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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. Several sections of HUD Handbook 4000.1 For appraisers, Section II.D.2.

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How To Appraise Rural Properties

Appraisal Today

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?

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Apps for Appraisers

Appraisal Today

The company boasts a 99% accuracy rate as well as powerful voice editing capabilities. To watch the video, click here = SPECIAL REPORT – Rapattoni MLS outage Appraisal Buzz 8-16-23 6 minute video Excerpts: Consider how this will impact your work as an appraiser. Genius Scan This app gets a lot of love from appraisers.

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What Appraisers Wish Real Estate Agents Understood

Appraisal Today

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? 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 need a good Appraiser PR Campaign!

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Housing Prices are Forecast to Decrease 20% Next Year

D Fritz Appraisals

This rise has caused rental rates to spike, increased demand for housing and has made it very difficult, if not impossible, for first-time buyers to get their foot in the door of home sweet home. Why Are Real Estate Prices Forecast to Decrease? Factoring into this decrease is a rise in mortgage interest rates.

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What level appraiser are you?

Appraisal Today

Level 2 – Intermediate At the intermediate level, you realize there is more to appraising real estate than checking boxes. I am writing two long articles for the November issue about Hybrid Desktops and Property Data Collectors. How to Level Up as an Appraiser By Conrad Meertins Jr. You might answer, “Absolutely!”

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How to Reduce Appraisal Revision Requests

Appraisal Today

Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. Address the request thoroughly and professionally. Add additional commentary where appropriate. Ask questions. Explain ‘How’, not ‘Why’ in the appraisal report. Reduce lengthy commentary.