D Fritz Appraisals

MAY 9, 2022

How is a house divided in a divorce? That’s the question we’ll answer in this blog post as well as many other questions about splitting assets after separation. . Everyone feels the need to find that special someone to share their life with. You want to share your world with your partner, and they want to share it back.

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Appraisal Today

APRIL 19, 2024

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers. It is human nature.

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D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. How Do I Get Ready for the Appraisal on My House?

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Whether you’re a seasoned appraiser or new to the field, having a better understanding of rural properties is essential for providing credible appraisals. Well written.

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McKissock

JANUARY 6, 2023

At the end of the holiday season, we start hearing the phrase repeatedly used in weight loss industry advertisements, “New Year, New You!” January is the Black Friday of the weight loss industry, with gyms, exercise equipment manufacturers, and of course the diet and diet supplement companies, all promising a “New You!”.

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Appraisal Today

DECEMBER 8, 2023

OK to average adjusted comps on appraisal? In other words, Fannie Mae does not want you averaging the indicated values from the Sales Comparison Approach, Cost Approach, and Income Approach in order to arrive at an opinion of value. Worth reading, plus the appraiser comments. bath home was designed by local architect Rich Young.

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Birmingham Appraisal

NOVEMBER 8, 2022

What Information Is Included In A Real Estate Appraisal Report? This is a question I often get when someone is ordering an appraisal. I perform appraisals for multiple reasons, including estate planning , probate , divorce , PMI cancellation , pre-listing , and pre-purchase. Appraisal Process.

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Appraisal Today

NOVEMBER 25, 2022

More Crazy Appraisal Stories! Excerpt: Restraining Orders & Appraisals – Never a Great Mix. The majority of my appraisal work is on divorces and estates, both of which have their fair share of crazy stories. I was appraising a home for a divorce several years ago. Crazy Appraiser Stories!!

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Quicken Loans

DECEMBER 3, 2021

Below, we’ve assembled some of the most frequently asked VA loan questions to help you understand your benefits. One of t he biggest advantages is the ability for veterans and service members to purchase a home with no money needed for a down payment. You spent at least 181 days in active service during peacetime.

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Appraisal Today

JULY 7, 2023

Appraiser Countersues Black Plaintiffs Who Alleged Discrimination by Isaac Peck, Publisher WorkingRE There are now a number of lawsuits facing appraisers where the primary allegation is racial discrimination. I assume that since I had been appraising in high crime neighborhoods, I became prejudiced. Tate-Austin v.

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Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. The answer is, Yes!

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Appraisal Today

FEBRUARY 10, 2023

Fastapp AMC Alleged Violations of AIR (Appraiser Independence Requirements) Excerpts: The following court documents in the case Naftali Horowitz v. it began to become apparent to Andrews that Horowitz was not complying with appraisal independence standards. . … Nicole Andrews, Fastapp AMC founder v. 1639e(b)(3). …

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Appraisal Today

JANUARY 27, 2023

Appraisal Changes By Dan Bradley Excerpts: On January 18, 2023, HUD issued an announcement regarding revisions made to Handbook 4000.1. The most significant of these revisions was the elimination of the requirement to include the 1004MC form as an attachment to the appraisal report. so you can skip over most of it.

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Appraisal Today

SEPTEMBER 23, 2022

Excerpts: Commentary from a (Ryan) appraisal: Here is a bit of commentary in one of my recent appraisal reports. This is only part of what I say because I’m a man who needs a few paragraphs. Will we see smaller homes more often as first-time buyers flood the market? One box just isn’t enough. “At by Isaac Peck, Editor.

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Appraisal Today

FEBRUARY 3, 2023

23, 2023 My comment: This only applies to residential lending appraisals, of course. My non-lender appraisals have changed very little with few, if any new “requirements”. That’s an outlay of significant cash BEFORE actually connecting with an appraiser who will put the PAREA-educated appraiser to work.

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Quicken Loans

APRIL 12, 2021

It can be hard to pass up a good deal, especially when it’s on a large purchase like a home. That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. Home in foreclosure : a property going through the foreclosure process. What Is Foreclosure?

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. To read more, Click Here My comments: Check out the very good graphs.

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Appraisal Today

JANUARY 4, 2023

Appraisers Share Their Top Professional Goals for 2023. I would like to turn over my appraisal business to my daughter, who is certified.”. After 23 years in appraising, which was very beneficial for me and my customers, I’m preparing for retirement.”. To read more, including personal comments from appraisers, click here.

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Appraisal Today

NOVEMBER 20, 2022

Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. Excerpts: In the recent past, when appraisers were swamped. Even with the Collateral Underwriter program review, appraisers were overwhelmed. Tier 1 appraisers have little to fear but tier 2 and 3 appraisers….

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Appraisal Today

SEPTEMBER 2, 2022

How to Handle Appraisal Pressure and Stay Ethical? Excerpts: There’s no simple and easy way to deal with appraisal pressure. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients.

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Appraisal Today

AUGUST 12, 2022

Appraisers: How to spend less time on Email. Excerpts: Many appraisers report that they’d like to spend less time on email. Status requests from AMCs typically require you to log in to their system and go through the process of updating the order status on their website. Appraisal Business Tips . Humor for Appraisers.

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Appraisal Today

DECEMBER 30, 2022

Senate has announced the passage of HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022. Establish the use of waivers or other alternatives to existing appraisal processes. Needs Biden’s signature. My comments: Read the appraisers’ comments. Are you doing VA appraisals?

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. Another tricky HBU issue in California!

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