Diving into Market Value in 2022

Appraisal Buzz

In today’s Buzzcast, we dive into market value and how appraisers are moving forward in the new year. and Michael Perry, CEO of Perry Appraisal Services. We’ll be getting the inside scoop while they discuss market value and this upcoming year in the industry.

Is Market Value Itself Biased?

George Dell

Could the very definition of market value hold bias? The post Is Market Value Itself Biased? Appraiser Bias Series Critical Thinking Market Value market valueLet’s look. First, we need to figure out what types of bias there might be.

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How Appraisers are Handling Market Value

Appraisal Buzz

In today’s Buzzcast, we dive into the hot button issue of how appraisers are handling this market. How has this new market been different than what is considered “normal?” In what ways are appraisers reacting?

Is Market Value Obvious?

George Dell

We compared price versus value in Part I. There, the leading paragraph defines “market value” as per USPAP Advisory Opinion 22.) The Appraisal Foundation opinion goes on for a full page to explain the explanation of the definition, and the importance of […].

Market Value – What to Expect in 2022

Appraisal Buzz

In today’s Buzzcast, we dive into market value and how appraisers are moving forward in the new year. and Michael Perry, CEO of Perry Appraisal Services. We’ll be getting the inside scoop while they discuss market value and this upcoming year in the industry.

Market Value Vs. Sales Price with Nikki Smith

Appraisal Buzz

In today’s Buzzcast, we dive into market value versus sales price and how today’s wild market should be something all appraisers need to be up-to-date on. They delve into a deep discussion regarding the two and how they impact where we are today in the market.

What is the Market in ‘Market Value’?

George Dell

Everyone knows what’s a market — (or do they)? Market Value is the ultimate goal of appraisals, of AVMs, of evaluations, of BPOs, hybrids, exceptions, and all forms of opinions (everyone has one). So, market value must be based on “the market”!

Market Value: Who Says What It Is?

Appraisal Buzz

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. On the way he needed to drop off an appraisal report to a lender client.

Market Value Vs. Sales Price with Nikki Smith

Appraisal Buzz

In today’s Buzzcast, we dive into market value versus sales price and how today’s wild market should be something all appraisers need to be up-to-date on. They delve into a deep discussion regarding the two and how they impact where we are today in the market.

Who Needs Appraiser’s When One Has Cash?

Cleveland Appraisal Blog

Who needs an appraiser when one has cash? I must admit, in the past year, there have been times when I have felt like many buyers don’t really care about value anymore. There is a lot of information that an appraisal can provide, which can be helpful to lenders and homeowners.

Appraisal Value vs. Market Value: What is the Difference?

Mashvisor

Whether you’re selling or buying an investment property, its appraisal value vs. market value is something you’re bound to wonder about.

Can You Measure Market Velocity?

George Dell

Appraisal is market analysis!” Freddie Mac Chief Appraiser Scott Reuter recently noted pervasive market analysis deficiencies in appraisal opinions. The post Can You Measure Market Velocity? is the title of a 1975 journal article by Richard Ratcliff, MAI.

The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

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.

3 Ways Agents Can Help Appraisers to Be More Accurate

Cleveland Appraisal Blog

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. Is My Home Appraisal Confidential?

Agents 358

The Loan Officer’s Guide to Appraisals, Part 1:  The Final Inspection

Riverfront Appraisals

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. Hey friends!

The Challenges of Appraising Multifamily Properties

Appraisal Buzz

When you calculate a house’s worth, you think about how numerous factors position the property in the current market. This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested.

4 Uncontrollable Factors that Can Affect Home Appraisals

Appraiserblogs

…some uncontrollable factors that come into play when determining the value of residential property… There are many factors that can affect the valuation of a residential property. Appraisers... Related Posts: Why is Only One Side of This Story Being Told?

Appraisal bias: Education is the first step

Housing Wire

Understanding the market value of collateral is a key fundamental component of safe and sound lending. This is accomplished through obtaining an appraisal. . Bias has no place in an appraisal, and the industry is focused on engaging and acting.

New Suspicious Law in CA

Appraiserblogs

…any suspicion of a discriminatory appraisal by the holder of a real estate appraiser license… Folks in the Golden State, here’s something you’d better keep a very keen eyeball on: Appraiser Discrimination – AB 948 (Holden) Signed by Gov.

Law 97

Will AI solve the problem of appraisal bias?

Housing Wire

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth.

Promoting Public Trust Part 11:  Competency 

Riverfront Appraisals

Competency is a big part of the appraisal world and is one of the keys […]. The post Promoting Public Trust Part 11: Competency appeared first on Riverfront Appraisals. Competency, as defined by the Google Dictionary, is “the ability to do something successfully or efficiently.”

REDFIN How Dare You!

Appraiserblogs

Pay attention to the statements “after adjusting” for all... Related Posts: Racial Bias by Appraisers Is Uncommon & Not Systemic Intentional and unintentional racial bias by appraisers on refinance loans is uncommon and not systemic. appeared on Appraisers Blogs.

FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. For example, appraisal turn time has swelled 65% from 2018, according to recent data published by Freddie Mac. Appraiser shortage.

When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

Like most aspects of an appraisal, things seem easy. Last week, a real estate agent asked me about how appraisers adjust for age. There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in.

UT West Campus Condos Market Values

Texas Home Appraisal Blog

The area known as West Campus near University of Texas is a hot spot for condos sales and rentals due to the obvious transient nature of the market area. The post UT West Campus Condos Market Values appeared first on Austin Home Appraisal Team.

How Do Sales Concessions Affect Market Value?

Texas Home Appraisal Blog

Concessions listed on comparable sales are an important factor that an appraiser needs to weigh when performing an appraisal. Depending on the amount of the concession, and what is typical within the market area, they can have a drastic impact on the adjusted value.

What About Those Fixer-Uppers? Insights from a Seasoned Appraiser

Appraisal Buzz

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. Insights from a Seasoned Appraiser appeared first on Appraisal Buzz.

Other Reasons to Get an Appraisal

Aspen Appraisal Group

An essential aspect of selling or buying a home is the appraisal. An appraisal on a home is an unbiased evaluation of what the property is worth. This often happens when the value of the home as changed over the time of your ownership. Before putting your home on the market.

New Podcast! Owensboro Real Estate Update

Riverfront Appraisals

Have you ever wondered what’s going on in your neighborhood’s real estate market? The Riverfront Appraisals team is excited to introduce to you a new podcast we’re launching this year, the Owensboro Real Estate Update!

Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Let’s explore how solar panels and other green features add value to real property.

Zillow Zinged

Cleveland Appraisal Blog

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. They are excellent at marketing. My opinion of value – $345,000.

Boston, Massachusetts Real Estate Market Analysis

Boston Appraisal

No one has a crystal ball, and there are countless factors that can affect property values. However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market.

Exposure Time Vs. Marketing Time: Helpful Info for Appraisers

Appraisal Buzz

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.

What Is A Home Appraisal?

DataMaster

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. The market was hot and homes were selling for $10 to $20 thousand more than the asking price.

When a parent, spouse or loved one dies – what do you need to know or do about the house?

San Jose Real Estate

Death Sale Type Selling Tips appraisal capital gains condo CPA death estate taxes home selling home selling tips house lawyer market value sell a home sell as is Seller Tips sellers tips silicon valley Silicon Valley real estate tax liability tax professional taxes townhouse valuation

3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

If you decide to take advantage of these all-time low rates, your lender will most likely order an appraisal. What happens if the new appraisal is less than original one? Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low.

Skepticism Can Lead to Poor Decisions

Cleveland Appraisal Blog

If you’re an appraiser, like I am, the nature of our work can at times cause us to become skeptical. But, it happens enough that it can create a little skepticism in the minds of an appraiser. The truth is, appraisers, do need to have a healthy dose of skepticism.

28,000 Reasons to Have Your Home Measured Before You List It

Cleveland Appraisal Blog

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.

What an Appraisal Report is Really Telling You

Boston Appraisal

Receiving a copy of a residential real estate appraisal report can be a little intimidating. That appraisal report you are holding tells you so much more than a simple property value. It is called the Uniform Residential Appraisal Report (URAR).

What’s Your View?

Cleveland Appraisal Blog

And, of course, we appraisers have our views of what a home is worth. . In the current market, those views may be light-years apart. Those experiences build emotional value in the home. People who are in the market to purchase a home, may have different motivations for doing so.