Bridge the gap between agents and appraisers with “Working with the Appraiser,” a dynamic course that enhances your ability to collaborate effectively in real estate transactions. Gain insights into the appraisal process, tackle common challenges, and ensure smooth interactions for your clients and lenders.
Key Learning Objectives:
Understand the Appraiser’s Role:
Learn the appraiser’s responsibilities, including their obligation to provide unbiased, lender-focused valuations.
Understand the difference between market value and sale price, and the appraiser’s limitations in supporting specific transaction outcomes.
Master Appraisal Communication:
Discover the dos and don’ts of providing information to appraisers, ensuring compliance without exerting undue influence.
Prepare comprehensive appraisal packets, including property details, permits, comparable sales, and more.
Navigate Comparable Sales and Property Conditions:
Gain insights into Fannie Mae requirements for comparable sales and how to select meaningful comps.
Learn how property conditions and improvements influence appraisals, from solar panels to zoning compliance and deferred maintenance.
Prepare for the Appraiser’s Site Visit:
Equip properties to meet appraisal standards, including documentation, repairs, and access to key areas like attics and garages.
Understand how ANSI standards impact measurements and gross living area (GLA) calculations.
Adapt to Changes in Appraisal Practices:
Explore hybrid appraisals and property data collectors (PDCs), understanding their impact on valuation accuracy and your role in providing accurate listing details.
Appraisal Reviews and Challenges:
Understand the review process for appraisals, including desk and field reviews, and how to address lender or Fannie Mae concerns.
Why This Course Matters:
This course provides actionable strategies to navigate appraisals with confidence, helping you: