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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

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. This is a fair assessment of the example, but nonetheless, the balance of this article will show you some ways to support the adjustment applied, if any.

Appraisal 358
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Historical Properties and Their Unique Appraisal Approaches

Boston Appraisal

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.

Appraisal 147
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10 Appraisal Competencies Every Property Appraiser Should Master

McKissock

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” Key appraisal competencies. Manage business expenses. ” Keep up-to-date on industry trends.

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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

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.

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Housing Market Predictions for 2022 and Other Appraisal News

McKissock

Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. The article notes that big cities, like New York and Los Angeles, may lag smaller ones, like Boise and Salt Lake City, in 2022. Opinion: The path to modernizing the appraisal process.

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Checklist: What to Include in a Narrative Appraisal Report

McKissock

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.,

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PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” The 58-page report is available here , while an Executive Summary of the report is also available. Not to be outdone, the U.S.