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How to Find Comps With Few Sales

Appraisal Today

I also have some market recap visuals to unpack what’s been happening in 2024 so far. I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

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More Crazy Appraiser Stories!

Appraisal Today

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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New 2024 USPAP Q&As

Appraisal Today

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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Appraising Airbnb Properties

Appraisal Today

Problems When Appraising Airbnb & VRBO Properties by Richard Hagar, SRA Excerpts: Residential appraisers are being asked to appraise these properties, along with their elevated income, as “typical” residential properties. The article is one of the best I have read, and includes many of the AMC, USPAP, GSE, etc.

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Appraisers: How to Spend Less Time on Email

Appraisal Today

Appraisers: How to spend less time on Email. Excerpts: Many appraisers report that they’d like to spend less time on email. You can add a note to your email signature letting people know that they can reach you by phone if they need to get in touch on an urgent matter. Appraisal Business Tips . Humor for Appraisers.

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

Appraisal Today

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?