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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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Grants to Help Train Appraisers

Appraiserblogs

To establish grants directly to supervisor appraisers to help cover the training costs for each Trainee… Folks, this article appeared in American Banker on September 7, 2022. Appraisers, Fannie Mae has changed inspection and reporting requirements for Condominiums, effective January…. Appraisers,….

Training 119
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ACE + PDR: What does this mean to you, and what’s the future for appraisal data collection?

Appraisal Buzz

When certain property characteristics are shown on the PDR, such as certain external factors, certain physical characteristics of the subject property, mixed uses, or proposed incomplete construction, the PDR may be presented to an appraiser for a Hybrid appraisal (70H) or a full appraisal could also be ordered in those scenarios.

Appraisal 360
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The hybrid appraisal is here. Who benefits?

Housing Wire

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Presented by: Reggora.

Appraisal 401
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How data and technology can combat appraisal bias

Housing Wire

At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you. Johnson said.

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Appraisal Trends: Mastering Property Conditions and Location on the Appraisal Review

Genworth MI Blog

This should include photos of any recent updates/renovations that were used as adjustments and applied to the sales where the sales comparison approach is presented as support for the opinion of value. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.

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Appraisal waivers: What lenders should know

Clear Capital

The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers. Inspection-based appraisal waivers — filling the gaps in traditional waivers For many years, there have only been two options for lenders — a traditional appraisal or an appraisal waiver.