Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue. But democratizing the data they have available would benefit policy development.”

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Appraisal Hub

FEBRUARY 15, 2024

For commercial properties, this also involves analyzing the business environment and potential for income generation. Physical Inspection: A thorough inspection of the property to assess its condition, quality of construction, and any features that may affect its value. At Appraisal Hub Inc.,

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Housing Wire

MARCH 3, 2021

The answers to these questions will be supplied to the test taker, but they will have to figure out where those answers can be found within the book on standards, called the Uniform Standards of Professional Appraisal Practice (USPAP). Soon after, the Appraisal Foundation took control of USPAP. 31, 2022.

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Housing Wire

NOVEMBER 30, 2021

It is encouraging that the FHFA has decided to permanently allow desktop appraisals, and that is a good start. The agency would be well served to also adopt hybrid appraisals and inspection-only waiver policies as additional options to today’s GSE appraisal waivers.

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Appraisal Hub

MARCH 5, 2021

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. You as the investor or borrower need to do your part to speed things up.

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Housing Wire

OCTOBER 10, 2023

Property appraisal information Detailed outline or description of each property. These details are more relevant and appropriate in an appraisal. Unlike Properties: Omit any properties in completely different locations or those in a different size or price range. CMA reports are simple and effective tools.

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D Fritz Appraisals

JANUARY 8, 2022

Seeing how useful aerial photography has been in creating real estate listings, real estate appraisers are now also beginning to see the value in adding drone technology to their toolkits. . When combined with old-fashioned boots on the ground, the use of a drone for real estate appraisals can upgrade a property inspection.

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McKissock

MARCH 17, 2023

As an experienced appraiser, there are many reasons you may decide to take on a trainee. property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. You might be looking to grow your business, delegate tasks (e.g.,

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McKissock

MAY 18, 2021

The scope of work must disclose the extent the property was inspected. USPAP states that appraisal reports for real property must contain a signed certification indicating whether the appraiser has or has not personally inspected the subject property. Property inspection disclaimer.

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AmeriMac

OCTOBER 30, 2023

The appraisal industry has undergone a significant transformation in recent years, with the emergence of alternate valuation products like the property inspection waiver program. Join us as we explore this exciting new development in real estate appraisal. The COVID-19 pandemic has also accelerated their use.

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Appraisal Today

MARCH 15, 2024

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. Transaction costs are added to every property transaction. Answer: No.

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McKissock

FEBRUARY 23, 2021

Want to know which CE courses are trending right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to online appraisal classes and a variety of professional development videos, checklists, and other resources. Residential Property Inspection for Appraisers.

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McKissock

DECEMBER 28, 2021

Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. Appraisers should consider learning more about desktop appraisals and the hybrid/bifurcated appraisal process and using remote inspection tools such as RemoteVal ,” she advises.

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McKissock

AUGUST 21, 2020

It’s also a good idea to review the appraisal reporting requirements. USPAP STANDARD 2 clearly states the minimum content requirements for reporting a real property appraisal. Reporting the scope of work is required in all appraisal reports, but it is especially critical in limited scope appraisal assignments.

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Clear Capital

MARCH 4, 2022

What is a desktop appraisal? Desktop appraisal meaning and definition. A desktop appraisal , also known as an appraisal without an onsite inspection, is a faster way to complete an appraisal for a home loan. These appraisals often use robust digital software to analyze property data from public records.

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The Robert Weiler Company

SEPTEMBER 16, 2022

Conservation easements are voluntary land use agreements where the landowner agrees to protect a portion of the land they own from future development, often in perpetuity. A conservation easement allows for a property to remain in its natural state and can include forest and nature preserves. What is a Conservation Easement in Ohio?

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DataMaster

MARCH 17, 2021

This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Until the last year or two, the wording of this Advisory Opinion seemed sufficient to satisfy any of the needs of appraisers to avoid the appearance of bias in their appraisals.

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The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? The data is then analyzed and used to develop opinions of value.

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Robinson Appraisal Group

NOVEMBER 16, 2018

The Market Conditions Addendum was required with all one- to four-unit property appraisals performed on or after April 1, 2009. The form is broken down into categories of time to include comparable settled sales in the past 90 days, the prior 4 – 6 months and the previous 7 – 12 months from the date of inspection.

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Appraisal Today

AUGUST 18, 2023

Be sure to put in a comment requesting it. == The Future of Property Appraisal: Unveiling the UAD Redesign and New URAR By: McKissock August 15, 2023 At the recent Valuation Expo conference in Las Vegas, Heather Sullivan (Aloft), Ken Defeo (Fannie Mae), and Sean Murphy (Freddie Mac) provided a peek at some of the upcoming changes.

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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. The appraiser also collects data on recent sales of similar properties in the market area to establish a basis for comparison.

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The Robert Weiler Company

NOVEMBER 9, 2022

If your desired area passes our flying colors criteria, it’s time to find the commercial property you want to invest in. Hundreds of international companies call Columbus their home, including Battelle Memorial Institute, the world’s largest private research and development foundation. What does that mean?

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DataMaster

MARCH 17, 2021

This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Until the last year or two, the wording of this Advisory Opinion seemed sufficient to satisfy any of the needs of appraisers to avoid the appearance of bias in their appraisals.

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DataMaster

MARCH 17, 2021

This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Until the last year or two, the wording of this Advisory Opinion seemed sufficient to satisfy any of the needs of appraisers to avoid the appearance of bias in their appraisals.

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AmeriMac

JANUARY 3, 2022

They use information about these comparable homes to develop a fair value given the current conditions of the market. Note that this is an entirely separate process from something like a home inspection. The easy way to think of it is that an appraisal is entirely focused on determining the true value of a home.

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AmeriMac

JANUARY 3, 2022

They use information about these comparable homes to develop a fair value given the current conditions of the market. Note that this is an entirely separate process from something like a home inspection. The easy way to think of it is that an appraisal is entirely focused on determining the true value of a home.

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Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference.

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Birmingham Appraisal

FEBRUARY 8, 2023

Appraisals can be performed for other reasons besides lending, however, for purposes of our discussion here we’re going to be discussing an appraisal that is done in order to obtain a mortgage loan. If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about.

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PennyMac

JUNE 28, 2022

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. The agency will use the data from the inspection to plan for flooding emergencies. Lead-Based Paint Inspection. It usually costs about $300 for this inspection. Pest Inspection.

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The Robert Weiler Company

OCTOBER 15, 2021

Tip #5: Hire a professional Ohio real estate appraiser to assess the Columbus, Ohio commercial property for sale before signing. In addition to hiring an attorney, assemble a team of experts, particularly professional commercial property appraisers to assess the property prior to signing.

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AmeriMac

JANUARY 30, 2024

In some parts of the country, large lots or manufactured homes may have a lower value compared to comparable homes in urban development. It’s essential to stay informed about HUD rules, as they directly affect the appraisal process under the HUD HECM program. How FHA changes influence your reverse mortgage appraisal?

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Walitt Solutions

SEPTEMBER 5, 2019

a different property, a new full interior-and-exterior inspection, a long turn time or inappropriate fee, a disruption to their borrower (even though you mean none of those things). New assignment”, for most intents and purposes, is appraisal-speak: it has meaning to the appraiser – but not necessarily to the client.

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Realvals

JUNE 18, 2023

By getting an appraisal, you can substantiate your claims and provide evidence to support your position. It’s not uncommon for property owners, insurance companies, or tax authorities to have contrasting opinions on the value of a property. An appraiser does not provide this information in the report.

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Appraisal Today

NOVEMBER 20, 2022

Due to the shortage of review appraisers (exacerbated by low fees and time pressures), tens of thousands of poorly created appraisals were accepted without receiving adequate review. Many appraisers were bragging about their ability to fill out two or three appraisal forms a day and receive no call-backs from lenders. .

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Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines.

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Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It did not even though many lots nearby were developed.

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