article thumbnail

Is A Cubicasa Scan an Inspection?

Cleveland Appraisal Blog

In this article, I thought I would share my thoughts on this and whether scanning a property with Cubicasa is considered to be an appraisal inspection. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. The attorney questioned my use of the word inspection. ”). .”

article thumbnail

9 tips for homebuyers in non-disclosure states

Housing Wire

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

Satellite imagery is a fantastic tool that can help see what is around a property. Additionally, smells cannot be detected with online tools. WAIVING HOME INSPECTIONS. Getting a home inspection is a personal decision. The scope of work for an appraisal inspection is completely different than that of a home inspector.

Buyers 243
article thumbnail

A loan officer’s ultimate guide to appraisal modernization

Housing Wire

Property data collection consists of a complete interior and exterior inspection of the subject property. Freddie Mac announced automated collateral evaluation (ACE) as a new solution and Fannie Mae followed not long after with the introduction of Property Inspection Waivers (later renamed Value Acceptance).

article thumbnail

How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. CMA reports are simple and effective tools. More on that later.

Marketing 375
article thumbnail

Savvy real estate agents look beyond ChatGPT

Housing Wire

Powerful AI tools are already transforming residential real estate and forward-thinking agents are paying attention. In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. The good news is that the early adopters will thrive.

article thumbnail

Checklist to Sell a House in BC

D Fritz Appraisals

The initial phase involves conducting a thorough inspection to identify any necessary repairs or improvements that could increase the property’s value and attractiveness. Additionally, it is important to ensure that all systems, including heating, plumbing, and electrical systems, are in working order to pass home inspections.