10 Appraisal Competencies Every Property Appraiser Should Master

Appraisal Buzz

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” Key appraisal competencies Manage business expenses.

StoicLane acquires Brentwood Property Appraisal

Valuation Review

StoicLane, a long-term growth platform, recently announced it completed the acquisition of Brentwood Property Appraisal. Brentwood is an AMC focused on the high-end residential market in California, New York, New Jersey, D.C., and Florida. Read on for more details of this transaction

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Property Appraisals: What You Need to Know

Appraisal Hub

A property appraisal is also known as real estate appraisal and it can help you learn your property’s real market value in Toronto. Here are more things you must know about the getting your property appraised: Understanding appraisals. Appraisals

A Few Surprising Factors That Can Affect Property Appraisals

Appraisal Hub

Its location, land size, and the current status of the real estate market in Toronto obviously have a huge impact on the value of your property. But did you know that there are many other elements that can help you get a higher appraisal? AppraisalsSelling your home soon?

Corridor Capital, Nationwide Property & Appraisal Services announce acquisition

Valuation Review

Nationwide Property & Appraisal Services, LLC, a portfolio company of Corridor Capital, completed its acquisition of First Choice Appraisal Management, Inc. FCAM). The transaction was also in partnership with FCAM founder Jeff Richards and CEO Jim Baumberger, Corridor Capital announced in a release. Read on for more terms of this acquisition

Have You Had Your Property Appraised?

Aedis Appraisals

If you are a property owner, you may be used to having a lending institution order an appraisal of your home. However, you may also want to consider having your property appraised independently. Maybe you feel you are paying too much in property taxes.

FHFA takes a swing at racial bias in appraisal

Housing Wire

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. Numerous appraisal reports cited the ethnic or racial makeup of neighborhoods, in percentages or, sometimes, using more expressive language.

Is Property Appraisal an Art or a Science?

AmeriMac

A property appraisal is a process of estimating the value of real estate. Appraisals are almost always used in purchase and sale transactions, where they are used to determine if a home’s price is appropriate for its location, condition and features.

Property Appraisals: What You Need to Know

Aedis Appraisals

Regardless of whether you happen to be the buyer, owner, or seller of a property, it’s important to understand the significance of appraisals and how they affect the inherent value of the property in question. What Is an Appraisal and When Do I Need One?

Is Property Appraisal an Art or a Science?

AmeriMac

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both.

Is Property Appraisal an Art or a Science?

AmeriMac

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both.

Is Property Appraisal an Art or a Science?

AmeriMac

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both.

Appraisal Blog The Realtor’s Guide to Appraisals, Part 3 How Appraisers Choose Comps

Riverfront Appraisals

In this blog post, we’ll discuss the various methods for choosing comparable sales, just the way an appraiser does. The post Appraisal Blog The Realtor’s Guide to Appraisals, Part 3 How Appraisers Choose Comps appeared first on Riverfront Appraisals.

The Loan Officer’s Guide to Appraisals Part 6:  How are FHA Appraisals Different From Others?

Riverfront Appraisals

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others?

The Loan Officer’s Guide to Appraisals Part 12:  Frequently Asked Questions

Riverfront Appraisals

We made it to the end of a year-long series called the Loan Officer’s Guide to Appraisals! If you’ve read each post, or listened to each accompanying podcast over at The Appraisal Cast, thank you! Well, we did it!

The Loan Officer’s Guide to Appraisals Part 7:  How Can the Appraisal Process be Sped Up?

Riverfront Appraisals

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

The Hidden Value in Transitional Properties

Boston Appraisal

The backbone of any real estate appraisal is the highest and best use analysis. All properties have a highest and best use – and this is not always the current use. There are four qualifiers that help to determine the highest and best use of a property.

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What is considered a bedroom?

Aspen Appraisal Group

There are spaces in homes that many want to be considered a bedroom because it will add more value to the property. That’s where an appraiser comes in. We thought it best to go straight to our Chief Appraiser, Matt Frentheway. In a recent session of “Ask the Appraiser Live!”

FHA Appraisal Tip – Low Water Pressure

Chicagoland Appraisal Blog

If you have a deficient condition such as this you may want to repair it prior to an FHA Appraisal. Appraisers must operate faucets to observe water pressure and flow. This is an example that there is low water pressure and an FHA appraisal will be made subject to repair.

The Loan Officer’s Guide to Appraisals Part 5:  What is bracketing and why do we do it?

Riverfront Appraisals

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it?

The Loan Officer’s Guide to Appraisals Part 4:  Tips for a Successful Reconsideration of Value

Riverfront Appraisals

This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals.

Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser

Riverfront Appraisals

This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. The post Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser appeared first on Riverfront Appraisals.

Riverfront Appraisals 2020 Real Estate Year in Review

Riverfront Appraisals

The post Riverfront Appraisals 2020 Real Estate Year in Review appeared first on Riverfront Appraisals. Hey y’all! Welcome to our special 2020 Year In Review blog post. This post will also be a special episode of the new Owensboro Real Estate Update Podcast.

Chicago Residential Lease for 2017

Chicagoland Appraisal Blog

Providing real estate appraisal services since 1999 with an array of experience in property appraisals that includes Divorce, Estate, Bankruptcy, Tax Appeals, Pre-Listings, Pre-Purchase, FSBO, IRS Tax Purposes, Elder Care Planning and more.

Appraisals derail sales in the tight Chicago market!

Chicagoland Appraisal Blog

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago.

Get ready to be gouged on home appraisal fees

Chicagoland Appraisal Blog

Althoff in the Illinois Senate introduced legislation that would remove a provision requiring written disclosure to a mortgage loan applicant of the total compensation paid to the real estate appraiser when the home appraisal has been ordered through an appraisal management company.

Is this a basement?

Aspen Appraisal Group

A couple of weeks ago Andrew, one of our fine appraisers was doing divorce appraisal on a new construction when he surprised to find that the new townhouse had no basement. Because of his extensive experience in the appraisal industry, he really knows his stuff!

Does a Swimming Pool Add Value to a Home in Northern Utah?

Aspen Appraisal Group

We here at Aspen Appraisal Group are asked quite often how much adding a pool raises the value of a home. In our experience, we’ve appraised homes and given added value to the home with a pool. We look at properties with pools, and some without. It’s Memorial Day weekend.

Contingency Removal: A Guide For Sellers

Mashvisor

Thus property sellers… Investor Blogs Selling Investment Property Appraisal Home Inspection loans Property MarketplaceContingencies are commonplace in real estate transactions, but they could derail a sale.

The Key Steps To Selling A House As Is In Texas – How To Make A Smart Sale?

Mashvisor

It’s in your interest to close the deal on your home as soon as possible and pack your bags,… Investor Blogs Selling Investment Property Appraisal Property Marketplace TexasYou’ve decided that you want to sell your home in Texas.

PAVE Task Force Releases Recommendations to Promote Valuation Equity

Appraisal Buzz

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.”

The Biggest Time Management Challenges for Appraisers

Appraisal Buzz

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report.

Response to PAVE Action Plan

National Association of Realtors

NAR has provided comments to the Biden Administration’s Action Plan to Advance Property Appraisal and Valuation Equity (PAVE Action Plan

HUD: Philanthropic roundtable addresses bias strategies

Valuation Review

Department of Housing and Urban Development recently convened a virtual Property Appraisal and Valuation Equity (PAVE) philanthropic roundtable discussion on innovative strategies to address appraisal bias. Leadership from The Brookings Institution and Ashoka unveiled new research on the topic of appraisal bias and announced the winners of their Economic Architecture Challenge The U.S.

Appraisers Share Their Top Professional Goals for 2022

Appraisal Buzz

Appraisal industry insiders tend to agree that 2022 will generally be a good year for appraisers. As real property appraisers look ahead to the new year, we wanted to know where they plan to focus their efforts and what they will strive to achieve.

Market Value: Who Says What It Is?

Appraisal Buzz

Property appraisers don’t dictate what the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection. On the way he needed to drop off an appraisal report to a lender client.

AQB adopts criteria changes

Valuation Review

The Appraiser Qualifications Board (AQB) recently adopted a new edition of the Real Property Appraiser Qualification Criteria. The Criteria set qualification standards for real property appraisers in the United States and provide continuing education guidelines for current appraisers to maintain their appraisal license

PAVE Task Force: What Does the Future Hold?

Appraisal Buzz

appeared first on Appraisal Buzz.

Best Sources for Keeping Up-to-Date on Real Estate Appraisal News

Appraisal Buzz

As a property appraiser, an important part of your job is keeping up with the latest industry updates and the state of the real estate market. What are some good go-to news sources for appraisers? ” Here’s a breakdown of commonly used appraisal.

Is Now a Good Time to Become an Appraiser?

Appraisal Buzz

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year.