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How should appraisers approach short-term rentals?

DataMaster

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. While STR Income is allowed on the borrower’s income statement, the market rents for the collateral still needed to be based on longer-term leases. This is creating significant friction in the lending environment.

Appraisal 148
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How should appraisers approach short-term rentals?

DataMaster

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. While STR Income is allowed on the borrower’s income statement, the market rents for the collateral still needed to be based on longer-term leases. This is creating significant friction in the lending environment.

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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!

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Unacceptable Appraisal Practices from Freddie Mac

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 barndominiums, liability, declining prices, non-lender marketing, Freddie bad appraisal practices, unusual homes, mortgage origination stats, etc. ==. To read more, click here.

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Expectations for 2022 in Seattle/King County Real Estate

Will Springer Realtor

Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. Forecasting the direction of the economy and residential real estate is never easy, particularly in a pandemic and following a mini-recession. They took advantage of multiple bids, price surges, waived contingencies and all-cash offers.