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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. When reading contracts, words will always have their ordinary meaning unless defined otherwise. adjective.

Valuation 360
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Are Appraisers Professionals?

Appraisal Today

At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? The 1007 was not designed for appraising single-family properties that are used as STRs. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.87

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. I sold my big house in March 2008. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.31 percent from 7.27

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. Many thanks to George. percent from 0.6

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. Failure to analyze the sales history of the subject property. This is definitely not a repeat of 2008. ==.

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Appraisals and Water Frontage

Appraisal Today

Among the rights that come with real property ownership is the right to exclude others. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. percent – the highest since November 2008 and the largest single-week increase since 2009.

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10 Appraisal Myths

Appraisal Today

Few listened to appraisers speaking out about fraud before the 2008 crash. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.86 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.61 percent from 6.90