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Why Appraisal Workfiles Are Important

Appraisal Today

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 Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

This public acknowledgement of an obligation to counter the flawed “appraiser bias” narrative is an encouraging first step. In fact, appraisers’ discipline protects homebuyers and the industry from irrational biases. For a long time, since AI dropped out of the Appraisal Foundation, I have said, “I am a 35-year member of AI.

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FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

FHA Handbook 4000.1 Appraisal Changes By Dan Bradley Excerpts: On January 18, 2023, HUD issued an announcement regarding revisions made to Handbook 4000.1. According to the announcement, the revisions included “enhancements and revisions to existing guidelines and various technical edits.” Includes a link to the “redline” version of 4000.1

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Top Ten Reasons Why It Is Great to be an Appraiser!

Appraisal Today

See that some people really do hang those black velveteen pictures of Elvis on their living room walls. See that some people really do hang those black velveteen pictures of Elvis on their living room walls. Top Ten Reasons Why It Is Great to be an Appraiser! Dazzle your friends with your knowledge of external obsolescence.

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ChatGPT for Appraisers

Appraisal Today

I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. It can be tricky at first to use, but Dustin explains it. It can be tricky at first to use, but Dustin explains it. with 3 bedrooms, 3 bathrooms, an open living room, dining room, kitchen, and den.

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Appraisers and Property Data Collectors

Appraisal Today

Myth #3: PDCs are not properly trained or qualified While there isn’t a license, PDCs are still required to be trained and competent to do their job. Myth #3: PDCs are not properly trained or qualified While there isn’t a license, PDCs are still required to be trained and competent to do their job. Trainees can do them.

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CubiCasa – Home Measurement From Inside A House

Appraisal Today

It is consistently within 1-3% of my measurements. The 3% variance is with larger homes with complex angles and tricky areas to measure. 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). This is also a no-no.