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Valuing Complex and Unusual Properties: Guidance for Investors and Lenders

Boston Appraisal

Here are some key considerations when assessing complex and uncommon properties: Look Beyond Superficial Uniqueness Some characteristics like unusual architecture may not impact value. Identify the underlying value drivers.

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USPAP Myths for Appraisers

Appraisal Today

You’ll learn key ways to work on eliminating bias and reduce your legal risk. You’ll also learn why “cultural competency” knowledge and skills are truly important for appraisers – you’ll see how a lack of cultural competency has led appraisers into legal quagmires. Legal topics are very popular with appraisers.

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OK to average adjusted comps on appraisals?

Appraisal Today

bath home was designed by local architect Rich Young. The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”… With only one owner, the.47-acre

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Fannie Mae Issues ANSI Guidance on Condos and More

McKissock

the ANSI standard must be followed (if legally permissible – see the Annex to the ANSI standard, page 4, for more information) for houses with detached or attached architectural design including townhouses, rowhouses, and other side-by side houses. Irrespective of ownership type (Condominium, Co-op, Fee Simple, etc.),

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8 Home Appraisal Cost Factors in BC: What You Need to Know

D Fritz Appraisals

A home appraisal is a legal document that determines fair market value for a property. Appraisals are not only important for the house-buying process, but they are also used for financial loans, property tax appeals and some legal processes. Does the land have subdivision potential or is the home designated a heritage property?

Appraisal 103
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

There is administrative time involved, as well as legal factors. If it appears to a VA appraiser that the appraised value of a property is going to come in below the pending sales price, the appraiser must contact the designated point of contact (POC) party that is specified in the appraisal order. First, the burden on borrowers.

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How to Identify a Residential Complex Property

McKissock

Architectural design. Atypical properties include: Dome houses or other homes with very different or unique architectural styles. the owner of a property—the grantor—transfers the legal ownership and use of the property to be used by another person for the life of that person). Unique custom features. Converted barns.