Appraisal Today

JANUARY 19, 2024

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. That’s what makes midcentury architecture so appealing: It brings the outside in.” Opens in You Tube. Sliding-glass doors lead out to the yard.

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Appraisal Today

MARCH 22, 2024

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. To read more, Click Here My comments: Worth reading.

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Appraisal Today

JULY 1, 2023

To help you get started, we asked our appraisal community, “What advice can you offer on how to identify financial institutions and banks that engage appraisers directly, without involving AMCs?” Here’s what they said. Below are helpful tips on how to find financial institutions and banks that engage appraisers directly on fee panels.

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Appraisal Today

FEBRUARY 23, 2024

I also have some market recap visuals to unpack what’s been happening in 2024 so far. The ideal is to compare areas with similar prices, but even if the price point is a bit different, it can be valuable to see what is happening in a different nearby neighborhood. I do a lot of estate appraisals, which are not current value.

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Appraisal Today

DECEMBER 8, 2023

To Mean, or Not to Mean, That is the Question By Brent Bowen Excerpts: There seems to be a consensus among appraisal reviewers that the appraiser should not average the adjusted sales prices of their comparables in order to arrive at an indicated value of the subject from the Sales Comparison Approach. But that begs a question… similar how?

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Appraisal Today

JANUARY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. These represent the first changes to USPAP in four years. There are five myths and misconceptions that are addressed in the changes to the 2024 USPAP.

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AmeriMac

APRIL 15, 2024

A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property. Additionally, we will address frequently asked questions about home appraisals and how they can impact the value of your own home, providing a comprehensive understanding of the subject.

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Appraisal Today

DECEMBER 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on time saving tips, Waivers, Non-lender appraisals, Tax savings, unusual homes, mortgage origination stats, etc. As part of our monthly survey series, we asked our community of real estate appraisers, “What’s the BEST way to save time in your workweek?”

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Appraisal Today

NOVEMBER 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post on , , VA changes, State Appraisal Board problems, gratitude for appraisers, unusual homes, mortgage origination stats, etc. == San Francisco Bay’s Red Rock Island is for Sale for $25M Excerpts: Red Rock Island is the only privately owned island in San Francisco Bay.

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Appraisal Today

JULY 28, 2023

We need to step back for a moment and carefully analyze and consider why that was done, and what it means to appraisers. In many ways, appraisers forget the purpose of the appraisal assignment – which is to value real estate. In many ways, appraisers forget the purpose of the appraisal assignment – which is to value real estate.

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Quicken Loans

JULY 14, 2021

Many Americans are dealing with major credit card debt on top of mortgages, student loans, car loans and medical bills. In fact, consumers pay double or even triple the interest rates on credit cards than they do on most auto loans, student loans and home loans. Can You Refinance To Pay Off Debt?

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Appraisal Today

JULY 21, 2023

The value of a pool for Homes? That’s what we always hear. Adjustments for pools Last but not least, let’s remember there is no such thing as a one-size-fits-all adjustment for a built-in pool because the value of a pool is going to depend on quality, condition, and even age. What are buyers willing to pay? It was tricky.

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Appraisal Today

JULY 14, 2023

What tool do you prefer to use when measuring a house? Recent Appraisal Buzz survey Measuring tape – over half Laser – less than half Guesstimate – a few, but way too many! Phone app. – not many To see the graph, click here My comments: I have always wondered about this. I was hooked the first time I used it! The 8,000+ sq. 3 bedrooms.

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Appraisal Today

SEPTEMBER 22, 2023

To read more, click here My comments: Now we know what NAR members think about it. What they were doing about inspectors had a wide range. I drove by the house and looked at what was nearby, etc. There is no way to know what the inside looks like or the foundation (many are brick). Not very positive. Very interesting.

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Appraisal Today

JUNE 23, 2023

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. Well written, short, and worth reading.

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Appraisal Today

JUNE 16, 2023

Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

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Quicken Loans

JUNE 10, 2021

For example, construction of the Batcave was probably too expensive for Bruce Wayne to get a conforming loan – not that the multi-billionaire founder of Wayne Enterprises needs one, but we digress. What is a non-conforming loan, and how does it differ from a conforming mortgage? What Is A Non-Conforming Loan?

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Appraisal Today

NOVEMBER 3, 2023

To read more, click here My comments: Be sure to read this blog post. NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. USPAP 2024 is effective January 1, 2024.

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Appraisal Today

NOVEMBER 4, 2022

My comments: Read this blog post with practical tips from practicing appraisers. But, McKissock’s blog posts are short, well written, and popular with readers, so I include them regularly. Reconsideration of value and Appraisers. To read more of this long blog post with many topics, click Read More Below!! By McKissock.

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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? We have done a very poor job of telling the general public what we do and that we are are objective and unbiased. We need a good Appraiser PR Campaign!

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Appraisal Today

OCTOBER 20, 2023

The demand letter cited an accounting error during the origination of the loan (not an appraisal issue) and the appraisal as the reason for the buy back. Remote work was in full swing, and consumers were desperately seeking to get out of the cities. My subject was a mountain cabin, in reasonably close proximity to a National Park.

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Appraisal Today

APRIL 7, 2023

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 ROVs, non-lender appraisals, appraisal business, unusual homes, mortgage origination stats, etc. == Amazing Guitar-Shaped House in Georgia Currently off market.

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Quicken Loans

NOVEMBER 18, 2021

If you don’t have a large down payment, attractive loan options include 3% down conventional loans. These loans are for most borrowers – you don’t have to be in a specific income category or region. Here’s everything you must know about these low down payment loans. How Does The Conventional 97 Loan Program Work?

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Appraisal Today

AUGUST 18, 2023

The Appraisal Update Podcast 8.16.23 – MLS Cyberattack (SPECIAL REPORT) Video 18 minutes Goes through URAR form and USPAP plus many ideas on what to do. 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.

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Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Fannie sells their loans to investors.

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Appraisal Today

APRIL 14, 2023

At some point it’s no longer “normal market value minus cost to cure equals as-is value.” To read more of this long blog post with many topics, click Read More Below!! The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. In my MLS “contractor special” is often used.

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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. ————————————————————————————— Where VA loans are soaring.

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Appraisal Today

OCTOBER 27, 2023

Recently we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” However what I found was a massive wasp nest that was approx 4′-5′ tall in one of the bedrooms. Lenders would have never loaned on them! However, you may encounter some strange—or even spooky—properties from time to time.

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Appraisal Today

OCTOBER 28, 2022

Is the VA looking at these types of valuations and what are some of the considerations? 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? What’s new at the VA? Do you anticipate requiring ANSI on VA appraisals in the future?

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Appraisal Today

JUNE 9, 2023

Reliability of data You need to consider: What is this data telling me? Reliability of data You need to consider: What is this data telling me? To read more, click here My comments: The blog post has a link to Quality Ratings. Quality refers to the quality of items, materials, and construction. How reliable is that data?

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Appraisal Today

JULY 1, 2022

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 decline in listing prices, land issues, unusual homes, mortgage origination stats, etc. =. It was in the County. The actual location may be miles away from there.

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Appraisal Today

JULY 7, 2023

What is most important is recognizing and not acting on your prejudice. I have been tempted to lower a value when an owner’s large do dog jumps on me or tries to bite me. But I know I don’t like aggressive large dogs and don’t let it affect my value. But I know I don’t like aggressive large dogs and don’t let it affect my value.

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Appraisal Today

JUNE 17, 2022

To read more of this long blog post with many topics, click Read More Below!! 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. ==.

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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. To read more of this long blog post with many topics, click Read More Below!! Nicole Andrews, Fastapp AMC founder v.

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Appraisal Today

JUNE 10, 2022

Easy — we do what we have always done, each time. In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal. This blog considers how each friction will respond to this “excess” of appraisers. Loan applications are way down, the lowest in 22 years.

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Appraisal Today

NOVEMBER 25, 2022

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 Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. More Crazy Appraisal Stories! Eric VanderWaal.

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Appraisal Today

JANUARY 20, 2023

Be a part of the profession blamed for the collapse of the savings and loan industry. 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!!

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