Realtor

JUNE 29, 2020

“You’re eligible for an appraisal waiver!” So what is an appraisal waiver? Mystified, I dove in to Google to figure out exactly what this meant for me. For one, my lender assured me, it meant keeping $625 in my pocket that I would have otherwise spent on an in-person appraisal. ” Nice.

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Appraisal Technology Inspection Mortgage 141

Appraisal Buzz

MAY 13, 2024

All of my data sources were very local and included only those areas that were close enough to physically drive to and complete an appraisal. All of the data needed by an appraiser is available in a digital format and made readily available on-line. What we have today is a huge improvement from what was available years ago.

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Appraisal Appraisal Process Technology Tools 347

Boston Appraisal

AUGUST 4, 2020

Receiving a copy of a residential real estate appraisal report can be a little intimidating. That appraisal report you are holding tells you so much more than a simple property value. We’re going to examine, in detail, the standard form appraisal report that is most commonly used for residential appraisals.

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Appraisal Real Estate Valuation Market Value 78

Appraisal Buzz

APRIL 24, 2024

What makes them so unique? Ferris will be teaching a class on valuation of short term rentals all across the country for the Appraisal Institute, and one of those stops is at Valuation Expo on August 19th. You can get 7 hours of appraisal CE and gain the knowledge you need to become an expert on short term rentals. Interested?

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Valuation Appraisal Housing Market Marketing 368

Appraisal Buzz

APRIL 1, 2024

This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include funny Buzztoon comics, as well as crazy stories from appraisers and readers like you! If you want to make sure you are receiving the print version of the Appraisal Buzz magazine in your mailbox, sign up HERE.

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Appraisal Development Modernization Marketing 370

Cleveland Appraisal Blog

MAY 17, 2024

This post from Aspen Appraisal Services will provide all of the information you need to start planning your home renovation. Make sure that both parties understand exactly what needs to be done as well as expectations regarding timelines and deadlines. Be clear about what type of materials will be used as well as color schemes.

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Renovations Appraisal Logistics Decorating 311

Housing Wire

FEBRUARY 20, 2024

Appraisal modernization is vital. Gareth Borcherds , managing director Ascent Software Group outlines the three categories to be aware of, how appraisal modernization can help scale new initiatives and more in this executive conversation. HousingWire: What should lenders consider in 2024 for collateral risk?

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Modernization Tools Appraisal Technology 383

Cleveland Appraisal Blog

FEBRUARY 16, 2024

I know most of my readers are interested in appraisal and real estate-related topics. FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. One of the primary reasons has to do with what they report as finished square footage. Is this misleading?

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Appraisal Market Value Real Estate Clients 406

Appraisal Buzz

APRIL 22, 2024

Here’s the kicker: you’ve got to be a decent appraiser to even get a shot at bidding. There are many, many other ways to make a living as an appraiser (and even as an appraiser who mainly does lender work). I often see appraisers post potential bids on social media and say something like “Can you believe this crap?

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Appraisal Real Estate Agent Business Real Estate 358

Realtor

JUNE 29, 2020

“You’re eligible for an appraisal waiver!” So what is an appraisal waiver? Mystified, I dove in to Google to figure out exactly what this meant for me. For one, my lender assured me, it meant keeping $625 in my pocket that I would have otherwise spent on an in-person appraisal. ” Nice.

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Appraisal Technology Inspection Mortgage 78

Housing Wire

FEBRUARY 6, 2024

There has been much back and forth in the industry about reporting for short-term rentals — who should complete the report and what form should be used? Previously, the only way to create a robust report truly reflective of the potential of a short-term rental was to have a certified general appraiser complete a narrative report.

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Appraisal Lending Inspection Tools 376

Housing Wire

SEPTEMBER 19, 2023

One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. What is a real estate appraisal? A real estate appraisal is the assessment of a property’s value. Appraisals are required for homes financed with any type of mortgage. Why are appraisals important?

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Real Estate Appraisal Agents Inspection 441

Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. What’s changing there? Everybody is affected by the appraisal process.

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Appraisal Technology Modernization Real Estate Agent 413

Cleveland Appraisal Blog

MAY 9, 2024

Let’s get do what’s happening with housing stats in Northeast Ohio. TRENDS ON SOME MORE LOCALIZED AREAS IN CUYAHOGA COUNTY Since I have to analyze the market for every property I appraise, you might be interested in some more localized areas. Here’s a search result for Northeast Ohio. 14% higher than a year ago.

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Inventory Appraisal Real Property Property Appraisal 344

Housing Wire

APRIL 18, 2024

At Jaro , our commitment to integrating AI automation alongside the traditional appraisal process is not just about keeping pace with technology — it’s about making the process of appraising and valuing properties better for every stakeholder: from lenders, to borrowers, appraisers and everyone in between.

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Appraisal Mortgage Appraisal Process Tools 402

Appraisal Buzz

MAY 6, 2024

Speakers covered nearly every angle of the effects of climate change, from where we are today to what direction we’re heading and how fast we’ll likely reach a critical phase. If this trend continues, consumers and appraisers will need to have a heightened awareness of where and how insurance pricing or availability is affecting house prices.”

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HOA Insurance Legal Fees Valuation 370

Appraisal Buzz

MAY 10, 2024

SMART ASSIGN: THE RSDS TECHNOLOGY ADVANTAGE RSDS Appraisal Diversity believes that everything they can measure, track and review also gets improved. This is a tall order for a company that staffs more than 200 appraisers across the United States. And I think you’re going to be able to track that success back to what RSDS is doing.

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Technology Appraisal Clients Design 195

Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

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Appraisal Appraisal Process Real Estate Training 36

Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

Appraisal 36

Appraisal Appraisal Process Real Estate Training 36

AmeriMac

MARCH 28, 2022

Before your mortgage loan is approved, you usually need to go through an appraisal and a home inspection. An appraisal tells you the market value of your property — while a home inspection tells you what might need to be repaired or replaced. What Is an Appraisal? In general, over-valuing a property is fine.

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Inspection Appraisal Buyers Sellers 36

AmeriMac

MAY 24, 2022

Appraisals are generally required when purchasing most residential and commercial properties, for lenders rely on these assessments to determine and confirm property values. Appraisal management companies take the burden of managing many appraisals off of lenders’ shoulders. What is an Appraisal Management Company?

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Appraisal Lending Finance Legal 36

Housing Wire

APRIL 15, 2024

Here’s what he had to say about the future of the MLS. HW: Value is a word that’s been thrown around a lot based on current industry events, what does that mean to you? HousingWire spoke with Gene Millman, president and CEO of REcolorado , the largest multiple listing service (MLS) in Colorado. Our data sets continue to get richer.

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Real Estate Business Agents Tools 398

Housing Wire

MARCH 24, 2023

When you google “ appraisal gap” — and I just did — a long list of search results appear. What I did see were links to lender websites almost apologetically explaining what an appraisal gap is to their customers and willing them not to panic if it happens to them.

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Appraisal Contracts Tools Valuation 410

Appraisal Buzz

APRIL 8, 2024

The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. One of its most intriguing applications lies in the domain of appraisals. Understanding the Basics: What is Blockchain? Enter blockchain.

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Technology Appraisal Valuation Supply Chain 418

Eppraisal

NOVEMBER 9, 2021

This is why the lender has an appraisal performed. This is why the lender has an appraisal performed. What is a Real Estate Appraisal? A real estate appraisal is a valuation of land or a property. Licensed appraisers visit homes, take photos and take measurements. How Does an Appraisal Affect the Buyer?

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Appraisal Contracts Sellers Home Value 36

Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. Sarah Wheeler: What are some of the biggest challenges right now? KC: Change is always hard.

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Modernization Appraisal Valuation Investing 419

Appraisal Buzz

MARCH 25, 2024

I recently got curious about the word ‘analysis’ As an appraiser, I use this word frequently. I found the etymology of this word, as well as its antonym, very helpful in conceptualizing what appraisal analysis really is. Of course, this applies to the work of real estate appraisal as well.

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Sellers Appraisal Real Estate Buyers 379

AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Even if they’re not planning on having their current property act as their “forever home,” they still can’t afford to lose money by overpaying on a house that isn’t worth nearly what is being asked. Appraisals act as a way to prevent that from happening.

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Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Even if they’re not planning on having their current property act as their “forever home,” they still can’t afford to lose money by overpaying on a house that isn’t worth nearly what is being asked. Appraisals act as a way to prevent that from happening.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. So what can we do? Mortgage lending work is only one type of business where appraisals are needed. What will be of interest to the public? GET A WEBSITE.

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Business Appraisal Real Estate Agent Clients 393

Appraisal Buzz

APRIL 3, 2024

In this week’s episode, host Hal Humphreys interviews our guest Marty Wagar, President of Wagar & Associates and Instructor at Appraiser eLearning. Marty tell us about his unique history in the industry, why his first class with AeL is on Supporting Land Value, and why this class is so valuable to appraisers.

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Appraisal Business Mortgage Marketing 195

Appraisal Buzz

APRIL 29, 2024

This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include Buzztoon comics, as well as crazy stories from appraisers and readers like you! If you want to make sure you are receiving the print version of the Appraisal Buzz magazine in your mailbox, sign up HERE.

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Clients Business Appraisal Lending 195

Appraisal Buzz

JULY 25, 2022

Freddie Mac’s ACE+ PDR has taken effect – how are appraisers going to be impacted? Join us for our upcoming free webinar on July 28 th at 2 pm ET, “ ACE + PDR: What does this mean to you, and what’s the future for appraisal data collection? ” Buzz: What is your background in the industry?

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Appraisal Inspection Training Valuation 360

Housing Wire

MAY 23, 2023

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. We often hear the statistic that the average appraiser is a 57-year-old white male.

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Technology Appraisal Lending Valuation 356

Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

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Appraisal Design Lending Technology 397

Appraisal Buzz

FEBRUARY 2, 2022

Today’s Buzzcast interview is with Jody Bishop, the new President of The Appraisal Institute. We sat down with Jody and Joan Trice, Founder of Allterra Group, LLC to discuss what the outlook for the Appraisal Institute is for 2022 and what appraisers can expect from their initiatives.

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Appraisal Valuation 370

Housing Wire

JANUARY 18, 2023

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

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Appraisal Reconsideration of Value Appraisal Process Technology 367