Housing Wire

NOVEMBER 18, 2020

HousingWire recently spoke with CoreLogic’s Chief Appraiser Shawn Telford about re-examining traditional appraisal workflows in light of the changes brought on by COVID-19. HousingWire: What changes have appraisers had to make to their workflows in light of social distancing and other COVID-related concerns?

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Housing Wire

SEPTEMBER 23, 2021

Appraisers have experienced many challenges in the last couple of years. From juggling high volume demand for appraisals in the middle of a pandemic, appraisers had to radically change their processes. Remote inspections have the power to make homeowners and appraisers more comfortable. Introducing RemoteVal.

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Housing Wire

JANUARY 26, 2021

People often confuse the home appraisal with the home inspection. Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer.

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Easy Agent Pro

DECEMBER 20, 2023

As the cold season sets in, the impact on property inspections and appraisals becomes evident. Snow and Ice: A Blanket for Property Features Snow-covered landscapes might paint a picturesque scene, but they pose a considerable challenge during property inspections.

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Housing Wire

DECEMBER 6, 2021

A San Rafael, California real estate appraiser is being sued for allegedly undervaluing a home by almost 50% because the homeowners are Black. Miller of Miller & Perotti Real Estate Appraisal and AMC Links LLC , an appraisal management company headquartered in Lehi, Utah.

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Housing Wire

FEBRUARY 10, 2021

Lender Sierra Pacific Mortgage (SPM) announced Wednesday it will use CoreLogic’s collateral valuation platform in order to streamline future home appraisals. Are borrower-assisted inspections here to stay? By having a centralized appraisal review process in place, we have been able to reduce the underwriting time on each loan.

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Housing Wire

JANUARY 13, 2021

United Wholesale Mortgage ( UWM ) unveiled a new policy this week, telling brokers that appraisals will be completed within 10 business days or they’ll refund 50% of the appraisal cost back to the customer. Are borrower-assisted inspections here to stay?

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Real Trends

SEPTEMBER 20, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? 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. Not necessarily.

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HomeLight

MARCH 28, 2024

To determine your home’s true market value, you can hire a licensed appraiser for around $400 to $600. According to a 2023 Appraisal Survey by the National Association of Realtors, the typical cost is $500. Mortgage lenders require an official appraisal to ensure they’re not lending a buyer or homeowner more than the property is worth.

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Housing Wire

MARCH 10, 2023

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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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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Realty Biz

MARCH 12, 2023

Preparing For an FHA Inspection Before your FHA loan can be approved, your buying home must be inspected and appraised. The inspection will check the roof is in a good enough condition, the water is drinkable, and many other things. Most people do not know there are FHA inspection requirements for appraisals.

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Realty Biz

MARCH 28, 2023

VA appraisals and VA inspections are often confused, but they are different. A VA appraisal is similar in some ways to the appraisal with a conventional mortgage, but they do more to protect buyers. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

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Hank Miller Team

NOVEMBER 22, 2022

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. What is a Real Estate Appraisal?

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Housing Wire

JANUARY 14, 2022

The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. “It in November, per Redfin, suggesting listing agents perhaps underestimated continued market demand. It left us breathless. In addition, the sale-to-list price ratio was 106.3%

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Realty Biz

JANUARY 4, 2024

One of the more researched topics in real estate is appraisals. There are numerous questions that buyers frequently ask real estate agents or through online searches. Whether you are buying or selling a home, it is essential to have a firm grasp of home appraisals. What is a Real Estate Appraiser?

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Realty Biz

OCTOBER 19, 2022

The home inspection is part of the process that can lead to problems, but what does a home inspector do? The home inspection is the buyer's opportunity to get a professional opinion on the home's condition. If you are unsure about what does a home inspection cover, we take a look so that you are better informed. Others do not.

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HomeLight

MAY 31, 2022

It’s natural to wonder, “Can I get a free home inspection?”. In order to understand what you can and can’t receive for free, it’s important to know what role your home inspection plays in a home transaction. During a home inspection, a professional will scope out the home and assess its condition, structure, and safety.

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McKissock

AUGUST 10, 2021

Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. In this post, we provide valuable tips for preparing to inspect a luxury home, including some key questions to ask of the homeowner, agent, or builder about upgrades and amenities. Prepare the homeowner.

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Windemere Buying

AUGUST 2, 2023

As you search for a home , you’ll likely come across the term “pre-listing inspection” here and there. Let’s take a deep dive on the pre-listing inspection, how it factors into making an offer on a home and unravel why some sellers choose to conduct it. What is a pre-listing inspection? Talk to your agent for more information.

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Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. Anything below list price, regardless of the terms, just can’t compete.”

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Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience.

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Housing Wire

DECEMBER 8, 2023

Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through. With a changing market, home inspections are now becoming a secondary point of negotiation. This can be a key value you provide to your buyer clients.

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HomeLight

SEPTEMBER 22, 2022

Appraisers and real estate agents have a love/hate relationship. Of course, we love them when the home value appraises at or above our client’s sales price, and not so much when it doesn’t. For some agents as well as homeowners, appraisals are a bit of a mystery. Appraisers make time adjustments. Am I right?

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Broke Agent Media

MARCH 1, 2023

Home appraisals have long been an issue of debate within the real estate industry. The good news is Fannie Mae is working to eliminate discrepancies that can occur with traditional appraisals. The spectrum balances traditional appraisals with appraisal alternatives. Lender reviews data and warrants property eligibility.”

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HomeLight

JULY 25, 2022

That’s why buyers and lenders often contract with licensed, local appraisers and inspectors to perform an in-depth examination of the home and create a snapshot of its current market value and its condition. This won’t replace a home appraisal, but it can be a helpful starting point. Home appraiser versus home inspector.

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Realty Biz

DECEMBER 3, 2020

Checklist When Getting a Home Inspection. When you are buying a home, the home inspection can be an exciting time. Home inspections can help you confirm you’ve made a good home buying decision or give you a list of issues to raise with the seller. Keep in mind that home inspections are not passed or failed.

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Realtor.com

DECEMBER 30, 2021

Sending a professional to somehow inspect the condition of your home unannounced may seem a bit bold on the buyer’s part. Can a potential buyer send someone—be it a roofer, inspector, or contractor—to inspect a home or snoop around outside without the seller’s consent? What if you’re using a dual agent?

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HomeLight

AUGUST 30, 2022

It’s natural to be curious about how a home appraisal works, especially when you’re in the process of selling and an interested buyer is relying on loan assistance to afford your asking price. While no two appraisals are exactly the same, there is a great deal of consistency on what to expect and how to prepare. Walkthrough inspection.

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Housing Wire

APRIL 13, 2021

Private equity firm Gridiron Capital has acquired Michigan-based appraisal management company Class Valuation from another private equity player, Narrow Gauge Capital , the firms said in a statement on Friday. “Once it goes back, how long does it take for the appraiser to be responsive to us and eventually complete the order?

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Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. That demand has stretched appraisers, Richardson said.

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Keeping Current Matters

SEPTEMBER 29, 2021

Before you decide to sell your house on your own, here are five reasons why working with an agent is your best bet to maximize the sale of your home. First impressions are everything – and an agent knows how to make a great one. An agent considers things like: Should you take down any personal art or pictures?

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Housing Wire

APRIL 8, 2021

Consider an appraisal gap: Adding an appraisal gap to your offer tells the seller that even if the property appraises for less than the purchase price in the contract, you are committing a preset dollar amount to making up the shortfall. There is a chance they could offer an appraisal gap and never have to use it.

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Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City. “It Kansas City, Missouri.

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Keeping Current Matters

JUNE 28, 2021

An agent can help steer you in the right direction based on current market conditions to save you time and effort. These market conditions may not last, so lean on an agent to capitalize on today’s low inventory while you can. Contrary to popular belief, FSBOs may actually net less profit than sellers who use an agent.

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McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. As part of our monthly survey series, we asked real estate appraisers, “What type of non-lending appraisal work are you MOST interested in pursuing?

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McKissock

MARCH 8, 2022

In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. In various articles and opinion pieces, some claim that desktop appraisals will solve the appraiser shortage and modernize the appraisal process, while others claim that they will cause the demise of the appraisal profession.

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