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

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. An appraiser may miss that sale through no fault of their own. NO BLANK FIELDS.

Agents 374

Agents Appraisal Renovations Development 374

Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property.

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

Appraisal Today

MAY 17, 2024

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” A few sample appraiser comments: “I am capable of determining the adjustments without any software.

Tools 64

Tools Appraisal Renovations Design 64

Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Appraisal Law Development Valuation 309

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. But what offer will the seller accept $400,000.

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?

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Appraisal Contracts Market Value Clients 103

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

Appraisal 418

Appraisal Market Value Contracts Agents 418

Appraiserblogs

FEBRUARY 16, 2024

The lender and the AMC could have applied that veto to the sales agents, using the appraisal as proof positive that the agents derailed this deal. Clearly off the page in relationship to existing market value indicators. Related Posts: A Low Appraisal is Now a Bad Appraisal A low appraisal is now a bad appraisal.

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Agents Market Value Appraisal Contracts 108

Appraiserblogs

OCTOBER 27, 2023

The real scourge of what’s been happening to appraisers for the past 5 years (yes, it started prior to the last election) has been revealed by Mr. Isaac Peck, in this article. Yes, it’s a ‘sales promotion’ but it contains critical information appraisers need to know about. Racial Bias in Real Estate: Is it the Appraisers’ Fault?

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Appraisal Real Estate Agents Contracts 127

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

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

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.

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Agents Appraisal Real Estate Agent Bracketing 86

Appraisal Today

JANUARY 19, 2024

The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Members of the Lupertazzi Crime Family rough up an appraiser who is involved with Tony’s HUD scam. I will never forget “I’m only the appraiser!” Therefore, the appraisal industry must begin to push back.

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

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

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

Will Springer Realtor

OCTOBER 19, 2021

Not all home appraisals – and those who conduct them – are created equal. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). (No

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

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

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

Appraisal 263

Appraisal Market Value Contracts Agents 263

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. A real estate appraisal is a process of determining the market value of a property.

Real Estate 83

Real Estate Appraisal Marketing Market Value 83

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. How Do I Get Ready for the Appraisal on My House?

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Appraisal HOA Easement Valuation 126

Cleveland Appraisal Blog

MARCH 25, 2023

And thank you dear reader for visiting the Cleveland Appraisal Blog! I’m excited to see some of these trends in the properties I appraise this year. You can also listen right here at Cleveland Appraisal Blog! www.homevaluestories.libsyn.com I am a member of the National Association of Appraisers.

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Supply Chain Renovations Appraisal Market Value 280

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 post is long.

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Appraisal Design Contracts Inspection 72

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.”

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Real Estate Agent Real Estate Agents Appraisal 97

Hank Miller Team

DECEMBER 14, 2022

Someone certain to be on the radar of all is the appraiser; sometimes an ally, sometimes an enemy. Home Sellers & Appraisers When an owner decides to list, their first move to solicit a real estate agent. Blame the market, not that the home was overpriced. The appraiser’s word is final, the agent needs to get it done.

Appraisal 52

Appraisal Real Estate Agent Contracts Agents 52

McKissock

JULY 27, 2021

As a real estate appraiser, you’ve likely encountered assignments in which the purchase price is not supported by the available comps. To find out, we asked appraisers, “What’s your top tip for defending your work when the appraised value comes in under sales price? ” Here’s what they said.

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Appraisal Contracts Clients Marketing 109

Appraisal Today

NOVEMBER 25, 2022

More Crazy Appraisal Stories! Excerpt: Restraining Orders & Appraisals – Never a Great Mix. The majority of my appraisal work is on divorces and estates, both of which have their fair share of crazy stories. I was appraising a home for a divorce several years ago. Many thanks to Appraisal Buzz for the image above.

Appraisal 52

Appraisal Market Value Contracts Finance 52

Realtor

MAY 17, 2023

While it’s certainly true that you can let go of the anxiety of needing to show your home at any moment, you still need to cooperate with your buyer, the buyer’s agent, and the commitments made in the contract. Another important step prior to closing on a house is the appraisal.

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Sellers Inspection Contracts Property Taxes 142

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?

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Appraisal Inspection Appraisal Process Real Estate Agent 90

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

George Dell

AUGUST 25, 2021

“Appraisal is market analysis!” Freddie Mac Chief Appraiser Scott Reuter recently noted pervasive market analysis deficiencies in appraisal opinions. Specifically, discrepancies from actual contract prices. is the title of a 1975 journal article by Richard Ratcliff, MAI.

Marketing 195

Marketing Contracts Appraisal Market Value 195

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.

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Appraisal Real Estate Clients Agents 120

Clear Capital

MARCH 24, 2023

Written by Kenon Chen When you google “ appraisal gap” — and I just did — a long list of search results appear. What I did see were links to lender websites almost apologetically explaining what an appraisal gap is to their customers and willing them not to panic if it happens to them.

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Appraisal Contracts Market Value Valuation 36

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

Appraisal Today

APRIL 14, 2023

Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. In my MLS “contractor special” is often used.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Town & Country Residential Appraisals

JUNE 26, 2023

When it comes to appraising homes for buyers using VA-backed financing, the Tidewater process plays a crucial role in determining fair market value. What is the Tidewater process and what is its significance in VA-backed home appraisals? Its purpose is to protect the interests of veterans and ensure fair market value.

Appraisal 36

Appraisal Market Value Buyers Sellers 36

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” Appraisers – check the water source! Hybrid appraisal survey ).

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Appraisal Contracts Real Estate Mortgage 52