Cleveland Appraisal Blog

JULY 6, 2022

Last month, I was on the phone with an attorney for the opposing side, trying to coordinate a time with their client to schedule the appraisal inspection of the marital home in a divorce case. Of course, if our clients require it, then it becomes a USPAP requirement on the assignment that we perform for them. It was easy to do.

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Inspection Appraisal Technology Clients 369

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. Even if a mortgage broker or conventional lender is unable to fund the transaction, they might be able to refer.

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Real Estate Investing Investors Renovations 381

Chicagoland Appraisal Blog

AUGUST 1, 2023

Whenever you come across “see addendum,” simply refer to the relevant addendum then return to the main appraisal document to continue. Letter of Transmittal The letter of transmittal is a cover letter or introduction written by the appraiser to the client.

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Appraisal Legal Construction Appraisal Process 148

McKissock

AUGUST 30, 2022

A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients. Educate your appraisal clients. You might be surprised at your client’s response if you take the time to educate him or her.

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Appraisal Clients Inspection Lending 81

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. The post The Value of Words in Valuation appeared first on Appraisal Buzz. Standards rule 2-2 specifically.

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Valuation Contracts Appraisal Legal 360

Simonson Real Estate

APRIL 27, 2020

One thing that isn’t changing is our enthusiasm to deliver credible analysis for our clients while simultaneously providing guidance to our colleagues. The client should be clear that the appraisal is performed at a point in time and that the market value opinion is – as of a certain date – the effective date.

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Real Estate Appraisal Valuation Clients 78

Appraisal Buzz

FEBRUARY 7, 2022

Desktop refers to a scope of work where the appraiser did not perform any level of viewing of the property and relied on other sources to gather property details. All three labels refer to the scope of work completed by the appraiser when completing the assignment. Desktop Process Challenges & Risks. Conclusion.

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Appraisal Inspection Development Technology 435

The Robert Weiler Company

APRIL 12, 2023

With recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment (also referred to as a reappraisal) is underway.

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Property Appraisal Property Taxes Real Estate Valuation 148

McKissock

APRIL 12, 2022

.” Instead of having to look up your name and details to refer you, they can drop your brand name. You can incentivize referrals by rewarding clients who send you business. Offer a bonus like a gift card when clients send new customers your way. Don’t be afraid to ask satisfied clients for referrals.

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Business Appraisal Real Estate Clients 70

Dart Appraisal

APRIL 9, 2021

Whether the subject property is land or an existing residential structure, the appraisal concept of HBU determination becomes crucial in this type of valuation. The answer to that question is referred to as the HBU of the property. Dart Appraisal recently received an appraisal order that was marked as residential by the client.

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Valuation Legal Clients Appraisal 68

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

The technology enables quick and accurate floor plan calculations, which are crucial for various aspects of the real estate industry, including property valuations, marketing materials, and legal documentation. Who knows, they might be the ones referring you to potential customers, inviting you to a conference, or as a speaker on a podcast.

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Marketing Real Estate Agent Real Estate Appraisal 300

McKissock

SEPTEMBER 10, 2020

This is especially true where there is a business component to be considered, as would be the case with senior living, hotel valuation, or hospitals. Business components in special purpose properties are often referred to as “intangibles.” Value in use requires considering the business as a going concern.

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Appraisal Valuation Real Estate Design 54

The Robert Weiler Company

SEPTEMBER 30, 2020

The obligation to the client isn’t met. clarify references and data to ensure that all parties (including the jury) understand the information. A real estate appraisal review is an excellent tool for a recently conducted commercial appraisal, to check if market comps and other property valuations remain the same.

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Real Estate Appraisal Property Appraisal Valuation 137

Birmingham Appraisal

SEPTEMBER 26, 2023

Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area. Pressure from Clients Real estate professionals, including agents, often face pressure from clients to incorporate outlier sales into their Comparative Market Analysis (CMA).

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Real Estate Agent Real Estate Clients Agents 89

The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need. So, how are businesses valued?

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Valuation Business Buyers Market Value 147

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The reconciliation is based on the appraiser’s judgment of the results developed as part of the valuation process and must never be an averaging technique with the exception of the use of a weighted average technique that includes a proper explanation. The quote I am referring to is at the end of this clip. Appraisers are. AN EXAMPLE.

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Development Appraisal Market Value Valuation 337

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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Appraisal Process Real Estate Appraisal Easement 78

Housing Wire

JUNE 7, 2024

To succeed in real estate, it’s essential to have affordable, efficient tools for generating, nurturing, and converting leads into clients. When a potential buyer or seller lead searches for homes or a home valuation on Google, they are driven to your site by ads created and managed by Zurple’s advertising experts.

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Tools Advertising Real Estate Sellers 323

AmeriMac

JANUARY 15, 2024

The appraisal report provides an accurate valuation of the property, which is crucial for both buyers and sellers in real estate transactions. Once the appraisal process is complete, appraisers prepare a detailed appraisal report that includes their findings, valuation, and supporting data. What Does a Home Appraiser Do?

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Appraisal Appraisal Process Valuation Real Estate 36

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Ask them for their resume and a list of two or three references. The references should be current or previous clients, and at least one should be from the community. Follow up with the references for your selected candidate. Appraisers normally use in-house databases of recent sales and price trends to compile valuations.

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Real Estate Appraisal Valuation Loan Officers 36

The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. Note: A commercial property valuation is considered the equivalent of an appraisal, and the words are sometimes used interchangeably. You may need a commercial valuation for many reasons.

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Real Estate Appraisal Property Appraisal Valuation 60

Simonson Real Estate

SEPTEMBER 25, 2020

Topics have centered around appraisals and valuation concerns in the current market environment. Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal? For reference, the all-time high was 10.34% in July 2012. In July 2020, I participated in a Bisnow webinar sponsored by Larkin Hoffman.

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Valuation Appraisal Marketing Real Estate 130

Housing Wire

JUNE 7, 2024

It’s important to be intentional and choose strategies that give you the highest likelihood of meeting and connecting with your ideal clients. Rather than wasting time and money trying many different tactics to find clients, a detailed plan allows you to focus on just a few. You need to reserve enough energy to serve your clients well.

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Real Estate Marketing Agents Tools 351

Genworth MI Blog

AUGUST 31, 2022

They are required to refer concerns impacting livability, soundness and/or structural integrity to a more qualified expert for further assessment. Q: How do automated valuation models (AVMs) come into play in the appraisal process? Additionally, appraisers are only qualified to comment on the observed condition of a property.

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Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

JANUARY 10, 2024

Success depends on how well (and how quickly) you can combine your own marketing skills with the right tools and support systems out there to help you convert leads into clients. Agents do pay for these leads, with Zillow’s “Zillow Flex” now taking a percentage of commissions from referred leads.

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Real Estate Real Estate Agent Tools Agents 326

Appraisal Today

JANUARY 13, 2023

Surprisingly, few appraisers use speaking opportunities to attract new appraisal clients. In a 2020 Voice of the Appraiser study by Valuation Review, 46% of appraisers listed low fees as the greatest concern for their profession. FHFA: Reducing Valuation Bias by Addressing Appraiser and Property Valuation Commentary.

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Appraisal Real Estate Valuation Law 52

Appraisal Today

APRIL 19, 2024

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. In his private practice, Durbin focuses on complex residential valuation challenges. He has been around for a long time.

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Appraisal Contracts Valuation Design 68

Appraisal Today

NOVEMBER 4, 2022

It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. Communicating with non-lender clients: Very, very different from lenders!! Appraiser list Internet, referral, previous client. How got your name. Property inspection date.

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Reconsideration of Value Appraisal Inspection Advertising 52

Walitt Solutions

JULY 28, 2019

However, given current changes in the valuation space, nothing is further from the truth: valuation, specifically the collection of data that supports a valuation method, has never been one-size-fits-all. Are these “other” inspection-and-valuation processes appropriate for lending?

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Appraisal Inspection Valuation Lending 28

D Fritz Appraisals

OCTOBER 22, 2019

It’s encouraged to evaluate the appraiser’s experience level and ask them for a short biography (often provided on the company’s website in the About Us section) and a list of two or three references (testimonials) from current or previous clients. Level of Support.

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Appraisal Property Appraisal Real Estate Appraisal Process 78

Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. Lenders and appraisers can also refer to Exhibit A for more information. I always recommend VA as the best lender client for appraisers.

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Appraisal Valuation Contracts Modernization 59

Housing Wire

NOVEMBER 5, 2023

It’s a method to establish and nurture relationships with both potential clients and other stakeholders within a defined area. It makes me nuts when I see a real estate agent offering “free home valuation” as if that is something special. The home valuation offer “Hello, I’m [Your Name] with [Real Estate Company].

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Real Estate Tools Real Estate Agent Agents 205

Housing Wire

NOVEMBER 13, 2023

Course also covers Florida Real Estate Law and Contracts, Valuation, appraisal, financing, federal income tax laws, zoning and planning, environmental issues & more. Visit Prolicense Florida The CE Shop: Best Florida real estate school for getting the highest course exam score Overall Rating 4.8 / 5 Rating: 4.5

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Real Estate Real Estate Agent Agents Law 383

McKissock

NOVEMBER 3, 2020

Then you can bring on new clients; you’ll have sufficient staff for higher-volume periods—and, while you’re training the new people, you’re revisiting the basics and refreshing your own skills. Refer a friend. By adding trainees, you add elasticity to your operation once they’re past the initial learning curve.

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Appraisal Training Business Property Appraisal 75

Quicken Loans

JUNE 3, 2021

The most successful realtors and agents are finding ways to incorporate technology into their practices to increase their efficiency and draw in more clients, but the rising popularity of iBuying platforms has led to a whole new wave of trepidation. Opendoor will even give agents a 1% fee if they refer unrepresented sellers.

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Sellers Buyers Agents Real Estate Agent 55

Walitt Solutions

DECEMBER 6, 2019

Another common question from appraisers, clients, lenders, and appraisal management companies is “What do we really mean by ‘workfile’?” Instead, it can be a combination of paper, electronic documents, and references to other locations. A Warning on References to Other Locations for Workfile Content.

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Appraisal Training Agents Inspection 28

Housing Wire

APRIL 4, 2023

(…) What is a part of that that we can potentially look at to make a little bit better because ultimately it’s going to be expanding underwriting in some fashion to include these aspects that might help us identify clients that are getting turned down now but are likely going to be good credit risks for us,” Stucky said.

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Technology Finance Training Valuation 385