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VA now accepting desktop and exterior-only appraisals

Housing Wire

This won’t apply for homes that are being renovated — the department was not immediately available to explain the logic of that choice — manufactured homes, or condominiums. The VA said it would conduct oversight of alternative appraisals through its current audit process and “address any willful or negligent practices.”.

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The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

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Relocation Appraisal: A Brief Overview

AmeriMac

This blog post will explore the importance of relocation appraisal and its purpose and approach. We’ll also discuss how it differs from mortgage appraisal, specifically designed to facilitate mortgage lending. Appraisals provide reliable estimates, ensuring fair transactions.

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What Is Appraisal Review in Real Estate?

AmeriMac

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. This is why home appraisals are advised to ensure property costing is as fair as possible. What Is an Appraisal?

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What About Those Fixer-Uppers? Insights from a Seasoned Appraiser

McKissock

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. I put on both my appraiser and remodeler hats, performed a detailed walk-thru, and priced out the cost to hire everything done, and the estimate is right at $90,000. We’re all familiar with the term “fixer-upper.”