The advent of real estate technology platforms has made it increasingly easier to order appraisals online. Additionally, ordering online allows for a more streamlined approach to the appraisal transaction, ensuring increased precision of details and conserving time. Building off the aforementioned benefits, here are four reasons to strongly consider ordering appraisals online: 1) Accuracy: If [...]
Entries from August 2009
How to Easily Order Appraisals Online
Aug. 4th, 2009
Joining A National AMC
Aug. 3rd, 2009
Real estate appraisers need to carefully research various appraisal management companies (AMCs) in order to find the best working relationship possible. Not only do you have to consider your business’ bottom line, but associating yourself with a less than reputable AMC could also negatively impact your company’s reputation and, subsequently, revenue. If you’re considering joining [...]
Non Influence Appraisal Management Company
Aug. 3rd, 2009
Ever since the official institution of the Home Valuation Code of Conduct (HVCC) on May 1, 2009, it has become increasingly urgent for lenders, and for similar reasons appraisers, to find appraisal management companies (AMCs) that are compliant with the “non-influence” process. It has become almost commonplace for an HVCC non-influence AMC to provide a [...]
If Foreclosure is Unavoidable, Know Your Options
Aug. 3rd, 2009
Over the past decade, consumer spending has reached an all-time high. In the 1950s, Americans saved just under ten percent of their income and only about 60 percent of earnings went to consumer spending. Contrast this with 2007, when consumer spending accounted for almost three quarters of people’s earnings, while the average American saved nothing. [...]
Automating Your Appraisal Management
Aug. 3rd, 2009
Banks and lenders are now confronted with a multitude of options when it comes to appraisal management companies (AMCs). Not only do lenders have to network with a trustworthy AMC, but one that has stayed up to date with the appraisal industry and its processes. One key characteristic to seek out is an automated appraisal [...]
Getting On Approved Lender List
Aug. 3rd, 2009
As the Home Valuation Code of Conduct (HVCC) declares a new relationship between lenders and appraisers – with an appraisal management company (AMC) taking on a stronger role as a sort of liaison – it has become more important for lenders to be on an AMC’s approved lender list. Doing so allows the lender to [...]
Playing The Real Estate Field
Aug. 1st, 2009
House hunting can be a tedious process. After selecting several prospects that meet the requirements and budgetary constraints of the buyer it is up to the real estate agent to arrange showings of the desired houses and take a tour of the available offerings with the buyer to take a closer look at what houses [...]
How Much Is My Home Worth
Aug. 1st, 2009
Determining the actual value of a house can be a difficult thing to do in markets where the foreclosure houses have lowered the cost of houses that are being sold. For anyone to know the actual value of a piece of property they must go to a professional appraiser to have the value of their [...]
Beware Of Bait And Switch Pricing
Aug. 1st, 2009
Some home sellers, under the advisement of their realtor are putting their houses on the market for sale at a price that on the surface appears to be competitive, even a little below the reasonable asking price of other homes in the same area. Because the demand for well priced homes is high in the [...]