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At its organizational meeting held on January 30, 1989, the Appraisal Standard Board unanimously approved and adopted the original USPAP as the initial appraisal standards promulgated by ASB. USPAP may be amended, Interpreted, or retired by ASB after exposure to the users of appraisal services and the public in accordance with established rules ...
A Uniform Residential Appraisal Report or URAR is one of the most common forms used in United States real estate appraisals.It was created to allow for standard reporting and analysis of single-family dwellings or single-family dwellings with an "accessory unit".
Implicit bias and racial composition of neighborhoods have long been thought to impact on home appraisal values. [44] Recent studies from Freddie Mac and other industry leaders have confirmed that traditional modelling based on comparable sales and a variety of other factors (income, credit score, etc.) cannot explain the appraisal value gap ...
The survey found that this cost can range from less than $300 to $800 or more, though, depending on a number of factors — including the size of the home, the value and condition of the property ...
Traditional appraisal process. No-appraisal process. Inspection. Licensed appraiser inspects property in person. Uses automated valuation models (AVMs) to assess value
A home with a low appraisal represents a higher risk for the lender because you could end up underwater on the new mortgage. If you get a low appraisal, there are a few things you can do: