Chicagoland Appraisal Blog

JULY 13, 2017

You see all these potential ways to deal with this problem happen after the home appraisal is completed. I wrote a blog post titled 4 things you should tell the home appraiser when selling that was meant to be a conversation starter however that has evolved since I wrote it. How often do realtors attend home appraisals?

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Appraisal Marketing Realtors Real Estate 78

McKissock

DECEMBER 14, 2021

Property appraisers don’t dictate what the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection. On the way he needed to drop off an appraisal report to a lender client. Want to contribute to our blog?

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Market Value Marketing Property Appraisal Appraisal 80

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” USPAP and the Contract. My Comments on Market Changes.

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Appraisal Contracts Real Estate Mortgage 52

Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

Real Estate Agent 76

Real Estate Agent Real Estate Agents Appraisal 76

McKissock

DECEMBER 4, 2020

I feel I can help appraisers write better, more supported reports by sharing my experiences and expertise.” ” “Appraisers who don’t do their ‘homework’ do a disservice to their clients. Experience as a contract review appraiser quickly revealed when appraisal research was lacking. Other (19%).

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Appraisal Property Appraisal Valuation Luxury Properties 66

Appraisal Today

JANUARY 20, 2023

Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more of this long blog post with many topics, click Read More Below!! Read Ryan Lundquist’s blog post below on how appraisers handle concessions.

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Appraisal Contracts Sellers Business 52

Birmingham Appraisal

DECEMBER 19, 2023

When it does go under contract and the lender orders the appraisal it will probably appraise for below contract price. In looking at this from another perspective, appraisers also need to communicate with agents about a listing of theirs that we may be using in another appraisal.

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Real Estate Agent Real Estate Agents Appraisal 70

McKissock

SEPTEMBER 15, 2020

Failure to disclose appraisal assistance. Failure to disclose significant real property appraisal assistance is another common violation. States often see this when a trainee or assistant applies to become a licensed or certified appraiser, and they submit their appraisal log to be reviewed by the state agency.

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Appraisal Property Appraisal Real Property Law 52

Mashvisor

SEPTEMBER 30, 2021

These conditions in the contract specify when a buyer can back out without penalty. Thus property sellers… Contingencies are commonplace in real estate transactions, but they could derail a sale.

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Sellers Contracts Real Estate Buyers 72

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.74

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Appraisal Real Estate Valuation Contracts 89

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

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Realtors Appraisal Market Value Real Estate Agent 78

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. adjective.

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Valuation Contracts Appraisal Legal 360

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more of this long blog post with many topics, click Read More Below!! Email Archives: [link].

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Appraisal Agents Real Estate Real Estate Agent 83

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

AUGUST 18, 2023

Appraisal Business Tips Humor for Appraisers Fannie: Words and Phrases in Appraisals Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.93

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Appraisal Contracts Inspection Real Estate 77

Appraisal Today

SEPTEMBER 22, 2023

Uber Drivers Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Most of the inspection training we receive as appraisers happens in the field. The average contract interest rate for 5/1 ARMs decreased to 6.42

Appraisal 89

Appraisal Training Inspection Real Estate 89

McKissock

AUGUST 11, 2020

Changing the appraised value simply for the purpose of meeting the contract sales price is not a good reason. To learn more about what happens if you do end up getting a complaint filed against you, read my article: How Are Appraisal Complaints Enforced? Editor’s note: This blog post was originally posted on December 18, 2018.

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Appraisal Clients Real Estate Law 64

Magnusson Group

MAY 11, 2021

appeared first on Magnusson Group | Estate Sale | Personal Property Appraisal | NJ. To view it please enter your password below: Password: The post Protected: Cryptomania and NFTs and Beeple, Oh My!

Property Appraisal 36

Property Appraisal Appraisal Contracts 36

Appraisal Today

APRIL 14, 2023

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more of this long blog post with many topics, click Read More Below!! The average contract interest rate for 15-year fixed-rate mortgages decreased to 5.78

Appraisal 52

Appraisal Bracketing Valuation Contracts 52

McKissock

JULY 24, 2020

Editor’s note: This blog post was originally posted on November 6, 2018. Bradley, SRA, CDEI is the Director of Online Appraisal Curriculum for McKissock Learning. He has been a practicing real property appraiser since 1987, and has been instructing and authoring appraisal courses since 1992. Written by Dan Bradley.

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Appraisal Law Government Real Estate Agent 53

The Robert Weiler Company

OCTOBER 15, 2021

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. Tip #5: Hire a professional Ohio real estate appraiser to assess the Columbus, Ohio commercial property for sale before signing.

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Investing Real Estate Tenants Investors 138

The Robert Weiler Company

NOVEMBER 9, 2022

billion of new commercial real estate construction contracts in 2021. Our real estate brokers will begin by evaluating your wants and needs in a property, and guide you through the point of closing and beyond. We would love to assist you in finding the perfect property. Job growth in Columbus has increased by 2.2%. Express, Inc.,

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Transportation Real Estate Supply Chain Investing 78

Magnusson Group

MARCH 22, 2021

While contracted clients panicked and life negatively changed for everyone, my immediate family had no stoppage time. Therefore I agreed to be responsible for developing a topical agenda for personal property appraisers. Surely, client’s Estates and Downsizing Projects could wait a couple weeks.

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Clients Property Appraisal Appraisal Business 36

The People's Appraisal Blog

MAY 3, 2018

In this example of client pressure, a subject property appraised for $180k; the contract was for $225k. In another example, a subject appraised for $370k, the contract was for $385k, the list price was $400k (this is important). Five comparables were provided on the subject street including one across the street.

Appraisal 36

Appraisal Contracts Clients Renovations 36

The Robert Weiler Company

SEPTEMBER 16, 2021

And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Residential vs. Commercial Property Appraisal and Their Differing Review Process. o Federal Housing Authority (FHA).

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Real Estate Appraisal Property Appraisal Valuation 147

Appraisal Today

NOVEMBER 20, 2022

Many thanks to Ryan Lundquist’s 2020 blog post for the very appropriate image above! I also think that now is the time to increase your appraisal skills by taking classes and seminars. Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! No ads in the blog post.

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Appraisal Real Estate Agent Real Estate Contracts 52

Birmingham Appraisal

FEBRUARY 13, 2024

A pending sale where the borrower is approved with financing and the property appraises for the contract amount and is just waiting to close is much better than one that just went under contract yesterday. The post Housing Statistics for Beginners, Part 3 appeared first on Birmingham Appraisal Blog.

Real Estate 60

Real Estate Buyers Inventory Appraisal 60

Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. percent from 7.58

Appraisal 72

Appraisal Modernization Training Business 72

The Robert Weiler Company

NOVEMBER 9, 2021

Whether a contract is needed for commercial land for sale, a commercial building for sale, retail space for sale, rental properties for sale, or any other type of commercial property for sale, Adobe Sign can help execute professional CRE contracts. Note: cost may vary depending on color.). Personalized Pen from Cross.

Real Estate 147

Real Estate Investors Investing Home Improvement 147

Appraisal Today

APRIL 28, 2023

First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. So our first task is to find a property with solar panels that’s similar to the subject. To read more, click here My comments: All appraisers are asked to do the “tough ones. percent from 0.5

Appraisal 52

Appraisal Real Estate Business Contracts 52

The Robert Weiler Company

APRIL 20, 2021

Also, as with a commercial property appraisal, hiring an experienced professional to assist in your endeavor will ensure that you make an intelligent decision for your business. This is because the owner is subject to the franchise contract, which tends to influence how the business is sold.

Valuation 147

Valuation Business Buyers Market Value 147

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. A property data collector may well have unconscious biases unleashed by a photo of a Black family on the wall.

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Appraisal Valuation Inspection Law 305