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Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

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A Seller’s Market: What Does It Mean for Appraisers?

Appraisal Buzz

Difficulty Finding Comps You might have difficulty finding comparable properties to base your valuation on in a buyer’s market. If multiple offers come in, the parties can get into a bidding war, driving the price up beyond what the market typically sustains. One excellent resource is local real estate agents.

Appraisal 370
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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. Let’s talk about the differences.

Appraisal 302
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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market.

Appraisal 313
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Real Estate Owned Appraisals: The Ultimate Guide

AmeriMac

Definition and Purpose of REO Appraisals REO appraisals play a crucial role in establishing the market value of homes, especially during the foreclosure process. Mortgage lenders rely on these appraisals to determine the value of fundamental estate-owned properties, directly impacting loan amounts for refinancing.

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How to enhance home equity loan underwriting using an AVM

Clear Capital

In this second part, we’ll discuss how to meet interagency guidelines for property valuation while expediting underwriting by using ClearAVM + Property Condition Inspection (PCI). ClearAVM + PCI: A holistic view of a property ClearAVM is our industry-leading, lending-grade automated valuation model (AVM).

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That Zestimate is NOT Accurate

Lamacchia Realty

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. Hire a real estate agent to help you price competitively!