The Appraiser Coach

MARCH 5, 2024

I talk a lot on this blog about change. That’s partly because so much change has happened just during my time as an appraiser. I’ve seen the advent of laser measuring, electronic forms, and most recently, remote appraisals. Change seems to be one of the only things we can expect to truly stick around.

Appraisal 195

Appraisal Business Clients Inspection 195

The Appraiser Coach

MARCH 19, 2024

As a real estate investor, I have the opportunity to rub shoulders with all kinds of people, even other appraisers on occasion. With a recent house purchase in another state, I got a call from the appraiser of this property as he was planning a visit out there. To get the mix just right, you need a little bit of both.

Appraisal 195

Appraisal Clients Real Estate Business 195

Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. You can now glean condition and quality information through image recognition.

Appraisal 420

Appraisal Technology Modernization Real Estate Agent 420

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. So what can we do? Mortgage lending work is only one type of business where appraisals are needed. I have seen a slowdown in my lending work also. GET A WEBSITE.

Business 393

Business Appraisal Real Estate Agent Clients 393

The Appraiser Coach

FEBRUARY 13, 2024

I’ve talked many times about the principle of the mastermind. Napoleon Hill, who was one of the first people to talk about it, described it this way: when you get more than 2 people in a room with similar backgrounds, similar needs, and similar goals, then you form an additional entity (paraphrasing).

Business 195

Business Investing Appraisal Inspection 195

Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs?

Modernization 425

Modernization Appraisal Valuation Investing 425

Housing Wire

JANUARY 18, 2023

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

Appraisal 366

Appraisal Reconsideration of Value Appraisal Process Technology 366

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Why is this important?

Appraisal 354

Appraisal Market Value Legal Property Appraisal 354

Appraisal Buzz

MAY 10, 2021

Appraisers are paid for their opinion. Yet, we see a lot of you like to give your opinions away for free! Because of that, we’ve modified the Appraisal Buzz website to give appraisers a playground for open discussion. We’ve listened to your opinions and made the forum an even more interactive place for appraisers.

Appraisal 369

Appraisal Valuation Inspection Mortgage 369

The Appraiser Coach

JANUARY 2, 2024

There’s been a lot of talk recently about desktop appraisals. I don’t know any more than you do about where things are headed, but from what I do know, and from connecting the dots, I think it’s that desktop appraisals will become more (not less) popular. You have options. Folks, that just isn’t true.

Appraisal 195

Appraisal Valuation Development Inspection 195

Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. Let’s talk about the differences.

Appraisal 302

Appraisal Real Estate Agent Real Estate Agents 302

The Appraiser Coach

DECEMBER 5, 2023

I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home.

Real Estate Agent 150

Real Estate Agent Inspection Appraisal Appraisal Process 150

Housing Wire

DECEMBER 8, 2022

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. What’s going on? New products speeding up the process.

Appraisal Process 374

Appraisal Process Appraisal Logistics Valuation 374

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

I hope you all have been doing good and hanging in there. You may be wondering where in the world I’ve been. I’m sure you’ve read my articles on how much I love using CubiCasa. You’ve no doubt heard it on my more recent podcasts as well. I hope you enjoy this interview! Hello everyone!

Marketing 300

Marketing Real Estate Agent Real Estate Appraisal 300

Housing Wire

SEPTEMBER 15, 2023

You can split the programs up and do a weekly series. Work with a lender who specializes in first responder types of loans, FHA , VA and HUD programs and interview them for a video, Facebook live session or if you have a podcast. You all know people who can benefit from these programs.

Real Estate 407

Real Estate Government Law Buyers 407

Housing Wire

OCTOBER 27, 2020

The truth is, sellers can have their pick right now, and if your offer isn’t just what they want, they could choose another buyer. Are you considering adding contingencies to an offer you’re submitting? A contingent offer means that you plan to buy the home — but only if certain conditions are met first. The bottom line.

Marketing 440

Marketing Sellers Buyers Inspection 440

Cleveland Appraisal Blog

JULY 6, 2022

In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. What do you think? WHAT IS AN APPRAISAL INSPECTION? WHAT IS AN APPRAISAL INSPECTION? Inspection or observation, you pick.

Inspection 369

Inspection Appraisal Technology Clients 369

Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. But not always. Okay, maybe not.

Appraisal 397

Appraisal Market Value Contracts Buyers 397

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. In fact, they could actually cost you more (often significantly more) if used incorrectly. In fact, they could actually cost you more (often significantly more) if used incorrectly. How much house can you afford to buy?

Mortgage 432

Mortgage Loan Officers Real Estate Insurance 432

Appraisal Buzz

JANUARY 10, 2022

If you talk to a professional risk manager working in the home finance industry, they’ll tell you that risk is hiding everywhere. This is why federal regulators require banks to do such rigorous stress testing, proving that they can respond appropriately to any risk they may face. Risk 1: Appraiser risk.

Appraisal 374

Appraisal Real Estate Valuation Investors 374

Cleveland Appraisal Blog

DECEMBER 10, 2022

This week, Betty White shares some things that can decrease property value. As a certified residential appraiser, I can tell you that while some of the things noted in this report can decrease value, they may not, so take these points with a grain of salt. Betty is not an appraiser.

Appraisal 298

Appraisal Buyers Renovations Investing 298

Housing Wire

AUGUST 6, 2021

With a lower interest rate, homeowners pay less in interest and can even shorten the length of their loan. While refinancing can be a good way to build equity and manage debt, it can cost money – anywhere between 3% to 6% of the amount of debt you still owe on your current loan. Should you refinance?

Housing Market 432

Housing Market Insurance Mortgage Appraisal 432

Cleveland Appraisal Blog

MAY 12, 2022

Have you been to the Copacabana? Perhaps you’ve been to the Copacabana nightclub in New York City, made popular by Barry Manilow’s song Copacabana in 1978. Today, I’m not talking about either location, although, I wouldn’t mind spending some time on the beaches of Rio de Janeiro. The service is called Cubicasa.

Inspection 341

Inspection Appraisal Tools Advertising 341

Cleveland Appraisal Blog

JANUARY 19, 2023

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. How about underimproved?

Appraisal 284

Appraisal Buyers Transportation Real Estate 284

Appraisal Buzz

AUGUST 23, 2021

We hear and see this fairly frequently in forums where appraisers are talking about bidding on work and how much one should aim for when deciding how much to bid on an appraisal order. So, $100,000 minus $15,000 in costs (this is just a hypothetical number, yours might be more or less) leaves you with $85,000.

Appraisal 435

Appraisal Business Training Clients 435

Appraisal Buzz

JANUARY 24, 2022

Are you ready to meet the new GSE requirement of a detailed floor plan for your desktop appraisals? Join us for our upcoming webinar on January 25th at 2 pm, “ The Future of Desktop Appraisals ” with Joshua Walitt and Mark Walser! Buzz : What is your background in the appraisal industry?

Appraisal 370

Appraisal Inspection Technology Valuation 370

The Appraiser Coach

SEPTEMBER 26, 2023

Is it you, as the owner? You might think, it’s the business owner for sure! You’re familiar with the all-too-common scene of a bad cop taking a victim into a room and yelling, “Tell me what you did!” There may be some employees you never need to have a difficult conversation with. What are you struggling with?”

Business 150

Business Appraisal Inspection Advertising 150

Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate?

Appraisal 365

Appraisal Development Finance Lending 365

Housing Wire

JANUARY 26, 2021

People often confuse the home appraisal with the home inspection. Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Does that mean you should skip one and save the $300 to $700 one will cost you? How much house can you afford to buy?

Inspection 384

Inspection Real Estate Agent Real Estate Investing 384

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. You no doubt have heard of the saying, “junk in, junk out” Our opinions and analysis are only as good as the data we have to analyze. An appraiser may miss that sale through no fault of their own.

Agents 374

Agents Appraisal Renovations Development 374

Housing Wire

NOVEMBER 30, 2023

When you buy through our links, we may earn a commission. Requirements to get a real estate license in Ohio Before you enroll in the required 120 hours of sales associate prelicensing education, you’ll need to know some of the requirements for obtaining an Ohio real estate license. minutes per question!)

Real Estate 388

Real Estate Real Estate Agent Brokerage Agents 388

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Have you ever read thru an appraisal report? You may have noticed that there are three approaches to value. The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised.

Development 337

Development Appraisal Market Value Valuation 337

Realtor

OCTOBER 16, 2023

“It’s great to have the most attractive rate, but if the lender has you paying junk fees to obtain that rate, it might not make sense,” he adds. . “It’s great to have the most attractive rate, but if the lender has you paying junk fees to obtain that rate, it might not make sense,” he adds. .

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

The Appraiser Coach

NOVEMBER 28, 2023

Whether it’s customers, real estate folks, employees, homeowners, you name it. Many of us prefer to just ignore a problem and hope it goes away, rather than actually talking to someone about it and fixing it. I’d like to share with you a practice that I use when addressing these kinds of issues. I need you to do better!”

Real Estate 150

Real Estate Appraisal Inspection Advertising 150

Housing Wire

APRIL 9, 2024

For example, since home appraisals consider trends in past property values, BIPOC neighborhoods may be considered “risky” due to historic segregation and the cumulative effects of chronic underinvestment. Last October, Ameris Bank had to pay $9 million to settle a redlining case. More recently, Patriot Bank paid $1.9

Modernization 341

Modernization Lending Legal Legal Fees 341

Appraisal Buzz

AUGUST 23, 2021

We hear and see this fairly frequently in forums where appraisers are talking about bidding on work and how much one should aim for when deciding how much to bid on an appraisal order. So, $100,000 minus $15,000 in costs (this is just a hypothetical number, yours might be more or less) leaves you with $85,000.

Appraisal 370

Appraisal Business Training Clients 370

Cleveland Appraisal Blog

APRIL 21, 2022

Can that be the case? Let’s talk about it. Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Living next door to someone who clashes with us personality-wise, or in other ways, can be emotionally exhausting. Is that the case?

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350