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Appraisals

Faulty Appraisal? Here’s what you can do if you find errors or have concerns.

By | Appraisals, Real Estate | No Comments

You just had an appraisal done, but it seems to be flawed – what’s next? Well, for starters, you should contact your lender describing the error found and any factual support you have – a lender can’t do anything for you based on your own personal objection, so be sure to stick to the facts. Ask what the procedure is to address these concerns and how you can fix them….

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Invest Wisely: How to Increase Your Home Appraisal Value

By | Appraisals, Real Estate | No Comments

When it comes to increasing the value of your home, it’s critical to spend your hard-earned money in the right places. Not all home improvement upgrades and renovations will increase your home appraisal value. Well-meaning real estate agents, contractors, and HGTV hosts will tell you that remodeling your kitchen or bathroom can add thousands to the value of your home, but the real results will often surprise you. Whether you’re…

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Understanding the Purchase Market from an AMC Standpoint

By | Appraisals, Choosing an Appraisal Management Company | No Comments

The economy has been heating up for months. The job market is hot, and the unemployment rate is dropping fast in many places across the country. While home purchase applications are ahead of their 2017 pace as of March 2018, the housing supply constraints are continuing to hold back many buyers who are looking for an affordable entry-level or mid-tier home. The Mortgage Bankers Association (MBA) forecasts a five percent…

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The Hybrid Appraisal Method: The New “It” Appraisal Method

By | Appraisals, Valuation | No Comments

The housing market across the United States is off to a strong start in 2018. As the snow starts to melt in the northern parts of the country, listing prices have begun their seasonal climb and have already reclaimed historic highs according to the February 2018 report from Realtor.com. Just three months into 2018, the housing market is already experiencing an inventory shortage for entry-level and mid-tier homes which means…

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NAN is Ready For New FHA Guidelines!

By | Appraisals | No Comments

Doing it by the book. You hear that phrase all the time, but have you ever asked yourself ‘What book? And how do I get my hands on it?’ Well in the world of FHA appraisals, your questions have been answered in the form of the recently released Single Family Housing Policy Handbook. It’s all new and (according to FHA) improved, drastically redesigned to make things clearer and easier for…

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Appraisal Slowdown? What slowdown?

By | Appraisals | No Comments

If conventional wisdom is to be believed, the real estate appraisal market may be starting to stagnate due to fewer buyers, tougher regulations, retiring appraisers, more consolidation, etc. Luckily for the team at Nationwide Appraisal Network (NAN), they are rather UNconventional in their wisdom, and as far as they are concerned, the demise of the appraisal business is quite premature. We all subscribe to some of the old tried and…

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FHA + EAD = NAN

By | Appraisals | No Comments

Somewhere in our educational career—between memorizing times tables and struggling through advanced trigonometry—we learned one simple truth:  that the shortest distance between two points is a straight line. When it comes to FHA lending, the new Electronic Appraisal Delivery (EAD) is kind of like the equivalent of that famous straight line. After all, if you are an FHA approved mortgagee or designated third party service, it does allow you access…

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12 POINT APPRAISAL CHECKLIST – How prepared are you?

By | Appraisals, Appraisers, Borrowers, Lenders, Loans, Mortgages, NAN University, Real Estate, Valuation, Webinar | No Comments

Before your next home appraisal, be sure to review and discuss our 12 Point Appraisal Checklist with your lender. Our team at Nationwide Appraisal Network has all the tools you need to prepare for your appraisal day. To learn more about appraisals, please visit our NAN University loaded with FREE webinars and whitepapers!   ABOUT NATIONWIDE APPRAISAL NETWORK- NAN is an industry leader in appraisal property valuations, providing a unique…

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Making a habit of accomplishing the impossible. Part II

By | Appraisals, Choosing an Appraisal Management Company, Customer Service, Lenders, Nanners, Press Release, Real Estate, Valuation | No Comments

Making a habit of accomplishing the impossible. This month, Nationwide Appraisal Network (NAN) spotlights Joni Pilgrim, Co-Founder and Director of Sales & Business Development. We recently sat down with Joni Pilgrim, who shared details about her life, about the success of NAN, the importance of its people and the core value of upholding the promise of quality and service to its clients. This is part 2 of a 3 part…

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{HOT TOPIC} Common questions about your home appraisal

By | Appraisals, Borrowers, Fannie Mae, Lenders, Valuation | No Comments

Did you know your home’s gross living area does not include your garage or any space below grade, like a basement? As a national appraisal management company, one of the most common questions we get from borrowers and even lenders revolves around how living area is calculated. We get asked about heated vs. non-heated spaces, finished and unfinished basements and even porch and patio areas. So does the appraiser actually…

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