McKissock

OCTOBER 31, 2021

Appraisers call it the “band of investment theory” and bankers call it the “debt capacity method.” This is critical because it’s from the NOI that the buyer’s and the lender’s returns must be met. The float and desire method. Lundstedt calls it “float and desire.” Step 4: Incorporate the net operating income.

Real Estate 91

Real Estate Investing Valuation Buyers 91

Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

Appraisal 85

Appraisal Real Estate Valuation Contracts 85

Housing Wire

MARCH 13, 2024

Despite the claims, a critically important truth is missing. The theory is further dependent on every seller returning to each site following the sale to accurately enter the final sales price AND all seller concessions. Both of which, as any appraiser will attest, are fundamental key components of an accurate valuation.

Real Estate Agent 441

Real Estate Agent Real Estate Agents Sellers 441

Raleigh Realty

MARCH 23, 2021

No seller’s commission (but don’t forget about the buyer’s commission) - So in theory, you are saving around 3 (but are you losing as well?) This step is critical because homes that are priced too high may sit on the market for months on end with no buyers and homes that are priced too low may lead you to lose money in the long run.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Appraisal Today

FEBRUARY 2, 2024

The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. 2024 Updated UAD and URAR – What does It Mean for You?

Appraisal 65

Appraisal Contracts Training Real Estate 65

Housing Wire

APRIL 21, 2022

A professor at the Center for Real Estate Theory and Practice, Stapp provided an itemized form of the costs to build a new home. Someone will have to appraise this,” he said. Appraisers don’t do well with weird things.”. In his example of an Arizona home that eventually sold for $875,000, an empty lot cost $219,000 to acquire.

Construction 397

Construction Supply Chain Investors Business 397

Housing Wire

MARCH 8, 2024

Its new priority has provoked strong criticism from the mortgage industry. According to the CFPB, one measure of closing costs is total loan costs, which includes title insurance, credit report, appraisal, and origination. These costs increased by 21.8% from 2021 to 2022, reaching nearly $6,000, per the CFPB post.

Mortgage 458

Mortgage Legal Insurance Finance 458