Birmingham Appraisal
JUNE 13, 2023
They cannot base their value opinions on anything other than their own analysis of the market data and their professional judgment. If you choose not to be at the property during the appraisal inspection let the appraiser know you are available to answer any questions they may have.
Birmingham Appraisal
SEPTEMBER 15, 2022
Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection.
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Housing Wire
JANUARY 3, 2023
To begin with, I applaud the flexibility of allowing desktop or drive-by appraisals, but at the same time this would seem to fundamentally alter the requirement of the appraiser to inspect the property to ensure Minimum Property Requirements (MPRs) are met.
Birmingham Appraisal
FEBRUARY 20, 2024
The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible. The sales can be considered during the development of the appraisal rather than after it is completed through a reconsideration of value which can delay the home buying process.
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