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Race and the Property Valuation Industry

Appraisal Buzz

The first appraiser could have been incompetent, resulting in a lower value estimate for the couple’s property. The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. However, the husband and wife in this article are not valuation professionals. The answer….

Valuation 370
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Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns

Appraiserblogs

In a recent discussion within the comments section of an article titled ‘The Censorship of Appraisers,’ appraiser Spencer Paul shared a concerning statement from an underwriter about an adjustment made by Fannie Mae’s Collateral Underwriter tool. Related Posts: The One-Mile Rule: Prudent Policy or Modern Day Redlining?

Tools 132
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Cost Approach in Fifteen Minutes or Less

Appraisal Buzz

This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) Know what average home values are in your area. (2)

Valuation 370
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AVM’s & Punxsutawney Phil’s Accuracy

Cleveland Appraisal Blog

In the article, “How accurate is Punxsutawney Phil?”, According to an article in ctpost.com , “Most of the year, male and female groundhogs are solitary and antagonistic against each other. Though, sadly some still view these types of value outputs as reliable. I know it’s just for fun. .

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Non-Arms Length Sales for Appraisers

Appraisal Today

The One-Mile Rule: Prudent Policy or Modern Day Redlining? Moreover, the increasing correlation between home values and neighborhood racial composition highlights how technological tools, intended to streamline processes and improve accuracy, can inadvertently exacerbate discriminatory practices. By Dallas T.

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What is Your Appraiser Level? Why Does It Make a Difference?

Appraisal Today

The real estate appraisers of old used to network more, market their services, and sell themselves more than today’s modern appraiser,” remarks Mark Skapinetz, an independent real estate appraiser in Georgia who operates a 100 percent non-lender appraisal firm. They also fail to note the size of these under-valuations. Budget cuts.

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How to Find Comps With Few Sales

Appraisal Today

The first time physically going through the home was really breathtaking,” he says. Resembling a modern French Chteau, it features a freshwater lake, manicured gardens, and three levels of luxurious living spaces. I wrote an article Why I am an appraiser, in a recent paid monthly newsletter (excerpts below). Very comprehensive.