Appraisal Today

JUNE 9, 2023

The appraisal industry mirrors this transformation, with real estate appraisers navigating new territories in their valuation assignments. Advances in technology, regulatory changes, and GSE (Government-Sponsored Enterprises) requirements have significantly influenced valuation practices, leading to new responsibilities for appraisers.

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Appraisal Today

MAY 10, 2024

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.” 1-acre lot, Built-in 1958 Architect Robert Reichert designed the home, known as the Egan House, back in 1958. percent from 7.29

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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. Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. VA Approves Desktops and Exterior-Only Appraisals.

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Appraisal Today

MAY 19, 2023

. = The Most Expensive Home in South Carolina’s History Hits the Market for $22M Located in Simpsonville, SC, the 16,000-square-foot home sits on a sprawling 54 acres designed for the horse lover. Built in 2014, the six-bedroom estate was designed to resemble an English manor. and Conditionality. Nothing wrong with that.

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Appraisal Today

APRIL 14, 2023

Similar to homes with biophilic design, water and surrounding nature can make us happier and help our overall well-being by encouraging us to spend time outdoors. Browse the following resources designed to help you avoid common appraisal errors and violations. Here are two: 1. 25 Common Errors in Appraisal Reports 2. Worth reading.

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Appraisal Today

FEBRUARY 24, 2023

Under-Valuations Unrelated to Racial Bias Exploring Alternative Explanations for Appraisal Under-Valuation A critique of FHFA, Brookings, and Freddie Mac reports on Racial Bias. They also fail to note the size of these under-valuations. As an appraiser I support fair, unbiased appraisal practices and valuations.

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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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Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

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Appraisal Today

NOVEMBER 4, 2022

Architect James Kluttz designed the place for himself and his family in 1987. It ruled that the lender did not owe the borrower a legal duty to assure that the independent appraiser’s valuation was correct. Both over- and under-valuation keep individuals, families, and neighborhoods from building wealth through homeownership.

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Appraisal Today

AUGUST 26, 2022

Can I use the cost approach as the primary method of valuation?”. In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Excerpts: Resembling a Mediterranean castle, the villa was designed by architect Bob Easton. Answer: No! Futuristic Tulsa Tower.

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Appraisal Today

APRIL 7, 2023

Carden designed and built the house beginning in 1986. Becoming a Go-to Appraiser for Realtors during a Confusing Time in the Industry Real estate agents and appraisers are taught different methods of valuation both in qualifying and continuing education as well as in the field. Was listed for $748,000 in 8/22. Built in 1960.

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Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” percent from 6.71 percent from 6.44 percent from 6.45

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Appraisal Today

FEBRUARY 23, 2024

But the waterfront building’s more-recent design is rooted in a nautical past. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.06 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.91

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Appraisal Today

FEBRUARY 3, 2023

people who think technology is the golden spoon to accurate valuations. Your designated bath house is a short stroll away and is complete with a flushing toilet and hot shower for washing up. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.19

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Appraisal Today

NOVEMBER 10, 2022

Located on approximately 5 acres overlooking the Pacific Ocean, this spectacular 25,025-square-foot megamansion was designed by architect Robert A.M. It is not necessary for one or more of the comparable sales to be of the same design and appeal as the property you are appraising. Dig deep for comparables. 3 bedroom 3 1/2 bath home.

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Appraisal Today

OCTOBER 7, 2022

The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. The multistory home bucks convention, boasting an eccentric, inverted design. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.60

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Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. Why Doesn’t Anyone Want Tulsa’s Frank Lloyd Wright-Designed Home? Nationwide, Realtor.com®

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Appraisal Today

SEPTEMBER 15, 2023

The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.04

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. She designed more than 700 buildings in California during a long and prolific career. No effect on value. I was surprised.

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Appraisal Today

AUGUST 25, 2023

It’s designed to mimic a tree growing with the branches and the roots down on the bottom, with the branches reaching up,” Steeves-Haith explains. Accurate Valuations for Effective Pricing Strategies: Appraisers can provide agents with accurate valuations through pre-listing appraisals that enable effective pricing strategies.

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Appraisal Today

MAY 26, 2023

Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. Appraisers analyze the purchase and sale contract to amass and verify data to have detailed data to use in the analytics of future assignments.

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Appraisal Today

NOVEMBER 10, 2023

The glass-fronted abode has an innovative design that reflects the trees and nature around it. “A This one was designed by the late world-renowned architect James Lambeth, who in Arkansas is a big deal.” To read more, click here My comment: The valuation/appraisal part of the article is near the end. percent from 7.86

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. His homes are as unique as he was,” says Heinrich.

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Appraisal Today

OCTOBER 6, 2023

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. Perhaps that’s by design, in this case, to make the results more compelling.

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Appraisal Today

AUGUST 13, 2023

In valuation we can either go out further in distance for comps or go back in time in the immediate neighborhood. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.09 The average contract interest rate for 15-year fixed-rate mortgages increased to 6.51

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Appraisal Today

DECEMBER 23, 2022

Modern valuation progress requires three things: 1) a clear definition of “what is a comp?” My comments: George continues on his long-time quest to really modernize residential appraisals, not just designing another type of online report or speeding up the appraisal process with AVMs and desktops. To read what more, click here.

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Appraisal Today

FEBRUARY 9, 2024

His law practice is dedicated to valuation issues. Rare Pair of Rock Homes in Palm Springs for Less Than $750K each Excerpts: Two rustic homes for sale in Palm Springs, CA, were designed by an overlooked maestro of 1920s organic architecture. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.41

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Appraisal Today

DECEMBER 16, 2022

Bill Rayburn gave a rousing and lively explanation of exactly what quality means in valuation at a recent meeting. Danish Home Designed to Showcase Its Owner’s Vintage Car Collection. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.42

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Appraisal Today

MARCH 3, 2023

I don’t think of our work confined to an “appraisal industry” because I consider the business of providing valuation services, including real estate appraisal reports, to be a profession. Million Excerpt: Designed to replicate 1600 Pennsylvania Ave. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.13

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Appraisal Today

AUGUST 12, 2022

Only check email twice a day, at designated times. I addressed some of the details of what I’m seeing in the most recent issue of the Appraisal Institute’s Valuation magazine. Peter wrote the article for Valuation Magazine, but their online version is difficult to read. so that incoming emails won’t interrupt your work.

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Appraisal Today

JANUARY 4, 2023

Earn a designation or certification (16%). I only put dollar adjustments in my appraisals if it is critical to the valuation, such as a view. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58 1-6-23 NEWSLETTER. By: McKissock (Survey).

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Appraisal Today

OCTOBER 13, 2023

And in 1992, this daring design was purchased and transformed into a single-family home, which recently hit the market for $25 million. To read more, click here My comments : Location within a school district can be an important valuation factor. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.97

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Appraisal Today

FEBRUARY 2, 2024

acre lot Designed by Robert Swatt of Swatt Miers Architects, a San Francisco-area firm that has won scores of design awards, the site-specific cantilevered house “is in a league of its own,” Newton Cane said. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.61 percent from 6.51

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The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. That’s because it’s a design most adaptable to various uses and future expansion as business needs evolve. Swimming in Success: Restaurant and Retail Rental Space.

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Appraisal Today

JUNE 2, 2023

Solutions to Keep You Safe Make sure you have a complete signed purchase contract. In the appraisal, list how many pages of the contract you have in your possession (In case someone is hiding pages from you). The Glass Ladies were designed by Alon Zakoot and constructed over a period of seven years. percent from 6.69

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Appraisal Today

MAY 5, 2023

The Valuation of Condominiums, Cooperatives, and PUDs – Book Review. That is, to Designate appraisers, Advocate for appraisers, and Educate appraisers (DAE). The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.50 Limited competition. On my bookshelf.

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