Remove Contracts Remove Definition Remove Design Remove Inspection
article thumbnail

How To Appraise Rural Properties

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = USPAP does not require use of the specific term “personal inspection”. Answer: No.

article thumbnail

NAR Member Survey on Appraisal Data Collectors

Appraisal Today

To me, the big issue is who is doing the inspections. They should definitely not be paid the same. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What level appraiser are you?

Appraisal Today

And in 1992, this daring design was purchased and transformed into a single-family home, which recently hit the market for $25 million. However, based on the definition of misleading in the prior version of USPAP, many appraisers were concerned they could be disciplined for minor, unintentional reporting errors. percent from 7.53

article thumbnail

Appraising Short-Term Rentals/Airbnb

Appraisal Today

Excerpts: The architecture is designed as a direct response to the hot and dry climate of its desertous context — the city is located just outside the massive Thar Desert which covers nearly seventy percent of the Rajasthan state. Is A Cubicasa Scan an Inspection? By Jamie Owen. To read more, click here. To read more, click here.

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

article thumbnail

USPAP Myths for Appraisers

Appraisal Today

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. baths An architectural masterpiece designed by World renowned architect Harry Gesner and a wonderful fusion of modern architectural style with Gothic castle. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.26

article thumbnail

Remove all bathtubs from home?

Appraisal Today

By Peter Christensen Excerpts: Should “property data collectors” who inspect properties and provide information to real estate appraisers be licensed by state appraiser boards? For example, the proposed definition of property data collector might include sales data information providers. Should Property Data Collectors Be Licensed?