Federal agencies are trying to push the concept of automated home appraisals, but appraisers worry that the plan could lead to “wildly inaccurate” valuations of some homes. The idea is to reduce the number of homes that require an in-person appraisal by a human, in order to speed up closing times and save money for […]
Risk of “wildly inaccurate” home estimates if automation replaces human appraisers
November 28, 2018 by
New rule exempts low-cost commercial property from appraisals
May 1, 2018 by
Almost one-third of commercial property sales will become exempt from the need for an appraisal following changes to federal rules.
Appraisers and homeowners now see eye-to-eye
January 17, 2018 by
Experts say that the gap between appraisers’ and homeowners’ estimations of their homes’ worth is getting smaller.
The two parties perceptions of value is getting closer, though homeowners still do tend to slightly overestimate the price of their home.
How automation is threatening the appraisal industry
September 21, 2017 by
Appraisers might be starting to feel a little hot under the collar amid the growing realization that advances in automation and artificial intelligence technologies could one day threaten their jobs.
Freddie Mac wants to automate the appraisal process, for some
August 22, 2017 by
Mortgage servicer Freddie Mac is hoping to automate home appraisals in an effort to speed up the closing process and reduce fees for home buyers.
Why one real estate agent rejected higher bids in favor of an all-cash offer
July 26, 2017 by
Dallas-based real estate agent Laura Barnett didn’t anticipate quite so much interest in a listing she put on the market just three weeks ago.
NAR report highlights growing appraisal problems
May 2, 2017 by
The National Association of Realtors has just published its latest realtor’s Confidence Index for March 2017, highlighting some of the biggest roadblocks in the way of closing real estate transaction
Homeowners and appraisers disagree on home valuations
April 14, 2017 by
The gap between homeowner’s perceptions of their properties’ value and what appraisers say their homes are actually worth is growing bigger
Should Zika be factored into Miami home appraisals?
August 11, 2016 by
It’s feared that the impact of the Zika virus in Florida is even being felt in local real estate markets, affecting home values in some parts of the state.
Fannie Mae Creates Blacklist for ‘Questionable’ Appraisers
January 30, 2014 by
Fannie Mae is at last taking action against appraisers deemed to have ‘questionable practices’, and has apparently created a blacklist of those who mortgage lenders and banks should be wary of doing business with.
