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Cost Approach in Fifteen Minutes or Less

Appraisal Buzz

This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) To receive this subscription directly, click here.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Tips for Making a Successful Transition to a New City After a Personal Low Point

Cleveland Appraisal Blog

I welcome back guest blogger June Duncan who wrote this article for the Cleveland Appraisal Blog. Here are some tips to help you transition to a new city and begin a new chapter in your life, shared below by Cleveland Appraisal Blog. Additionally, visit sites like Cleveland Appraisal Blog for great information.

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Why is an Appraiser Asking Me About an Old Comp?

Portland Appraisal Blog

“Why is an appraiser asking me about an old comp?” years ago when there have been many[,] many sales in this development just in the last year? .” years ago when there have been many[,] many sales in this development just in the last year?” ” When I told her why, she replied: “How interesting.

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7 Easy Steps to Reduce Appraisal Revision Requests

Clear Capital

How do you feel when an appraisal revision request pops up in your inbox in the morning? You already painstakingly checked your appraisal report the previous night before hitting ‘send’ and now you’re on your screen the next day, making revisions to the same report under a tight deadline! . How to prevent appraisal revision requests.

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What is a "Comp?"

Town & Country Residential Appraisals

Imagine home valuation in this neighborhood. As a VA Panel appraiser, we have access to something called “Tidewater” on VA orders. This means that over the years we have received properties from real estate agents on properties where we had a question as to the rationale used to develop a contract price. A recent sale.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

On the other hand, the value that is reflected in most appraisals is a value that reflects what the majority of other market participants are willing to pay. Outlier sales often lack suitable comparables, making it challenging to apply the traditional valuation approach accurately. There is a difference.