Remove Appraisal Process Remove Property Appraisal Remove Real Property Remove Valuation
article thumbnail

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.

article thumbnail

How to Choose a Real Estate Appraiser

McCarthy Appraisal Blog

Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Evaluate the appraiser’s experience.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Checklist: What to Include in a Narrative Appraisal Report

McKissock

Report writing is an essential step in the appraisal process. Want a quick breakdown of everything that belongs in a narrative appraisal report? for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g.,

article thumbnail

NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate. They provide CMAs, etc.,

article thumbnail

2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

article thumbnail

Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

This dichotomy between the perceived value of the property and the one reflected in the appraisal can lead to many issues when selling or refinancing. Let’s explore how solar panels and other green features add value to real property. How can building owners ensure that green features are reviewed in an appraisal?