Appraisal Today

JULY 21, 2023

To read more and see Ryan’s tables and graphs on pools, click here My comments: I live in an island city with a “Mediterranean” climate located on San Francisco Bay, which means some fog and moderate temperatures. Where I live, very few homes have pools. After 35 years of appraising here, the value effect is none.

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OCTOBER 27, 2023

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. Recently we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” I worked for an assessor’s office for 5 years in my first appraisal job.

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AUGUST 18, 2023

7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1. Dragon is very well-liked among appraisal professionals, making it number one on our list of must-have apps for appraisers. Genius Scan This app gets a lot of love from appraisers. Dragon has been around a long time and is popular with commercial appraisers.

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JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” Nearby, I noticed a large water tank. Hybrid appraisal survey ).

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JULY 14, 2023

Recent Appraisal Buzz survey Measuring tape – over half Laser – less than half Guesstimate – a few, but way too many! not many To see the graph, click here My comments: I have always wondered about this. I prefer my phone app – no more rose bush thorns, dog poop, tripping over miscellaneous stuff, etc. Phone app. – 3 bedrooms.

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FEBRUARY 17, 2023

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.

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JULY 1, 2023

Lenders Not Using AMCs for Appraisals By: McKissock June 23, 2023 Excerpts: Some appraisers seek alternate ways to find work outside of appraisal management companies (AMCs). Below are helpful tips on how to find financial institutions and banks that engage appraisers directly on fee panels. More Crazy Appraiser Stories!

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Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. I was given a lockbox combination and inspected the vacant home. This was the first time I had ever experienced this problem.

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JANUARY 20, 2023

Top Ten Reasons Why It Is Great to be an Appraiser! Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more of this long blog post with many topics, click Read More Below!! The wonderful world of rats, bats, and spiders.

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Appraisal Today

NOVEMBER 10, 2022

12 Unacceptable Appraisal Practices from Freddie Mac. Here are 5: Reliance in any appraisal analysis on inappropriate comparable sales, or the failure to use comparable sales that are more similar to or nearer to the subject property without adequate explanation. Review appraiser liability. Appraisal Business Tips .

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FEBRUARY 10, 2023

Fastapp AMC Alleged Violations of AIR (Appraiser Independence Requirements) Excerpts: The following court documents in the case Naftali Horowitz v. it began to become apparent to Andrews that Horowitz was not complying with appraisal independence standards. . … Nicole Andrews, Fastapp AMC founder v. 1639e(b)(3). …

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Appraisal Today

JULY 1, 2022

Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. My comments: I have seen this locally. By Dave Towne.

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Appraisal Today

JUNE 10, 2022

How can we fix the excess of appraisers? Too many appraisers? 2) We will make it harder to become an appraiser; 3) Let the lower fees discourage newcomer appraisers. In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal. Humor for Appraisers.

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Appraisal Today

NOVEMBER 25, 2022

More Crazy Appraisal Stories! Excerpt: Restraining Orders & Appraisals – Never a Great Mix. The majority of my appraisal work is on divorces and estates, both of which have their fair share of crazy stories. I was appraising a home for a divorce several years ago. Crazy Appraiser Stories!!

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Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. I promise you that this will make you known in your area.”. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. I make it a point to update them and answer their emails ASAP. By McKissock.

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NOVEMBER 3, 2023

How do the USPAP revisions to the Nondiscrimination section affect appraisers? Appraisers were also always prohibited from performing assignments with bias. The primary difference is that the new USPAP contains clear and concise language regarding an appraiser’s ethical obligation not to engage in discrimination.

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Appraisal Today

APRIL 21, 2023

The State Appraisal Board Wants to Throw Me Under the Bus, Right? Again, simply put, the investigator and board look to see if the appraisal meets the requirements of USPAP’s Standard 1, and if the report meets the requirements of USPAP’s Standard 2. Nevertheless, there is a warning due here.

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Appraisal Today

JULY 8, 2022

as a Model for Appraisals. appraiser roster is a coveted position for most residential appraisers. appraiser) says the V.A. pays higher appraisal fees. doesn’t use Appraisal Management Companies (AMCs). does not use AMCs allows them to pay more directly to the appraiser, according to Rocha.

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Appraisal Today

JUNE 3, 2022

Residential Appraisals and Airbnb Income? State appraisal boards ARE disciplining appraisers across the country for improperly using the business income (Short term Rental – STR) from Airbnbs on the residential 1007 Fannie Mae form. Julie does not include short-term rental income (STR) in her appraisals of homes with Airbnbs.

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Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? baths, 16,225 sq.ft.,

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JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. I always made them and never had any complaints from my lender clients.

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MARCH 1, 2024

Whether you’re looking to specialize in luxury home appraisals or you’re simply reading up on the latest market trends, you may want to pay attention to areas where luxury homes are in high demand. To read more, Click Here My comments: In this newsletter, I always know what are hot topics. I assume the AMCs have these types of lists.

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DECEMBER 23, 2022

By: McKissock December 16, 2022. Excerpts: The property to be appraised is atypical. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. In this case, circumstances involving ownership are uncommon or make the appraisal more complex. Very funny!!

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DECEMBER 16, 2022

Excerpts: The Collateral Risk Network (CRN) met in Sarasota on December 6th to discuss a variety of issues ranging from appraisal turn times to Fannie Mae’s economic outlook for 2023. Appraisers were encouraged to provide convenience as one aspect of quality. I have known him for many years. Appraisal Business Tips .

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MAY 12, 2023

Certified Appraisers vs. Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years.

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Appraisal Today

FEBRUARY 9, 2024

How do appraisers consider appliances? also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” By Daniel A.

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SEPTEMBER 15, 2023

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. Fortunately, appraiser results are in the first section.

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JANUARY 4, 2023

Appraisers Share Their Top Professional Goals for 2023. I would like to turn over my appraisal business to my daughter, who is certified.”. After 23 years in appraising, which was very beneficial for me and my customers, I’m preparing for retirement.”. To read more, including personal comments from appraisers, click here.

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Appraisal Today

SEPTEMBER 2, 2022

How to Handle Appraisal Pressure and Stay Ethical? Excerpts: There’s no simple and easy way to deal with appraisal pressure. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients.

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OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? For example, you understand that you do not need a form to produce an appraisal. Are your legs shaking?

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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. I’ve been waiting for a very long time for longer than 2 years between effective dates. I assume a new class will be required every two years in the future.

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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. 2024 Updated UAD and URAR – What does It Mean for You?

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NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? Stick to the facts. Not just a list of words and phrases.

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JUNE 24, 2022

Appraisals and Water Frontage. Those topics are fodder for other lengthy blog posts all by themselves. Appraisers should familiarize themselves with their state laws regarding water frontage and related rights, as they can vary from state to state. Excerpts: What about an off-site water view? Water rights play a major role.

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. I have never seen something this contemporary before in Napa Valley.

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SEPTEMBER 1, 2023

Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? McKissock Survey Excerpts: As a professional appraiser, you’ll likely encounter some strange properties from time to time. To see more examples, Click Here My comments: I was inspired by this post and included two unusual homes in this newsletter.

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DECEMBER 9, 2022

How to Reduce Appraisal Revision Requests. By Clear Capital November 14, 2022. Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. Explain ‘How’, not ‘Why’ in the appraisal report. Address the request thoroughly and professionally.

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