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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?

Valuation 360
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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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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. However, I believe that they’ve put too much value in their “values” Valuation is not their expertise. PROPERTY 2.

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Appraisals and Valuation Concerns in the Current Market

Simonson Real Estate

Since the onset of COVID, market data remains sparse for certain property types. Topics have centered around appraisals and valuation concerns in the current market environment. Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal?

Valuation 130
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Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal?

Simonson Real Estate

Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate?

Valuation 146
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Ban Multiple Regression?

George Dell

We ask: Are these conditions true in most real property valuations? Multiple regression works very well under some conditions.

Valuation 370
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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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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.

Appraisal 107
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‘Appraise only the real estate,’ industry veteran says

Valuation Review

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. Friess also discussed specifics about real estate and real property.

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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?

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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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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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Trust But Verify: Insights from a Seasoned Appraiser

McKissock

” This statement definitely applies in the appraisal of real property. But the real issue in the example is that reading skills increase with age, and coincidentally, so does shoe size.

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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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Seminar Addresses Common Complaints Against Appraisers Through Case Studies

McKissock

From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common. Interested in going to Valuation Expo this year?

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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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Real Value

Valuation Nation

As real estate appraisers we can have some tough assignments. With that in mind, I wanted to start sharing some stories, some from me and hopefully, many from you, my readers that showcase some of the positives that we see and participate in as real property valuers. I am calling this series Real Value. Uncategorized AI Appraisal Appraisal institute residential VA valuation valuer08/30/2021.

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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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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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Exactly How Are Property Data Collectors Professionally Trained?

Appraiserblogs

Somebody explain to me exactly how Property Data Collectors are “professionally trained” per Fannie Mae directives. The fact is, Fannie Mae is explicitly working toward the elimination of appraisers for real property valuations.

Training 110
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ASC initiates appraisal standards, appraiser qualification criteria

Valuation Review

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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

As a commercial appraisal reviewer , before you accept a review assignment of a special purpose property, you should become very knowledgeable in understanding the “business component” of these types of properties. Special purpose property tips.

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NAR and Representation of Appraisers

Appraiserblogs

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.

Appraisal 132
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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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How to Choose a Real Estate Appraiser

McCarthy Appraisal Blog

How to Choose a Real Estate Appraiser? An appraisal is a professional appraiser’s unbiased and impartial opinion of value based on the condition of the property, prevailing real estate prices and other factors. – Critical Question You Must Ask.

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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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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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How to reduce appraisal turn times and improve the borrower experience

Housing Wire

For appraisers, we have developed an end-to-end, encrypted, AI-driven platform to streamline scheduling, manage payments, and facilitate direct, real-time communication between stakeholders. For example, we analyze more than 2,500 data points to validate property data against appraised value.

Appraisal 396
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Ethics is Our Solution

Appraisal Buzz

I have weathered seasons marred by valuation professionals whose malfeasance adversely impacted the economy and society. The future of the valuation profession is not certain to me. Today, we live in a highly charged political climate where truth is often obscured in relative terms.

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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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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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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Why Is a Commercial Real Estate Appraisal Review Required?

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How to Upgrade Your Appraisal License

McKissock

Real estate appraiser qualification criteria. Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details. I enjoy using advanced valuation, analytical, and technical tools to appraise properties.

Appraisal 103
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4 Ways to Motivate Your Commercial Appraisal Team

Real Quantum

It’s important that they are always challenged to learn a new skill, scope of work, property type, or technology. Have good moral character; Be a Certified General Real Property Appraiser (or meet equivalency). 4 Ways to Motivate Your Commercial Appraisal Team.

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For Your Consideration, A Review

Valuation Nation

As the author of these blogs is an appraiser, and this deals with the largest real property valuation organization in the country, I thought it may be apropos to style this blog after an appraisal review. I would suspect the real impetus of naming Hubbard in this report is because Hubbard openly supported the petition last election cycle and likely upset the same group previously mentioned and has now been singled out as an attempt to punish his autonomy.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Our goal is helping our clients make sound investment decisions and solve real estate problems to achieve their financial and business goals. As investors and owners of businesses, these individuals carry many responsibilities, of which financing real estate is one component.

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Top 6 Commercial Appraisal FAQ’s

Simonson Real Estate

So, you are getting ready to request an appraisal on a potential commercial property deal but have a few questions before you decide on what appraisal company to use. As appraisers’ we assemble facts, statistics, and other information on a specific property.

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Probate – proceed with caution

Annarbor Appraisal

A proper assessment of the value of the decedent’s real property is particularly difficult for the layperson anyone who is unfamiliar with real estate transactions. real estate Realtors Uncategorized Appraisal Appraiser probate sample variance

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ANSI Square Footage Standards: What Agents and Appraisers Should Know

Empire Appraisal Group

Fannie Mae has issued frequently asked questions to answer questions about the standardized property measuring guidelines. You sell the property and, when the appraisal comes back, it shows only 1,000 square feet of above-grade space.

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How to Respond to ROV Requests: Updated Guidance

McKissock

This appears to be due, in large part, to the unprecedented upward price trending in virtually all real estate markets around the country and the challenges appraisers face when developing opinions of current most probable market values.