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What’s New in Appraisal Membership: September 2021

McKissock

Every appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value of real property. Sam shows how to convert between percentages, fractions, and decimals.

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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

Then, posing as the property owner, the scammer contacts a real estate agent to list the property. The property is then listed, typically below market value to generate interest in the listing. When it comes to close on the sale of the property the scammer will request a remote notary signing.

Sellers 359
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What Is a Reconciled Value?

Cleveland Appraisal Blog

The appraiser will determine which of the values is most appropriate and reflective of demonstrating the market value of the property being appraised. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why.

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Why Do Square Footage Disputes Arise?

Empire Appraisal Group

ANSI Z765-2021 , a standard for calculating square footage, from Home Innovation Research Labs. In addition to the standards published by the agencies, there’s a national voluntary standard for calculating square footage, ANSI Z765-2021. and 2021 vice chair of the National Association of REALTORS®’ Real Property Valuation Committee.

Sellers 78
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5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market. a residential real estate appraisal firm based in St. Let them know how many offers came in.

Agents 78
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For Your Consideration, A Review

Valuation Nation

As the author of these blogs is an appraiser, and this deals with the largest real property valuation organization in the country, I thought it may be apropos to style this blog after an appraisal review. No opinion of value is offered as the reviewer is only performing a compliance review and is not a value related review.