Some of the most significant and difficult to understand changes in real estate related to appraisals, and what the lender uses as an alternative to evaluating the collateral offered to securitize the mortgage loan.
There is quite a range of products available, and the differences are not always explained to the buyer or borrower.
The NAR Real Property Valuation Committee developed a handout explaining a range of different valuation products.
Click below:
From-NAR-KNOW-WHAT-TYPE-of-valuation-is-taking-place-on-your-listing
.pdf
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Learn more: www.nar.realtor/appraisal-valuation