3 Types of Real Estate Appraisal Information to Produce During On-Site Inspection

Published by Merryl Dusaran on February 17, 2020

In a nutshell, inspections do not just deliver a general impression of the overall physical condition but also reveals those areas that needed an in-depth investigation, like foundations and structural framing, roof conditions, and home ventilation. Inspections are vital because what the inspector or appraiser may conclude about the property will have an influence on the property’s selling price. Inspections typically take about 3 to 4 hours, so you must know beforehand what important appraisal information is needed from an on-site inspection.

Read more...
3 Types of Real Estate Appraisal Information to Produce During On Site Inspection

3 Types of Real Estate Appraisal Information to Produce During On-Site Inspection

In a nutshell, inspections do not just deliver a general impression of the overall physical condition but also reveals those areas that needed an in-depth investigation, like foundations and structural framing, roof conditions, and home ventilation. Inspections are vital because what the inspector or appraiser may conclude about the property will have an influence on the property’s selling price. Inspections typically take about 3 to 4 hours, so you must know beforehand what important appraisal information is needed from an on-site inspection.

10 Types of Appraisal Information to Find When Doing Property Research

10 Types of Appraisal Information to Find When Doing Real Estate Research

Property research is crucial in making real estate verdicts. It provides information relevant to the buying-selling negotiations and decision-making. But before you start going around in circles, going back and forth with little to no information, you need to know where to begin. So, here’s a starting point: The ten types of appraisal information to find when doing property research.

Your client may require more information about the property, depending on the purpose of the appraisal, but these 10 types of information are the ones commonly sought after.

How the Appraisal Report Writing Workflow Works

Appraisal report writing looks easy at first glance, but the lack of complexity belies the magnitude of the process.

First of all, a single report may contain more than a hundred data points that must be accurate and up-to-date. Second, the report should include photos, sketches, and comments from the appraiser and this can only be done through on-the-ground inspections and a comparables research that brings the appraiser through the neighborhood where the property being appraised is located.

Thus, it’s a collaboration between the appraiser and the agent who works to keep all the data together in one place.

Why Lenders and Insurers Shouldn't Fully Rely on Digital KYC Checks

Why Lenders and Insurers Shouldn’t Fully Rely on Digital KYC Checks

Lending and insurance firms comply with KYC and AML rules to prevent fraud and money laundering. They collect customer data, analyze and verify it. They need to know who a customer is, their economic background, and if it’s legal to do business with them. For them to conform with regulatory bodies, they welcome Artificial Intelligence (AI) into their business. With AI’s ability, they can rapidly evaluate the worthiness of the borrower’s credit and mitigate risk cost-effectively.

Why Bankers Should Integrate Advanced KYC Protocols with Human Intervention

Why Bankers Should Integrate Advanced KYC Protocols with Human Intervention

Banks and financial institutions are always trying to keep up with the regulatory environment as it rapidly advances together with technology development. Know Your Customer (KYC), and compliance with Anti-Money Laundering (AML) remains their main focus to improve the onboarding process for secure and swift transactions. Especially with an increasing competitive customer-driven market, advance KYC solutions should be integrated into their human-oriented customer service activities to stay on track.