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Hottest Housing Market Ever, Appraisal Gap Complicates Deals, Explosion of Appraisal Waivers, and Other News

McKissock

With home-sale prices hitting a record high, the appraisal gap has created friction among agents, lenders, and appraisers. Appraisal waivers have exploded during the COVID-19 pandemic. The President of The Appraisal Foundation discusses the foundation’s outlook for 2021. ” Read the full article here.

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SFR with ADU or Two Units?

Appraisal Today

Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. How do you know whether you’re dealing with an accessory dwelling unit (ADU) or a second unit?