article thumbnail

4 Mistakes to Avoid During Property Appraisal

East Coast Appraisal

property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. . contact. .

article thumbnail

10 Appraisal Competencies Every Property Appraiser Should Master

McKissock

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” Key appraisal competencies. ” Obtain clients / solicit business. Manage client expectations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to prepare a comparative market analysis (CMA) report

Housing Wire

It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. Successful agents create effective and accurate CMA reports that help their clients make informed decisions. Sellers would be able to carefully review comparable properties on the market as well as those that have successfully closed.

Marketing 382
article thumbnail

Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

Appraisal 417
article thumbnail

HUD settles with JPMorgan over appraisal bias case

Housing Wire

The finance giant will also begin training home lending advisors and client care specialists in the reconsideration of value process and fair lending issues related to appraisals. ” Though the bank did not admit to any wrongdoing or any appraisal bias, it moved quickly to update its policies on valuations.

article thumbnail

8 Things to Know About Commercial Real Estate Appraisal

Appraisal Hub

So if you are considering a commercial real estate appraisal in Toronto, be sure to have it done by an experienced property appraiser. You can’t go wrong with one of those established appraisal firms that have an extensive track record of providing their services to discerning commercial real estate owners.

article thumbnail

How to Speed Up the Commercial Real Estate Appraisal Process

Appraisal Hub

If speed is an important factor for your next commercial property transaction, then you need a property appraiser that works fast. But even the most efficient appraisal firms can’t do their jobs if clients don’t provide the information they need. It’s a good idea to ask the company ahead of time what they need.