Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

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DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results! Let’s explore how appraisals work! What Is An Appraisal? What is an appraisal? Happy appraising! Conclusion.

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Cleveland Appraisal Blog

JANUARY 13, 2022

In this article, I am going to focus on the dangers that skepticism can have on an appraiser’s thinking. Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising. If we make an adjustment, we must have some support behind it.

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Appraisal Buzz

DECEMBER 9, 2024

Below is a detailed explanation of each technique to ensure the adjustments are well-supported and align with market trends. The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process.

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Boston Appraisal

OCTOBER 8, 2022

The appraiser obtains all relevant property characteristics and data such as measurements, room counts, condition, and quality, and utilizes this information in the report. This process has been the foundation of the appraisal process. What Are Hybrid Appraisals? The Risk of Hybrid Appraisals.

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Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. We also develop the effective ages of comparable sales to derive a range of effective ages, which can help to further support our estimate of the effective age of the property we are appraising.

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McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “The definition of market value.”

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The Robert Weiler Company

SEPTEMBER 16, 2021

The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Impacts from the neighborhood, local economy, and marketplace.

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McKissock

MARCH 3, 2023

In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.

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Appraiserblogs

JULY 24, 2024

The HousingWire article highlighting that only 40% of homes sold include an “accurate” appraisal, as defined by the Corporate Settlement Solutions (CSS) report, is deeply problematic and indicative of a concerning lack of understanding around the appraisal process.

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DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results! Let’s explore how appraisals work! What Is An Appraisal? What is an appraisal? Happy appraising!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results! Let’s explore how appraisals work! What Is An Appraisal? What is an appraisal? Happy appraising! Conclusion.

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Appraisal Appraisal Process Buyers Legal 78

Birmingham Appraisal

SEPTEMBER 15, 2022

If the bank uses a waiver it is still a good idea for the borrower to obtain an appraisal of their own to make sure that they are not paying more than the home is worth. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. Steps in the Appraisal Process.

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Appraisal Partners Blog

FEBRUARY 22, 2024

In this article, we examine the critical function that divorce property appraisals play in divorce proceedings and how they support justice, openness, and well-informed decision-making during the difficult process of asset division. Also Read: Why Should You Hire an Appraiser for Divorce Appraisals?

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Boston Appraisal

OCTOBER 8, 2022

The appraiser obtains all relevant property characteristics and data such as measurements, room counts, condition, and quality, and utilizes this information in the report. This process has been the foundation of the appraisal process. What Are Hybrid Appraisals? The Risk of Hybrid Appraisals.

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Appraisal Inspection Appraisal Process Valuation 78

Boston Appraisal

OCTOBER 8, 2022

The appraiser obtains all relevant property characteristics and data such as measurements, room counts, condition, and quality, and utilizes this information in the report. This process has been the foundation of the appraisal process. What Are Hybrid Appraisals?

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. However, these restrictions may also limit modifications, potentially affecting the property’s market appeal.

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Boston Appraisal

SEPTEMBER 18, 2023

As industry leaders in both residential and commercial real estate valuations, Boston Appraisal Services deeply understands the critical contribution that precise appraisals make in the estate planning matrix. Appraisal Techniques: The Science Behind Valuation The appraisal process is far from a one-size-fits-all operation.

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McKissock

MARCH 22, 2022

Here are five tips for appraising green homes that you can use as guidance. You must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. Consider each home on a case-by-case basis.

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McKissock

MARCH 3, 2023

In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.

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Valuation Appraisal Marketing Housing Market 52

McKissock

MARCH 3, 2023

In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.

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Valuation Appraisal Marketing Real Estate 52

The Robert Weiler Company

OCTOBER 21, 2022

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. For the purpose of this article, we’ll mostly stick to the word “appraisal.”.

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Appraisal Today

SEPTEMBER 20, 2024

Value is defined in the Uniform Standards of Professional Appraisal Practice (USPAP) as: “The monetary relationship between properties and those who buy, sell, or use those properties, expressed as an opinion of the worth of a property at a given time. Unlike value, price is not an opinion. What is Sale Price? It is a fact.

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McKissock

JULY 27, 2021

So you can show your value without doubt.” If you were thorough and documented all of the factors used throughout the appraisal process to determine value, you will easily be able to defend your work with facts.” ” “Make sure you have sales to support your opinion of value in your workfile.

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Appraisal Today

AUGUST 2, 2024

The appraisal will also require fully supported adjustments, explanations on how you determined the adjustments, and the ADUs impact on value measured by the cost, income and sales comparison approaches. To read more, Click Here My comments: Read this detailed article if you appraise any properties with ADUs.

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AmeriMac

MAY 24, 2023

We’ll also cover the different types of commercial properties that can be appraised, the overall appraisal process, and the accuracy of these appraisals. Additionally, we’ll discuss valuation approaches and strategies used by commercial appraisers to determine a property’s worth.

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Appraisal Today

JANUARY 19, 2024

In addition, real estate appraisals must rid itself of the language and any practices that suggest bias in the appraisal process. For the sake of simplicity, this article touches on merely three such biases: anchoring bias, selection bias, and confirmation bias. In and of itself, it is not market value.

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Clear Capital

MARCH 1, 2023

“We are on a journey of continuous improvement to make the home valuation process more efficient and accurate. As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction,” Fannie Mae states in its release.

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McKissock

OCTOBER 23, 2020

Others will simply rely on a previous appraisal and call the appraiser to testify about it. Here are twelve types of expert witness assignments for appraisers. If the appraiser is providing any services that would fall under that definition, the fee structure cannot be contingent on the outcome of the appeal.

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Aedis Appraisals

JUNE 13, 2017

After all, if you fail to procure an accurate appraisal, there isn’t much to stand between you and potential losses during the sale or purchase of a particular property. What Is an Appraisal and When Do I Need One? A home appraisal is not a home inspection and the two jobs will need to be carried out by two separate professionals.

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Appraisal Today

OCTOBER 6, 2023

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. It shows a fundamental lack of understanding of what appraisers do.

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Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. The best article I have read on MPCs. That might come as a surprise to many given all the amenities they offer.

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Appraisal Today

JUNE 21, 2024

Business is slow now, which is a good time to try appraising unusual homes. I was going to write about the national view and have read many articles and data about it. If the original owner makes this decision, they would have to pay a 20% penalty over the original value to redeem the land/house. Very good lists of the factors.

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Appraisal Today

JANUARY 20, 2023

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. What is happening in your market? You may need to call agents to see the amount of concessions offered and make an adjustment based on its effect on market value.

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AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. This is why home appraisals are advised to ensure property costing is as fair as possible. What Is an Appraisal?

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Appraisal Today

MAY 17, 2024

Geographic “Data” Competency refers to an appraiser’s ability to effectively understand, interpret, and utilize geographic data in the appraisal process. In the context of real estate appraisers, it is essential for accurately valuing properties and providing credible appraisal reports.

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Appraisal Today

SEPTEMBER 9, 2022

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” ” Say, instead, “the intended use of this appraisal is for the executor’s use in administrating the estate of. The appraisal should not be used for any other purpose.”

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