Posts Tagged ‘appraisal process’
The 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 MoreHow to Recruit More Appraisers to the Profession
It’s a song we’ve heard time and time again—we need more appraisers as more and more people are retiring and leaving the profession. The problem isn’t going to go away anytime soon—appraisers are getting older and older. According to these numbers from the Appraisal Institute, 70% of appraisers are over the age of 50! With…
Read MoreUsing 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…
Read MoreHome 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…
Read MoreEverything 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.…
Read MoreHow 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…
Read MoreThe 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.…
Read More2021 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…
Read MoreWhat 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…
Read MoreHelp 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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