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Challenges and Opportunities in Appraising Mixed-Use Developments

Boston Appraisal

Mixed-use developments, which integrate residential, commercial, and sometimes industrial components within a single project, represent a modern approach to urban planning. However, appraising such complex properties presents unique challenges and opportunities for real estate professionals.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. We produce appraisal “reports” not appraisal “forms.” This scope of work is determined by the type of property and the characteristics of the property.

Appraisal 397
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The Value of Words in Valuation

Appraisal Buzz

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.

Valuation 360
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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

Committed to 20 percent affordable housing options, the River & Rich project is a story of renewal and community rebirth via unique properties for sale. And, it is a major development that the Columbus region should celebrate. A Special Purpose Property Definition. What Is It Anyway? Such an approach isn’t controversy-free.

Appraisal 158
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AVMs undergo compliance and regulation updates

Clear Capital

In addition to the Fannie Mae and Freddie Mac focus on appraisal bias, federal banking regulators and the Consumer Financial Protection Bureau (CFPB), all of whom are on the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), continued their work to examine requirements around AVM development and use.

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The fate of HUD

Housing Wire

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Making it even less convenient, sources say that it is likely that Vice President Kamala Harris would likely need to be present to break the tie.

Insurance 328
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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

And although it shouldn’t, it may unintentionally influence the appraiser’s comparable selection and eventually impact a direction in value. Maybe looking at the sales contract only after developing the appraiser’s opinion of value would help avoid the above concern? Written by Steven W. Vehmeier.