Remove Appraisal Process Remove Contracts Remove Definition
article thumbnail

Don’t Start Driving until You Know Where You’re Going

Appraisal Buzz

You should never agree to do an appraisal, much less quote a fee, without first clarifying each of these six elements. They have that much variance in what they demand of the appraisal process. But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal.

Appraisal 221
article thumbnail

Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

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.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The appraisal gap is complicating deals across the country

Housing Wire

“I disputed the appraisal with three more comps along with receipts of all the upgrades over $25,000 and he still refused to adjust the value,” she said. Actually, he was very quick to get out to the house and do the appraisal, so no problem there. It was definitely a rush job! Wow, since when? He wasted my client’s money.

Appraisal 540
article thumbnail

Appraisal Reviews – Who and What

Appraisal Today

To read more, Click Here My comment: This is definitely affecting some local real estate markets with homes being rented instead of available for sale. The new book explores all aspects of homeownership, value, and economics and details all the appraisal process steps. percent from 6.54 percent, with points increasing to 0.60

article thumbnail

Appraising Historical Homes

Appraisal Today

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. For many years I appraised in the nearby city of Berkeley, CA. Keep the definition of intended users as narrow as possible.

article thumbnail

Client versus Intended User

Walitt Solutions

” Let’s take a look at this issue in a bit more depth, starting with the definitions of “client” and “intended user” from the 2020-2021 edition of the Uniform Standards of Professional Appraisal Practice (USPAP): CLIENT : the party or parties (i.e., What difference does it make?

Clients 64
article thumbnail

Appraiser Has Very Big Problems With Borrower

Appraisal Today

Appraisers must, therefore, frame their response within the matrix of avoiding any of any and all types of biases, not merely racial biases. In addition, real estate appraisals must rid itself of the language and any practices that suggest bias in the appraisal process. There is demand, and marketing can definitely help.