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Appraising Historical Homes

Appraisal Today

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. However, these restrictions may also limit modifications, potentially affecting the property’s market appeal.

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Fannie Mae: Appraisals are no longer the default option | Clear Capital in the News

Clear Capital

“We are on a journey of continuous improvement to make the home valuation process more efficient and accurate. As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction,” Fannie Mae states in its release.

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality.

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USPAP Myths for Appraisers

Appraisal Today

Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Excerpts: 4 Bedrooms, 4.5

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Property Appraisals: What You Need to Know

Aedis Appraisals

After all, if you fail to procure an accurate appraisal, there isn’t much to stand between you and potential losses during the sale or purchase of a particular property. What Is an Appraisal and When Do I Need One? A home appraisal is not a home inspection and the two jobs will need to be carried out by two separate professionals.

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Reconsideration of Value and Appraisers

Appraisal Today

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” ” Say, instead, “the intended use of this appraisal is for the executor’s use in administrating the estate of. The appraisal should not be used for any other purpose.”

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Top Ten Reasons Why It Is Great to be an Appraiser!

Appraisal Today

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. What is happening in your market? You may need to call agents to see the amount of concessions offered and make an adjustment based on its effect on market value.