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.

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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.

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Appraisal Today

DECEMBER 1, 2023

Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. But, crossing the highway does work here With that said, I want to show you an example of a local neighborhood where I have zero hesitation about pulling comps from both sides of the highway.

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Appraisal Today

DECEMBER 8, 2023

OK to average adjusted comps on appraisal? We can fairly easily observe the comparable which is the most physically similar, but what about the one that is the most transactionally similar? Basic Appraisal, but not all appraisers know about this, especially if they “appraise to fit the form” aka form fillers.

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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. Here are some basic things to consider regarding quality adjustment research and methodology. Another appraisal challenge! Should you even be using that data?

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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. The rest of the post is a very good case study To read more, click here My comments: I have appraised many fixer-uppers.

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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. Recently we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” I worked for an assessor’s office for 5 years in my first appraisal job.

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Appraisal Today

JULY 1, 2022

Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. Appraisal Business Tips . Humor for Appraisers.

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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.

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Appraisal Today

NOVEMBER 25, 2022

More Crazy Appraisal Stories! Excerpt: Restraining Orders & Appraisals – Never a Great Mix. The majority of my appraisal work is on divorces and estates, both of which have their fair share of crazy stories. I was appraising a home for a divorce several years ago. Crazy Appraiser Stories!!

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Appraisal Today

JANUARY 20, 2023

Top Ten Reasons Why It Is Great to be an Appraiser! Chance to really irritate annoying real estate salespeople. Be one of a handful of people who know that USPAP is not a medical term. He doesn’t know the source…seems like it is one of those email/send/resends now floating around the Internet! a year earlier (-4.8

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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. Julie does not include short-term rental income (STR) in her appraisals of homes with Airbnbs.

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Miller Samuel

JULY 19, 2021

To all members of the Appraisal Institute: Before I start, I wanted to share what the Appraisal Institute's MAI designation is referred to by many of its members. Over the last five years, I have frequently been writing about the corruption and self-dealing of the largest appraisal trade group in the U.S.,

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The Robert Weiler Company

NOVEMBER 9, 2021

And, if you have a real estate investor in your life, the gift-finding pursuit can be quite a challenge. Here are some fantastic ideas for residential real estate investors: 1.) While gift cards tend to carry a reputation for being “quick” gifts, to a real estate investor, they are a home run. Holding a 4.4

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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. There were few women at my appraisal classes.

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Appraisal Today

DECEMBER 22, 2023

Per The Dictionary of Real Estate Appraisal, 6th Ed., Market Your Appraisal Services: 59 Ways to Get More Business Now Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

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The Robert Weiler Company

APRIL 20, 2021

Maybe you’re a business owner thinking about how to sell your business. Perhaps you’re just curious about the answer to the question, “How are businesses valued?”. Much like a commercial real estate appraisal , there is an underlying economic analysis for business valuation. So, how are businesses valued?

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McKissock

FEBRUARY 25, 2022

Looking for ways to compete in the appraisal industry? This month we asked our appraisal community, “What differentiates you from other real estate appraisers?” Read the responses below to learn how 75+ individual appraisers stand out from the competition. Approach to the appraisal process.

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Housing Wire

APRIL 21, 2022

Besides questions of how to handle local zoning officials, building code bylaws, building trade unions, the cost of land, there is curiosity about who is steering the 3-D home printing ship. Still, no one who cares about housing can afford to be too cynical. They go to Home Depot , scan a QR code, and out prints a new faucet.”.

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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.

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Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? baths, 16,225 sq.ft.,

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The Robert Weiler Company

NOVEMBER 10, 2021

When it comes to buying commercial real estate – both across the US and here in Columbus, Ohio – the diversity of enterprises and sheer size of the industry can be staggering. million commercial buildings in the US for a total of 97 billion square feet. Buying Commercial Real Estate Is Not One-Size-Fits-All.

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Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? For example, you understand that you do not need a form to produce an appraisal. Are your legs shaking?

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The Robert Weiler Company

DECEMBER 9, 2022

When you think of the terms commercial real estate agent, broker, or realtor, do you use them interchangeably? We often give a name to someone who helps clients buy or sell commercial real estate without considering each unique position, their responsibilities, education, certification or licensing, and expertise.

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Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. To read more, Click Here My comments: Check out the very good graphs.

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Appraisal Today

SEPTEMBER 1, 2023

Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? McKissock Survey Excerpts: As a professional appraiser, you’ll likely encounter some strange properties from time to time. If the appraisal is for lending purposes, be sure to find out if it is “lendable” before spending much time on it.

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Appraisal Today

DECEMBER 23, 2022

Excerpts: The property to be appraised is atypical. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. Appraisal Business Tips .

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Property Metrics

APRIL 7, 2022

The yield on cost is a commonly used metric when evaluating real estate development and value-add projects. In this article we’ll take a closer look at the yield on cost in real estate. Let’s walk through an example of how to calculate and use the yield on cost for a real estate development project.

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Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? He knows what you want. Stick to the facts.

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Appraisal Today

JUNE 24, 2022

Appraisals and Water Frontage. Excerpts: What about an off-site water view? Appraisers should familiarize themselves with their state laws regarding water frontage and related rights, as they can vary from state to state. Among the rights that come with real property ownership is the right to exclude others.

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Appraisal Today

MAY 20, 2022

Excerpts: I called the listing agent on the property I was to appraise and asked if they knew how an appraiser might go about obtaining a floor plan (for my desktop appraisal). She had no idea and had never heard of this type of thing being needed. He said the whole thing is a mess. Appraiser Retirement?

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Appraisal Today

JULY 22, 2022

When common practice in the local market differs from the ANSI standard, can the appraiser modify the subject’s GLA to conform to local custom? When common practice in the local market differs from the ANSI standard, can the appraiser modify the subject’s GLA to conform to local custom? How should appraisers manage this issue?

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