Sentences with phrase «appraiser opinion»

It's very promising to see the homeowner estimate and the appraiser opinion so close together.»

Home owner estimates now stand 2.65 percent higher than appraiser opinions, the largest gap in more than a year, according to the index.

Appraiser opinions regarding home value kept falling short of homeowner expectations in March, coming in 1.77 percent lower, according to the latest Quicken Loans» National Home Price Perception Index (HPPI).

Appraiser opinions regarding home value continued to underwhelm homeowners» expectations in February, coming in 1.69 percent lower, according to the latest Quicken Loans» National Home Price Perception Index (HPPI).

While this national average continues to show lower values than homeowner estimates, there are still metro areas showing appraiser opinions that are higher than what homeowners expected.

While not a drastic change from December, this marks the first decrease in the HPPI in eight months; however, January's National HPPI value is much improved compared to the same time last year, when appraiser opinions were 1.47 percent lower than owner expectations.

Appraiser opinions regarding home value trailed homeowners» own estimates by 1 percent last month, according to the latest Quicken Loans» National Home Price Perception Index (HPPI).

The HPPI has been on a trend of narrowing the gap between homeowner estimates and appraiser opinions of home values since April.

The gap between the two values narrowed since March when appraiser opinions of value were 2.17 percent lower than homeowner expectations.

In August, the HPPI showed homeowner estimates were 2.65 percent higher than appraiser opinions.

Homeowner opinions were 2.33 percent higher than appraiser opinions in July.

«I don't think it's a coincidence the West is showing the greatest home value increases with almost all of the western cities measured in the HPPI exhibiting appraiser opinions higher than homeowner estimates,» Walters continued.

This news is according to Quicken Loans» recent report that appraiser opinions of home values were 2.65 percent lower than homeowner estimates in August, according to the company's national Home Price Perception Index (HPPI).

The gap between the two values narrowed in September compared to the previous month, although the findings marked the eighth consecutive month homeowner estimates outpaced appraiser opinions.

Not exact matches

Your lender will look at the income (or potential income) of the rental units, using either existing rental agreements or an appraiser's opinion of what the units should fetch.

Sometimes, during an inspection the appraiser may require another professional's opinion.

«Appraiser refers to an FHA Roster Appraiser who observes, analyzes, and reports the physical and economic characteristics of a Property and provides an opinion of value to FHA.

Include all online calculations and opinion letters from the used car appraiser or dealer you consulted to establish the repaired vehicle's value.

«Appraiser refers to an FHA Roster Appraiser who observes, analyzes, and reports the physical and economic characteristics of a Property and provides an opinion of value to FHA.

An appraisal is an opinion of value from a licensed real estate appraiser who visits the home and inspects its size, condition, function, and quality.

Real estate professionals can refer you to home inspectors and provide opinions of value; mortgage lenders use in - house or independent appraisers for determining home value for mortgage and refinance loans.

To get this information, the lender typically hires an appraiser, who gives a professional opinion about the value of your home.

In terms of calculating the projected rental income, Veterans United currently uses the lesser of 75 percent of verified prior rent collected on the units or the appraiser's opinion of the property's fair market rent.

If one appraiser didn't like the value, you could always get a second opinion somewhere else or have them take another look.

Your lender will look at the income (or potential income) of the rental units, using either existing rental agreements or an appraiser's opinion of what the units should fetch.

Both buyer's and seller's need to understand that once a short sale offer is submitted to the lender they will be sending out either an appraiser or Real Estate agent to do a broker price opinion (BPO).

Appraisal An opinion by a licensed real estate appraiser regarding the fair market value of a property.

This month's report revealed that the difference in appraiser home value opinions as compared to homeowner estimates is continuing to increase.

Appraisal — A third party's opinion of a property's fair market value, based on an appraiser's knowledge, experience, and analysis of the property on a specific date.

Appraised Value — An opinion of the property's fair market value, based on an appraiser's inspection and analysis of the property.

Attorney John Spesia and the Spesia & Taylor's litigation team effectively moved to bar the landowners and their appraiser's opinions arguing the witnesses relied on improper factors.

A real estate appraiser is an individual who gives his opinion about a certain property value or estimating the real value of a property which includes land, buildings and natural sources.

The appraisers conducted appraisals of the various properties and met with our clients and us to discuss their conclusions about values and their opinions about current trends in the real estate market.

Ergo, this is the reason that banks use only CRA designated fee appraisers» consultative - driven opinions - of - value to establish market value bench - marks when lending for mortgage purposes instead of relying upon real estate salespersons» opinions, which, depending upon the Realtor, could be just as accurate as an appraiser's opinion.

I worked for the head appraiser / owner of the appraisal business, and he had to sign off on all of my finished reports / opinions of value before they were allowed to be forwarded to our clients (mostly lending institutions).

Reality: An AIC - designated appraiser has a professional and ethical responsibility to provide an independent and unbiased opinion of the value of a property.

There must be a reason for the appraiser to reconsider an opinion of value other than «This is what we need to get the deal through.»

If you have data not available to the appraiser through standard sources, such as the MLS or county tax rolls, you may be able to grab the appraiser's attention and possibly affect a revision in the appraiser's opinions or conclusions.

In Ontario, at least, lenders can no longer pick their personal choices re appraisers when they want opinions of value in order to sell their money for mortgage purposes.

I do nt want to sign my friends up for coffee dates, but seriously just give an appraiser a call, offer to buy them lunch or a beer for their honest opinion on getting into the industry.

USPAP mandates appraisers acknowledge their obligation to remain impartial and unbiased by including in each appraisal report a signed certification that states, in part, «I certify that, to best of my knowledge and belief, the reported analyses, opinions, and conclusions are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.»

In reality, it will be the bank's lending officer of note who will accept an appraiser's «opinion of value».

Would you be surprised if I told you that it was common practice for some appraisers to call and ask Real Estate buddies for their opinions regarding certain parcels of real estate?

Would you be surprised if I told you that some appraisers regularly called other appraiser buddies from competeing offices for their opinions regarding certain parcels of real estate?

The National HPPI shows homeowners» estimated values were an average of 1.69 percent higher than appraisers» home value opinions in February.

Zoopraisal's process is a non-process as far as I can determine when juxtaposing it against that of an actual appraiser of merit's process, which can in and of itself nevertheless render an inaccurate opinion of value.

Instead of allowing a jury decision, at the close of the evidence, the trial court granted a directed verdict in favor of the appraiser defendants, finding that the appraised value was an opinion that could not be an actionable misrepresentation.

«It's encouraging to see opinions from homeowners and appraisers more aligned on a national level,» says Bill Banfield, executive vice president of Capital Markets at Quicken Loans.

A summary of the HPPI: There was an average 1.14 percent difference between the appraisal and the homeowner's estimate of value in September, with the appraiser's opinion falling below that of the homeowner.

Like I said living here in the country I have seen a ton of these «professionals» (being, lawyers, surveyors, home inspectors, appraisers, etc.) fight with each other & not held accountable for mistakes they made because it was just thier «OPINION».