Appraisal Education Blogs

What Do Home Appraisers Look For In A House?

What Do Home Appraisers Look For In A House? A home appraiser is a professional tasked with estimating the market value of a house for a variety of purposes including real estate transactions, mortgage financing, estate, tax purposes, marketing listing purposes, and litigation. This task is especially important to mortgage lenders for the management of

Refinance Appraisal Vs. Purchase Appraisal

Refinance Appraisal Vs. Purchase Appraisal A professional estimate of your home’s value can show the lender that you won’t be borrowing more money than the property is worth. Many homeowners are not aware that they will likely need a new appraisal before they can refinance their mortgage. Let’s go over some differences between a refinance

Full Appraisal Vs. Drive By Appraisal

What is the difference between a Full Appraisal and a Drive-By Appraisal? April 24, 2020 We are often asked the difference between a drive-by appraisal and a full appraisal (with no interior inspection, using photos and data from the homeowner and/or realtor). Especially during this time when interior inspections cannot be conducted due to COVID-19,

Can I have a Letter of Transmittal….please?

Hello, Can I please have a Letter of Transmittal? In the fast-paced mortgage financing industry often an appraisal is rushed and once the value, condition, marketability and remaining economic life are confirmed, the appraisal may be shopped with different lenders. In some cases, the report will be sent to lender A and soon after, a