issues. Do I need a home inspection as well?

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In many cases, this means that a person (who may or may not be an appraiser) collects information on the property via property inspection and a computer does the valuation. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.

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What is a Hybrid Appraisal?

Robinson Appraisal Group

It is a shorter appraisal form than the traditional appraisal and is performed by an appraiser who typically never visits the property. Some hybrid appraisals have an exterior only inspection, while others include an interior inspection. A major concern regarding the hybrid appraisal would be the level of risk and liability.

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Nothing New Under the Sun: the varied face of appraisal

Walitt Solutions

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending.

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2024 USPAP For Appraisers

Appraisal Today

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. Fannie Mae sees the appraisal process as “inspection + value.”