Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

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Housing Wire

MARCH 1, 2023

Opteon , a Scottsdale-based appraisal, valuation, advisory, and property services provider, has expanded its direct-to-consumer business model nationwide, the company announced on Wednesday. “Our impending technology rollout will enable appraisers to deliver reports straight from the field,” Trice said. .”

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Appraisal Buzz

JULY 28, 2021

In today’s Buzzcast, we dive into the Legal and Accounting presentation of our Business Building Workshops being at Valuation Expo on September 8 th. Peter Christensen is one of the hosts within the Business Building Workshops and we’ll be getting the inside scoop on growing and understanding the legal structure of your business.

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Appraisal Hub

DECEMBER 20, 2023

This is where the expertise of a real estate appraiser becomes invaluable. As a subject expert in property valuation and appraisal services in Toronto, I want to guide you through the importance of professional real estate appraisal and how it can benefit you. Appraisers in Toronto, like those at Appraisal Hub Inc.,

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Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue.

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Appraisal Buzz

MAY 6, 2024

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. You may be wondering how this all trickles down to the appraisal report. Appraisers might not be thinking about climate change just yet in their analyses.

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Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). the trade groups state. ” Another trade group weighed in on the newly proposed rule.

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do?

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Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. Mortgage lending work is only one type of business where appraisals are needed.

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Chicagoland Appraisal Blog

AUGUST 1, 2023

Reading a home appraisal might feel overwhelming at first, but worry not! While each appraisal may have slight variations, the following structure offers a general roadmap to help you smoothly navigate through it. Before you know it you’ve carefully read and understood the appraisal.

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Housing Wire

MAY 25, 2021

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. For example, appraisal turn time has swelled 65% from 2018, according to recent data published by Freddie Mac. Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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Housing Wire

JANUARY 24, 2022

That was the startling and totally hypothetical analogy made, based on the current structure of the Appraisal Foundation , in a scathing report released this week. Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote.

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Housing Wire

MAY 21, 2024

Use online valuation tools Though they’re not perfect, online valuation tools can offer estimates based on public records and algorithms. Get a professional appraisal A professional appraisal becomes even more important when you’re buying a home in a non-disclosure state.

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Boston Appraisal

SEPTEMBER 18, 2023

But often, the role of the real estate appraiser is overlooked. As industry leaders in both residential and commercial real estate valuations, Boston Appraisal Services deeply understands the critical contribution that precise appraisals make in the estate planning matrix.

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Boston Appraisal

APRIL 18, 2024

However, appraising such complex properties presents unique challenges and opportunities for real estate professionals. This article explores the intricate landscape of mixed-use development appraisal, providing insights into the difficulties faced and the potential benefits realized through this multidimensional process.

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Appraiserblogs

MARCH 13, 2023

As real estate appraisers, we understand the importance of accuracy and fairness in our work. We are expected to perform valuation services competently and in a manner that is independent, impartial and objective. Related Posts: Appraiser Miller Wins Appraiser Miller wins important claim in racial discrimination lawsuit.

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Empire Appraisal Group

OCTOBER 12, 2023

Top reasons to get your home appraised d uring a divorce. Getting your home appraised during a dissolution of marriage (divorce) is a prudent step that can help both parties involved in the divorce process. An appraisal provides an objective and fair market value of the home, helping to ensure that property division is equitable.

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Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

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Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Valuation Review

JUNE 14, 2021

The issue of racial bias and discrimination in the appraisal profession continues to strike a nerve amongst those in the business. Valuation Review, which has addressed this topic before, now gives a different viewpoint as seen through the eyes of an attorney.

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Empire Appraisal Group

OCTOBER 5, 2023

What is a Date of Death Appraisal? A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. It is usually the date of the individual’s death.

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Boston Appraisal

AUGUST 30, 2023

Their role is multifaceted, touching upon asset valuation, regulatory compliance, risk management, and more. One essential yet often overlooked component of their job involves real estate appraisals. Here, we delve into some of the key intersections between CPAs and real estate appraisals, incorporating insights from our appraisers.

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Valuation Review

JUNE 5, 2023

Peter Christensen, owner of Christensen Law-Valuation Legal, shared more legal insight with Valuation Review about what appraisers should know. Christensen outlined specifics dealing with the statute of limitations for a lawsuit against an appraiser. Read on to find out what the legal expert had to say.

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Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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Housing Wire

JUNE 11, 2021

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. An appraisal is a valuation of a property by a third party.

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Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB said it is concerned automated valuation models may reflect bias in design and function.

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Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. Accurate Market Value Assessment: The primary benefit of a residential appraisal is the accurate assessment of your property’s market value.

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D Fritz Appraisals

NOVEMBER 16, 2023

What Can Impact the Cost of a Home Appraisal Whether you are buying, selling or looking to refinance your home, you will most likely need a home appraisal. While an appraisal fee is something you will need to add to your budget or closing costs, the good news is the cost of a home appraisal shouldn’t be a deal breaker.

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Valuation Review

MAY 1, 2023

Attorney shares legal views on appraisal bias. bias #appraiserguidance #avoidingallegations

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Appraisal Hub

OCTOBER 12, 2023

The answer lies in partnering with adept real estate appraisal companies in Toronto. A top-tier appraiser doesn’t just see buildings; they see stories, trends, and the subtle factors that weave into the property values. A Journey of Many Stories An appraiser’s portfolio is a tapestry of their journeys in the real estate landscape.

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Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes.

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Empire Appraisal Group

NOVEMBER 3, 2022

More than a quarter of real estate professionals say they avoid having any interaction with an appraiser, falsely believing they legally can’t. Source: Can You Talk to an Appraiser? The survey of more than 600 appraisers and 2,500 residential real estate pros was conducted in May. The post Can You Talk to an Appraiser?

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DataMaster

APRIL 6, 2021

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold.

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Appraisal Hub

SEPTEMBER 25, 2023

The answer lies in a comprehensive commercial real estate appraisal. Embarking on the Journey of Commercial Real Estate Appraisal Imagine stepping into a space that resonates with possibilities. The Crossroads: Why Opt for an Appraisal? Legal and Tax Matters: Sometimes, the journey encounters legal twists and turns.

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