McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. It requires more work, so you want to be sure that you are charging for your effort.

Construction 86

Construction Appraisal Inspection Development 86

Riverfront Appraisals

AUGUST 31, 2021

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.

Construction 115

Construction Appraisal Appraisal Process Loan Officers 115

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

Marketing 375

Marketing Real Estate Agent Clients Tools 375

Riverfront Appraisals

JANUARY 18, 2021

Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. In this blog post, we’re starting with the end.

Final Inspection 92

Final Inspection Inspection Appraisal Loan Officers 92

CP Home Appraisals

AUGUST 27, 2018

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does.

Inspection 78

Inspection Appraisal Property Inspector Real Estate 78

Hank Miller Team

NOVEMBER 22, 2022

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. What is a Real Estate Appraisal?

Inspection 52

Inspection Appraisal Buyers Sellers 52

Appraisal Buzz

DECEMBER 13, 2021

.” We sat down with Greg Stephens, coordinator of this webinar with Metro-West Appraisal Company, to learn more about this free upcoming webinar. Greg: My background in the appraisal industry spans 44 years. Since 1987, I have been teaching appraisal-related courses through my seminar company, Appraisal Seminars.

Supply Chain 363

Supply Chain Construction Appraisal Real Estate 363

Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. It’s like a horse race. Presented by: Radian.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Hub

FEBRUARY 15, 2024

Real estate appraisal, whether residential or commercial, is a critical component in the valuation of property assets. This process, often seen as more art than science due to its complexity, requires a deep understanding of the market, a keen eye for detail, and an analytical approach to gather and interpret data.

Real Estate 78

Real Estate Appraisal Appraisal Process Inspection 78

Housing Wire

MARCH 22, 2021

And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. That’s likely because those strategies are so common in a competitive market. The result: a bottleneck with scores of would-be buyers in a low-inventory market. You won’t win the bidding war.

Inspection 543

Inspection Inventory Buyers Sellers 543

Boston Appraisal

MAY 17, 2023

The process of determining a property’s market value is called a real estate appraisal. The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction.

Inspection 148

Inspection Construction Appraisal Valuation 148

Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Whether you’re a seasoned appraiser or new to the field, having a better understanding of rural properties is essential for providing credible appraisals. Well written.

Appraisal 69

Appraisal Inspection Modernization Business 69

Housing Wire

DECEMBER 8, 2023

In today’s market, having a preapproval, at the minimum, is a must. Should they consider new construction? Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through. Should they buy first or sell first?

Clients 383

Clients Real Estate Inspection Buyers 383

McKissock

FEBRUARY 4, 2022

The share of new construction homes on the market rises to a record high. The value of the housing market as a whole has doubled since the early 2010s. Incenter Appraisal Management and McKissock Learning partner to host several desktop valuation training webinars. Read on for more appraisal news.

Construction 52

Construction Housing Market Appraisal Training 52

D Fritz Appraisals

OCTOBER 11, 2022

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Cleveland Appraisal Blog

MAY 12, 2022

Then I began to see their videos as well as videos of fellow appraisers who have posted things about this service. I am a huge fan of using technology when appraising properties. And I remember the first time I started using a digital camera instead of a 35mm camera to take pictures during my inspections. Remember them?

Inspection 341

Inspection Appraisal Tools Advertising 341

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Appraisal Today

MAY 24, 2024

8 Common Violations Made by Appraisers By Dan Bradley When it comes to appraisal non-compliance with USPAP, certain violations are, unfortunately, somewhat common… I have compiled this list based on many years of personal experience as a reviewer and a state regulator, as well as feedback I have received from other states’ enforcement agencies.

Appraisal 81

Appraisal Contracts Mortgage Reconsideration of Value 81

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 93

Appraisal Inspection Appraisal Process Real Estate Agent 93

Raleigh Realty

FEBRUARY 4, 2022

New Construction Home Buying Tips You asked. here are the best new construction homebuying tips How to buy a new construction house Last week we wrote an article on how to buy a house for first-time home buyers. Also asking, when do you pay for a new construction house? How Do I Buy A New Construction Home?

Construction 148

Construction Realtors Real Estate Agent Real Estate 148

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! ” “The definition of market value.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Appraisal Today

AUGUST 18, 2023

7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1. Dragon is very well-liked among appraisal professionals, making it number one on our list of must-have apps for appraisers. Genius Scan This app gets a lot of love from appraisers. Dragon has been around a long time and is popular with commercial appraisers.

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

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 75

Appraisal Contracts Legal Business 75

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Chicagoland Appraisal Blog

MAY 13, 2021

A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. Here, we’ll explore everything you need to know about home appraisals and how to maximize the value of your house. . What’s in a Home’s Value?

Appraisal 88

Appraisal Renovations Home Value Real Estate 88

Cleveland Appraisal Blog

DECEMBER 24, 2022

Read on for some pointers from Cleveland Appraisal Blog. Whether you want to personalize your home or boost its market appeal , the kitchen deserves your attention. Fortunately, you can keep tabs on the timing, progress, and costs associated with the work as it’s completed with construction management software. Kitchen Remodel.

Renovations 303

Renovations Appraisal Home Improvement Buyers 303

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. At that time, the real estate market was still being wildly affected by the COVID pandemic. The inspection was uneventful.

Appraisal 71

Appraisal Design Contracts Inspection 71

McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

McKissock

JANUARY 6, 2023

How about one for you and your appraisal business? Most of us are fee appraisers who work independently. Our opportunity is time—it’s time to take stock of where we are and perhaps consider diversification or an alternative appraisal career. Here are a few ideas for transforming your appraisal career in 2023.

Appraisal 74

Appraisal Training Lending Land Management 74

D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Now, many people are asking when the market will correct itself.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Town & Country Residential Appraisals

APRIL 10, 2023

Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. It is then the lender who confirms based on this information if the property is eligible and an appraisal is not required.

Appraisal 57

Appraisal Final Inspection Modernization Inspection 57

Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. Trainees can do them.

Appraisal 69

Appraisal Modernization Training Business 69

Boston Appraisal

FEBRUARY 2, 2023

Appraisers are often tasked with providing valuations for properties that can be very different from one another. Everything from the number of bedrooms to the quality of the construction. However, in order to provide credible valuations, appraisers often have to find an objective basis for comparison.

Inspection 78

Inspection Law Real Estate Agent Appraisal 78

Boston Appraisal

FEBRUARY 2, 2023

Appraisers are often tasked with providing valuations for properties that can be very different from one another. Everything from the number of bedrooms to the quality of the construction. However, in order to provide credible valuations, appraisers often have to find an objective basis for comparison.

Inspection 78

Inspection Law Real Estate Agent Appraisal 78