Appraisal Buzz

DECEMBER 6, 2021

The shortage of appraisers within the industry has been well publicized recently and no doubt plenty of you reading this article have experienced the impact of this shortage first hand. According to the Appraiser Institute , more than 10,000 appraisers have left the industry since 2013. AMCs Driving Tech Innovation .

Appraisal 448

Appraisal Appraisal Process Valuation Technology 448

Housing Wire

MARCH 16, 2022

While we cannot flip a switch and undo the damage done overnight, we can and should be mindful of these statistics and take actionable measures to promote and attract women to a career in the mortgage industry in addition to retaining women within our own workplaces. How can we attract and retain women? Be visible.

Mortgage 381

Mortgage Business Realtors Appraisal 381

McKissock

JULY 27, 2021

As a real estate appraiser, you’ve likely encountered assignments in which the purchase price is not supported by the available comps. To find out, we asked appraisers, “What’s your top tip for defending your work when the appraised value comes in under sales price? Monthly survey: Want to participate?

Appraisal 109

Appraisal Contracts Clients Marketing 109

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. USPAP Standards Rule 1-2 (c) requires the appraiser to identify the type and definition of value.

Appraisal 99

Appraisal Marketing Market Value Development 99

Simonson Real Estate

FEBRUARY 26, 2021

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic.

Landlords 117

Landlords Tenants Buyers Development 117

Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Whether you’re a seasoned appraiser or new to the field, having a better understanding of rural properties is essential for providing credible appraisals. Well written.

Appraisal 70

Appraisal Inspection Modernization Business 70

D Fritz Appraisals

JUNE 28, 2022

According to the Victoria Real Estate Board statistical round up for May 2022, sales were down 26.2% An article from livabl.com supports this claim, listing Victoria as one of Five BC housing markets forecast to see the most price growth in 2022 , and predicts house price increases of around 11% in the region by the end of 2022.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

D Fritz Appraisals

MAY 9, 2022

According to Statistics Canada , over 42,000 divorces were granted in Canada in 2020. . Spousal support. Child support payments. Before you decide to split your family property, it’s important to get it professionally appraised. Appraise Your Property Before Property Division . Living arrangements.

Law 114

Law Legal Appraisal Market Value 114

Birmingham Appraisal

JUNE 28, 2022

It’s never a good idea to look at only one statistic as it could be misleading so I like to get an overall picture of what is happening and the best way to do that is to look at the market from multiple perspectives. While there is some historical support for an upward trend, it appears this trend is larger than normal.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

McKissock

OCTOBER 29, 2021

Are you just starting your real estate appraisal career? Last month we asked our appraisal community, “If you could give ONE piece of advice to a new appraiser, what would it be?” ” Thank you to the large number of appraisers who shared their top tips for new appraisers! Top 12 most common tips.

Appraisal 88

Appraisal Inspection Training Development 88

Appraisal Today

JANUARY 19, 2024

The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Members of the Lupertazzi Crime Family rough up an appraiser who is involved with Tony’s HUD scam. I will never forget “I’m only the appraiser!” Therefore, the appraisal industry must begin to push back.

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? Of course, most people confuse real estate agents with appraisers. We need a good Appraiser PR Campaign!

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

OCTOBER 24, 2022

As part of its review of g-fees, the FHFA is eliminating upfront fees for agencies’ affordable mortgage programs, HomeReady and Home Possible; HFA Advantage and HFA Preferred loans; single-family loans supporting the Duty to Serve program. Appraisal bias. FHFA’s Division of Research and Statistics used 47.3

Valuation 390

Valuation Finance Appraisal Mortgage 390

Appraisal Today

JANUARY 13, 2023

Appraiser Scam – Be Careful! Posted Jan 5 on National Appraisers Forum. This was also posted in the 100% Appraisers group on FaceBook as happening to others. Last week, I received a text from “Master Chief Robert Roy” requesting an appraisal for a cash purchase. Appraisal Business Tips .

Appraisal 52

Appraisal Real Estate Valuation Law 52

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? Should it be used as a comp or should it be considered an outlier sale? There is a difference.

Real Estate Agent 86

Real Estate Agent Real Estate Clients Agents 86

McKissock

SEPTEMBER 7, 2021

One source of information is Ann O’Rourke, who publishes mortgage application data in her weekly appraisal news email. They can easily fly under the radar because appraisers are able to find sales high enough to support the inflated prices. Learn more in our free guide, The ROI of Professional Development for Appraisers.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

Appraisal Today

FEBRUARY 24, 2023

What Level Appraiser Are You? What is the mark of an appraiser who is at the top of his or her “game”? For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? A Level 1 appraiser checks boxes.

Appraisal 52

Appraisal Architecture Valuation Business 52

Empire Appraisal Group

APRIL 15, 2021

While the flight from high-tax states isn’t entirely borne out in the statistics, there is enough anecdotal evidence to at least acknowledge this logical trend. Is there strong broadband to support the remote worker? The post The Untethered Worker Is the New Sunbird appeared first on Empire Appraisal Group.

Realtors 78

Realtors Buyers Marketing Inventory 78

Portland Appraisal Blog

DECEMBER 7, 2018

As I mention in the bio for this blog, one of the most influential individuals in my professional development as an appraiser is George Dell. George’s classes emphasizes reproducible appraisal findings and deemphasizes subjectivity and guessing. ” A correlogram is a visualization of the correlation statistics.

Appraisal 78

Appraisal Tools Valuation Development 78

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Birmingham Appraisal

JUNE 1, 2022

As an appraiser, we must stay on top of what is going on in the market or we can miss the mark on value. Because real estate agents and appraisers are striving for similar results (estimating accurate value) we can all gain valuable insight from the same market data. So what stats do appraisers look at?

Agents 52

Agents Marketing Contracts Inventory 52

Portland Appraisal Blog

APRIL 14, 2019

Streaking through the atmosphere is a meteor scientists have dubbed “the appraisal”; it came of out nowhere and impacts your deal at hypersonic velocity, obliterating it in an instance. If so, you’ve probably run through the five stages of grief: 1) Denial—there’s no way that idiot appraiser killed my deal! There must be some mistake.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Buzz

AUGUST 22, 2022

As appraisers, this phenomenon creates an interesting situation. If the listings suggest an ongoing erosion in pricing, then a different benchmark could be supported. As always, it is up to the appraiser to analyze and report market conditions accurately. Benchmarking and indexing are just tools.

Marketing 394

Marketing Tools Appraisal Buyers 394

Appraisal Buzz

OCTOBER 4, 2021

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. Analysis was conducted on appraisals for the purchase of a single family one-unit home.

Valuation 370

Valuation Appraisal Contracts Finance 370

Appraisal Buzz

MAY 9, 2022

It is no secret that log homes do not appraise well. The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? Many appraisers in urban areas like Chicago believe that the log home market is irrelevant and is not worth exploring.

Valuation 396

Valuation Legal Construction Appraisal 396

Appraisal Buzz

OCTOBER 24, 2022

Adjustments are approached in different ways by appraisers everywhere. with Mel Black of McKissock, John Dingeman, Chief Appraiser of Class Valuation, and Danny Wiley, Senior Director of Single-Family Valuation at Freddie Mac. Buzz: What are your backgrounds within the appraisal industry? John Dingeman: The market is cyclical.

Valuation 150

Valuation Appraisal Real Estate Property Taxes 150

McKissock

FEBRUARY 28, 2023

As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” What tools do you use to support your appraisal adjustments? Read the full survey results below. Monthly survey: Want to participate?

Tools 85

Tools Appraisal Technology Marketing 85

McKissock

FEBRUARY 28, 2023

As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” What tools do you use to support your appraisal adjustments? Read the full survey results below. Monthly survey: Want to participate?

Tools 71

Tools Appraisal Technology Real Estate 71

Raleigh Realty

MARCH 29, 2021

During due diligence, you'll need to hire someone to do a property inspection and appraisal. And research the crime statistics for the area. The process may not require you to go through an appraisal of your home or income verification. These can be fees for things like appraisals and escrow agents.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

McKissock

MAY 14, 2023

Report writing is an essential step in the appraisal process. Want a quick breakdown of everything that belongs in a narrative appraisal report? for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g.,

Appraisal 87

Appraisal Appraisal Process Property Appraisal Real Property 87

McKissock

JANUARY 5, 2021

What New Year’s goals do you have for your appraisal business? Last month we asked our community of real estate appraisers, “What appraisal skill would you most like to improve in 2021?” ” Below, we share insights into which areas appraisers plan to focus their efforts this year. Want to participate?

Appraisal 71

Appraisal Technology Clients Business 71

McKissock

APRIL 25, 2023

Catered to real estate appraisers, agents, and other professionals, this monthly blog series helps you navigate the ever-evolving economic environment so you can make well-informed decisions to support your business and career success. Looking to upgrade your appraisal license? Learn more with our free guide. Employment The U.S.

Real Estate 86

Real Estate Appraisal Contracts Construction 86

Simonson Real Estate

JUNE 22, 2020

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? This statistic is based on data covering 11.4 About the Authors.

Valuation 146

Valuation Real Estate Appraisal Retail 146

Simonson Real Estate

APRIL 26, 2021

Anyone who knows an appraiser recognizes the dynamics of being ‘data rich’ and ‘data wise’ Collecting and compiling ‘true comparable’ data allows us to dive deeper and to identify market trends to a greater degree. Key Triple-Net Fundamentals Appraisers Recognize. Net Lease Markets.

Marketing 78

Marketing Tenants Real Estate Valuation 78

Simonson Real Estate

SEPTEMBER 25, 2020

The team at Simonson Appraisals has found that one of the best tools we have to overcome this challenge while continuing to produce reliable and credible appraisals is speaking with owners, lenders and other market participants dealing with the different segments of commercial real estate. This statistic is based on data covering 11.4

Valuation 130

Valuation Appraisal Marketing Real Estate 130

McKissock

FEBRUARY 25, 2022

Looking for ways to compete in the appraisal industry? This month we asked our appraisal community, “What differentiates you from other real estate appraisers?” Read the responses below to learn how 75+ individual appraisers stand out from the competition. Approach to the appraisal process.

Real Estate 78

Real Estate Appraisal Easement Inspection 78

Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. When USPAP started, it was very exciting as appraisers had to decide what needed to be changed or added. This covers all Definitions, Rules, and Standards.

Appraisal 78

Appraisal Contracts Real Estate Mortgage 78