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Pros and Cons of Complex Property Appraisal: Insights from a Florida Appraiser

McKissock

In my previous blog post , I observed that specializing in complex property appraisal can be very profitable for the residential appraiser—in Florida and all across the U.S. Interested in complex property appraisal? More examples of complex property appraisal assignments. Market to non-lender clients.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

In this article, I’ll share the steps, what to include, what not to includes, and how to assemble a CMA report that’ll impress your clients. For buyers , it can help them determine if the property they’re interested in is priced correctly and if it is a sound purchase. CMA reports are simple and effective tools.

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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

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. Cost of construction and materials. Floor plans. Don’t Be Seduced!”

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How to Identify a Residential Complex Property

McKissock

Some of the key physical features that can make an appraisal assignment complex include: Size (significantly larger or smaller than typical for market). Quality of workmanship or construction (higher or lower than the norm). Mixed-use property (for example, it was used as both a business and residence). Unique custom features.

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Housing Market Predictions for 2022 and Other Appraisal News

McKissock

” Read the full forecast to learn about Redfin’s predictions regarding mortgage rates, supply and demand, new construction, home price growth, and more. The article notes that big cities, like New York and Los Angeles, may lag smaller ones, like Boise and Salt Lake City, in 2022. The 10 top housing markets of 2022.

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Property Values Continue to Rise, Refinance Apps Fall to 22-Month Low, and Other Appraisal News

McKissock

The article cites the pandemic, as well as shortages of lumber, construction materials, and skilled labor as reasons for why residential property values continue to increase. Appraisal webinars: Get up to speed on hot topics in the appraisal industry with our Pro-Series webinars. View the schedule.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. Appraisers will have to understand how to communicate assumptions and limiting conditions.