Housing Wire

APRIL 6, 2023

The White House recently marked the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. housing market in the future.

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East Coast Appraisal

JULY 7, 2022

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. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. .

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East Coast Appraisal

AUGUST 22, 2023

However, getting an appraisal is not as simple as calling an appraiser and scheduling a visit. You need to take some steps before and during the appraisal process to ensure that you get the most accurate and reliable valuation possible. Discover some tips on how to prepare for a commercial property appraisal.

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Valuation Review

JUNE 26, 2023

On June 22, the Appraiser Qualifications Board voted to adopt the Second Exposure Draft of proposed changes to the Real Property Appraiser Qualification Criteria. The new edition will become effective on Jan.

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Valuation Review

JANUARY 24, 2022

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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Housing Wire

AUGUST 28, 2023

These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes. AMCs have a tendency to select appraisers who are willing to work for relatively low fees.

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Appraiserblogs

MAY 15, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending… AVMs. Home Valuations Are Being Subverted At the crossroads of it all is a campaign to weaken or eliminate valuations.

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Clear Capital

FEBRUARY 23, 2024

Shared equity programs are growing across the country, and lenders and appraisers should understand the nuances of these programs to ensure accurate valuations. Appraisers are on the front lines of combating the incorrect narrative that shared equity programs in communities bring down home values. What is shared equity?

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Housing Wire

NOVEMBER 17, 2022

The residential appraisal space has been rocked by increased federal scrutiny over the past two years, with several agencies studying whether appraisers let racial bias change their valuations. In late October, the Federal Housing Finance Agency released 47 million appraisal reports to the public for the first time.

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Housing Wire

DECEMBER 6, 2021

The new appraiser valued the home at $1.482 million – 49% more than Miller’s valuation. Besides the evidence drawn from the second appraisal, the Austin’s claim that Miller was biased because of the sales comparisons she used in valuing the home. In July, Fair Housing of Northern California filed a complaint with the U.S.

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Housing Wire

DECEMBER 28, 2020

26, 2021 – highlights specifically the benefits and pitfalls of hybrid appraisals, updating the Uniform Appraisal Dataset (UAD) and an increased use of appraisal waivers. The comments we receive will inform how we will modernize appraisals to improve both loan quality and the origination process.”.

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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. Have a great weekend!

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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. An area was ‘not especially-diverse’ ethnically, with a high percentage of white people,” another appraiser wrote.

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McKissock

AUGUST 18, 2020

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. Interested in complex property appraisal? More examples of complex property appraisal assignments. Market to non-lender clients.

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Valcre

JUNE 17, 2022

Once hired, professional commercial appraisers typically employ one of 3 approaches to valuation: Cost, sales comparison, or income approach. In turn, this allows for transparency and gives potential buyers or lenders a clear idea of what is an appropriate price range, loan amount, and/or insured value.

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Housing Wire

APRIL 21, 2021

In the 30-minute question-and-answer session with Kristy Fercho, MBA’s chair-elect and executive vice president and head of home lending at Wells Fargo , Calabria said his expectations are that by mid-summer, the FHFA would end the flexibilities on collateral valuations unless circumstances force another extension.

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Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. The use of absolute words can sometimes be discouraging to finding iterative solutions.

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The Robert Weiler Company

APRIL 12, 2023

Challenging Your New Commercial Property Value (and Tax Rate) with a Commercial Property Reassessment During the reassessment year, final property valuations are typically set by the late fall; however, many residential and commercial property owners will receive an initial tentative valuation in the mail.

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Housing Wire

MARCH 5, 2021

It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially? Hybrid appraisals, desktop appraisers, and new online platforms are slowly being introduced, which could appeal to the newer labor force, Reese said.

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AmeriMac

MAY 15, 2021

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. The Science of Property Appraisals. The answer?

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AmeriMac

MAY 15, 2021

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. The Science of Property Appraisals. The answer?

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Property Appraisal Appraisal Real Estate Property Taxes 36

AmeriMac

MAY 15, 2021

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. The Science of Property Appraisals. The answer?

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Property Appraisal Appraisal Real Estate Property Taxes 36

Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. The appraiser will be led through a process, defined by the scope of work. If typewriters are no more, it is time for forms to be retired as well.

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Appraiserblogs

AUGUST 12, 2021

The current administration is addressing the lack of diversity in housing valuation head-on with the formation of an interagency task force on Property Appraisal and Valuation Equity (PAVE). Here are the details of the PAVE Task Force.

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McCarthy Appraisal Blog

OCTOBER 4, 2018

Homeowner Valuation Appraisals. Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal from McCarthy Appraisal Services can help you make a better educated decision when determining your selling price. Today’s market can be challenging.

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Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. However, it may lack the historical significance that often adds value to preserved properties.

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National Association of Realtors

JUNE 1, 2023

The White House's Property Appraisal and Valuation Equity (PAVE) Task Force has announced significant regulatory actions and changes to address appraisal bias and the home appraisal process.

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Housing Wire

MARCH 3, 2021

Considered the quality control standards for property appraisers, USPAP was adopted in 1987 by a joint group of U.S. and Canadian appraisal organizations – the same groups that eventually created the Appraisal Foundation. Soon after, the Appraisal Foundation took control of USPAP.

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National Association of Realtors

FEBRUARY 7, 2023

Real estate transactions rely on an objective appraisal to determine a home’s market value, but evidence suggests there’s potential for racial bias in the appraisal process.

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Appraisal Buzz

APRIL 19, 2022

3D tour technology reveals a new efficient and accurate way to gather data by launching a national network to collect data to complete desktop appraisals. The property can be visited the same day the order is placed so that data is provided to the appraiser the next day. San Francisco, CA–Asteroom Inc.

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Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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National Association of Realtors

DECEMBER 24, 2021

NAR’s Real Property Valuation Committee and leadership from NAR’s Fair Housing Policy Committee participated in a listening session with the Biden Administration’s Interagency Task Force on Property Appraisal and Valuation Equity (PAVE).

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Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals. i] [link]. [ii]

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National Association of Realtors

JUNE 2, 2023

Check out several important changes announced by the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) that will affect the appraisal industry.

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Empire Appraisal Group

OCTOBER 5, 2023

What is a Date of Death Appraisal? A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away.

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Valuation Review

JUNE 28, 2021

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

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Housing Wire

JANUARY 10, 2023

Property Appraisal. I would be remiss not to choose appraisal as the first area that desperately needs action. Automated valuation and underwriting models can and should create efficiency without increasing bias. Let’s explore three areas that exemplify the need for action-oriented behavior.

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