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.

How to Become a Property Appraiser

McKissock

There are many opportunities for new real estate appraisers entering the profession today. The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. What’s it like to be an appraiser?

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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

The Challenges of Doing Multifamily Property Appraisals

Kairos Appraisal Services

Doing multifamily property appraisals can be very challenging because they aren’t done the same way as either single-family home or apartment building appraisals. In fact, a multifamily property appraisal is quite different from either.

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

4 Mistakes to Avoid During Property Appraisal

East Coast Appraisal

property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. Fabricating the Property's Information. Do not provide false information to sway the appraisal's outcome.

10 Appraisal Competencies Every Property Appraiser Should Master

McKissock

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. Market your appraisal business.

Pros and Cons of Complex Property Appraisal: Insights from a Florida Appraiser

McKissock

In my previous blog post , I observed that specializing in complex property appraisal can be very profitable for the residential appraiser—in Florida and all across the U.S. Atypical property features. View amenity properties. One-of-a-kind properties (no comps).

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

Why You May Need a Commercial Property Appraisal

East Coast Appraisal

A commercial property appraisal has numerous benefits to all players in the real estate industry. Property owners, sellers, renters, buyers, and even mortgage companies can all benefit from commercial property appraisals. Property Purchase or Sale. ?.

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.

An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Accurate home appraisals benefit both property buyers and sellers. Appraisals help buyers to get mortgage approval and avoid overpaying for their houses. Below are two common approaches to property appraisals. Physical Properties.

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

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.

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.

Zillow Zinged

Cleveland Appraisal Blog

My appraiser compadre and fellow blogger Ryan Lundquist, at the Sacramento Appraisal Blog, wrote an excellent piece this week on the situation with Zillow. I regularly work for investors who hire me to appraise a home they are interested in buying. PROPERTY 2. PROPERTY 3.

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.

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.

Appraisal Blog The Realtor’s Guide to Appraisals Part 6: Can I Give Sales to an Appraiser?

Riverfront Appraisals

The post Appraisal Blog The Realtor’s Guide to Appraisals Part 6: Can I Give Sales to an Appraiser? appeared first on Riverfront Appraisals. If you’re short on time and can’t read the full blog post, here’s the easy answer: Yes!

20 Things Every Appraiser Should Keep in Their Car

McKissock

What are the essential tools and equipment to bring along when completing an on-site appraisal inspection ? Recently we asked our social media communities on Facebook and Twitter , “What’s ONE thing every property appraiser should always keep in their car?”

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?

PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

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 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.

Legal 124

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.

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!”

2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Opportunities for appraisers in 2022.

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?

PAVE Task Force: What Does the Future Hold?

McKissock

During the last several weeks, the task force has held online “listening sessions” to solicit feedback from appraisers, lenders, and other stakeholders in the residential mortgage lending industry. Pro-Series webinars: Get up to speed on hot topics in the appraisal industry.

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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.

Market Value: Who Says What It Is?

McKissock

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.

How to Identify a Residential Complex Property

McKissock

If you ask appraisers to provide examples of complex appraisal assignments , many will focus on commercial or mixed-use properties or two- to four-family properties. However, many single-family home appraisals are considered complex assignments.

Is Now a Good Time to Become an Appraiser?

McKissock

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.