Cleveland Appraisal Blog

DECEMBER 24, 2022

What kinds of things can you expect? What to Expect When Undertaking These 4 Common Home Renovation Projects. Necessary projects can be costly and time-consuming, so it is important to know what to expect ahead of time. Read on for some pointers from Cleveland Appraisal Blog. Are you planning on renovating your home?

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Appraisal Buzz

NOVEMBER 29, 2021

This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) Know what average home values are in your area. (2)

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D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Fritz Appraisals Inc. A good home appraiser can help you decide what home renovations will provide the best value return on investment in your area.

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Renovations Home Value Market Value Valuation 119

Housing Wire

APRIL 7, 2023

While the applications to refinance did experience an uptick, it’s still 61% lower year over year and mortgage applications to purchase a home rose 2%. Research from Glossy and Modern Retail coined the “Great Mall Overhaul ” and made the call for a pivot, the evolution from transactional to experiential. I think so too.

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Retail Real Estate Clients Modernization 348

Clear Capital

JANUARY 30, 2024

Adopting an appraisal modernization workflow can create cost and time savings for lenders and their borrowers. With the announcement of the new Uniform Property Dataset, it’s never been easier for lenders to adopt appraisal modernization programs. How do inspection-based appraisal waiver programs work?

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Cleveland Appraisal Blog

JUNE 23, 2022

A more modern system will make you feel much safer. It’s hard to believe that we are nearly to summer! This week I welcome back guest blogger Betty White with some tips on home security for the spring and summer months. Alt-tag: Home that is safe and secured for the spring. So, we take advantage of any opportunity to be outside.

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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.

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Appraisal Today

DECEMBER 29, 2023

Understanding Functional Obsolescence in Appraisals By: McKissock Excerpts: For appraisers, functional obsolescence can be a challenging concept because the elements that influence property values may not be obvious or immediately apparent. To read more, Click Here My comments: All appraisers see functional obsolescence.

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Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. I suppose it is because most appraisals are done (now) for residential lending purposes.

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Housing Wire

OCTOBER 27, 2020

HW: What factors should lenders consider when selecting a title provider in today’s high-volume environment? Clients should choose a title provider that will be a true partner rather than one that will tell them what they want to hear. HW: What are the benefits of having the title provider complete the closing?

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Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. I have done a lot of estate appraisals.

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Appraisal Real Estate Real Estate Agent Contracts 75

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

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Appraisal Contracts Business Construction 76

DW Slater Company

JUNE 16, 2022

Appraiser Corner. Check out this month’s information just for real estate appraisers. Great Appraisal Reads. Who Moved My Appraisal Cheese? – Mark Buhler/Appraisal Buzz. 7 Tips for Building Strong Appraiser-Client Relationships – McKissock. An Excess of Appraisers? Volume is up.

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Supply Chain Real Estate Investors Appraisal 159

Appraisal Today

FEBRUARY 23, 2024

I also have some market recap visuals to unpack what’s been happening in 2024 so far. The ideal is to compare areas with similar prices, but even if the price point is a bit different, it can be valuable to see what is happening in a different nearby neighborhood. I do a lot of estate appraisals, which are not current value.

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Appraisal Real Estate Contracts Reconsideration of Value 67

Cleveland Appraisal Blog

FEBRUARY 4, 2021

Zillow, one of the most wide-known AVM’s has stated that their values are not to be considered as appraisals. Here is what Zillow states. I have used some of this information in my appraisal work. Therefore, we have six more weeks of winter weather, by some predictions. Especially in Northeast Ohio.

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Advertising Valuation Appraisal Renovations 198

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Appraisal Appraisal Process Renovations Market Value 79

McKissock

MARCH 17, 2023

As an experienced appraiser, there are many reasons you may decide to take on a trainee. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. In this post, we outline how to become a supervisory appraiser. You might be looking to grow your business, delegate tasks (e.g.,

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Appraisal Training Property Appraisal Real Property 97

Appraisal Today

APRIL 19, 2024

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers. It is human nature.

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Appraisal Contracts Valuation Design 67

McKissock

FEBRUARY 17, 2023

Finding and picking a supervisor can be a challenge for trainee appraisers. When you’re breaking into the appraisal profession and figuring out what path you’re going to take, it’s important to advocate for yourself. What to ask a potential supervisory appraiser 1. What will the training entail?

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McKissock

FEBRUARY 17, 2023

Finding and picking a supervisor can be a challenge for trainee appraisers. When you’re breaking into the appraisal profession and figuring out what path you’re going to take, it’s important to advocate for yourself. What to ask a potential supervisory appraiser 1. What will the training entail?

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DataMaster

FEBRUARY 3, 2021

Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. ” This RFI is your chance to impact the direction that the inevitable appraisal overhaul will go. Appraisal Modernization.

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Appraisal Process Appraisal Modernization Training 78

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Appraisers, and surfers, have varying levels of experience, and experiences. Appraisers were busy cranking out appraisal reports.

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Appraisal Mortgage Business Contracts 74

Housing Wire

AUGUST 31, 2023

In what is perhaps the most traditional sector of housing, change has arrived. However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. What is property data collection? The original appraisal waiver solutions were launched in August 2017.

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Modernization Appraisal Inspection Valuation 342

McKissock

MAY 18, 2022

It’s what catches someone’s eye and invites them to tour the house, so it can make or break how long a home is on the market. The outside of a home is what people first see, whether they’re browsing through listings online or driving through the neighborhood. Read on to learn about the importance of curb appeal in selling a house.

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Appraisal Today

AUGUST 18, 2023

7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1. Dragon is very well-liked among appraisal professionals, making it number one on our list of must-have apps for appraisers. Genius Scan This app gets a lot of love from appraisers. Dragon has been around a long time and is popular with commercial appraisers.

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Appraisal Contracts Inspection Real Estate 74

McKissock

AUGUST 14, 2020

As a real estate appraiser, there are numerous data types and sources available that you could use to solve a specific appraisal problem. In this case, the assessor property records would be considered to be an unreliable source by an appraiser until the assessor’s office has remedied the discovered concerns about the property records.

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Modernization Appraisal Renovations Real Estate 100

Appraisal Today

JULY 28, 2023

Keeping Appraisers out of Language Purgatory Appraisers: Be Careful with Your Words! by Dave Towne Excerpts: Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports.

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Appraisal Contracts Mortgage Clients 79

Appraisal Today

OCTOBER 27, 2023

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. Recently we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” I appraised everything in a specific geographic area.

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Property Appraisal Appraisal Business Contracts 71

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

Appraisal Today

AUGUST 5, 2022

VA Approves Desktops and Exterior-Only Appraisals. The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”. “The Appraisal Assignment Waterfall.

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Appraisal Valuation Contracts Modernization 59

Appraisal Today

JANUARY 20, 2023

Top Ten Reasons Why It Is Great to be an Appraiser! Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more, click here My comments: It has been a while since appraisers made negative concession adjustments.

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Appraisal Contracts Sellers Business 52

Clear Capital

JULY 5, 2023

9 frequently asked questions about Fannie Mae’s Value Acceptance + Property Data Fannie Mae has launched its new appraisal modernization program, Value Acceptance + Property Data. This appraisal waiver program is a great solution for consumers and lenders alike. What are the benefits of using Value Acceptance + Property Data?

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Training Real Estate Agent Real Estate Appraisal 36

Appraisal Today

APRIL 21, 2023

The State Appraisal Board Wants to Throw Me Under the Bus, Right? by Barry Phillips and Tim Andersen Excerpts: So, what do the investigator and the state board look for as part of their investigation? Nevertheless, state boards tend to favor the consumer (the complainant) over the appraiser (the respondent).

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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? For example, are you competent to prepare an entire appraisal from start to finish? A Level 1 appraiser checks boxes.

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Appraisal Today

SEPTEMBER 23, 2022

Excerpts: Commentary from a (Ryan) appraisal: Here is a bit of commentary in one of my recent appraisal reports. This is only part of what I say because I’m a man who needs a few paragraphs. Now let’s keep watching to see what happens to size. Sellers Chasing the ball down the road in real estate. By Ryan Lundquist.

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Appraisal Today

AUGUST 4, 2023

The End of Home Appraisals? In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

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Appraisal Today

JULY 7, 2023

Appraiser Countersues Black Plaintiffs Who Alleged Discrimination by Isaac Peck, Publisher WorkingRE There are now a number of lawsuits facing appraisers where the primary allegation is racial discrimination. I assume that since I had been appraising in high crime neighborhoods, I became prejudiced. Tate-Austin v.

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