Appraisal Hub

MARCH 5, 2021

If speed is an important factor for your next commercial property transaction, then you need a property appraiser that works fast. But even the most efficient appraisal firms can’t do their jobs if clients don’t provide the information they need. You as the investor or borrower need to do your part to speed things up.

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Appraisal Process Real Estate Appraisal Property Appraisal 78

AmeriMac

AUGUST 17, 2023

Are you considering a reverse mortgage but unsure of what role appraisal plays? In this post, we will cover everything you need to know about reverse mortgage appraisal. Then, we will delve into the importance of appraisal in reverse mortgages and why lenders must determine the value of your home accurately.

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McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “It’s a lot more than just pulling comps!”

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Real Estate Agent Real Estate Agents Appraisal 97

AmeriMac

APRIL 15, 2024

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property. So let’s dive in and explore the world of home appraisals.

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Appraisal Appraisal Process Real Estate Renovations 36

McKissock

MAY 18, 2021

There are numerous items to consider when deciding whether to accept or complete a hybrid or bifurcated appraisal assignment. Here, we explain four key disclosures and disclaimers to consider including in a hybrid appraisal report. The scope of work must disclose the extent the property was inspected. Scope of work disclosure.

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Lamacchia Realty

MARCH 12, 2024

Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different from the appraised value which, as prices rise, can be lower than the list price. Be prepared to offer more if you choose to go this route. Borrowing from a 401k is a viable option for some people.

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Buyers Inspection Sellers Real Estate 71

Genworth MI Blog

AUGUST 15, 2019

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare.

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Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare.

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Appraisal Tips Appraisal Property Inspector Training 78

Clear Capital

NOVEMBER 14, 2022

How do you feel when an appraisal revision request pops up in your inbox in the morning? You already painstakingly checked your appraisal report the previous night before hitting ‘send’ and now you’re on your screen the next day, making revisions to the same report under a tight deadline! . How to prevent appraisal revision requests.

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PennyMac

DECEMBER 22, 2020

The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. The lender initiates legal proceedings against the borrower to foreclose on the property. Step 5: Get an Appraisal on Your Ideal Property. Foreclosure.

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Genworth MI Blog

JUNE 27, 2019

The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraiser use good comparables? Will the appraised value be sufficient for the loan?”. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraiser use good comparables? Will the appraised value be sufficient for the loan?”. Will repairs be needed?

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Appraisal Tips Appraisal Law Market Value 78

Eppraisal

APRIL 18, 2023

However, with the right preparation and guidance, you can make the process smooth and successful. Consider your monthly income, expenses, and debt, and use a mortgage calculator to estimate how much you can borrow. Buying your first home is an exciting and nerve-wracking experience.

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PennyMac

OCTOBER 4, 2022

Sellers, buyers, and refinancers should all be familiar with appraisals and how they fit in the homebuying/selling or mortgage process. Once the appraisal process is completed, there are a couple of scenarios that buyers and sellers can expect. What Is a Home Appraisal? How it works for sellers.

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Appraisal Sellers Buyers Contracts 36

Zillow

JULY 15, 2019

Appraisal management company (AMC) : An institution operated independently of a lender that, once notified by a lender, orders a home appraisal. Back-end ratio : One of two debt-to-income ratios that a lender analyzes to determine a borrower's eligibility for a home loan. Homes sit on the market a long time, and prices drop.

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Real Estate Agent Insurance Inspection Buyers 56

Movoto

JANUARY 29, 2024

From preparing finances to closing, the process of how to buy a house is filled with challenges and decisions. This process involves a lender evaluating your finances to determine how much they’re willing to let you borrow. Be prepared to negotiate , considering factors like the home’s condition and market demand.

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AmeriMac

OCTOBER 5, 2022

If you are in the process of buying a home, getting a home appraisal of the property can help you to get the correct market value for the home so that you don’t pay too much for it. Getting a purchase appraisal while you are in the process of buying can affect both the overall cost of the house and the amount of your mortgage.

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Appraisal Mortgage Market Value Sellers 36

Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? What if the home doesn’t appraise for the contract value? Some people confuse a real estate appraisal with a home inspection.

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

DataMaster

FEBRUARY 3, 2021

Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. ” This RFI is your chance to impact the direction that the inevitable appraisal overhaul will go. Appraisal Modernization.

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Appraisal Process Appraisal Modernization Training 78

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

AmeriMac

APRIL 29, 2021

No matter if you’re purchasing a home or selling your home, obtaining a home appraisal is a key step during the transaction. While home appraisals help lenders confirm accurate sales prices, sellers can benefit from receiving the best and most precise price for their homes. Why Are Home Appraisals Important?

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Appraisal Appraisal Process Inspection Sellers 36

AmeriMac

APRIL 29, 2021

No matter if you’re purchasing a home or selling your home, obtaining a home appraisal is a key step during the transaction. While home appraisals help lenders confirm accurate sales prices, sellers can benefit from receiving the best and most precise price for their homes. Why Are Home Appraisals Important?

Appraisal 36

Appraisal Appraisal Process Inspection Sellers 36

AmeriMac

APRIL 29, 2021

No matter if you’re purchasing a home or selling your home, obtaining a home appraisal is a key step during the transaction. While home appraisals help lenders confirm accurate sales prices, sellers can benefit from receiving the best and most precise price for their homes. Why Are Home Appraisals Important?

Appraisal 36

Appraisal Appraisal Process Inspection Sellers 36

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

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Appraisal Inspection Valuation Lending 28

Housing Wire

AUGUST 11, 2023

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac. Another difficulty with appraisals historically has been appraiser capacity.

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Valuation Modernization Training Appraisal Process 278

PennyMac

JUNE 28, 2022

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. For example, if you have an FHA loan, there is a standard limit that sellers can only contribute 6% based on the appraised value and the price of the property. Lead-Based Paint Inspection. Attorney Fee.

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Insurance Property Taxes Sellers Inspection 36

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. The typical appraiser reports a 40-mile radius in which they conduct appraisals. While agents can “puff” we cannot!

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Appraisal Contracts Architecture Housing Market 52

Housing Wire

AUGUST 21, 2023

LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. Homelight , a platform for homebuyers and sellers, was No.

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Real Estate Real Estate Agent Technology Investors 345

AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

McKissock

APRIL 22, 2022

In an appraisal assignment, an extraordinary assumption is employed to presume certain unknown information as fact. If this assumption were found to be false, it could affect the appraiser’s opinions and conclusions. Jim is appraising a single-family home for a mortgage refinance loan. ” Sign up now. Example scenario.

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Inspection Appraisal Mortgage 105

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Appraisal Property Taxes Real Estate Market Value 145

PennyMac

APRIL 18, 2022

May be required to allow landlord access to home for inspections. These fees cover the costs of title companies, appraisers, real estate brokers, attorneys, and other third parties involved in the buying process. Home equity also increases your borrowing power. The greater your equity, the more money you can borrow against it.

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Landlords Property Taxes HOA Insurance 36

Quicken Loans

JUNE 9, 2021

One of the requirements for being approved for a VA loan is a property appraisal. If you don’t know what an appraisal is, how it works or what this process means for you, read on. What Is A VA Loan Appraisal? A VA appraisal is an appraisal performed by someone certified through the U.S. VA Appraisal Fees.

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Appraisal Inspection Real Estate Agent Sellers 51

Raleigh Realty

FEBRUARY 19, 2022

9 Things to Know BEFORE Your Home Appraisal Home appraisals. With competitive bidding wars and home selling for large percentages over the asking price, it's no wonder everyone is concerned about the home appraisal. Here’s what you want to know about your home appraisal and the role it plays when buying a home.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

PennyMac

AUGUST 2, 2022

This guide will remove any confusion surrounding loan procedures, outline the mortgage loan process and empower borrowers to make the most of their mortgage. Before diving into different lenders, here are some steps borrowers can take before the pre-approval process begins. Starting a property inspection and appraisal.

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Mortgage Real Estate Agent Inspection Investing 36

Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? For example, you understand that you do not need a form to produce an appraisal.

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Appraisal Law Contracts Business 79

Assurance Financial

JULY 23, 2021

While it’s true there are several steps involved in applying and getting approved for a home loan, with a bit of preparation and attention, getting a mortgage doesn’t have to be complicated. Here’s what you need to know as you prepare to pursue your dream of becoming a homeowner. Get Organized and Prepared.

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