Appraisal Today

JULY 7, 2023

2021, was one of the first (and perhaps the most publicized). District Court of Maryland, Connolly and Mott allege that Lanham discriminated against them and violated professional appraisal standards because of his allegedly “racist beliefs” (among other things). To read more, click here My comments: Long article and worth reading.

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Appraisal Today

JULY 21, 2023

The value of a pool for Homes? July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. Homes in different locations and price points tend to have different amenities, and that includes pools. Where I live, very few homes have pools. That’s what we always hear.

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Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. To read more, Click Here My comments: The article also discusses bias. I’ve seen this happen. Systems fail.

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Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. These represent the first changes to USPAP in four years. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft.,

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Housing Wire

DECEMBER 26, 2023

When you buy through our links, we may earn a commission. To find the best Michigan real estate school with expert instruction and valuable study resources, look no further than our Michigan real estate school guide. Vetted by HousingWire | Our editors independently review the products we recommend. out of 5.

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Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies.

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Appraisal Today

JULY 14, 2023

I was hooked the first time I used it! I was surprised to see how few use phone apps. A waterfront estate in Seattle. What tool do you prefer to use when measuring a house? Recent Appraisal Buzz survey Measuring tape – over half Laser – less than half Guesstimate – a few, but way too many! Phone app. – The 8,000+ sq.

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Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate.

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Appraisal Today

AUGUST 26, 2022

Can I use the cost approach as the primary method of valuation?”. My comment: I included this article plus the one below, which both address the Cost Approach’s common appraisal questions. It just means Fannie Mae won’t buy that loan. Depreciation is always iffy when appraising Victorian homes built before 1915.

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Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. Most of my appraisals are for estates, and fixers are relatively common. There are few comps as almost all homes are fixed up for sale. Excerpt: The most coveted pieces of real estate are often found directly on the water.

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Appraisal Today

JANUARY 20, 2023

Chance to really irritate annoying real estate salespeople. 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%

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Appraisal Today

FEBRUARY 3, 2023

I have always been a professional appraiser. 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.

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Appraisal Today

SEPTEMBER 30, 2022

Read this article on how to check CO detectors. A recent case in which a young couple died from carbon monoxide poisoning while they slept highlights the life and death importance of these simple alarms—and brings this issue front and center for the real estate appraiser community as a whole. You may save someone’s life!!

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Appraisal Today

NOVEMBER 10, 2022

NOTE: Please scroll down to read the other topics in this long blog post on barndominiums, liability, declining prices, non-lender marketing, Freddie bad appraisal practices, unusual homes, mortgage origination stats, etc. ==. 5 of the Most Ridiculously Extravagant Homes You Could Have Bought With the $1.9B Powerball Jackpot.

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Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. It involves identifying and connecting with individuals who might be interested in buying or selling property sometime in the future. In this article What is real estate prospecting?

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Chicagoland Appraisal Blog

MARCH 21, 2022

In March, I had the pleasure to join Attorney Peter Olson to talk about family law, divorces and home appraisals. We share insights and learning from our careers on family law and home appraisals during divorces. Peter: I’m buying a home with bank X as my lender, you’re never doing that type of appraisal?

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Appraisal Today

APRIL 28, 2023

First: How do appraisers value any amenity of a property? First: How do appraisers value any amenity of a property? So our first task is to find a property with solar panels that’s similar to the subject. I can almost smell the brake dust.) The article is worth reading. What to do? So far, so good.

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Appraisal Today

OCTOBER 14, 2022

I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Appraisal Risk, Reviews, and Revisions.

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Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. This year, for the first time, you can purchase just the book of USPAP standards for $35. This covers all Definitions, Rules, and Standards.

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Appraisal Today

APRIL 2, 2023

First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” That’s the real reason why—because USPAP says so. What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract?

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Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. These questions help us to start to gauge our current level. Depending on how you were trained, at the beginner level you typically view appraisals as forms — forms with checkboxes to be checked or left blank. You might answer, “Absolutely!” Are your legs shaking?

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Appraisal Today

SEPTEMBER 1, 2023

McKissock Survey Excerpts: As a professional appraiser, you’ll likely encounter some strange properties from time to time. Thank you to the many respondents who shared stories about the most unique and complex properties they’ve come across lately! Lenders and CU/AVMs, like nice newer tract homes. It was a house on three lots.

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Appraisal Today

APRIL 1, 2023

I had completed a complex appraisal assignment and was expecting multiple revision requests, but instead, got a note saying how thorough my appraisal report was and thanking me for the work. You could send a link to this article to a Very Picky or Very Supportive reviewer.> He recently listed the home for $5,800,000.

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McKissock

DECEMBER 28, 2020

As social media has become ubiquitous in our culture, it is becoming more and more essential to leverage it for your real estate business. Of course, that can seem daunting. There are so many different social media channels out there and upkeeping all of them can seem like a chore at best. Tweets by NAHREP.

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Housing Wire

MARCH 22, 2024

When you buy through our links, we may earn a commission. While buying a house is typically an exciting process for our clients, it can also be overwhelming. Part of our value as professional real estate agents is helping guide buyers through the process, using our expertise and first-hand experience.

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Appraisal Today

FEBRUARY 2, 2024

The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. How will these UAD and URAR changes be beneficial? What exactly does this mean?

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Appraisal Today

DECEMBER 9, 2022

How to Reduce Appraisal Revision Requests. Address the request thoroughly and professionally. Explain ‘How’, not ‘Why’ in the appraisal report. The most common frustrations arise when the appraiser focuses more on the type of adjustments made while the reader would look for the ‘how’ in the appraisal report.

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Appraisal Today

MAY 20, 2022

Excerpts: I called the listing agent on the property I was to appraise and asked if they knew how an appraiser might go about obtaining a floor plan (for my desktop appraisal). By the way, I measured the home also. It took about 15 minutes for me to measure the home. CubiCasa and a Desktop Mess – an appraiser’s experience.

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Appraisal Today

SEPTEMBER 9, 2022

How to Respond to ROV Requests: Updated Guidance. Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Appraisers are still required to comply with USPAP when responding to an ROV request, including the confidential nature of assignment results. By Greg Stephens, SRA, AI-RRS. The 10 U.S.

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Appraisal Today

MAY 5, 2023

Fannie’s New Appraisal Online Formats By Brent Owen Excerpts: To Be Or Not To Be (a form), That Is The Question The first thing to notice is that the ‘form’ isn’t really a form anymore. To read more plus appraiser comments, click here My comments: Read this article! All of that is integrated into the URAR itself.

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