Remove Market Value Remove Tools Remove Training Remove Valuation
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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. So, what can be done to mitigate bias and inequality in the valuation process?

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Appraisal bias: Education is the first step

Housing Wire

Understanding the market value of collateral is a key fundamental component of safe and sound lending. the House Financial Services Committee passed the Real Estate Valuation and Fairness Act. This is accomplished through obtaining an appraisal. . Notably, here in Washington, D.C.,

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

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. More recently, Fannie Mae launched a similar solution. But you already know this.

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Savvy real estate agents look beyond ChatGPT

Housing Wire

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.

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

Birmingham Appraisal

Whether you’re a homeowner looking to make improvements, an agent who needs a pre-listing appraisal, or an attorney or accountant who requires a certified appraisal, a well-qualified and experienced appraiser is essential for accurate property valuation.

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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. What exactly is a Zestimate?

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Decoding a Commercial Appraisal: Insider Insights

AmeriMac

The appraiser’s role is to provide an unbiased opinion of value based on their expertise and knowledge of the commercial real estate market. The commercial appraisal serves as a crucial tool in real estate transactions, helping buyers and sellers determine a fair price for the property.