Cleveland Appraisal Blog

JULY 6, 2022

In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. Choosing to inspect a property or not is a scope of work issue. It took me hours to measure the improvements on the property.

Inspection 369

Inspection Appraisal Technology Clients 369

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

Appraisal 354

Appraisal Market Value Legal Property Appraisal 354

Cleveland Appraisal Blog

JANUARY 19, 2023

” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. AN EXAMPLE Earlier in the year, I appraised a property that was originally built for buyers that do not require electricity. I hope you enjoyed this article!

Appraisal 284

Appraisal Buyers Transportation Real Estate 284

Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. Have a great weekend!

Appraisal 302

Appraisal Real Estate Agent Real Estate Agents 302

McKissock

MARCH 17, 2023

Steps to become a supervisory appraiser Step 1: Meet the requirements Make sure you meet the minimum supervisory appraiser requirements outlined in The Appraisal Foundation’s Real Property Appraiser Qualification Criteria as well as any additional state requirements that may apply.

Appraisal 97

Appraisal Training Property Appraisal Real Property 97

The Robert Weiler Company

APRIL 22, 2023

Also consider accessibility to transportation, proximity to target clients, and employee commute. Will clients visit the site? Consider property insurance (if buying) or rental insurance (if renting). They do the legwork for you and excel at negotiating rental or lease agreements on their clients’ behalf.

Tenants 78

Tenants Real Estate Transportation Clients 78

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? For the purpose of this article, we’ll mostly stick to the word “appraisal.”.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

McKissock

DECEMBER 14, 2021

Property appraisers don’t dictate what 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. On the way he needed to drop off an appraisal report to a lender client.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

McKissock

AUGUST 21, 2020

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client.

Appraisal 92

Appraisal Appraisal Process Clients Development 92

McKissock

MAY 18, 2021

While the appraiser has broad flexibility in the level of detail and manner of disclosing the scope of work in the appraisal report, there must be sufficient information contained in the report for the client and other intended users that rely on the assignment results to understand the scope of work performed.

Appraisal 63

Appraisal Inspection Clients Real Property 63

McKissock

DECEMBER 4, 2020

I feel I can help appraisers write better, more supported reports by sharing my experiences and expertise.” ” “Appraisers who don’t do their ‘homework’ do a disservice to their clients. Experience as a contract review appraiser quickly revealed when appraisal research was lacking. Other (19%).

Appraisal 66

Appraisal Property Appraisal Valuation Luxury Properties 66

McKissock

JANUARY 31, 2023

” “The amount of knowledge, continued education and diligence it truly takes to provide an excellent work product for the property appraisal.” ” Appraisers do not assign value “Appraisers do not dictate a home’s value, the market does.” agents to appraisers and vice versa.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Housing Wire

OCTOBER 10, 2023

It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. Successful agents create effective and accurate CMA reports that help their clients make informed decisions. Sellers would be able to carefully review comparable properties on the market as well as those that have successfully closed.

Marketing 409

Marketing Real Estate Agent Clients Tools 409

McKissock

JULY 29, 2020

These two terms are often used interchangeably by appraisers and clients, but under the GSEs’ new definitions, they are different types of assignments. It is important to note that appraisers should not begin using these forms immediately. Appraisers should continue to use the current URAR form for these assignments.

Modernization 60

Modernization Appraisal Clients Property Appraisal 60

McKissock

AUGUST 11, 2020

In an appraisal assignment or appraisal review assignment, the temptation is there to cut corners in the workfile. This is especially true because as an appraiser you are pulled in many different directions at once, you’re busy, and sometimes you get clients who don’t want to pay you a lot of money.

Appraisal 64

Appraisal Clients Real Estate Law 64

McKissock

JULY 20, 2021

So right from the start, in at least 30 states that license home inspectors, the property inspection you make for the purposes of developing an appraisal should not be confused with a home inspection completed by a home inspector, because you are not licensed as home inspector and you were not hired by the client to complete a home inspection.

Inspection 105

Inspection Appraisal Construction Clients 105

McKissock

SEPTEMBER 28, 2021

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?”

Appraisal 85

Appraisal Property Appraisal Loan Officers Clients 85

AmeriMac

JULY 25, 2022

This is why home appraisals are advised to ensure property costing is as fair as possible. This article discusses what an appraisal requires, why it needs to be reviewed and the methods involved in arriving at both conclusions. What Is an Appraisal? What Is Appraisal Review? Reinforces Clients’ Confidence.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

McKissock

DECEMBER 8, 2020

Many appraisers are self-employed or own their own business. If you are driven to get your work done accurately and efficiently, seek out new clients, and continually grow and maintain your business, you’ll likely succeed. That sense of curiosity will come in handy in your work as a property appraiser.

Real Estate 82

Real Estate Appraisal Tools Technology 82

McKissock

JANUARY 14, 2022

I phoned to notify my local lender client of the problem. The client said that it couldn’t be that bad, to which I said to come check it out yourself. My client never got past the foyer, cancelled the assignment, and denied the loan. Free Download: Ready to launch your appraisal career?

Appraisal 77

Appraisal Tenants Inspection Market Value 77

Boston Appraisal

OCTOBER 27, 2023

In order to ensure a fair and equitable distribution of assets, it is essential to obtain a professional, and accurate property appraisal in a divorce case. Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date.

Appraisal 78

Appraisal Property Appraisal Legal Inspection 78

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. I have been writing these annual articles for many years. To read more about this topic, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. Or hit the reply button. McKissock Survey. 10 acre site.

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Appraisal Agents Real Estate Real Estate Agent 79

Appraisal Today

SEPTEMBER 22, 2023

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. Only appraisers do the appraisals. They included appraisers, real estate agents, and someone with a week, a month, or online video training. Most residential appraisers back then were trained by lender supervisors.

Appraisal 85

Appraisal Training Inspection Real Estate 85

McKissock

SEPTEMBER 10, 2020

If you haven’t appraised the property type in the past, it’s inadvisable to proceed without finding a consulting partner who has experience in appraising the special purpose property. Value in use requires considering the business as a going concern.

Appraisal 54

Appraisal Valuation Real Estate Design 54

The Robert Weiler Company

SEPTEMBER 16, 2021

The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Consider the client who is purchasing commercial property for sale.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

Appraisal Today

DECEMBER 8, 2023

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?”… ”… Question 2: does the lending industry owe the appraiser a living?

Appraisal 66

Appraisal Real Estate Contracts Design 66

McKissock

NOVEMBER 3, 2020

Then you can bring on new clients; you’ll have sufficient staff for higher-volume periods—and, while you’re training the new people, you’re revisiting the basics and refreshing your own skills. In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria.

Appraisal 75

Appraisal Training Business Property Appraisal 75

Appraisal Today

APRIL 14, 2023

Like Goldilocks, appraisers are finding lumpy and watery porridge in search of porridge (Comparable sales) that are “just right” Market conditions, then, require the appraiser to place more emphasis on the adjustment process as more comparable sales differ in material ways from the property being appraised.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Appraisal Today

JUNE 23, 2023

By collaborating with appraisers, accountants can provide clients with comprehensive financial guidance, ensure compliance with legal and tax requirements, and strengthen their overall professional services. To read more, click here My comments: I had never thought of some of these ways appraisers can help accountants!

Appraisal 85

Appraisal Real Estate Valuation Contracts 85

McKissock

AUGUST 13, 2021

For a typical “as-is” Market Value assignment with a straightforward contract with no contingencies or conditions, there is probably nothing that an appraiser actually needs to see. If a property appraises for $200,000 for a refinance, then it is still a $200,000 property for a sale transaction.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., population, news articles, economic data, internet searches, etc.) population, news articles, economic data, internet searches, etc.)

Appraisal 87

Appraisal Appraisal Process Property Appraisal Real Property 87

Boston Appraisal

APRIL 18, 2024

However, appraising such complex properties presents unique challenges and opportunities for real estate professionals. This article explores the intricate landscape of mixed-use development appraisal, providing insights into the difficulties faced and the potential benefits realized through this multidimensional process.

Development 78

Development Appraisal Valuation Retail 78

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.” I have included some of the articles below.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

DataMaster

JUNE 2, 2023

We know it’s frustrating, you know it’s frustrating, your client probably even knows it’s frustrating. At the most basic level, try to speak to the client as you would if you were face to face. Be Thorough and Clear in Your Response If there’s anything you take away from this article, let it be this: Communicate clearly.

Reconsideration of Value 145

Reconsideration of Value Valuation Clients Legal 145

McKissock

DECEMBER 28, 2021

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. Article written by Joseph Dobrian.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

DataMaster

JUNE 2, 2023

We know it’s frustrating, you know it’s frustrating, your client probably even knows it’s frustrating. At the most basic level, try to speak to the client as you would if you were face to face. Be Thorough and Clear in Your Response If there’s anything you take away from this article, let it be this: Communicate clearly.

Reconsideration of Value 78

Reconsideration of Value Valuation Clients Legal 78

Appraisal Today

APRIL 28, 2023

Call the client and have them re-assign the order? First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. The article is worth reading. Setting client expectations is a critical first step in any real estate appraisal assignment.

Appraisal 52

Appraisal Real Estate Business Contracts 52