Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. But when the FHFA hunted for examples of racial bias by keyword searching the free-form commentary section in millions of appraisal reports, it found thousands of references to race and ethnicity.

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The Appraiser Coach

MARCH 19, 2024

As a real estate investor, I have the opportunity to rub shoulders with all kinds of people, even other appraisers on occasion. With a recent house purchase in another state, I got a call from the appraiser of this property as he was planning a visit out there. To get the mix just right, you need a little bit of both.

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Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!

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Appraisal Buzz

MARCH 14, 2022

Appraisals for mortgage finance transactions are subject to many levels of scrutiny and review. Post submission of an appraisal report ordered by an AMC for lending purposes, a quality control check of the report will be completed. Fannie Mae requires lenders to conduct Quality Control reviews on a random sample of their appraisals.

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Housing Wire

NOVEMBER 20, 2020

Recent tech innovations have targeted point of sale or specific underwriting tasks to improve operational efficiencies, leaving the manual review of appraisals as an underexplored area ripe for digitization and automation. It would need to analyze the appraisal based on risk factors like quality, complexity and value,” he said.

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Housing Wire

DECEMBER 6, 2021

A San Rafael, California real estate appraiser is being sued for allegedly undervaluing a home by almost 50% because the homeowners are Black. Miller of Miller & Perotti Real Estate Appraisal and AMC Links LLC , an appraisal management company headquartered in Lehi, Utah.

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Cleveland Appraisal Blog

AUGUST 25, 2022

How can you capitalize on your first investment property? I welcome back guest blogger and Author, Jessica Brody, who shares some tips with us on how to do so. Today, Cleveland Appraisal Blog shares a few tips for first-time investors. Decide on How to Proceed. Determine How Much You Can Afford.

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Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Have you ever read thru an appraisal report? The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. When completing an appraisal, there may be four values.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate?

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Housing Wire

MAY 23, 2023

In the past few years, appraisal bias has come to the forefront of conversations about appraisals and how they can be improved. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. We often hear the statistic that the average appraiser is a 57-year-old white male.

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Cleveland Appraisal Blog

SEPTEMBER 21, 2023

I’m sure you’ve read my articles on how much I love using CubiCasa. Anastasia Corjan reached out to me a little over a year and a half ago to invite me to be an Appraisal Ambassador for them. How did you start your work at CubiCasa and what was your career highlight? The answer is no.

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Marketing Real Estate Agent Real Estate Appraisal 300

Housing Wire

FEBRUARY 12, 2024

How much home can I afford today? So how do you build that trust and credibility? So how do you build that trust and credibility? And how can you confidently talk to clients and potential clients about their mortgage needs? When are interest rates going to come down? It can also be quite emotional and stressful.

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Appraisal Buzz

JULY 27, 2021

Afterall, it could be an appraisal order from a new customer, a potential homeowner, a local bank, or … Read More. The post How to Stop Wasting Time on Spam Calls appeared first on Appraisal Buzz. Your phone rings, it’s a local number and you answer right away.

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Cleveland Appraisal Blog

OCTOBER 27, 2022

Are you anticipating having your home appraised? How can you prepare for the inspection? While she is not an appraiser, I am, and I agree that these things can help! When selling or refinancing a house, an appraisal is typically necessary. Here are our best tips on how to prepare for a home appraisal.

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Appraisal Inspection Buyers Advertising 384

Housing Wire

MARCH 8, 2024

In return, Hometap receives an agreed-up percentage of the sale price or current appraised value. In return, Hometap receives an agreed-up percentage of the sale price or current appraised value. “We Read on for Hometap’s business model and areas of potential partnerships with other players in the housing industry.

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Appraisal Buzz

MAY 11, 2021

Technology is constantly changing the appraisal industry. Learning how to adopt—and adapt to—the new technologies can help you become more efficient and generate more income. To find out, we asked real estate appraisers, “What ONE technology tool makes your life easier as an appraiser?”

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Realvals

JULY 29, 2022

Reading an appraisal report for the first time can be quite daunting. Whether you are a first-time homeowner or it’s your first time reading an appraisal for any reason, it’s quite a lot of information to take in at once. I will use this uniform residential appraisal report sample for this article.

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Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. Okay, maybe not.

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Appraisal Buzz

MAY 11, 2022

Today’s Buzzcast interview is with Mel Black, Certified Residential Appraiser, Licensed real estate broker, and McKissock Learning’s Director of Appraisal Innovation. We sat down with Mel and Jim Morrison, VP of Marketing and Sales for Allterra Group, to discuss appraisal disciplinary cases and how appraisers can learn from them.

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Housing Wire

FEBRUARY 12, 2024

In business for close to two decades, The CE Shop offers real estate exam prep, continuing education, and broker licensing courses, plus programs for prospective mortgage and appraisal professionals. The CE Shop also provides licensing and qualifying courses for mortgage and appraisal professionals.

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Appraisal Buzz

AUGUST 2, 2021

Our latest edition of the Appraisal Buzz Magazine is now showing up in mailboxes all across the country! Our cover article is an incredibly insightful conversation on racial bias in the appraisal industry. We have articles to help appraisers, AMCs, and lenders grow in every aspect of their business.

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Cleveland Appraisal Blog

DECEMBER 24, 2022

Read on for some pointers from Cleveland Appraisal Blog. Read on for some pointers from Cleveland Appraisal Blog. This week I welcome back guest blogger, Shirley Martin, who answers these questions in this article. I hope you enjoy it! What to Expect When Undertaking These 4 Common Home Renovation Projects.

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Renovations Appraisal Home Improvement Buyers 303

Chicagoland Appraisal Blog

AUGUST 1, 2023

Reading a home appraisal might feel overwhelming at first, but worry not! While each appraisal may have slight variations, the following structure offers a general roadmap to help you smoothly navigate through it. Before you know it you’ve carefully read and understood the appraisal.

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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. For appraisals required to be Uniform Appraisal Dataset (UAD) compliant, you must indicate the type of sale for the transaction.

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Appraiserblogs

MARCH 8, 2023

Appraisers, something – comparing and contrasting – dawned on me last week, after reading another news release titled “Dean Kelker: Appraisal Modernization is Starting to Gain Momentum“, which is basically pushing an “Enterprise” singular ‘agenda’ of valuation speed regardless of accuracy. Under the banner of “modernization.”

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Appraisal Today

MARCH 8, 2024

But backing up, part of the fun of working in real estate is figuring out how to answer questions like this in a way that is balanced and hopefully reflective of the sentiment in the marketplace. I started appraising in 1975 and this was an issue then, continuing today. The legislator behind the bill happens to be an appraiser.

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Appraisal Contracts Real Estate Housing Market 81

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. Appraisers are able to do what is referred to as a “ subject to appraisal ” by looking at the scope of work that owners may want to do.

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Renovations Appraisal Real Estate Agent Construction 75

Appraiserblogs

JULY 6, 2022

How Does an Eminent Domain Attorney Critique and Review An Appraisal Upon Which His Client’s Just Compensation Is Based? Attorneys representing property owners and appraisers responsible for documenting the value of the property being taken often work together in an eminent domain case. Why Are Appraisers Banned?

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Valuation Legal Appraisal Development 124

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

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Appraiserblogs

JULY 25, 2022

Can someone explain how we should voluntarily follow ANSI standard on desktop appraisals? Appraisers, Fannie Mae has released a new FAQ document to help you understand how to implement and adhere to their ANSI measuring and reporting requirement. Appraisers, an appraiser…. Appraisers will be….

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Appraisal Today

FEBRUARY 23, 2024

I’m just trying to understand what the market is doing… To read more and see the graphs with excellent illustrations, Click Here My comments: Very good tips from Ryan. I quit making dollar adjustments on form appraisals many years ago, but I always do market conditions adjustments when needed. Look to the comps most of all. million.

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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.

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Appraisal Contracts Valuation Design 67

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 86

Appraisal Today

MARCH 22, 2024

To read more, Click Here My comments: Worth reading. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! waterfront), and amenities. Good analysis of factors in comp selection. Excerpts: 10 bedrooms, 14.5+

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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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Appraisal Inspection Modernization Business 69

Appraiserblogs

MARCH 24, 2022

Appraisers historically have been sold bogus franchises, software, and other magic solutions. Not other appraisers, not AVMs, not even their PhD-economist-statistician-computer-clever programmers have ever discovered before.” We read articles and advertisements on how to prove an adjustment. How wonderful it would be.

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Advertising Appraisal Marketing 121

Appraisal Today

DECEMBER 29, 2023

Understanding Functional Obsolescence in Appraisals By: McKissock Excerpts: For appraisers, functional obsolescence can be a challenging concept because the elements that influence property values may not be obvious or immediately apparent. To read more, Click Here My comments: All appraisers see functional obsolescence.

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