Posts Tagged ‘amc’
The Challenges of Doing Multifamily Property Appraisals
Doing multifamily property appraisals can be very challenging because they aren’t done the same way as either single-family home or apartment building appraisals. In fact, a multifamily property appraisal is quite different from either. In part, this is because a multifamily property is most often used to produce income rather than as a place for…
Read MoreWhat COVID-19 Has Taught Us About Appraisals
The entire housing market has seen a lot in the past 18 months or so, and the appraisal industry is no exception. With all that’s happened since the COVID-19 pandemic started, we can all safely say that we’ve learned quite a bit. So, now the question is, what have we learned about the appraisal industry…
Read MoreWhat AMCs Do and Don’t Do in the Appraisal Process
Appraisal Management Companies (AMCs) are one of the newest additions to the real estate industry. AMCs were created from Dodd-Frank to separate mortgage brokers from appraisers, protect the market from inflated and/or biased values, and facilitate the entire appraisal process. In addition to managing the appraisal process, AMCs must also consider the perspectives and needs…
Read MoreThe Responsibility of Appraisers
As an AMC, we spend a lot of time talking and thinking about the responsibility of appraisers in the housing market and the vital role they play. We’re so grateful for the many incredible appraisers we work with daily and are always looking for ways to help our appraisers be more efficient and generally better…
Read MoreReasons Why Appraisals Come in Low
It’s a frustrating thing to buy or sell a home and find out that it’s not worth what you thought it would be. The real estate industry is no stranger to low appraisals, especially in today’s market, and there are plenty of reasons why they happen. From improvements not being worth what you expected to…
Read MoreChange is in the Air: Fall 2020 Market Update
There are a lot of important things happening in the mortgage and appraisal world right now. We want to give you a rundown of some of the things we’ve been talking about around the office, and with our clients, for the past few weeks. Upcoming Refinance Fee Historically low interest rates have caused a refinance…
Read MoreHow COVID-19 Impacted the Appraisal Process
We often get asked how COVID-19 impacted the appraisal process and how AMCs are working with appraisers to address these challenges. This is a great question, so let’s dive in! There are several factors that have affected the appraisal process amid COVID-19: State phasing restrictions and PPE standards Industry changes to appraisal requirements A record…
Read MoreWe Are Kairos Appraisal
We’re Kairos Appraisal, and we’re excited to tell you a little bit more about us. Thanks for taking the time to check us out! Who We Are Kairos Appraisal started out as a west coast AMC with a solid reputation for excellent customer service. We’ve expanded since then, and we now serve over 40 states.…
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