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What You Need to Know About Appraisals
Manage episode 388018575 series 3335598
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Special Guest: Craig Black
What is an appraisal?
Major differences in FHA/VA/Conventional appraisals
Subject to repairs, things sellers can to to prevent needing repairs
Comps: how far back and what qualifies as a comparable sale?
How many comps are required? Is this different for refi or purchase?
What is your prediction for the future of appraisals? Will automation play a role? Will human appraisers still be used?
Addison Nett
Mortgage Loan Originator
NMLS 1542184
New American Funding
Website/Contact
https://www.newamericanfunding.com/mortgage-loans/addisonnett
Casey Carpenter
Mortgage Loan Originator
NMLS 1548123
New American Funding
Website/Contact
https://www.newamericanfunding.com/mortgage-loans/caseycarpenter
New American Funding NMLS #6606
© 2023 New American Funding, LLC. All Rights Reserved
NMLS Website:
https://www.nmlsconsumeraccess.org/
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