Appraisal Today

OCTOBER 27, 2023

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. I quit all residential lender appraisals in 2005 due to the cyclicality.

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Property Appraisal Appraisal Business Contracts 72

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. Too cyclical.

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Appraisal Modernization Training Business 69

Appraisal Today

SEPTEMBER 22, 2023

For example, I’m appraising a Victorian built before 1910. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. No appraisal required on those! Using MLS photos is a joke, as real estate agents don’t take photos of defects.

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Appraisal Training Inspection Real Estate 86

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