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Tools To Support Appraisal Adjustments

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.” Now we have a more official “standardized process” which affects appraisers, lenders, AMCs, GSEs, and of course, the borrower.

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How To Appraise Rural Properties

Appraisal Today

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. When I worked for a northern California assessor’s office with rural areas I learned a lot about almond growing (the main crop) and other ag topics. What if there are few rural areas near you?

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Appraisals – Check the Water Source!

Appraisal Today

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. ==. No one knows if there will be foreclosures or when they will start. No one did.

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Appraising Historical Homes

Appraisal Today

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. She designed more than 700 buildings in California during a long and prolific career.

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

Learn how to accurately determine adjustments. Many thanks to Ryan Lundquist’s 2020 blog post for the very appropriate image above! To read more of this long blog post with many topics, click Read More Below!! How to Avoid and Respond to Appraisal Board Complaints. How can you prevent appraisal board complaints?

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SFR with ADU or Two Units?

Appraisal Today

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. Another tricky HBU issue in California!