Appraisal Today

JANUARY 27, 2023

Appraisal Changes By Dan Bradley Excerpts: On January 18, 2023, HUD issued an announcement regarding revisions made to Handbook 4000.1. The most significant of these revisions was the elimination of the requirement to include the 1004MC form as an attachment to the appraisal report. FHA Handbook 4000.1 so you can skip over most of it.

Appraisal 52

Appraisal Contracts Transportation Real Estate 52

Appraisal Today

SEPTEMBER 23, 2022

Excerpts: Commentary from a (Ryan) appraisal: Here is a bit of commentary in one of my recent appraisal reports. At the least we ought to describe the market as showing a downward seasonal shift, though it’s possible we can call this a downward cycle if the trend persists over time. “At To read more, click here.

Appraisal 52

Appraisal Marketing Business Contracts 52

Housing Wire

FEBRUARY 4, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. The event is exclusively for HW+ members , and you can go here to register. housing market this year, and we’ll find out which one wins. 2022 Forecast series.

Housing Market 370

Housing Market Inventory Home Value Marketing 370

Appraisal Today

NOVEMBER 10, 2022

12 Unacceptable Appraisal Practices from Freddie Mac. Here are 5: Reliance in any appraisal analysis on inappropriate comparable sales, or the failure to use comparable sales that are more similar to or nearer to the subject property without adequate explanation. To read more, click here. Review appraiser liability.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Housing Wire

JANUARY 26, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. The event is exclusively for HW+ members , and you can go here to register. It’s simply a matter of adjusting your investment strategy to optimize current market conditions.

Real Estate 432

Real Estate Investors Inventory Business 432

Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? baths, 16,225 sq.ft.,

Contracts 83

Contracts Appraisal Mortgage Inspection 83

Appraisal Today

MARCH 1, 2024

What Are the Top Luxury Markets in North America Right Now? Excerpts: Where are the hottest high-end real estate markets? Whether you’re looking to specialize in luxury home appraisals or you’re simply reading up on the latest market trends, you may want to pay attention to areas where luxury homes are in high demand.

Appraisal 74

Appraisal Contracts Business Marketing 74

Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. Excerpts: Social media and the mainstream media make a mess of these markets even in the best of times. They do not have the bandwidth to cover local markets. Neither are not great metrics for what our local markets are doing. So, what metrics are worth watching?

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. It definitely can be very useful, as Dustin explains. It can be tricky at first to use, but Dustin explains it. garage as well.

Appraisal 73

Appraisal Contracts Real Estate Agent Mortgage 73

Appraisal Today

DECEMBER 23, 2022

By: McKissock December 16, 2022. Excerpts: The property to be appraised is atypical. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. In this case, circumstances involving ownership are uncommon or make the appraisal more complex. Very funny!!

Appraisal 52

Appraisal Contracts Mortgage Modernization 52

Appraisal Today

OCTOBER 14, 2022

Appraisal Risk, Reviews, and Revisions. Excerpts: This is part three of a three part series on appraisal review – Read parts one and two. I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” To read more, click here. By Ken Dicks. View from the AMC/Lender side.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? The goal here is for us to evaluate which level we are at and determine which level we want to achieve.

Appraisal 79

Appraisal Law Contracts Business 79

Appraisal Today

DECEMBER 9, 2022

How to Reduce Appraisal Revision Requests. By Clear Capital November 14, 2022. Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. Explain ‘How’, not ‘Why’ in the appraisal report. Address the request thoroughly and professionally.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

SEPTEMBER 9, 2022

Appraisers are still required to comply with USPAP when responding to an ROV request, including the confidential nature of assignment results. To read more, click here. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” My comments : ROVs are a PITA for many appraisers.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

JULY 22, 2022

Fannie’s New ANSI FAQS July 2022. When common practice in the local market differs from the ANSI standard, can the appraiser modify the subject’s GLA to conform to local custom? Will appraiser adherence to the ANSI standard cause confusion when the subject GLA differs from other sources such as MLS or public record?

Appraisal 52

Appraisal Contracts Buyers Design 52