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Why Appraisal Workfiles Are Important

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. We’ve all also heard ad nauseum that USPAP is a minimum standard. Newer appraisers are lucky.

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Non-Arms Length Sales for Appraisers

Appraisal Today

You are “graded” on how close you come to the sales price. NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. What Does Arm’s Length Mean in Real Estate?

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Remove all bathtubs from home?

Appraisal Today

People planning a remodel asked if it was a big deal or not to only have a walk-in shower in each bathroom. But backing up, part of the fun of working in real estate is figuring out how to answer questions like this in a way that is balanced and hopefully reflective of the sentiment in the marketplace. Anything to add?

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How to select appraisal comps

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. And some tips on how to keep your appraisal credentials safe.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

She explains how pioneering research in psychology revealed that all humans have cognitive biases, but professionals like appraisers are trained to minimize bias through rigorous methodology. As Chance acknowledges, the Institute should have done more to advocate for appraisers and make the public aware of their professionalism.

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How to Find Comps With Few Sales

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M million.

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Appraiser Has Very Big Problems With Borrower

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Opens in You Tube. Excerpts: five bedrooms, 4.5 Built in 1970.