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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection.

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Will AI solve the problem of appraisal bias?

Housing Wire

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. An AVM will use this sale record as part of the formula to estimate value.

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The Hybrid Appraisal: It’s Cheaper, but Does It Protect Homebuyers?

Realtor

. “In these instances, a hybrid appraisal is to determine the home’s fair market value but also to confirm the true condition before the home goes into a short sale or foreclosure scenario,” says Alvaro Moreira , owner of the Georgia mortgage company Moreira Team.

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How to Market A Luxury Home the Right Way

McKissock

A little bit of friendly competition encourages bidders to commit to properties they love, which increases the chances of your home selling at market value or above. Staging a home is standard when it comes to selling a home, but luxury homes give sellers the chance to take it to a whole new level. Stage it professionally.

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What Is an Appraisal Contingency and Why Does It Matter?

AmeriMac

Obviously, a seller wants to get the highest possible amount of money for the home they’re about to part with. A home appraiser is someone who has been both licensed and trained who physically visits the property in question. Why Are Home Appraisals Important? What Is an Appraisal Contingency?

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What Is an Appraisal Contingency and Why Does It Matter?

AmeriMac

Obviously, a seller wants to get the highest possible amount of money for the home they’re about to part with. A home appraiser is someone who has been both licensed and trained who physically visits the property in question. Why Are Home Appraisals Important? What Is an Appraisal Contingency?

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7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property.