Birmingham Appraisal

SEPTEMBER 15, 2022

In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes.

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Birmingham Appraisal

JANUARY 24, 2024

Housing statistics function as the orchestrator, providing the structured beats of market trends, property values, and relevant data. From average home prices to how long a property hangs out on the market, inventory levels, and beyond—each stat packs a punch of info ready for you to cash in on. Why Bother with Housing Stats?

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Genworth MI Blog

JULY 16, 2020

Of course, since condition, quality and features are commonly understood to be influential to the market value of the property, there is risk that misrepresented, fraudulent, or strategically selected photographs could result in an inflated appraised value. What are some of the fraud risks with borrower-supplied photos?

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Genworth MI Blog

JULY 16, 2020

Of course, since condition, quality and features are commonly understood to be influential to the market value of the property, there is risk that misrepresented, fraudulent, or strategically selected photographs could result in an inflated appraised value. What are some of the fraud risks with borrower-supplied photos?

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Appraisal Today

JULY 1, 2022

Subject Property Actual Location. Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City.

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Listing Spark

FEBRUARY 9, 2023

A home appraisal is a process in which a licensed appraiser analyzes your property and determines the fair market value of your home. People typically use an appraisal to validate the value of a home or property for real estate transactions between buyers and sellers, or if homeowners are refinancing their mortgage.

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Town & Country Residential Appraisals

MARCH 16, 2020

In real estate “Fluffing” has become normal, but with the ability to “digitally stage” homes in the MLS, it will become more and more difficult for buyers to know what options they really have in front of them without physically visiting the property. Location, Location, Location - Double check where the MLS places your property.

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Portland Appraisal Blog

APRIL 14, 2019

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. What just happened?

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McKissock

MARCH 9, 2021

Appraising specialty or niche properties—like commercial properties, luxury homes , historic homes, etc.—can ” “I have been in this property. . ” “I have been in this property. Fabulous location.” It would be a honor to appraise his property and get a feel for the man.”

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Town & Country Residential Appraisals

JANUARY 20, 2020

The subject site is considered vacant (without any improvements) and then compared to sales of vacant land in the recent past. The subject site is considered vacant (without any improvements) and then compared to sales of vacant land in the recent past. This property recently sold for $72,000, with.1515 Why does this matter?

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Chicagoland Appraisal Blog

JANUARY 21, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

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AmeriMac

SEPTEMBER 1, 2021

They go through the administrative process of actually hiring and retaining an appraiser. Specifically, lenders now have to use independent appraisers to ensure that properties are valued appropriately. An Appraisal Management Company is more than just an appraiser. AMCs as a concept were developed in the 1970s.

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AmeriMac

OCTOBER 1, 2021

They will also use information from comparable properties, otherwise known as comps, to help make this judgement. In many situations, comp photos will be used – a subject that has been mired in controversy in recent years from professionals. No lender will ever approve a mortgage for more than a house is actually worth.

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AmeriMac

OCTOBER 1, 2021

They will also use information from comparable properties, otherwise known as comps, to help make this judgement. In many situations, comp photos will be used – a subject that has been mired in controversy in recent years from professionals. No lender will ever approve a mortgage for more than a house is actually worth.

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Appraisal Partners Blog

FEBRUARY 4, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity. A saltwater pool? Spoiler Alert.

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Appraisal Today

APRIL 19, 2024

Importantly, Chance points out that claims of appraiser bias contradict what appraisers actually do. Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science.

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Appraisal Today

JANUARY 20, 2023

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Concessions were less common in some metros compared to last year, including Austin, Texas, where sellers gave concessions to buyers in 33.3% of home sales in the fourth quarter.

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Appraisal Today

MAY 19, 2023

Can ChatGPT, and other AI models, actually assist appraisers in writing summary appraisal reports? Rewrite the following description of a house and property using brevity and professional language” “Summarize all of these property descriptions into one, easy-to-read format with a professional tone for a real estate appraisal report.”

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Housing Wire

MAY 2, 2022

During the pandemic, the Federal Housing Finance Agency (FHFA) began allowing for desktop appraisals, or an appraisal that can be performed from a desktop without a physical property inspection. COVID-19 brought many changes to the housing industry as stay-at-home orders forced companies in the space to re-think the mortgage process.

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Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. The quality of local schools is a significant factor influencing property values.

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Housing Wire

JUNE 7, 2021

As most know, there have been multiple reports of race-based appraisal bias among certain appraisers in varied locations across the nation. First, they show homes where at least one African American person lives where the appraiser came back with a value that seemed unusually low for the home and the market.

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Realvals

JULY 29, 2022

Page one contains the subject, contract, neighborhood, site, and improvement sections. Page three contains additional comments, additional approaches to value, and a section for planned unit development properties. Page One – Subject. Reading an appraisal report for the first time can be quite daunting.

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Housing Wire

JANUARY 26, 2024

Of course, there are numerous other things we could dissect, like whether or not you like the brokerage colors or how close the nearest office is to your home, but much of that is subjective, so we’ve stuck with stuff that can be compared equally. Vetted by HousingWire | Our editors independently review the products we recommend.

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Appraisal Today

SEPTEMBER 30, 2022

Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. Many experts advise that the state and federal standards requiring these important systems exist for a reason. CO Detector vs Smoke Alarm.

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Housing Wire

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. House Financial Services Committee.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Thus, it’s fair to say that identifying the physical characteristics of the subject property in a desktop appraisal is a similar process to verifying comparable sales.

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Chicagoland Appraisal Blog

MARCH 21, 2022

TRANSCRIPTION: If you’re buying, selling, divorcing, filing bankruptcy, fighting your property tax bill, etc…it’s super important to value your real estate correctly. We also do appraisals for probates where those appraisals are used to help the administration in division and distribution of the decedents, real estates.

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Houston Properties

FEBRUARY 18, 2021

Houston saw blankets of snow, sleet, record-low temperatures, and energy blackouts thanks to a historic winter storm making its way across the region. The Bayou City has not seen weather this frigid for more than three decades. Houstonians are being asked to keep off roadways and hunker down at home until the weather gets warmer. Be patient!

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Appraisal Today

FEBRUARY 24, 2023

Surviving the Current Slowdown by Kendra Budd, Editor, Working RE Excerpts: While the actual volume of appraisal work has only declined to the equivalent of a slow month in 2018 or 2019, the volume of appraisals has declined over 60 percent from the busiest month in 2021 compared to the later (slower) months of 2022. . Are your legs shaking?

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Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As a French major and Russian and political science minor at the University of Michigan, Williamson had initially entertained the idea of going into politics. Instead, she was recruited out of school as one of Pan Am ’s first Russian speaking stewardesses. That was in 1980.”.

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Raleigh Realty

FEBRUARY 21, 2022

We have you covered in the article below with a guide on how to determine the total square footage of a house When determining how to measure the square footage of a house, it may come as a surprise that there is not a national standard for measuring residential property. Square footage guidelines also tend to vary from state to state.

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Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It did not even though many lots nearby were developed. Humor for Appraisers.

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Appraisal Buzz

NOVEMBER 1, 2021

Although economic, legal, locational, and physical similarities are important, that is not what I am referring to in this case. It is possible to have a set of comparables which are very similar to the subject, but represent only one side of the distribution. If you haven’t read those yet, I’d recommend reading them first.

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McKissock

JANUARY 3, 2023

Vehmeier, Appraisal Educator Emeritus, shares his insights into appraising small income properties. The topic of this blog is two-to-four unit residential income properties. Why invest in 2-4 unit properties? SIPIWANI is a mnemonic that describes why buyers invest in 2-4 unit properties. P roperty. I nvestors.

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The Robert Weiler Company

APRIL 20, 2021

By the time you reach the end, we’re confident that you’ll have a better understanding of what a business valuation is, the critical factors of a business appraisal, and the process that goes into estimating the actual value of a business. Question 1: Why do I need to understand business valuation? Question 2: What is business valuation?

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Appraisal Today

SEPTEMBER 1, 2023

Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? McKissock Survey Excerpts: As a professional appraiser, you’ll likely encounter some strange properties from time to time. Odd properties tend to be challenging yet rewarding in terms of the fee. The stories behind them are lengthy.” “It

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Valuation Nation

OCTOBER 16, 2022

Actual days on market (DOM). How Real Estate Appraisers look at Market Analysis. To borrow a phrase from my friend, the real estate market has come to that, “Oh Shift!” time again. Nationally markets are tapering and changing. The Federal Reserve has caused quite the change in the market with the interest rate hikes. And that is true.

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