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USPAP Myths for Appraisers

Appraisal Today

Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Excerpts: 4 Bedrooms, 4.5

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Lenders Not Using AMCs for Appraisals

Appraisal Today

The architectural marvel, known as the Rotating Home, sits high on Mount Helix. Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. It began with a summary of the definitions of highest and best use versus the definition of market value.

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Appraising Historical Homes

Appraisal Today

The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics. This comparative market analysis extends beyond standard parameters like size and location to include age, architectural style, and historical significance. baths, 2,973 sq.ft.,

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Appliances for FHA appraisals

Appraisal Today

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1 Acre lot, built 1929 2551 S.

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FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

The modern kitchen features wide-board pine floors and lots of windows to soak in the natural light. Excerpts: The owners of an architectural marvel in New Marlborough, MA, are hoping to reel in $15.5 = 10 homes built between 1682 and 1780 The oldest home (Photo above) 1. Enjoy scenic vistas from the front porch or back decks.

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

The 11-story, triangular building is an architectural marvel, with seven floors added to the four that sat on 1 st Avenue South since 1903 and was home to Johnson Plumbing Supply Co. This includes an appraisal contingency to virtually guarantee the purchase is at market value. Absolutely! One of a kind ! List: $5.2M ($901/sq.