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The home inspection process: Should you skip it?

Housing Wire

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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ICE unveils two new property valuation solutions

Housing Wire

Regulators are paying close attention to valuations for many valid reasons. Valuation Selector helps lenders and investors identify the most suitable valuation method (AVM, AVM with inspection, desktop exterior, desktop interior or full appraisal) for a property, depending on its complexity.

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The advantages of a pre-listing home inspection

Realty Biz

Homeowners who’re looking to secure a quick sale might want to take it upon themselves to do a pre-listing home inspection with the aim of speeding up the sales process. Sellers that opt for a pre-listing inspection will be informed of any issues with their home that might impact its value.

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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

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Fannie Mae approves six vendors for controversial new valuation initiative

Housing Wire

.” In a statement Friday, Accurate Group said it has completed more than three million property data inspections and hybrid appraisals through its ValueNet suite of products. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

Providing appraisers with more product options designed to increase efficiency helps to create more capacity, which will become essential when volumes increase again. Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process. HW: How can appraisal modernization enhance the valuation process?

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10 Wild Home Inspection Photos That’ll Make You Go ‘WTF?’

Realtor.com

chrisboy2004 / Getty Images Instagram is an endless trove of eye candy in the form of celeb selfies, cute pets, and cool home design ideas—but who would have thought that shocking home inspection photos of rusty toilets or electrical hazards would become Insta-famous, too? A toilet too close to the door. ” 7. .”