Appraisal Buzz

OCTOBER 3, 2022

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Many appraisers working in today’s marketplaces are about to find out how important this is. This is important information for appraisers, though it may not appear so at first. Pretty much everything.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Cleveland Appraisal Blog

FEBRUARY 16, 2024

I know most of my readers are interested in appraisal and real estate-related topics. FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. To lump them all together can lead to some misconceptions about value. Is this misleading?

Appraisal 406

Appraisal Market Value Real Estate Clients 406

McKissock

DECEMBER 14, 2021

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

Appraisal Buzz

MARCH 25, 2024

I recently got curious about the word ‘analysis’ As an appraiser, I use this word frequently. I found the etymology of this word, as well as its antonym, very helpful in conceptualizing what appraisal analysis really is. It is the work of a therapist and their client to carefully untie those knots.

Sellers 379

Sellers Appraisal Real Estate Buyers 379

Cleveland Appraisal Blog

FEBRUARY 11, 2022

Just like going cheap when buying running shoes can be costly, the same is true when it comes to hiring an appraiser. If you’re in need of an appraisal, I highly recommend not going with the cheapest appraiser. At first glance, two appraisals may both look impressive to someone who doesn’t know anything about appraisals.

Appraisal 221

Appraisal Market Value Clients Design 221

Cleveland Appraisal Blog

APRIL 21, 2022

It’s tax appeal season and I’ve had several homeowners say that they feel their neighbors are negatively impacting the value of their home for different reasons. My clients said that one of their neighbors has people coming and going until late in the evening, most evenings. Of course, that’s not the same as market value.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

Cleveland Appraisal Blog

OCTOBER 12, 2022

When appraising a property, I usually look to see if there is any information on Zillow about the property I am appraising. While Zillow does offer some great data, occasionally, some of my clients point out home sales that they found on Zillow, that appear to be comparable to their property. I welcome these kinds of questions.

Market Value 334

Market Value Appraisal Clients Marketing 334

Housing Wire

JUNE 11, 2021

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. An appraisal is a valuation of a property by a third party.

Inspection 424

Inspection Appraisal Buyers Appraisal Process 424

AmeriMac

MAY 15, 2024

Navigating Relocation Appraisals Successfully Relocating to a new city or state can be a complex and overwhelming process. One crucial aspect of the relocation process is the appraisal of the property being sold. Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation.

Appraisal 36

Appraisal Market Value Mortgage Appraisal Appraisal Process 36

Appraiserblogs

NOVEMBER 20, 2023

To lighten the load somewhat from discussions about current highly restrictive language use in appraisal reports that tends to circumvent actual reality and truth – which can positively or adversely impact property market value, replaced with only generic, non-offensive words, I present this cartoon.

Market Value 124

Market Value Lending Appraisal Clients 124

Boston Appraisal

JULY 6, 2023

In these situations, a property appraisal can be an indispensable tool in the lawyer’s arsenal. By providing an objective assessment of the property’s market value, an appraisal can aid in dispute resolution, assist in legal arguments, and guide negotiations.

Appraisal 78

Appraisal Legal Market Value Appraisal Process 78

Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Their expertise goes beyond helping buyers and sellers determine accurate market value.

Real Estate 63

Real Estate Appraisal Valuation Legal 63

McKissock

JULY 6, 2022

The reality, however, is many agents struggle to properly set and manage the client’s expectations of how the chaos is going to work and how the process is going to play out. Managing client expectations is critical, and sadly, often overlooked as part of the agent/client relationship. As agents, we know better.

Clients 87

Clients Real Estate Contracts Sellers 87

Appraisal Buzz

AUGUST 16, 2021

Like many busy appraisers, I can spend a lot of time in my own little world just trying to keep my head above water. Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Herein lies the appraisal gap.

Market Value 448

Market Value Buyers Appraisal Sellers 448

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. So what do you do when you’re asked to hit a certain value? Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Birmingham Appraisal

DECEMBER 5, 2023

Can A Pre-Listing Appraisal Help Sell An Expired Listing? Despite your best efforts, sometimes a property lingers on the market, leaving both you and your client frustrated. In such situations, a strategic move to consider is obtaining a pre-listing appraisal.

Appraisal 61

Appraisal Real Estate Agent Real Estate Market Value 61

Appraisal Hub

MAY 5, 2024

As a seasoned appraiser in the vibrant real estate market of Toronto, I’ve had the privilege of witnessing the ever-evolving landscape of property valuation. Over the years, I’ve come to appreciate the symbiotic relationship between appraisers and real estate agents.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Appraisal Process 78

McKissock

OCTOBER 13, 2020

Between the complexities of the real estate market and the changeable landscape of financing and property value, your clients likely have an abundance of questions regarding the sale of their home. Q: “What are methods to determine the value of my home?”. Q: “What factors can influence the value of my home?”.

Clients 84

Clients Advertising Real Estate Market Value 84

Appraiserblogs

JUNE 15, 2022

It shall be unlawful… to engage in any act or practice that violates appraisal independence… Appraisers, I have written the info below, which you may use if you desire to send to your clients and local real estate offices. A Low Appraisal is Now a Bad Appraisal A low appraisal is now a bad appraisal.

Appraisal 120

Appraisal Real Estate Clients Agents 120

Cleveland Appraisal Blog

JULY 6, 2022

In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. What do you think?

Inspection 369

Inspection Appraisal Technology Clients 369

Birmingham Appraisal

FEBRUARY 20, 2024

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.

Agents 86

Agents Appraisal Real Estate Agent Bracketing 86

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “That we research value, we do not assign it.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Appraisal Today

JULY 1, 2023

Lenders Not Using AMCs for Appraisals By: McKissock June 23, 2023 Excerpts: Some appraisers seek alternate ways to find work outside of appraisal management companies (AMCs). Below are helpful tips on how to find financial institutions and banks that engage appraisers directly on fee panels. More Crazy Appraiser Stories!

Appraisal 86

Appraisal Contracts Market Value Mortgage 86

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. USPAP Standards Rule 1-2 (c) requires the appraiser to identify the type and definition of value.

Appraisal 99

Appraisal Marketing Market Value Development 99

Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. I suppose it is because most appraisals are done (now) for residential lending purposes.

Appraisal 76

Appraisal Contracts Legal Business 76

Appraisal Hub

JULY 22, 2020

Are you interested in getting appraisal services for your property in Toronto? It’s important to make sure that its value is being determined by the most qualified appraiser. Here are some questions to ask prospective appraisal firms before you hire one: Has your company appraised many properties in my area?

Appraisal 78

Appraisal Clients Real Estate Legal 78

Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! That's where our home appraisal for PMI removal comes in. By getting a PMI removal appraisal and showing that your home has increased in value, you can show that you have the required equity to SAVE MONEY! This is where the appraisal process comes in.

Appraisal 98

Appraisal Home Value Appraisal Process Insurance 98

Birmingham Appraisal

AUGUST 2, 2023

A Guide to Selecting the Right Appraiser Selecting a real estate appraiser is a crucial decision that can significantly impact your financial transactions and investments. Certification and Licensing Appraisal standards and regulations are vital to maintaining the integrity of the profession.

Appraisal 70

Appraisal Agents Valuation Real Estate 70

Simonson Real Estate

OCTOBER 23, 2020

As the impact of COVID continues to unfold and the real estate market grapples with rapidly changing information and market conditions – commercial appraisers have had to quickly adapt to a new way of gathering reliable and credible data to base their appraisal analysis from. Key Language in Letter of Transmittal.

Appraisal 143

Appraisal Retail Tenants Real Estate 143

Birmingham Appraisal

FEBRUARY 8, 2023

All Appraisals Are Not The Same All appraisals are the same, right? Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

Appraisal Hub

AUGUST 21, 2020

Getting it appraised is one of the important things you need to do on a regular basis. A professional appraisal can give you an unbiased opinion of your home’s value, which can be especially useful if you are planning to sell it soon, if you want to refinance your mortgage, or simply want to update your statement of assets.

Appraisal 78

Appraisal Luxury Properties Property Appraisal Real Estate 78

Appraisal Hub

JANUARY 11, 2021

So if you are considering a commercial real estate appraisal in Toronto, be sure to have it done by an experienced property appraiser. You can’t go wrong with one of those established appraisal firms that have an extensive track record of providing their services to discerning commercial real estate owners. What it’s all about.

Real Estate 78

Real Estate Appraisal Property Appraisal Inspection 78

McKissock

MAY 10, 2023

If you’re a licensed trainee entering the appraisal business, finding a supervisor can be a challenge. Many real estate appraisers don’t have the time to mentor a beginner. Older appraisers will often want to keep the business alive, and thus will be glad to train a successor. However, this is a “greying” business.

Real Estate 86

Real Estate Appraisal Training Business 86

East Coast Appraisal

JULY 7, 2022

property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. .

Property Appraisal 52

Property Appraisal Appraisal Valuation Appraisal Process 52