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Why Appraisal Workfiles Are Important

Appraisal Today

To read more, Click Here My comments: The article also discusses bias. My office and home garage are filled up with paper files! a state-of-the-art home gym, salon, yoga room. Still, all too many appraisers seek only to meet that minimum standard and little more. That’s where the trouble begins. I’ve seen this happen.

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Cost Approach – When to Use in Appraisals

Appraisal Today

Excerpt: We often receive questions from appraisers regarding Fannie Mae and the cost approach. I understand that Fannie Mae requires the sales comparison approach, but what if there aren’t enough good comps? My comment: I included this article plus the one below, which both address the Cost Approach’s common appraisal questions.

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NAR Appraisal Survey 2022

Appraisal Today

Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. 54% of appraisers report that appraisal management companies (AMCs) have been among the greatest challenges in their businesses in the past year; 30% cite expanding regulations.

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. However, the markets have hit an abrupt slow down, or might I say, cool down, kind of like this ice skater experienced.

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ChatGPT for Appraisers

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. We all can get biases from our experiences.

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Seattle/King County Activity, Prices Show a Monthly Jump

Will Springer Realtor

Mixed economic numbers have turned that smile upside down among interest-rate watchers, as inflation persists and employment stays healthy. As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). in Seattle.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. annually in home improvements across the U.S., an increase of about 14% year-on-year, according to Harvard research for Q1.