Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Portland Appraisal Blog

APRIL 14, 2019

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Which is a legal no-no.). It’s not fair. Read the report!

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Zillow

JULY 15, 2019

Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. Inspection occurs when the home is under contract or in escrow. Loan-to-value ratio (LTV) : The amount of the loan divided by the price of the house.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

FEBRUARY 16, 2024

Never use a lending form (such as a 1004) for estate work. Get the relevant date of value from the client or client’s attorney. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return).

Appraisal 81

Appraisal Contracts Training Architecture 81

Appraisal Today

APRIL 1, 2023

Never use a lending form (such as a 1004) for estate work. Get the relevant date of value from the client or the client’s attorney. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” Yes, appraisers do this. percent from 6.71

Clients 52

Clients Appraisal Contracts Business 52

Appraisal Today

SEPTEMBER 9, 2022

Get the relevant date of value from the client or client’s attorney. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Excerpts: 2. But not one at a time.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52