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OK to average adjusted comps on appraisals?

Appraisal Today

To Mean, or Not to Mean, That is the Question By Brent Bowen Excerpts: There seems to be a consensus among appraisal reviewers that the appraiser should not average the adjusted sales prices of their comparables in order to arrive at an indicated value of the subject from the Sales Comparison Approach. But that begs a question… similar how?

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Appraisals – Check the Water Source!

Appraisal Today

It looks like the change is starting because of increasing mortgage interest rates. I have included some of the articles below. Include graphs and charts in your appraisal to show your clients what is happening now and why they need human appraisers. . Detached vs. townhomes and stacked condos. All cash and investors.

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REAL ESTATE SETTLEMENT WILL UNSETTLE BUYERS

Will Springer Realtor

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

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ROOTING HARD FOR LOWER MORTGAGE RATES

Will Springer Realtor

Instead, many eyes may have been captivated by something else dropping – interest rates. The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities.

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2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

As someone who’s potentially interested in ‘training’ appraisers on the new process, it seems to me that providing training in Q2 2025 would be more appropriate than 6 months before. What exactly does this mean? In this post, we’re providing an overview of the UAD and URAR, what’s changing, and what benefits these changes will bring.