Remove 2006 Remove Appraisal Remove Blog Remove Lending
article thumbnail

VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

VA Approves Desktops and Exterior-Only Appraisals. The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”. “The Appraisal Assignment Waterfall.

article thumbnail

Too many appraisers?

Appraisal Today

How can we fix the excess of appraisers? Too many appraisers? 2) We will make it harder to become an appraiser; 3) Let the lower fees discourage newcomer appraisers. In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal. Humor for Appraisers.

Insiders

Sign Up for our Newsletter

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

article thumbnail

NAR Appraisal Survey 2022

Appraisal Today

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. The typical appraiser reports a 40-mile radius in which they conduct appraisals. While agents can “puff” we cannot!

article thumbnail

Is There a Market Correction on Its Way?

McKissock

I have no idea, but there will be warning signs, and that’s what this blog article is about. One source of information is Ann O’Rourke, who publishes mortgage application data in her weekly appraisal news email. I) Relaxing of lending standards and predatory lending activity (non-prime is just another word for sub-prime).

article thumbnail

Superadequacy Adjustments for Appraisals

Appraisal Today

Per The Dictionary of Real Estate Appraisal, 6th Ed., Example #1: Superadequate custom fireplace Example #2: Superadequate 12-car garage To read more, Click Here My comments: Although the blog post references luxury homes, this can occur anywhere. 12 Days of Appraiser Christmas Very funny!!

article thumbnail

Appraisal Risk, Reviews, and Revisions

Appraisal Today

Appraisal Risk, Reviews, and Revisions. Excerpts: This is part three of a three part series on appraisal review – Read parts one and two. I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” Appraisers and AMCs spend less time and have fewer hassles. By Ken Dicks.

article thumbnail

How to Reduce Appraisal Revision Requests

Appraisal Today

How to Reduce Appraisal Revision Requests. Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. If you disagree with the request for appraisal submissions or have concerns or need clarification, please reach out for clarification.