Appraisal Buzz
SEPTEMBER 26, 2022
We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.” Let’s pretend market value is market value.
Housing Wire
MAY 18, 2022
CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded.
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Appraiserblogs
FEBRUARY 28, 2023
By design, his paper was strewn with nonsense. Related Posts: The Real Cause of the Home Value Gap Is the Income Gap Blaming appraisers for the income gap will never solve the real underlying problem. Almost 30 years ago, Alan Sokal, now a professor of mathematics at University College London, perpetrated a memorable hoax.
CA Realty Training
JULY 12, 2021
Eminent domain is the government’s right to expropriate private property for public use. In exchange for this, the homeowner gets compensated with the property’s fair market value. The process of eminent domain starts when the government or agency has a public interest project. How Do You Determine Fair Market Value?
Empire Appraisal Group
FEBRUARY 9, 2023
In response, some local governments are seeking workarounds to help homeowners avoid wholesale reconstruction, but because the regulations are designed to prevent future flooding damage, federal officials seem unlikely to relax the rules. In Florida, a homesteaded property’s assessed value can only increase by a maximum of 3% a year.
Appraisal Today
APRIL 26, 2024
However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. Anderson as his family’s vacation home.
The Robert Weiler Company
OCTOBER 21, 2022
Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.
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