Simonson Real Estate

JUNE 10, 2020

It’s the outcome we strive for following the appraisal process. As an appraiser, it means we nailed that sweet spot and produced an accurate appraisal. In a bear market, appraisals tend to be scrutinized more closely (and rightfully so). “No news is good news” is more than just a saying.

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines.

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Appraisal Today

SEPTEMBER 23, 2022

Tenant, friend, or relative wants to buy. House Bill 7735 “Improving Access to the VA Home Loan Act of 2022” Excerpts: “The bill will encourage important reforms to the agency’s requirements regarding when an appraisal is necessary, how appraisals are conducted, and who is eligible to conduct an appraisal.

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Appraisal Hub

FEBRUARY 15, 2024

Commercial Appraisals, on the other hand, delve into properties used for business purposes, including office buildings, retail shops, industrial sites, farm, and apartment complexes with five or more units.

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Housing Wire

OCTOBER 5, 2022

What we’ve done is we’ve tried to automate the appraisal process, and I’ll tell you that the pandemic was really where we got a lot of lessons learned – appraisers didn’t want to go into homes, we had to figure out ways to keep the mortgage pipeline moving, and we introduced desktop appraisals.

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Chicagoland Appraisal Blog

MARCH 21, 2022

John : Basically, to make it a little bit simple, I do home appraisals and most people know appraisers in connection with mortgages, whether it’s for purchase or refinance. In my practice here, we specialize in the non-lending side of the appraisal hemisphere.

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McKissock

MAY 14, 2023

Report writing is an essential step in the appraisal process. Want a quick breakdown of everything that belongs in a narrative appraisal report? Here’s an outline of the items that should appear in your report.

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Listing Spark

JULY 24, 2023

Immediately actionable: When you decide to purchase a property as a rental, sell an existing property as a FSBO, or refine your tenant criteria so there’s less turnover or a smaller gap between tenants, don’t put yourself in a position of waiting for a human intermediary.

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McKissock

JANUARY 3, 2023

There are other factors that are normally adjusted for in single-unit appraisals which may be of little or no consideration in appraisals of 2-4 unit properties, unless those factors impact the amount of rent a tenant would be willing to pay, or the investor’s bottom line. How to begin when appraising small income properties.

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Housing Wire

APRIL 27, 2021

To paint an example of what this might look like, an appraisal form software provider would provide data input screens for the subject property address and certain property characteristics, such as single-unit or two-unit, owner-occupied or tenant-occupied, fee or leasehold ownership, and so forth.

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Appraisal Today

JANUARY 20, 2023

Fee Appraisers will be gone in 5 years being relegated to measuring houses, property inspection, and basic condition reporting. The puppet masters don’t like appraisers or the appraisal process, and the AVM’s will take over and Fannie, Freddie, et al, will do to whatever lobbyists and politicians tell them to do.

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McKissock

OCTOBER 19, 2021

The presence of an additional living unit may complicate the appraisal process by making it difficult to know how to classify the subject property. 3rd, “Appraising Accessory Dwelling Units Simplified.” How do you know whether you’re dealing with an accessory dwelling unit (ADU) or a second unit?

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