Not exact matches
Like real
estate agents, home
appraisers use
recently sold comparable homes (or «comps») to determine the current value of a particular property.
The Department of Energy
recently released a report that highlights how residential energy efficiency programs can help make a home's energy efficiency enhancements more visible to buyers, real
estate agents, lenders and
appraisers.
It allows any party of a real
estate transaction to supply market data and information on
recently sold properties to a VA
appraiser through a designated third - party contact.
Automated online home value estimators generally use a computer algorithm that has been formulated to try to do what a human
appraiser or real
estate agent would do: compare the property (your home) against other nearby homes that have
recently sold (the comparable properties, or «comps»).
Like real
estate agents, home
appraisers use
recently sold comparable homes (or «comps») to determine the current value of a particular property.
The Federal Reserve has
recently reiterated that «financial institutions must have an effective, independent real
estate appraisal and evaluation program,» and that
appraisers performing reviews should «have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines.»