Appraisal Today

DECEMBER 1, 2023

But, crossing the highway does work here With that said, I want to show you an example of a local neighborhood where I have zero hesitation about pulling comps from both sides of the highway. I’ve found this when pulling comps through the years, and I’ve also shown this when making graphs. But it’s still not a major difference.

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Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. In my 20s, I lived in my van for a few years and parked it near my surfer friends’ house in Santa Cruz, CA.

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Appraisal Today

MARCH 15, 2024

What if there are few rural areas near you? You can expand your area to include rural appraisals to get more business. I had niece who had several horses for many years where she lived. You may have some similar rural experience now! There are relatively few residential lender appraisals available now.

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Appraisal Today

JANUARY 19, 2024

Opens in You Tube. 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. Excerpts: five bedrooms, 4.5

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Appraisal Today

DECEMBER 8, 2023

In other words, Fannie Mae does not want you averaging the indicated values from the Sales Comparison Approach, Cost Approach, and Income Approach in order to arrive at an opinion of value. The process took several years of securing building permits, and the house was completed in 2015. OK to average adjusted comps on appraisal?

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Appraisal Today

FEBRUARY 23, 2024

In short, it’s not enough today to go back 90-180 days because there just aren’t enough data points in so many cases… WATCH THE MEDIAN TREND The median price for the region doesn’t translate rigidly to neighborhoods, so be careful about saying stuff like, “The median is up 3% this year, so neighborhood prices are up 3%.”

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Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Here are a few of the many survey results. Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. Only appraisers do the appraisals.

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Appraisal Today

AUGUST 18, 2023

Dragon Anywhere Dragon Anywhere is a dictation and speech-to-text app that allows you to create, edit, and share documents from your mobile device. This professional-grade dictation service could save you tons of time on typing reports and taking notes in the field. 7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1.

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Appraisal Today

NOVEMBER 3, 2023

To read more, click here My comments: Be sure to read this blog post. You may, or may not, take the mandatory USPAP class prior to this date. You may, or may not, take the mandatory USPAP class prior to this date. USPAP 2024 is effective January 1, 2024. Mediterranean Villa in Lafayette CA $5,888,888 4 bedrooms, 6.5

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Appraisal Today

AUGUST 5, 2022

To read the full blog post, click here. The summary and Circular are in the blog post. My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. Are you doing VA appraisals? Appraisal Assignment Waterfall. Humor for Appraisers.

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Appraisal Today

JUNE 23, 2023

can sue you for any reason at any time.! NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. However, it’s a good idea to know where the risks lie—and how to avoid them.

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Appraisal Today

OCTOBER 27, 2023

However, you may encounter some strange—or even spooky—properties from time to time. They were concerned that the electric was still on and could pose a danger as you could hear an electrical buzzing sound. I worked for an assessor’s office for 5 years in my first appraisal job. Lenders would have never loaned on them!

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Appraisal Today

DECEMBER 2, 2022

Over the years, I observed that successful real estate agents seldom switched to the much less profitable appraisal side. At that time, no sales experience was required for a broker’s license, only a 4-year degree. To read more of this long blog post with many topics, click Read More Below!! What about a salesperson license?

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Appraisal Today

OCTOBER 28, 2022

There’s been a lot of buzz about measuring homes to ANSI standards in the appraisal industry–what can you tell us about the VA’s stance on ANSI? Do you anticipate requiring ANSI on VA appraisals in the future? VA wants you to help veterans. VA wants you to help veterans. VA Update for Appraisers. By Isaac Peck.

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Appraisal Today

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. We need a good Appraiser PR Campaign!

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Appraisal Today

APRIL 14, 2023

My overall ratings are: Unlivable with holes in wall or ceiling, kitchen, and bath not functional, not lendable, etc. ) My overall ratings are: Unlivable with holes in wall or ceiling, kitchen, and bath not functional, not lendable, etc. ) There are few comps as almost all homes are fixed up for sale.

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Appraisal Today

APRIL 1, 2023

Appraiser Gets Subpoena – What to Do Excerpts: As an appraiser, you don’t have to be sued or be facing a lawsuit to find yourself on the receiving end of a subpoena—staring down a lawyer who is peppering you with questions. If you lost this link later, when you need help, Google “Dealing with a Subpoena Workingre”.

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Appraisal Today

FEBRUARY 10, 2023

Fastapp AMC president, confirm what appraisers have been saying all along, that if you want high-volume AMC work, you have to lower your fees to 1980’s level, have 24 hour turn times, and, above all, be a number hitter. Very similar to the old mortgage broker days. Nicole Andrews, Fastapp AMC founder v. 1639e(b)(3). …

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Appraisal Today

JUNE 17, 2022

I worked for 4 years in rural areas. To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. Nearby, I noticed a large water tank.

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Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. If appraisers don’t stand up and say no, right now, the running joke of the appraisal industry could be gone in five years; well, it just very well may come true. First, “third party” inspections. Call to Action.

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Appraisal Today

JULY 7, 2023

I learned I was biased against young Black men when I was on a criminal jury many years ago. Appraiser Countersues Black Plaintiffs Who Alleged Discrimination by Isaac Peck, Publisher WorkingRE There are now a number of lawsuits facing appraisers where the primary allegation is racial discrimination. Tate-Austin v. Connolly & Mott v.

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Appraisal Today

APRIL 21, 2023

The State Appraisal Board Wants to Throw Me Under the Bus, Right? And it’s really disconcerting to me that after nearly 22 years I’m finally to the stage recommending that appraisers avoid doing assignments for Fannie Mae if at all possible. Nevertheless, there is a warning due here.

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Appraisal Today

AUGUST 26, 2022

In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Quite simply, if there isn’t enough data for the appraiser to develop a reliable opinion of value by the sales comparison approach, the mortgage will not be marketable to Fannie Mae. Humor for Appraisers.

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Housing Wire

MARCH 21, 2024

FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk. Julie May, vice president and general manager of B2B Scores at FICO, said that in the mortgage space, the company charges “$3.50 Josh Hawley (R-Mo.) has sent a letter to the U.S.

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Appraisal Today

NOVEMBER 10, 2022

Use of unsupported or subjective terms to assess or rate, such as, but not limited to, “high,” “low,” “good,” “bad,” “fair,” “poor,” “strong,” “weak,” “rapid,” “slow,” “fast” or “average” without providing a foundation for analysis and contextual information. To read more of this long blog post with many topics, click Read More Below!!

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Appraisal Today

NOVEMBER 25, 2022

I was appraising a home for a divorce several years ago. You will probably be going up against an MAI. Your attorney says to the MAI: How many house appraisals have you done this year? Your attorney is happy at winning the case, and you get lots more divorce work. More Crazy Appraisal Stories! Eric VanderWaal.

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Appraisal Today

JANUARY 20, 2023

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. To read more of this long blog post with many topics, click Read More Below!! a year earlier (-4.8 Top Ten Reasons Why It Is Great to be an Appraiser!

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Appraisal Today

FEBRUARY 24, 2023

What Level Appraiser Are You? For example, are you competent to prepare an entire appraisal from start to finish? For example, are you competent to prepare an entire appraisal from start to finish? You might answer, “Absolutely!” Do you still feel the same level of assuredness? Beginner, Intermediate, or Pro?

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Appraisal Today

SEPTEMBER 23, 2022

This spike basically peaked one year ago as size has started to normalize. Maybe you can use some of his ideas, graphs, and/or explanations in your appraisals. Maybe you can use some of his ideas, graphs, and/or explanations in your appraisals. A quick change in interest rates has led to a quick change in the market.

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Appraisal Today

SEPTEMBER 30, 2022

You may save someone’s life!! As you might expect, it didn’t take long for both John and Suzy’s parents to hire a law firm and start going after all the real estate professionals involved. Killed by Carbon Monoxide: Appraiser Blamed. Read this article on how to check CO detectors. by Kendra Budd, Associate Editor, WorkingRE.

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Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. The list of non-lender uses is very good. baths, 14,450 sq.ft.,

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Appraisal Today

DECEMBER 22, 2023

Example #1: Superadequate custom fireplace Example #2: Superadequate 12-car garage To read more, Click Here My comments: Although the blog post references luxury homes, this can occur anywhere. Have you ever driven closer and closer to your subject and noticed that the homes are much smaller or have standard designs?

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Appraisal Today

FEBRUARY 16, 2024

To read more, Click Here My comments: If you don’t want to appraise a historic property, be sure to check it out before accepting the assignment! For many years I appraised in the nearby city of Berkeley, CA. One was sold about 20 years ago by a famous architect, Julia Morgan. Worth reading. A good summary. No effect on value.

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Appraisal Today

DECEMBER 15, 2023

On the links list on the right side of the webpage, GSE Experts Answer Your UAD Redesign Questions is short and understandable. Santa added more fun this year with a virtual treasure hunt, hiding more than a dozen holiday items throughout his cozy cabin. To watch the Excellent UAD and Forms Redesign Video (3 min.

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Appraisal Today

JANUARY 12, 2024

However, this blog shows that appraisers frequently do not make time adjustments, even when they are likely to impact the appraised value substantially. The main dataset used in this blog is a 5 percent sample of single-family housing in the Uniform Appraisal Dataset (UAD) that Fannie Mae and Freddie Mac (the Enterprises) collect.5

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Appraisal Today

MARCH 1, 2024

What Are the Top Luxury Markets in North America Right Now? 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. You may be surprised! You definitely must get a higher fee for them.

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Appraisal Today

SEPTEMBER 8, 2023

To read more, click here My comments: If you want to know more, before (or after) accepting an Airbnb appraisal, definitely read this article. To read more, click here My comments: If you want to know more, before (or after) accepting an Airbnb appraisal, definitely read this article. I have known Richard Hagar for many years.

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