Birmingham Appraisal

JANUARY 24, 2024

As someone knee-deep in residential real estate appraisal, I’ve got a nugget of wisdom to share: housing statistics are your not-so-secret weapon for leveling up in the real estate hustle. Quick Lowdown for Real Estate Agents Let’s keep it real—real estate is more than just bricks and mortar changing hands.

Real Estate Agent 63

Real Estate Agent Real Estate Inventory Buyers 63

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

Appraisal 75

Appraisal Contracts Business Construction 75

Birmingham Appraisal

JANUARY 25, 2023

Tips For Agents on How to Adjust For Square Footage I wrote an article once titled “ Price per square foot is not the holy grail of property value ” where I explained that price per square foot should not be the only metric given consideration when pricing a home.

Agents 76

Agents Appraisal Contracts Buyers 76

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. Only appraisers do the appraisals. Not very positive.

Appraisal 85

Appraisal Training Inspection Real Estate 85

Appraisal Today

MARCH 22, 2024

To maintain objectivity and credibility, you should evaluate sales based on criteria that most accurately reflect comparability, rather than focusing on price. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 65

Appraisal Contracts Business Insurance 65

Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

Appraisal 79

Appraisal Agents Real Estate Real Estate Agent 79

Appraisal Today

JUNE 16, 2023

Excerpts: Following that thought process, our appraisal language has simply got to change to reflect current times. In addition, our lenders and GSE’s are implementing tools and programs to identify when “Certain prohibited, subjective or potentially biased words or phrases are included in appraisal reports.”

Appraisal 73

Appraisal Contracts Design Mortgage 73

Appraisal Today

JUNE 9, 2023

When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. Should you even be using that data? Another appraisal challenge! He’s an appraiser colleague in Utah, and I’ve known him for a number of years. What do you need?

Appraisal 52

Appraisal Advertising Real Estate Contracts 52

Appraisal Today

JANUARY 13, 2023

Appraiser Scam – Be Careful! Posted Jan 5 on National Appraisers Forum. This was also posted in the 100% Appraisers group on FaceBook as happening to others. Last week, I received a text from “Master Chief Robert Roy” requesting an appraisal for a cash purchase. Savvy scammers may know about this.

Appraisal 52

Appraisal Real Estate Valuation Law 52

Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. The answer is, Yes!

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

Appraisal 85

Appraisal Real Estate Valuation Contracts 85

Appraisal Today

JUNE 3, 2022

Residential Appraisals and Airbnb Income? State appraisal boards ARE disciplining appraisers across the country for improperly using the business income (Short term Rental – STR) from Airbnbs on the residential 1007 Fannie Mae form. Some of the topics: • USPAP issues. • Appraisal Business Tips .

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Appraisal Today

FEBRUARY 10, 2023

Fastapp AMC Alleged Violations of AIR (Appraiser Independence Requirements) Excerpts: The following court documents in the case Naftali Horowitz v. it began to become apparent to Andrews that Horowitz was not complying with appraisal independence standards. . … Nicole Andrews, Fastapp AMC founder v. 1639e(b)(3). …

Appraisal 52

Appraisal Contracts Architecture Mortgage 52

Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. Excerpts: In a nutshell, our survey respondents recommended that you should: 1) do your research and get to know the AMCs, 2) build a relationship with them, 3) treat the relationship as a partnership, and. Practical real estate appraisal writing tips for AMC questions.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

APRIL 14, 2023

Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. Maybe a couple new terms should be discussed: “sweat equity incentive” and “sweat equity profit.” In my MLS “contractor special” is often used.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Appraisal Today

SEPTEMBER 30, 2022

Killed by Carbon Monoxide: Appraiser Blamed. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. This disclaimer language should be included in the appraiser’s report.

Appraisal 52

Appraisal Inspection Easement Contracts 52

Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

Appraisal 36

Appraisal Appraisal Process Real Estate Training 36

Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

Appraisal 36

Appraisal Appraisal Process Real Estate Training 36

Listing Spark

NOVEMBER 24, 2021

What does a traditional agent charge in Dallas-Fort Worth? To avoid overpaying when looking for discount or flat-fee realtors in Dallas, it is important to understand the going rate for a traditional agent. A flat fee MLS service or a company/agent that drops their listing commission below other competitors is an alluring proposition.

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

What does a traditional agent charge in San Antonio, TX? To avoid overpaying when looking for discount or flat-fee realtors in San Antonio, it is important to understand the going rate for a traditional agent. Here is a list of the most important components an agent or Flat Fee MLS service should be offering you.

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

What does a traditional agent charge in Houston, TX? To avoid overpaying when looking for discount or flat-fee realtors in Houston, it is important to understand the going rate for a traditional agent. A flat fee MLS service or a company/agent that drops their listing commission below other competitors is an alluring proposition.

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

What does a traditional agent charge in Austin, TX? To avoid overpaying when looking for discount or flat-fee realtors in Austin, it is important to understand the going rate for a traditional agent. A flat fee MLS service or a company/agent that drops their listing commission below other competitors is an alluring proposition.

Realtors 36

Realtors Real Estate Advertising Agents 36

Appraisal Today

OCTOBER 7, 2022

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!

Appraisal 52

Appraisal Contracts Architecture Housing Market 52

Appraisal Today

JUNE 10, 2022

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. Purchase vs. refi appraisals.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

AUGUST 26, 2022

Excerpt: We often receive questions from appraisers regarding Fannie Mae and the cost approach. For example: “I’m appraising a property and have been instructed to comply with Fannie Mae guidelines. My comment: I included this article plus the one below, which both address the Cost Approach’s common appraisal questions.

Appraisal 52

Appraisal Business Contracts Advertising 52

Appraisal Today

JULY 8, 2022

as a Model for Appraisals. appraiser roster is a coveted position for most residential appraisers. appraiser) says the V.A. pays higher appraisal fees. doesn’t use Appraisal Management Companies (AMCs). does not use AMCs allows them to pay more directly to the appraiser, according to Rocha.

Appraisal 52

Appraisal Property Taxes Contracts Mortgage 52

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

Appraisal 76

Appraisal Construction Contracts Architecture 76

Appraisal Today

AUGUST 25, 2023

What’s the Average Real Estate Appraiser Salary? Excerpts: On average, appraisers earn $102,620 a year. However… the average appraiser salary varies significantly across license levels. Trainee appraisers earn an average annual income of about $53K. Licensed appraisers earn approximately $89K per year.

Appraisal 75

Appraisal Real Estate Agent Agents Real Estate 75

Town & Country Residential Appraisals

SEPTEMBER 29, 2019

There are loans that can be used for fixer-uppers, but you need to know to ask for them: FHA 203k / FNMA/VA Renovation loans. The mantra that every renovator needs to memorize is “Cost does not equal value.” This should help you set your maximum budget. That’s not how any of this works. That is how Zillow claims “accuracy.”

Renovations 46

Renovations Market Value Valuation Appraisal 46

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. To read the report, click here My comments: Read the appraiser sections in the long report. This is up sharply from 27 percent last year.

Appraisal 80

Appraisal Real Estate Agent Contracts Real Estate 80

Appraisal Today

MAY 26, 2023

MPR Repairs: Guidance for FHA Appraisers By: McKissock Excerpts: If you are appraising a property that needs some cosmetic repairs but meets FHA minimum property requirements (MPR) in its current condition, you should make the appraisal “as-is.” Conservation easement appraisals are a definite risk for appraisers.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

DECEMBER 22, 2023

Per The Dictionary of Real Estate Appraisal, 6th Ed., Maybe you were busy and forgot to check it out in public records, MLS or speaking with the owner or agent (if a sale) when scheduling the appointment. 12 Days of Appraiser Christmas Very funny!! 12 Days of Appraiser Christmas Very funny!! Hopefully will not pass!

Appraisal 74

Appraisal Business Contracts Real Estate 74

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. When USPAP started, it was very exciting as appraisers had to decide what needed to be changed or added. This covers all Definitions, Rules, and Standards.

Appraisal 76

Appraisal Contracts Real Estate Mortgage 76

Appraisal Today

APRIL 1, 2023

I had completed a complex appraisal assignment and was expecting multiple revision requests, but instead, got a note saying how thorough my appraisal report was and thanking me for the work. To read more, click here My comments: Rachel is one of my favorite appraisal authors. > Why Appraisers Love Appraising!

Clients 52

Clients Appraisal Contracts Business 52

Assurance Financial

DECEMBER 20, 2021

With so much homeownership throughout the country, mortgages are an imperative topic. If you’re one of the many Americans that own a home with a mortgage, you should know your options when it comes time to sell. Should I Pay Off My Mortgage Before Selling My House? Mortgage prepayment penalties, if applicable.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. As an appraiser, it is super important to understand how to gather and analyze relative data. See if there are data types and graphs you can use in your appraisals. Your clients count on you to let them know the market today, not in the past. Appraisal Neighborhood Analysis.

Appraisal 52

Appraisal Marketing Contracts Insurance 52