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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. Standard 2 is the specific standard that addresses the reporting of appraisals.

Valuation 360
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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Many homes have equity available, unlike the 2008 housing collapse. Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. Free download: Are you investing in yourself and your appraisal career? Major unknowns in the coming year. Paul, Minn.).

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What New Appraisal Specialty Do You Wish to Break Into?

McKissock

Developing an appraisal specialty is a great way to grow your business and stay competitive in the industry. Last month we asked our appraisal community, “What new appraisal specialty or niche would you like to break into?” The top three answers were review appraisal, commercial appraisal, and green home appraisal.

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Appraising the Weird Stuff: Observations from a Seasoned Florida Appraiser

McKissock

For instance, in Florida there were 14,995 appraisers on November 30, 2008 (renewal deadline date); however, on the following morning (December 1, 2008) there were just 9,510 because roughly a third of the appraisers did not renew. Interested in complex property appraisal?

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Teardowns Return as the Cost of Land Rises

Empire Appraisal Group

It tells an important story about the history and development of our area.”. Just eight houses west of the Intracoastal waterway, the property changed ownership twice in early 2021. It sold in January for $500,000, and then again in March for $768,750, according to Palm Beach County Property Appraiser records.

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How To Appraise Rural Properties

Appraisal Today

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending.

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Appraisals – Check the Water Source!

Appraisal Today

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It did not even though many lots nearby were developed.