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Appraisal Technology

Using Technology to Speed Up the Appraisal Process

By Alex Todak / July 5, 2021 / Comments Off on Using Technology to Speed Up the Appraisal Process

One thing we’ve been talking about a lot this year is the fact that homeowners to lenders to buyers want to get a mortgage more quickly. It seems reasonable, too, given all of the advances in technology within the housing industry recently to utilize appraisal technology—especially during 2020. The Pandemic Has Changed Appraisals The housing…

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Home Appraisal Myths

Home Appraisal Myths – Busted!

By Alex Todak / July 1, 2021 / Comments Off on Home Appraisal Myths – Busted!

No matter how many times you’ve been through the process, the prospect of a home appraisal can seem a little daunting. With the cobweb of people involved, it’s understandable that your clients may feel a little bit confused. So, to help everyone through the process, we’ve compiled a list of the top seven home appraisal…

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Manufactured home appraisals

Everything You Need to Know About Manufactured Home Appraisals

By Alex Todak / June 1, 2021 / Comments Off on Everything You Need to Know About Manufactured Home Appraisals

There is a growing demand for alternative types of housing in communities across the country. As home prices for traditional single-family residences continue to soar, it’s becoming more difficult for people to buy a home. One attractive alternative type of home that is growing in demand is manufactured homes, sometimes referred to as mobile homes.…

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how-appraisers-choose-comps

How Appraisers Pick Comps

By Alex Todak / April 8, 2021 / Comments Off on How Appraisers Pick Comps

Appraisers have to be really methodical about how they pick comparable properties, or comps, when they are doing home appraisals. There are extensive guidelines from Fannie Mae, Freddie Mac, and the FHA about what constitutes an appropriate comp for a home appraisal. Here’s a peek into how appraisers pick comps and how they affect a…

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Appraisal

The Difference Between Sales Price and Appraisal Value

By Alex Todak / April 3, 2021 / Comments Off on The Difference Between Sales Price and Appraisal Value

You may wonder why a home’s sales price and appraisal value sometimes don’t match up. Whether you’re buying a home or selling a home, it’s important to know how they can differ, especially in today’s hot housing market. Home Sales Price The housing market is, of course, influenced by the fluctuations of supply and demand.…

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How COVID-19 Changed the Housing Industry Forever

How COVID-19 Changed the Housing Industry Forever

By Alex Todak / March 17, 2021 / Comments Off on How COVID-19 Changed the Housing Industry Forever

COVID-19 changed the housing industry in so many ways, from how buyers view potential homes to how loans close. While we all know the world will go back to “normal” at some point, some of these changes are going to be with us forever. The pandemic has required all of us to use technology to…

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2021 Housing Market

2021 Housing Market Outlook

By Alex Todak / March 1, 2021 / Comments Off on 2021 Housing Market Outlook

Everyone’s excited that 2021 is finally here, and we can’t blame them! We’re excited for the new year, too. Even though 2020 was a bummer for so many reasons, the housing market was not one of them. In fact, it was a bright spot in the economy, and no one expects that to change this…

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Buying a Distressed Property

What to Consider When Buying a Distressed Property

By Alex Todak / January 5, 2021 / Comments Off on What to Consider When Buying a Distressed Property

If your clients are wondering what a distressed property is and what that means, here’s what they need to know about how it can help them buy a home when there aren’t many options. The housing market around the country is hot, and there isn’t enough inventory to go around. Enter: distressed properties. What does…

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5 Ways to Help Your Clients Through the Appraisal Process Successfully

Help Your Clients Through the Appraisal Process with 5 Tips

By Alex Todak / December 26, 2020 / Comments Off on Help Your Clients Through the Appraisal Process with 5 Tips

As a lender, you may wonder exactly how to best help your clients through the appraisal process successfully. Well, we’ve got the inside scoop for you! There are a few things you can do that will make a big difference in how smoothly the entire process goes.

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An Update on Fannie Mae and Freddie Mac

Update on Fannie Mae and Freddie Mac and the Housing Market

By Alex Todak / December 2, 2020 / Comments Off on Update on Fannie Mae and Freddie Mac and the Housing Market

One of the hottest topics in the housing market right now is Fannie Mae and Freddie Mac. The topic of conversation is whether or not they’ll come out of government conservatorship in the near future. It’s something we’ve been hearing plans about for a while, but nothing is set in stone yet. Their coming out…

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