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Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. What Does Arm’s Length Mean in Real Estate?

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Is Now the Right Time to Sell Your Home in Texas? An In-Depth Analysis

Listing Spark

The Texas real estate market, like the rest of the nation, is evolving. While market dynamics have indeed changed, key indicators suggest that it’s still an excellent time to sell. “The housing market has tilted sharply in favor of sellers amid increasing demand and ongoing low housing inventory.”

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The End of Lender Appraisals?

Appraisal Today

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. It would be hard to make this up.

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New 2024 USPAP Q&As

Appraisal Today

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. The ’90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. To read these new Q&As Click Here.

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2024 USPAP For Appraisers

Appraisal Today

The ASB will continue to review USPAP for changes when necessary but will shift much of its focus to providing more guidance to the marketplace. It was my favorite class as we could focus on issues in our current market. This year, for the first time, you can purchase just the book of USPAP standards for $35.

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NAR Appraiser Survey July, 2023

Appraisal Today

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. This is up sharply from 27 percent last year.

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Appraisers and Property Data Collectors

Appraisal Today

Both Fannie Mae and Freddie Mac require that PDCs must be professionally trained and vetted. They must adhere to Fannie Mae or Freddie Mac’s property data standards which set forth the minimum requirements for collection of the subject property data. But in actuality, it may offer some significant upsides for appraisers.