Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. I watched and listened to them talk about it and learned a lot. Look at this lull as a time of opportunity.

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Housing Wire

FEBRUARY 8, 2024

We would license or buy for something that is core to what we want to provide but there are off-the-shelf solutions that do it better than we could, even after five years of development. You get the benefit of a different brain in there, which is great. You get the benefit of a different brain in there, which is great.

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Appraisal Today

MAY 19, 2023

For my square footage adjustment, I used a combination of paired-sales and sensitivity analysis to determine $65 a square foot was appropriate, but I did not adjust for differences between the subject and comparables if the difference was less than 100 square feet. The answer is, Yes!

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Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Appraisal Today

JULY 7, 2023

There are no facts alleged in the First Amended Complaint, and none can be alleged with good faith, that Mr. Lanham treated Plaintiffs any differently than homeowners of other races,” the motion reads. I learned I was biased against young Black men when I was on a criminal jury many years ago. Tate-Austin v. Shane Lanham et al.

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Assurance Financial

JULY 23, 2021

f or Home Loans? As a buyer, you agree to take care of your new home and repay your mortgage based on the terms of the loan. Learn more about the importance of your credit history when getting a mortgage and what you can do to make the most of yours. What Is a Credit History?

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Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. The National Association of REALTORS® believes there are alternatives to some of the experience requirements that the AQB should consider.

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PennyMac

JUNE 1, 2022

Although few prospective home buyers have enough cash on hand to buy a property outright (which is where home mortgage loans come in), lenders still expect you to have enough money to make a down payment upfront. Make things easier on yourself by clearing out as much debt as possible before you take on a mortgage.

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Appraisal Today

NOVEMBER 10, 2022

The use of inordinate adjustments for differences between the subject property and the comparable sales that do not reflect the market’s reaction to such differences, or the failure to make proper adjustments when they are clearly necessary. To read more, click here. Nothing new, but good reminders. Review appraiser liability.

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Appraisal Today

FEBRUARY 16, 2024

The distinction between a historic property with preservation restrictions and an old house without them is crucial in the appraisal process. The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics. Worth reading. A good summary. I was surprised.

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Appraisal Today

DECEMBER 22, 2023

How to Account for a Superadequacy By: McKissock Excerpts: What is superadequacy? NOTE: Please scroll down to read the other topics in this long blog post on answering your phone, appraiser censorship, bias, how to do graphs, unusual homes, mortgage origination stats, etc. Per The Dictionary of Real Estate Appraisal, 6th Ed.,

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Raleigh Realty

MAY 3, 2021

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. This can impact your credit score — and your ability to secure a loan. Buying a Home After College Are you a recent college graduate interested in buying a home? You won't have the same work history or experience.

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Appraisal Today

OCTOBER 13, 2023

But what if the appraisal form was completely blank with no boilerplate text? What if you could not use the URAR form at all, but still had to produce an appraisal report that could stand up in court? Level 3 – Pro There is a subtle difference between Level 2 and Level 3. You might answer, “Absolutely!”

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Appraisal Today

SEPTEMBER 2, 2022

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. My comments: Appraiser Pressure – What To Do? Can you learn to be an ethical appraiser (or person)? I was very lucky.

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Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference.

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Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? He knows what you want. Stick to the facts. Excellent examples and analysis.

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PennyMac

AUGUST 10, 2022

With low down payments, low closing costs and more flexible credit score requirements, it’s no wonder that nearly one in every five home purchases are made using an FHA loan. FHA loans are famous for their flexibility, but sometimes they come with requirements that both the borrower and the property owner must meet.

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Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers?

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Appraisal Today

SEPTEMBER 1, 2023

Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? To gain insight into these types of assignments, we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” These properties are an excellent learning experience. The stories behind them are lengthy.” “It

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Appraisal Today

NOVEMBER 20, 2022

What’s happening now. Which appraisers are going to survive when the loan volume is down 75-85% and the poor appraisals of the past are catching up with the appraiser today? What you can do today. Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. By Richard Hagar, SRA.

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Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% In its place, rising everything – home prices, mortgage rates and inflation (Why are eggs so expensive? What’s next? or lower – as low as 2.77%, according to Freddie Mac. Popping sounds can be heard from party balloons, one by one.

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Will Springer Realtor

JULY 8, 2022

This, coupled with a significant portion of homeowners standing pat with mortgages at or below 4% interest (and other factors) is causing the market to lose steam. Home shoppers often focus on the direction of mortgage interest rates, which have jumped more than two percentage points this year alone to a range of 5.75%-6.0%

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Appraisal Today

JULY 15, 2022

Excerpt: What can appraisers learn when it comes to short-term and long-term rentals? What role does an appraiser take when sorting between the two? What can appraisers learn when it comes to short-term and long-term rentals? What role does an appraiser take when sorting between the two?

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Will Springer Realtor

NOVEMBER 10, 2023

Here we are again, facing a protracted geo-political battle that has repercussions around the globe. Nineteen months after the start of the Russia-Ukraine war , Israelis and Palestinians are in an escalating conflict that has been percolating for many decades. Census data. The figure was 70% only 10 years ago.

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