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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Conversely, an underimproved property might be lacking in amenities that most buyers expect to see.

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Tell-Tale Signs You Should Hire a Specialist in Real Property Management – Columbus, Ohio

The Robert Weiler Company

Columbus, Ohio is home to many residential and commercial rental properties. Let’s face it, property management is a long-term ordeal, and not everyone has the time to perform real property management – you are not alone. ” Why use a property manager?

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All the Tips You Need to Make Moving to a New State Much Easier

Cleveland Appraisal Blog

Appraising Happy Living Moving Aspen Appraisal Services Cleveland Appraisal Blog cleveland appraiser Independent Appraiser Jamie Owen northeast ohio appraiser Real Property AppraiserAre you planning on moving to a new state? There’s so much to think about.

Appraisal 253
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Surprising Things That Can Decrease Property Value

Cleveland Appraisal Blog

This week, Betty White shares some things that can decrease property value. What people rarely talk about are things that can decrease property value. Top 7 things that can decrease property value. Hello dear reader!

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

The homeowners of one property stated that their neighbors are a nuisance. The neighbor’s property is an eye-sore. Could being located next to a property that is an eye-sore cause a loss in market value to your home? So, the problems are not really related to the property.

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Zillow Zinged

Cleveland Appraisal Blog

For years, Zillow Zesimates have been zinged by real estate professionals for creating angst in the market by their unsupportable value estimates. I appraised these four properties within the last month… PROPERTY 1. Type of property – Single-Family Residential.

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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.

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Appraisers Share Their Top Professional Goals for 2022

McKissock

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. Learn how to write a winning real estate appraiser resume.

Design 60
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Commercial real estate title minted as NFT on blockchain

Valuation Review

Future House Studios used a new legal model through TruMint that allows real property to remain and transact indefinitely on blockchains with reduced transaction costs Utah-based virtual reality company Future House Studios minted its office deed as an NFT (non-fungible token), marking the first time an office building has been put on blockchain.

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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

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‘Appraise only the real estate,’ industry veteran says

Valuation Review

Friess also discussed specifics about real estate and real property. Valuation Review concludes its conversation with Julie Friess, chief appraiser of Sedona Appraisal Research Associates, for more insight on the definitions of long-term rentals.

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Seminar Addresses Common Complaints Against Appraisers Through Case Studies

Appraisal Buzz

From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common. Disciplinary complaints are a hot topic these days with appraisers.

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Ask an Appraiser

National Association of Realtors

Peter Gallo, Chair of the NAR's Real Property Valuation Forum presents a live form featuring a panel of residential, commercial, and review appraisers

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NAR Meets with Biden's Task Force on Appraisals

National Association of Realtors

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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NAR Urges TAF to Recommend State Licensing Bodies to Require Fair Housing

National Association of Realtors

NAR wrote to the Appraiser Qualifications Board of the Appraisal Foundation urging it to revise the real property appraiser qualification criteria to require fair housing and valuation bias training for both qualifying and continuing education

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Appraisers Share Their Top Professional Goals for 2022

Appraisal Buzz

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. Appraisal industry insiders tend to agree that 2022 will generally be a good year for appraisers.

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Is Now a Good Time to Become an Appraiser?

Appraisal Buzz

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

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The Official 2022-2023 USPAP Update Course Is Now Available Online

Appraisal Buzz

The Foundation is pleased to once again partner with McKissock to develop online versions of the real property 2022-2023 7-Hour National USPAP Update Course.

Appraisal 195
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ASC initiates appraisal standards, appraiser qualification criteria

Valuation Review

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Latest Duty to Serve plans are an improvement, affordable housing coalition says

Housing Wire

Freddie Mac, however, agreed to a pilot program to purchase between 1,500 and 2,500 manufactured homes not titled as real property, better known as chattel loans, which make up 42% of the manufactured housing market.

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it.

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Understanding the Most Common Real Estate Deeds in Colorado

The Colorado Real Estate Blog

Historically, when real property changed ownership, the seller brought the buyer a handful of dirt from the land to symbolize that the title was transferred. Colorado recognizes several different types of [ ] Real Estate Deeds Real Estate in Colorado

Legal 36
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FTX Bought Government’s Silence; Did Fintechs Buy Attacks on Appraisers?

Appraisers Blog

The nation’s 80,000 licensed real property appraisers should pay close attention to the manipulation of Washington by FTX, which turned out to have the characteristics of a Ponzi scheme.

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What Is a Reconciled Value?

Cleveland Appraisal Blog

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. Let me give you a real-world example.

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Racial Bias in Real Estate: Is it the Appraisers’ Fault?

Appraiserblogs

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real property appraisers providing appraisal services to lenders who provide home mortgages.

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Rocket Mortgage rolls out new loan option for manufactured homes

Housing Wire

Once the home arrives on site and is placed on a permanent foundation, it becomes a real property and is able to be financed through a mortgage.

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Verification solutions provider Xactus acquires MassiveCert

Housing Wire

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Mortgage Proptech Flood Real estate Shelley Leonard

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FHFA unveils GSE duty to serve plans

Housing Wire

Although the lesser of the two government-sponsored enterprises by size, Freddie Mac was alone in committing to purchasing manufactured homes not titled as real property, or chattel loans, a key item affordable housing advocates had sought.

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Real Estate Appraiser: What They Do and How to Become One

Appraisal Hub

The number of businesses in Canada’s real estate appraisal industry has expanded by 2.1% If you are interested in becoming a real estate appraiser in Toronto, here are the basics you need to know. How Do I Become a Real Estate Appraiser? Real Estate Appraisal

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Exposing Occupational Licensing Abuses Nationwide

Appraisers Blog

Her experience as a licensed real property appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach.

Legal 70
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Attorneys General Shady Business

Appraisers Blog

Racket at Attorneys General Group Will Ring Familiar to Appraisers The nation’s licensed real property appraisers will recognize a scheme run by a nonprofit known as the National Association of Attorneys General.

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Real Estate Appraisals That Will Stand Up In Court, If They Had To – Minnesota

MN Real Estate Services

When Emotions Are Raw, and Trust Is Low, You Need a Real Estate Appraisal That Could Stand Up In Court If It Had To. Your client is going through divorce and there is real property involved.

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Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

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NAR says it’s doing what it can on housing discrimination

Housing Wire

A National Association of Realtors (NAR) committee head recommended Friday that the federal standards governing real estate appraisals loosen up. Gregoire’s pointed suggestion came amid a Friday at NAR’s annual conference that took on racism in real estate.

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NAR and Representation of Appraisers

Appraisers Blog

As Real Estate Appraisers, we are encountering an assault on our profession from the GSE’s with the hybrid appraisal reports, the rollout of the new desktop product and with appraisal waivers. We won’t take appraiser trainees, but we’ll take real estate trainees.

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The Value of Words in Valuation

Appraisal Buzz

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. Summary, What Does it Mean?

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Advisory Opinion 16, a Game Changer?

Appraiserblogs

Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16.

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How to Become an Appraiser in 3 Steps

McKissock

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. Real property appraiser qualification criteria*. * ??Hours

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Working With Your Appraiser Helps Deliver a More Reasonable Value

Simonson Real Estate

The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Appraisals and Property Valuations

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What Property Should be Appraised?