Appraisal Today

OCTOBER 27, 2023

However, you may encounter some strange—or even spooky—properties from time to time. The AMC rep wanted to know if I could simply hit the nest with a can of wasp spray! To read more, click here My comments: We have all encountered strange homes. I worked for an assessor’s office for 5 years in my first appraisal job.

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Appraisal Today

APRIL 5, 2024

That minimum standard is all well and fine until one day many months later, when an enforcement agency demands that the appraiser produce that information, usually on a tight timeline, and the information is no longer available or the source now shows different information than what was available at the time of the assignment. Systems fail.

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Appraisal Today

FEBRUARY 23, 2024

GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed.

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Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Look at this lull as a time of opportunity. A time to finally work on and execute a plan for your business.

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McKissock

NOVEMBER 4, 2020

Is your real estate website doing all it can to increase the number of visitors you have? Here are five things you can work on now to improve search engine optimization (SEO) and your real estate website traffic. The statistics are in, and they show that homebuyers are searching for real estate on mobile devices.

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Appraisal Today

APRIL 7, 2023

The Mailbox is Full and Cannot Accept Any Messages at this Time. How to Manage Your Emails By Paul Ryll Excerpts: My mother told me today that she called last night and was greeted with, ‘The mailbox is full and cannot accept any messages at this time. Very good tips in the article. I get a few telemarketers’ messages.

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Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

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Appraisal Today

SEPTEMBER 22, 2023

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. An AMC can offer different levels to their clients, depending on how much reliability their lender customers want or need. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing.

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Appraisal Today

AUGUST 4, 2023

The End of Home Appraisals? As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers, expunging the word “desirable,” will find synonyms when analyzing market reaction to the views of two homes or to the cul-de-sac location of a home versus the midblock location of a comparable.

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Appraisal Today

JULY 7, 2023

2021, was one of the first (and perhaps the most publicized). is one highly publicized lawsuit covered at length by mainstream media–CBS News, The New York Times, NBC, CNN, ABC News, and more. Lanham believed that Plaintiffs did not belong in their neighborhood and that their home was worth less than other homes because of their race.

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Housing Wire

JANUARY 26, 2022

This article is part of our HousingWire 2022 forecast series. The event is exclusively for HW+ members , and you can go here to register. And what if those market conditions drive home prices up to new price peaks at the same time that mortgage rates are rising and inflation is at levels not seen in 40 years?

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Appraisal Today

OCTOBER 7, 2022

Appraisers are significantly more likely than other members to say that the most competent are not being selected most of the time (22 percent vs. nine percent) or at all (16 percent vs. six percent) and much less likely to say they are being selected most of the time (12 percent vs. 23 percent). While agents can “puff” we cannot!

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Appraisal Today

JANUARY 13, 2023

Also my daughter’s boyfriend, a West Point graduate, was visiting at the time and he also thought it was odd too. He requested that I inspect the property 1/5/2023 as the inspector would be there at the same time. 1-12-17 Newz.New scam: owners pose as renters, 21 day turn times. Then it dropped 16% to today,” says Endsley.

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Appraisal Today

FEBRUARY 24, 2023

However, she is not bound by it; she can prepare a narrative report if it is needed or preferred. Now is the time to increase your appraisal skill level. NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc.

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Appraisal Today

NOVEMBER 4, 2022

“Make yourself known by being efficient as well as timely with your reports. Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Building homes at a higher elevation will help.

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Appraisal Today

JANUARY 27, 2023

so you can skip over most of it. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. 10 homes built between 1682 and 1780 The oldest home (Photo above) 1. The article source above is the local newspaper Reno Gazette-Journal. effective 9/14/15.

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Housing Wire

OCTOBER 17, 2023

According to the National Association of Realtors (NAR), some 96% of homebuyers use the internet in their home search. You can also offer downloadable lead magnets like your list of preferred appraisers, lenders, handymen or home stagers. Mobile-friendly design: Like many of us, homebuyers are constantly on the go.

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PennyMac

APRIL 2, 2020

It’s one of the largest purchases you’ll ever make, and one that most people will only complete a few times in their entire life. It’s normal to feel intimidated and even confused by the home buying process. Though it’s possible to buy a home with cash, most homebuyers do so with the help of a mortgage.

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Appraisal Today

JUNE 17, 2022

Unfortunately, the well was actually located on an adjacent lot that, at one time, was part of the subject lot prior to the lots being subdivided. It was shared by four nearby homes. I have included some of the articles below. A few examples: Different price ranges – first-time homebuyers, high end.

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Appraisal Today

JANUARY 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc. ’ Home sellers gave concessions to buyers in 41.9% ’ Home sellers gave concessions to buyers in 41.9% of home sales, down from 38.1%

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%. Today, however, the purchase application data is actually down to levels we saw in 2009 ! We see this in the data.

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Appraisal Today

FEBRUARY 3, 2023

Can the Appraisal Profession be Saved? Humor, Zillow, unusual homes, mortgage origination stats, etc. But, with a little creativity, it’s possible to find some places where you can live the ski town life or purchase a vacation home without paying top dollar. I quit doing residential lender appraisals in 2005.

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Appraisal Today

FEBRUARY 10, 2023

Fastapp AMC president, confirm what appraisers have been saying all along, that if you want high-volume AMC work, you have to lower your fees to 1980’s level, have 24 hour turn times, and, above all, be a number hitter. And while it’s a nearly all-glass dwelling, the home is still plenty private.“You Any appraiser can do them.

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Housing Wire

FEBRUARY 3, 2023

This article is part of our 2022 – 2023 Housing Market Update series. The event is exclusively for HW+ members , and you can go here to register. We might only be a few weeks into 2023, but these first weeks have been rich with informative data. Mortgage Rates In January, rates were hovering in the 6% range.

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Housing Wire

APRIL 12, 2021

Kristy Fercho , executive vice president and head of Wells Fargo Home Lending, currently serves as vice chair of the board of the MBA, vice chair of the MBA’s Diversity and Inclusion Advisory Committee, co-chair of the Affordable Housing Council, and a member of its Residential Board of Governors.

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Housing Wire

OCTOBER 29, 2021

This week’s HW+ spotlight features Mark Jones, co-founder and CEO at Amerifirst Home Mortgage. Launching the company as an independent community lender in 1983, Jones has grown Amerifirst Home Mortgage to more than 80 full-service locations and 900 personnel nationwide. The other theme is housing affordability.

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Housing Wire

NOVEMBER 30, 2023

If you’re exploring a real estate career in Akron, Cincinnati, Cleveland, Columbus, Toledo, or any other city in the Buckeye State, then your first step is to choose from the many real estate classes in Ohio to complete the 120 hours of approved pre-licensing education that the state requires.

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Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? To read more, click here My comments: Read this article! Stick to the facts.

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Assurance Financial

SEPTEMBER 28, 2021

While the exact ages of “millennials” can vary from study to study, the millennial generation typically includes people born between 1981 and 1996 , making them around 25-40 years old. Many older millennials are wanting to buy a home if they haven’t already. What Percentage of Millennials Are Buying Homes?

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. Finally, what they are and where they can be built became standardized. Today, they are becoming popular to get extra rentals in markets low on housing.

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Appraisal Today

OCTOBER 6, 2023

This year, for the first time, you can purchase just the book of USPAP standards for $35. Appraisers can now buy one set of USPAP standards and keep that publication on their bookshelf for as long as that edition is effective and purchase just the Guidance and Reference Manual as needed for coursework and updates.

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Appraisal Today

MARCH 3, 2023

Other methods and tools that our survey participants said they use to support appraisal adjustments include: Market knowledge/research Market extraction Manual sales comparison Regression analysis Segmented market analysis To read more, click here My comments: First survey for this topic I have ever seen. Black home values appreciated 42.5%

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Eppraisal

FEBRUARY 1, 2022

Just as home values and prices are increasing across the country, we are also seeing a huge jump in rent prices. Today's Renters The make-up of today's renters is very diverse. Today's Renters The make-up of today's renters is very diverse. The inventory of active listings is down 57.1%

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Appraisal Today

DECEMBER 23, 2022

Of all the characteristics that can make a property complex, physical features are the ones that are most obvious. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. Home type: Single family. Home value (with no comps, not even close to 30!).

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Appraisal Today

OCTOBER 14, 2022

Today, while there still remains some stickiness to the QC revision process, a recent survey completed by The STRATMOR Group commissioned by appraisal management technology company Reggora, indicates 25% of appraisal reports require some form of revision. My comments: Links to Part 1 and 2 are in the first line of the post.

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PennyMac

JANUARY 16, 2022

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? The right fixer-upper can be a great investment and a lot of fun. The right fixer-upper can be a great investment and a lot of fun.

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Appraisal Today

JANUARY 4, 2023

My business has been much more stable as I can shift between them when the appraisal markets change, especially fees. Now is the time to learn all the features in your MLS and forms software, upgrade your skills by taking seminars and classes, and more. Excerpts: Is it time to expand and diversity your appraisal business?

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