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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 ideal is to compare areas with similar prices, but even if the price point is a bit different, it can be valuable to see what is happening in a different nearby neighborhood. Let’s talk about this.
Appraisal Today
APRIL 5, 2024
Public record updates at its own pace. To read more, Click Here My comments: The article also discusses bias. To read more, Click Here My comments: The article also discusses bias. My office and home garage are filled up with paper files! We’ve all also heard ad nauseum that USPAP is a minimum standard. Systems fail.
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Appraisal Today
MARCH 15, 2024
NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = What if there are few rural areas near you? It is not hard to learn the valuation factors.
Appraisal Today
DECEMBER 22, 2023
While we provide more detailed illustrations below, a simple example would be a 5,000 square foot luxury home built in a neighborhood comprised of two and three-bedroom mid-century ranch homes. Have you ever driven closer and closer to your subject and noticed that the homes are much smaller or have standard designs?
Appraisal Today
MAY 5, 2023
To read more plus appraiser comments, click here My comments: Read this article! NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc.
Appraisal Today
JUNE 17, 2022
My comments: An appraiser lost a lawsuit because he said the vacant parcel had public water access. It was shared by four nearby homes. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==.
Appraisal Today
FEBRUARY 17, 2023
I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes. We have done a very poor job of telling the general public what we do and that we are are objective and unbiased. Of course, most people confuse real estate agents with appraisers.
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