Remove Legal Remove Lending Remove Market Value Remove Training
article thumbnail

Hybrid Appraisals and the Associated Risks

Boston Appraisal

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. They are not required to complete any appraisal education, nor are they trained in the same manner an appraiser is. One such attempt is the increased use of hybrid appraisals.

Appraisal 135
article thumbnail

What Is A Home Appraisal?

DataMaster

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. Lenders make sure that they are lending the right amount of money for a home. Appraisers are highly educated and well-trained. Conclusion.

Appraisal 158
Insiders

Sign Up for our Newsletter

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

article thumbnail

Hybrid Appraisals and the Associated Risks

Boston Appraisal

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. They are not required to complete any appraisal education, nor are they trained in the same manner an appraiser is. One such attempt is the increased use of hybrid appraisals.

article thumbnail

Hybrid Appraisals and the Associated Risks

Boston Appraisal

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. They are not required to complete any appraisal education, nor are they trained in the same manner an appraiser is. One such attempt is the increased use of hybrid appraisals.

article thumbnail

What Is A Home Appraisal?

DataMaster

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. Lenders make sure that they are lending the right amount of money for a home. Appraisers are highly educated and well-trained.

article thumbnail

What Is A Home Appraisal?

DataMaster

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. Lenders make sure that they are lending the right amount of money for a home. Appraisers are highly educated and well-trained. Conclusion.

article thumbnail

Choosing the Right Appraiser: A Guide for Agents, Attorneys, Accountants, and Homeowners

Birmingham Appraisal

This ensures that the appraiser has undergone rigorous training, meets the state’s education requirements, and follows ethical guidelines in their practice. Licensed Appraiser: A licensed appraiser is a professional who has undergone the necessary education, training, and testing required by the state Real Estate Appraisers Board.