Risk of “wildly inaccurate” home estimates if automation replaces human appraisers



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 […]

Freddie Mac expands appraisal waiver to condo buyers



Condo buyers and refinancers could be eligible for a new program that allows them to bypass a traditional in-person appraisal with a faster automated process, Freddie Mac said last week.

Is a no-appraisal mortgage really worth it?



Around five percent of Fannie Mae’s 1.2 million home mortgages have met the criteria for not needing a traditional in-person appraisal since new rules were introduced last year, according to the Washington Post

New rule exempts low-cost commercial property from appraisals



Almost one-third of commercial property sales will become exempt from the need for an appraisal following changes to federal rules.

Appraisal Foundation seeks to address labor shortage



The Appraisal Foundation’s Appraiser Qualifications Board is to ease the requirements for individuals to become an appraiser in order to combat labor shortages.

Appraisers and homeowners now see eye-to-eye



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



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.

NAR report highlights growing appraisal problems



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



The gap between homeowner’s perceptions of their properties’ value and what appraisers say their homes are actually worth is growing bigger

Homeowners & property appraisers see eye-to-eye



Homeowners and real estate appraisers are finally seeing eye-to-eye (almost!) following years of contrasting opinions over the valuation of properties.

Sign up Now and get our guide on Video Marketing for Real Estate Professionals for Free

Sign up to the Realty Biz News mailing list to get updates from our site and also get our guide to Video Marketing for Real Estate professionals for free