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Is Appraisal Scientific?

George Dell

Appraisal is not an exact science” are words I used to hear a lot. In the USA, appraisal is an opinion of value by an appraiser. The post Is Appraisal Scientific? The post Is Appraisal Scientific? This understandable view leaves much to be explained. However, they are […].

Appraisal 195
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Do We Need a Neighborhood Section?

Appraisal Buzz

Traditional appraisal says we should describe and analyze the subject neighborhood. So obviously, if you are appraising a house, or a corner office, you need to delete to pick comps. In the traditional “valuation process” the appraiser first picks comps based on their experience, training, and “knowledge of the market.”

Valuation 150
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How agents are winning bidding wars in America’s most competitive markets

Housing Wire

For our seller-clients, we were counseling them on how the buyers waive appraisals or waive mortgage contingencies,” Cordano said. “With the influx of New York City buyers bidding these houses up, oftentimes waiving the financing/mortgage/appraisal contingencies was not a difficult thing to ask for and most of them did that.”.

Agents 485
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Fact Witness vs. Expert Witness: What’s the Difference?

McKissock

When a real estate appraiser is called to testify in a court, it could be as one of two types of witnesses. If you are called to testify as an appraiser, it’s important to determine at the time of the request which of the two types you will be: fact witness or expert witness. You may state the concluded value in the appraisal.

Law 94
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What Appraisers Wish Real Estate Agents Understood

Appraisal Today

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? Of course, most people confuse real estate agents with appraisers. We need a good Appraiser PR Campaign!

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Market Still Strong as Low Inventory Persists- February Newsletter

DW Slater Company

Closely studying our markets is very crucial in understanding current market value for appraisers. The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. Our markets are still strong. So why didn’t that lead to a bigger drop in prices?

Inventory 128
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Is Property Appraisal an Art or a Science?

AmeriMac

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The answer?