Appraisal Buzz
JUNE 7, 2021
In 2015, I designed the Market Machine, a technological tool used by appraisers and other valuation professionals. Buzz : How should AMCs handle a reconsideration of value (ROV)? Josh : If the AMC knows how to handle a revision request, they already know how to handle a reconsideration of value (ROV).
Housing Wire
FEBRUARY 24, 2023
The pain points have been well documented by the PAVE Action Plan and supported by numerous research papers, so I won’t spend a ton of time here except to marvel at the range and complexity of pain points. Like any good product exercise, we need to define the pain points before we talk about solutions.
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McKissock
DECEMBER 28, 2021
Appraisers should consider learning more about desktop appraisals and the hybrid/bifurcated appraisal process and using remote inspection tools such as RemoteVal ,” she advises. The top ones are reconsideration of values, and growing prevalence of desktop appraisals. These are expected to be significant and far-reaching.
Appraisal Buzz
FEBRUARY 7, 2022
That being said, the floor plan is a tool to factually represent how improvements and living spaces are configured, and is illustrative of the functional aspects of the improvements. Today, for traditional appraisal products, floor plans are only required when the appraiser makes a determination of a functional issue with the floor plan.
Portland Appraisal Blog
APRIL 14, 2019
Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? In short, a reconsideration of value is another appraisal. I routinely grid sales 12-24 months old and then use time indexing to bring the value current.
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