In addition to our standard 3.0% transaction fee, customers who take a co-investment from Unison are responsible for the cost of their home appraisal. Note: after an AMC provides appraised value for your home, Unison applies a 2.5% Risk Adjustment to account for appraisal uncertainty, and to deliver your co-investment more quickly. In those cases a Unison co-investment may not be available for you.
Please also note that the appraisal may return a value that Unison is unable to invest in. If you would like additional information about AMCs and their position in the real estate industry, please see this page on the FDIC website.
They provide a “firewall” between financial institutions and appraisers, as required by federal guidelines. To obtain an unbiased valuation, we use Appraisal Management Companies (AMCs).ĪMCs are far-and-away the preferred means for obtaining appraisals in real estate transactions. When you buy a home, you will usually hire an appraiser to visit the home, review its condition and characteristics, find comparable properties that have recently sold in the area, and provide both you and the seller of the home with a fair estimate of its value.Īt Unison, we require home appraisals to provide an accurate valuation for your HomeOwner agreement. A home appraisal is a report from a qualified professional that estimates the value of a home.
