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It’s not all about square footage in real estate Home Value Calibrator (Calibrator) is a quality control tool that measures the risk that an appraisal or other submitted value estimate of a property may exceed the actual market value.
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What is a Real Estate Appraiser? Hello- I hope everyone is getting ready for the volcanoes of refinances when the new guidelines are finalized. I am actually looking forward to being busy, busy, busy – I will begin to feel hopeful.
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Marketing Strategy: Sometimes a property does not generate interest as a short sale, but that does not mean it is not worth the listing price or more. Short sales tend to have a stigma among buyers, so they often need to be priced more aggressively to generate interest. Moreover, it is very common to see short sales generate very little interest at a certain price, but the same property will sell quickly as an REO at that same price. The listing agent and/or home owner need to understand the market in order to set the right price for the property, whether a short sale, REO or traditional sale.
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magnifying glass Potential bump: 3 to 5 percent An appraiser’s work is objective, based on facts and evidence. They should not be biased, to either a person or an item. They must be competent at the engagement to provide the services they state and render their work product in a timely and expected fashion. You should expect proficiency, clarity, and confidentiality.
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Blood Pressure Monitors Zillow – Still Not Good Enough May 7, 2017 From a mortgage approval standpoint I still find that most mortgage professionals are still stuck in the wonderful world of AUS. As in bygone days, they believe that if a case receives an automated underwriting approval then the case will be approved, no questions asked, no additional documentation required. Well, I am here to tell you, that’s just not the case.
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Although requirements vary by state, appraisers of residential real property usually must have at least an associate’s degree, and appraisers of more complex residential or commercial property usually must have at least a bachelor’s degree. In practice, however, most have a bachelor’s degree.
Once Marital versus non-marital interests are determined, the parties may discuss a division of the asset. Economic forecasting tries to predict the future. This can be hard, especially when unforeseen events occur that affect the economy and the housing marketplace. Still, in periods of stability, the forecasts give a reasonable prediction of what will happen. For example, the forecast for Redding, CA is for home values to increase by 10.7 percent from November 2012 to November 2013. The median forecast error for Redding, CA over the past six years, which spans the housing boom and bust, is 3.4 percent. From 2014-2015, when values have been more stable, the median forecast error is just 2.8 percent. Either way, barring unexpected events, we can reasonably expect values in Redding, CA to increase between 7.7 percent and 13.7 percent. See here for more details about forecast accuracy.
O Toll Free: Greenwood Understanding the content requirements and procedures associated with a residential appraisal report is critical. This course will guide you through different report forms and acquaint you with other valuable reporting options.
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Blog Tags: Don’t just start knocking walls down. Plan it out — the fastest way to increase your home’s value is to make upgrades intentionally, not on impulse. Home improvement projects cost about $0.20-0.25 on the dollar. The other $0.75-0.80 spent goes directly back into the home through increased value.
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What you’ll see on a residential appraisal report Potential bump: 4 to 6 percent Certified Master Loan Processor (NAMP®-CMLP)
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City dumps and power plants can drag down your home value by about 7%.
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