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How to reduce appraisal turn times and improve the borrower experience

Housing Wire

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? With these tools, appraisers can complete jobs in a fraction of the time and increase their capacity for new work.

Appraisal 391
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What Is a Reconciled Value?

Cleveland Appraisal Blog

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Even if I do not include my development of the Cost Approach in my report, I have it in my work file.

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Top 6 Commercial Appraisal FAQ’s

Simonson Real Estate

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.

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7 Key Considerations for Using a Restricted Appraisal Report

McKissock

It’s also a good idea to review the appraisal reporting requirements. USPAP STANDARD 2 clearly states the minimum content requirements for reporting a real property appraisal. This is assuming that a restricted disclosure of the appraisal process (i.e., The steps taken in the appraisal process.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. Value Scenarios. What is Market Value As Is and When is it Used?

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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4 Key Disclosures and Disclaimers for Hybrid Appraisal Reports

McKissock

It is highly recommended that an appraiser share what he or she did not do as well as what he or she did do in performing the appraisal. The scope of work must disclose the extent the property was inspected. Failure to disclose significant real property appraisal assistance is a common violation.