Appraisal Today

FEBRUARY 2, 2024

2024 Updated UAD and URAR – What does It Mean for You? The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. What exactly does this mean?

Appraisal 66

Appraisal Contracts Training Real Estate 66

Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. To read the full letter, click here My comments: USPAP 2024 is effective January 1, 2024. Also, there is no ending date for the 2024 version.

Appraisal 77

Appraisal Contracts Real Estate Mortgage 77

Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. These requirements are carried forward in the 2024 edition of USPAP. To read more, click here My comments: Be sure to read this blog post. USPAP 2024 is effective January 1, 2024.

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Appraisal Today

DECEMBER 29, 2023

Functional obsolescence may or may not be caused by trends in buyer or market preferences, outdated design, or even advances in technology. Buyers are likely to see this as a flaw in the floor plan regardless of trends. Buyers are likely to see this as a flaw in the floor plan regardless of trends. 4,000 sq.ft.

Appraisal 77

Appraisal Design Business Modernization 77

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. It was and is controversial. Try this this bigger oar.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M Read on blog www.appraisaltoday.com/blog Posted by noon Friday. per month, $24.75

Tools 64

Tools Appraisal Renovations Design 64

Housing Wire

NOVEMBER 2, 2023

The program is designed to help agents connect with buyers, improve their brand recognition and convert leads into clients. They can be used for different lead types and content marketing resources like blogs, live support, phone script templates and podcasts to help agents grow through a variety of channels.

Real Estate 345

Real Estate Real Estate Agent Tools Agents 345

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Appraisal Today

MAY 24, 2024

To read more, including all the violations, Click Here My comments: The blog post is well written, relatively short, and worth reading, if only for reminders. This home’s private massage room, primary suite with sauna, and lazy-river pool were all designed for relaxing. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

Appraisal 81

Appraisal Contracts Mortgage Reconsideration of Value 81

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. Click to expand any image or graphic from my newsletters and blog posts.) An index score of 100 means that a buyer with a median U.S.

Buyers 36

Buyers Development Construction New Listings 36

Appraisal Today

MARCH 1, 2024

According to the Institute for Luxury Home Marketing’s February 2024 report¹, the single-family luxury home segment is showing promising signs of growth. Even more telling, contract signings for homes priced at $1 million or more have increased by 11 percent over last year, and demand remains high among affluent buyers. Lots of buyers?

Appraisal 75

Appraisal Contracts Business Marketing 75

Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. Thanks to Tom for writing this blog post. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

MARCH 8, 2024

NOTE: Please scroll down to read the other topics in this long blog post on property data collectors, economic analysis, managing your email inbox, unusual homes, mortgage origination stats, etc. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page.

Appraisal 82

Appraisal Contracts Real Estate Housing Market 82

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

Appraisal 69

Appraisal Inspection Modernization Business 69

Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. She designed more than 700 buildings in California during a long and prolific career.

Appraisal 80

Appraisal Contracts Training Architecture 80

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. baths, 5,550 sq.ft.,

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Appraisal Today

DECEMBER 22, 2023

It’s a type of functional obsolescence in which the structure or one of its components is overly improved to a capacity or quality than a prudent buyer or owner would build or pay. Have you ever driven closer and closer to your subject and noticed that the homes are much smaller or have standard designs? Hopefully will not pass!

Appraisal 76

Appraisal Business Contracts Real Estate 76

Lamacchia Realty

FEBRUARY 5, 2024

Designed with this target market in mind, these communities offer unique activities and benefits residents can take advantage of. Sign #6: This Blog has made you Excited to Start Looking at Homes in 55+ Communities! If this sounds like you, you may find that moving to a 55+ community is the right choice for this chapter of your life!

HOA 68

HOA Realty Realtors Design 68

Will Springer Realtor

DECEMBER 12, 2023

We have enjoyed working with many of you this year and providing informative stories and features in this newsletter as well as on the Living the Dream blog and social media platforms. To a happy 2024! = Prospective buyers this year have mostly watched the housing market pass from the sidelines. 19) at 10am PT.

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

MAY 30, 2023

Positioned as a boutique luxury residence, Mari offers 138 homes in its 20-story, glass-and-steel structure that is targeting a spring 2024 unveiling. This condo – like many in our area – comes with 24/7 concierge services, fitness center, yoga studio and designated areas for your four-legged friends. Classy and calming at all once.

Real Estate 36

Real Estate Design Contracts Buyers 36

Appraisal Today

FEBRUARY 9, 2024

NOTE: Please scroll down to read the other topics in this long blog post on E&O and state boards, bias, 32% sales are new homes, unusual homes, mortgage origination stats, etc. = Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page.

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Zillow 2024 Home Trends: What’s a Pickleball Court Worth, Anyway? Forest Service on three sides.

Appraisal 71

Appraisal Design Contracts Inspection 71

Will Springer Realtor

SEPTEMBER 26, 2023

To address ownership inequality, the state of Washington has introduced an innovative home-assistance fund for potential buyers who have been historically marginalized and restricted from ownership. First-time home buyers are not simply first-ever purchasers. Beginning Jan. It is not a gift from the state.

Law 36

Law Buyers Government Contracts 36

Will Springer Realtor

MARCH 11, 2024

However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. at the start of 2024 after increasing them by 8.7% Source ) Locally, Puget Sound Energy raised electric rates by 1.7% this fiscal year after a 4.5%

Insurance 36

Insurance Sellers Real Estate Buyers 36

Listing Spark

MARCH 18, 2024

6 Tools That Make Modern FSBOs Easier to Manage The internet is full of useful tools and services that are designed to support FSBO sales. Buyers’ agents use this database to search for properties on behalf of their clients, and public-facing websites like Trulia display listing details to prospective homebuyers.

Modernization 36

Modernization Tools Open Houses Real Estate 36

Will Springer Realtor

OCTOBER 11, 2023

The first makes permanent a pandemic-related policy that exempts affordable housing from the design review process. It would cost the owner of an $800,000 home in Seattle about $360 in 2024, or more than triple the expiring housing levy of $115. The levy, if approved by voters on Nov. Redmond (20,000) and Renton (17,000) are next.

Law 36

Law Development Design Government 36

Will Springer Realtor

FEBRUARY 9, 2024

SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. Designers are helping builders broaden options to create homes that consumers can afford – no easy task. Built in 2019, the home includes 7.25

Development 36

Development Design Housing Market Real Estate 36

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. This specially designed British supercar comes with a super price tag – about $1.7M.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

AUGUST 9, 2022

While perfection may remain elusive, it’s heartening to see our region boldly move forward with its designs on a network of light rail routes that are slowly connecting north, south, east and west. Now totaling 19 stations, the so-called 1 Line is adding more connections with another 19 stations planned for a 2024 opening.

Transportation 36

Transportation Retail Development Law 36

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = Built in 2014, the six-bedroom estate was designed to resemble an English manor. and Conditionality.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

APRIL 2, 2023

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on Fannie Update: UAD and New “Forms”, concessions, non-lender appraisals, unusual homes, mortgage origination stats, etc. Timeline 2023-2024. one year earlier.

Contracts 52

Contracts Appraisal HOA Architecture 52

Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. To read more of this long blog post with many topics, click Read More Below!! == $4.9 in its widest point.

Appraisal 52

Appraisal Contracts Architecture Law 52

Appraisal Today

SEPTEMBER 8, 2023

To address questions regarding property eligibility and comparable sales requirements, we are clarifying our policy that a 3D printed home with a traditional design and constructed using conventional building materials is not considered a unique or nontraditional type of housing as described in the Selling Guide.

Appraisal 80

Appraisal Contracts Business Construction 80

Appraisal Today

MAY 27, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. Who Moved My Appraisal Cheese? Full appraisals take too long.

Construction 52

Construction Appraisal Modernization Contracts 52

Will Springer Realtor

OCTOBER 11, 2022

Mark Zandi, chief economist at Moody’s Analytics, is far more bearish, predicting prices will fall about 10% nationally over the next 12-18 months if the country avoids a recession (which is unlikely) and drop roughly 20% by 2024 if the U.S. The next 12-24 months are likely going to be quite a challenge for prospective buyers.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. 3-D PRINTED WHAT??

Real Estate 36

Real Estate Inventory Buyers Construction 36