Housing Wire

AUGUST 22, 2023

On June 1 , six federal agencies requested comments from the public on a rule designed to ensure the credibility and integrity of models used in real estate valuations. The agencies intend to tackle two challenges evident during the Covid-years refi boom: higher costs due to appraiser shortages and concerns regarding bias in home valuations.

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Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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Appraisal Inspection Appraisal Process Valuation 135

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.

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Appraisal Contracts Legal Business 75

McKissock

MAY 15, 2023

Thinking about starting an appraisal business? If you’re already a fully licensed and accredited real estate appraiser, chances are you have already been working with a more experienced appraiser. Depending on circumstances, the costs of starting an appraisal business can range from fairly high to very low.

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Business Appraisal Advertising Real Estate 71

McKissock

SEPTEMBER 21, 2021

In our litigious society, real estate appraisers are increasingly vulnerable to many kinds of liability. Luckily, there are steps you can take to limit your legal liability and keep yourself and your business protected. Join us on Wednesday, October 13th for this one-hour, non-credit webinar on appraisal engagement letters.

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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.

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Appraisal Agents Valuation Real Estate 71

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.

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Appraisal Inspection Property Taxes Easement 105

Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

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Appraisal Real Estate Valuation Contracts 86

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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Appraisal Inspection Appraisal Process Valuation 78

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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Appraisal Inspection Appraisal Process Valuation 78

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. In this blog, we will delve into the world of relocation appraisals and explore their importance in the relocation industry.

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Appraisal Market Value Mortgage Appraisal Appraisal Process 36

Cleveland Appraisal Blog

AUGUST 25, 2022

Today, Cleveland Appraisal Blog shares a few tips for first-time investors. This should include repairing any structural damage or major systems before you think about design. When you run a business, and owning rental property is a business , you’re almost always better off forming a legal business structure. Let us know !

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Birmingham Appraisal

JUNE 9, 2022

What is a Probate Appraisal? You may have heard the term before but may still be asking yourself “what is probate and what is a probate appraisal?” ” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. The date the owner died.

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Appraisal Legal Real Estate Design 52

Appraisal Today

DECEMBER 8, 2023

OK to average adjusted comps on appraisal? Basic Appraisal, but not all appraisers know about this, especially if they “appraise to fit the form” aka form fillers. Worth reading, plus the appraiser comments. bath home was designed by local architect Rich Young. Click here = Appraisers vs. Lenders.

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Appraisal Real Estate Contracts Design 67

Birmingham Appraisal

NOVEMBER 8, 2022

What Information Is Included In A Real Estate Appraisal Report? This is a question I often get when someone is ordering an appraisal. I perform appraisals for multiple reasons, including estate planning , probate , divorce , PMI cancellation , pre-listing , and pre-purchase. Appraisal Process.

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Real Estate Appraisal Appraisal Process Construction 84

Housing Wire

FEBRUARY 12, 2024

In business for close to two decades, The CE Shop offers real estate exam prep, continuing education, and broker licensing courses, plus programs for prospective mortgage and appraisal professionals. The CE Shop also provides licensing and qualifying courses for mortgage and appraisal professionals. The Leap 2.0

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Boston Appraisal

JULY 27, 2023

However, you may encounter distinctive homes and buildings that present appraisal challenges due to their unconventional attributes. Focus instead on features that affect utility, desirability and marketability – such as functional obsolescence, legal restrictions, environmental issues or external neighborhood factors.

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Investors Valuation Architecture Appraisal 78

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.

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Appraisal Training Lending Land Management 74

Appraisal Today

APRIL 14, 2023

Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. The rest of the post is a very good case study To read more, click here My comments: I have appraised many fixer-uppers.

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Appraiserblogs

NOVEMBER 4, 2021

Because ASB doesn’t have policy writers nor does legal counsel review their work, we get a lot of garbage embedded into the document. This garbage in/out process is by design. Folks, attached is the 1st Exposure Draft of… The post USPAP Definitions of ‘His’ and ‘Her’ appeared on Appraisers Blogs.

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Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Fannie sells their loans to investors.

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Real Quantum

SEPTEMBER 25, 2021

Maximize the Value of Your Appraisal Firm, an Interview with Peter Christensen of Valuation Legal. Eventually, every commercial real estate appraisal firm owner will decide it is time to sell the business. Reasons people sell their appraisal firms. How to maximize the value of your appraisal firm. Valuation Legal.

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Appraisal Legal Valuation Client Relationships 36

The Robert Weiler Company

SEPTEMBER 30, 2020

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Fortunately, we do not conduct commercial real estate appraisals on social media! A public project is being conducted.

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Real Estate Appraisal Property Appraisal Valuation 137

Boston Appraisal

MAY 27, 2019

Not only are they grieving, but they must also take care of the legal obligations and paperwork necessary to settle the deceased’s estate. In any case, the most reliable way to find out the fair market value of a home is to order an estate appraisal, also known as a time-of-death appraisal or probate appraisal.

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Appraisal Real Estate Valuation Market Value 78

Appraisal Today

APRIL 1, 2023

Appraiser Gets Subpoena – What to Do Excerpts: As an appraiser, you don’t have to be sued or be facing a lawsuit to find yourself on the receiving end of a subpoena—staring down a lawyer who is peppering you with questions. This is specifically for appraisers. I get calls occasionally from appraisers about this.

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East Coast Appraisal

JUNE 10, 2022

Lenders will usually require an appraisal to determine the value of the property before approving a mortgage loan. The appraisal process typically goes smoothly, but rapidly increasing property values and extreme competition within the real estate market have complicated the appraisal process in recent years.

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Appraisal Today

AUGUST 26, 2022

Excerpt: We often receive questions from appraisers regarding Fannie Mae and the cost approach. For example: “I’m appraising a property and have been instructed to comply with Fannie Mae guidelines. My comment: I included this article plus the one below, which both address the Cost Approach’s common appraisal questions.

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Cleveland Appraisal Blog

MARCH 15, 2023

To make the process go as smoothly as possible, start by focusing on the important steps, like downsizing, gathering important legal records, organizing medical information, preparing for a move, and any needed storage. Legal Documents Moving to a senior living community requires legal documents to ensure your health, safety, and well-being.

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Legal Transportation Appraisal Design 52

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

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Real Estate Appraisal Property Appraisal Valuation 60

Real Quantum

FEBRUARY 24, 2021

Why 2021 is a Good Time to Start an Appraisal Business and How to Do It. I nterested in starting a commercial real estate appraisal business this year? The Real Estate Industry and Appraisal Services. As all commercial appraisers know, commercial real estate took a massive hit from the effects of the pandemic.

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Business Appraisal Legal Real Estate 38

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. This is the designated date for the official title transfer (i.e., Appraisal Contingency. Property Identification. Purchase Price. Transfer of Ownership. Signatures.

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Contracts Real Estate Property Taxes Legal 36

McKissock

NOVEMBER 17, 2020

Earlier this year, we asked our real estate appraisal community, “What’s the ONE thing that is most often overlooked by appraisers?” ” Highest and Best Use is the reasonable, probable, and legal use of vacant land or an improved property. Legally permissible. Free Download: Looking to upgrade your appraisal license?

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Easement Legal Local Properties Construction 59

Appraisal Today

MAY 10, 2024

Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. Within this framework, the lender must include steps for the borrower to appeal an appraisal when they believe the value opinion: is unsupported; is deficient due to unacceptable appraisal practices; or reflects discriminatory practices.

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Reconsideration of Value Appraisal Real Estate Insurance 70

Appraisal Buzz

SEPTEMBER 26, 2022

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.” Let’s pretend that these loans are not highly leveraged investments (not legal in stocks or other markets). They all liked value.

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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.

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Appraisal Property Taxes Real Estate Market Value 145

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. For many years I appraised in the nearby city of Berkeley, CA. Worth reading. A good summary. No effect on value.

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Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). My comments: Read this blog post with practical tips from practicing appraisers.

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