Posts Tagged ‘home buyer’
Highest ROI: Top Home Renovations
Today’s housing market has limited inventory, along with rising home prices and interest rates. For that reason, many people have opted out of the real estate market entirely for now and are instead putting their money toward making some improvements to their current homes. Even with inflation and supply chain issues, home remodeling projects are…
Read MoreReasons to Work with an Appraisal Management Company
An appraisal management company (AMC) plays many key roles in the home appraisal process. Its appraisal management services involve many moving parts. But most importantly, it ensures accuracy, fairness, compliance, and a better experience. Read on to learn why it is important to work with an appraisal management company and the benefits it provides to…
Read MoreHome Appraisal vs. Home Inspection: How They Differ
When selling your home or buying a house, the appraisal and inspection are critical steps in the process. As they both involve a professional conducting an onsite examination of the property, it’s easy to confuse the two. However, there are key differences between a home appraisal and a home inspection. Is a Home Inspection the…
Read MorePreparing for a Home Appraisal Inspection
When selling your home or refinancing your mortgage, the home appraisal inspection is a crucial step in the process. And of course you want the final appraisal report to reflect your home’s highest possible value. Remember, what your home is worth is also tied to your home equity. If the property appraises at a higher…
Read MoreAppraisal Independence Requirements for Mortgage Brokers
Have you seen the most recent updates to the Appraiser Independence Requirements? This is something worth paying attention to. These guidelines affect loan officers and how closely AMCs can work with mortgage brokers and lenders moving forward. Lenders have previously been scrutinized for how they have interpreted the Appraisal Independence Requirements. But with the recent…
Read MoreKairos’ Innovative Tools for Residential Appraisers
At Kairos Appraisal, we take pride in providing an efficient and streamlined appraisal process that benefits our borrowers, our lending partners, and most importantly our appraisers. We talk a lot about our real estate appraisal tools, but one thing we don’t talk about enough is how we integrate technology to support our appraisers. At Kairos…
Read MoreHow to Read a Home Appraisal Report
The home appraisal report plays a significant role in the home buying process. This article provides a brief overview of its various sections and what is covered in each, so you can gain a better understanding of how to read a home appraisal report. In this article, we’ll walk you through the Uniform Residential Appraisal…
Read More7 Questions Residential Appraisers Ask Homeowners
When purchasing a home with a mortgage or refinancing, the transaction may require that a home appraisal inspection be done. This is because appraisals assure the lender that they are not issuing mortgages for more than what residential properties are worth. Appraisals are conducted by real estate appraisers, who must meet an educational requirement and…
Read MoreHow Appraisal Management Companies Aid the Appraisal Process
The home appraisal is a key part of any home sale transaction, assuring the lender that they are not issuing a mortgage for more than a property is worth. Lending regulations restrict the borrower, mortgage broker, or lender from choosing which appraiser conducts their home inspection and prevent direct communication between these parties. Appraisal management…
Read MoreAppraisal Technology and the Future of the Appraisal Industry
While most mortgage brokers and lenders use financial technology (fintech), the same can’t be said for the appraisal industry. While a home loan can be processed in 10 days, the national average time to turn around a real estate appraisal is 17 to 20 days. The question then becomes, “How can the appraisal industry streamline…
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