Marketwises's Q4 2023 Economic Recap OVerview The global economic landscape in Q4 2023 was shaped by the interplay of predictable macroeconomic cycles and modern monetary theories. Despite expectations of a demand slowdown, the broader economy remained resilient, with Federal Reserve Chairman Jerome Powell indicating a potential peak in policy tightening. This was reflected in the Fed’s decision to maintain interest rates, projecting a federal funds rate of 4.6% by the end of 2024, contrary to investors’ expectations of more significant cuts. Domestically, the U.S. economy showed mixed si ..read more

How long does an appraisal take? Appraisals are a critical aspect of the real estate industry, which often leads to the question, “How long does an appraisal take?” If you’re looking to buy or sell a property, it’s essential to understand the appraisal process and how long it takes. In this article, we’ll dive into the appraisal process and discuss the various factors that determine its duration. What is an appraisal? An appraisal is an estimate of a property’s value, made by a professional appraiser. The appraiser considers various factors, including the property’s location, size, con ..read more

The Importance of Accurately Measuring Square Footage in Real Estate Appraisals As a real estate appraiser, accurately measuring square footage is a crucial aspect of determining the value of a property. In order to provide a fair and accurate assessment, it is essential to have a thorough understanding of the methods and techniques used to measure square footage. Understanding Square Footage Square footage is a unit of measurement used to express the size of a property, and is calculated by multiplying the length and width of a room or building. This measurement is used to determine th ..read more

How to Get a Mortgage with Bad Credit Purchasing a home is a dream for many, but it can be a daunting task especially for those with bad credit. It’s like trying to climb a mountain with a broken leg, it’s going to be a lot harder, but it’s not impossible. Just like how a determined climber would train, prepare and seek help from a guide to reach the summit, similarly with the right strategy, preparation and guidance, getting a mortgage with bad credit can be achieved. In this article, we will be discussing “How to Get a Mortgage with Bad Credit” and provide valuable tips and information tha ..read more

What Hurts a Home Appraisal: A Comprehensive Guide A home appraisal is an essential part of the home buying or selling process. It helps to determine the market value of a property, which in turn helps buyers, sellers, and lenders to make informed decisions. However, not all home appraisals go smoothly, and there are several factors that can negatively impact the appraisal value. In this article, we will discuss what hurts a home appraisal and how to avoid these pitfalls. Here’s a preview of what’s to come: Understanding the Home Appraisal Process What Hurts A Home Appraisal? Poor Condi ..read more

Commercial Real Estate Appraisal Guide Welcome to the Marketwise Valuation blog, where we’ll be delving into the ins and outs of the commercial real estate appraisal. As a seasoned appraisal management company with years of experience in the industry, we understand the importance of providing accurate and unbiased evaluations for properties of all types and sizes. Introduction  Types Of Commercial Properties The Appraisal Process Common Appraisal Challenges Working With Qualified Appraisers Choosing A Qualified Appraisal Management Company Conclusion Introduction In this ..read more

What is an Appraisal Management Company? An appraisal management company (AMC) is a third-party service provider that manages the appraisal process for lenders, banks, and other mortgage companies. These companies are responsible for selecting, contracting, and managing appraisers, as well as ensuring compliance with appraisal laws and regulations. The use of AMCs has become increasingly common in recent years, as they provide a convenient and cost-effective way for lenders to handle the appraisal process. This is especially important in today’s fast-paced lending environment, where time is ..read more

How to Become a Mortgage Loan Officer: A Comprehensive Guide Becoming a mortgage loan officer is a great career choice for those who are passionate about helping people achieve their dreams of homeownership. As a loan officer, you will be responsible for assessing the creditworthiness of potential borrowers, recommending loan products that best suit their needs, and guiding them through the loan application process. In this article, we will explore the steps you need to take to become a mortgage loan officer and the skills and qualities that are essential for success in this field. Here’s ..read more

      What's The Difference Between An Appraisal And A BPO? There are many various alternative valuation options available if you’re seeking for an alternative to an appraisal, which begs the question, “Whats the difference between an appraisal and a BPO?“ Many are speedier than the typical evaluation because they need to be more thorough. Some could not even be regarded as appraisals, such as desktop appraisals or real estate AVMs. BPOs, or broker’s price opinions, are another example that fits this description. Definition A broker’s price opinion (BPO) is a valuation of a ..read more