Writing an Appraisal Report Hello and welcome back! We’ve made it to the final and most important step of the appraisal process. After gathering the subject’s data in Tutorial 1: Prior to Visiting the Property and performing the appraisal inspection in Tutorial 2 (at the Property), we’ve arrived at the last step: writing the appraisal [...]
Appraisal Preparation: What to do Before the Appraiser Arrives
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Appraisal preparation for a real estate appraiser appointment? Follow our house appraisal tips, video and list to make your appraisal inspection appointment go smoothly.
HVCC Compliance through the Mercury Network
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HVCC Compliance is Easier Than You Thought The requirement for HVCC compliance is changing the way Appraisers, Lenders, Mortgage Brokers, Clients and REALTORS® interact to get the deal done. HVCC Compliance and appraiser independence can be maintained while still permitting Lenders and Mortgage Brokers to work with their preferred local appraisers. The Mercury Network The [...]
Residential Appraisal Process – Part 2 of 3
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The Next Steps of An Appraisal In this series of Appraisal Process Tutorials, we review the Residential Appraisal Process for real estate. Tutorial 2: At the Property: The Appraisal Inspection We have gathered and analyzed all the preliminary data necessary before going out to the site. In all the years that I have been appraising [...]
Residential Appraisal Process – Part 1 of 3
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The First Steps of An Appraisal In this series of Appraisal Process Tutorials, we will review the Residential Appraisal Process for real estate. You can find the summarized list of steps on the page, Appraisal Steps: Determining the Market Value of Property. Texas Appraisers are licensed through the Texas Appraiser Licensing and Certification Board, with [...]
Approaches to Value
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Three Approaches to Value are used by Real Estate Appraisers to Determine the Market Value of Property: The Sales Comparison Approach The Cost Approach The Income Approach 1. The Sales Comparison Approach The most frequently-used and accepted approach to determining value in real estate appraisal practice is the sales comparison approach. This approach bases its [...]
Appraisal Inspection Overview
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An Appraisal Inspection Determines Property Size and Condition An Appraisal Inspection is a visit to the property being appraised to collect information that is used to determine the Market Value of a property in a real estate appraisal report. For a detailed list of the steps of an appraisal, including the appraisal inspection, please read [...]
FHA Appraisals: An Overview
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FHA Appraisals Follow Additional Guidelines FHA Appraisals are performed by approved FHA Appraisers. FHA Appraisals are required for property that will be purchased with an FHA loan. FHA loans are mortgages used to buy homes where the mortgage insurance on the loan is provided by the FHA (Federal Housing Administration). The FHA mortgage insurance provides [...]
Property Appraisal Types: Which One is Right For You?
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Property Appraisals: Pick Yours Property Appraisal by Appraisal IQ in Austin and Central Texas will determine the Fair Market Value of your real estate. When you need know value, you need a Certified Appraiser (aka, a Texas Certified Residential Appraiser), licensed to appraise real property. Common Property Appraisal Types The most common types of property [...]
The Mercury Network: Choose Your Local Appraiser AND Stay HVCC Compliant
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HVCC Compliant Appraisals Don’t Require an AMC If you are a lender and subscribe to the Mercury Network, you can choose your local appraiser and stay HVCC compliant. This service is not an AMC, and it is FREE for lenders and for others who need hvcc appraisal ordering. Appraisers pay a small fee for the [...]
Date of Death Valuations
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Determining Property Values of an Estate Date of Death Valuations determine the value of real estate as of the date that the owner died. Reasons for Date of Death Valuations Include: Estate tax liability Disposition of assets under a will or in probate (Estate Appraisals) These situations are usually stressful and complex, and must be [...]
Estate Appraisals | Estate Appraisal for Valuing Real Estate
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Estate Appraisals: Family Values Estate appraisals determine the value of real estate. When someone dies, an estate appraisal will need to be done on the real estate owned by the person who has died to figure out what their property is worth. This is important so that the person’s heirs receive what they are supposed [...]
Historical Appraisals – When and Why is a Historical Appraisal Required?
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Historical appraisals (also known as retroactive appraisals) are performed when a situation requires an appraisal of property to determine Market Value where the effective date of the appraisal is a date in the past. Banks and lenders usually require a real estate appraisal in order to determine that the value of a property (the Market [...]
Divorce Appraisals
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Divorce Appraisals for Real Estate Unfortunately, divorces happen, and when they do, assets need to be divided. One of the largest assets for many people is their home. Before a divorce can be finalized, the value of the home needs to be determined by a residential real estate appraisal. When you know the value of [...]
Teravista in Round Rock (78665) Market Data Report for June 2010
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Teravista in Round Rock is a Master Planned Community that has a lot of the same attractions as Steiner Ranch down off 620 in Western Travis County. Teravista is a sprawling subdivision in northern Williamson County in Central Texas that has a golf course, swimming pools and a playground, as well as a well-appointed Residents [...]
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