Remove Appraisal Process Remove Contracts Remove Development Remove Inventory
article thumbnail

Settling on a New Normal for Appraisals in 2022

Appraisal Buzz

million units , and some experts say it could reach 8 million if there were more inventory. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value.

Appraisal 397
article thumbnail

3 Ways Agents Can Help Appraisers to Be More Accurate

Cleveland Appraisal Blog

Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. The more information the MLS listing offers on a home, the more useful the data is at helping appraisers to develop a supportable opinion of the value of a home being appraised.

Agents 374
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

USPAP Myths for Appraisers

Appraisal Today

Streamline my appraisal process (10%) Plus 3 more To read more, Click Here My comments: Interesting stats! Elimination of Bias and Developing Cultural Competency – with Real World Relevance Required for California Appraisers Fulfills BREA’s new appraiser CE requirement for elimination of bias and cultural competency.

article thumbnail

ChatGPT for Appraisers

Appraisal Today

PAVE Response and Marcia Fudge by Dave Towne Excerpts: Folks, the American Enterprise Institute Housing Center has been, to date, the only major voice in the wilderness I’ve seen publicly defending appraisers and the appraisal process. That’s why lenders will always need experienced field appraisers. percent from 6.93

article thumbnail

Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: What does the appraiser do with the three different values that may be developed? The appraiser must now reconcile these three values into one final opinion of value. Respectfully, if they had read my report and not just looked at the values, they would know exactly why they are different and how I developed them.