Housing Wire
JUNE 15, 2021
Understanding the market value of collateral is a key fundamental component of safe and sound lending. Several states are considering, or have passed, legislation requiring appraisers to take several hours of bias and fair lending training for each license renewal cycle. This is accomplished through obtaining an appraisal. .
Housing Wire
MAY 18, 2022
Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. In fact, many financial researchers and scholars have identified it as a strategic tool that should be considered part of a holistic financial strategy for retirement.
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Housing Wire
MAY 20, 2021
And so, even when applying technology-based alternatives to in-person appraisals, biased data can impact values if not recognized. The appraisal comes in $40,000 below market value, and, as a result, the home sells for a lower price. An AVM will use this sale record as part of the formula to estimate value.
Housing Wire
AUGUST 3, 2023
Powerful AI tools are already transforming residential real estate and forward-thinking agents are paying attention. In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. The good news is that the early adopters will thrive.
Housing Wire
AUGUST 31, 2023
Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. A trained and vetted third party can perform the data collection. And when the market inevitably heats up again, you can be two steps ahead of everyone else.
Cleveland Appraisal Blog
AUGUST 6, 2021
Satellite imagery is a fantastic tool that can help see what is around a property. Additionally, smells cannot be detected with online tools. They are trained to catch things that most people might miss. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes.
Lamacchia Realty
FEBRUARY 21, 2023
“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. It is not an appraisal and can’t be used in place of an appraisal.” -via
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