The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. What Does the Probate Process Look Like?

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McKissock

MAY 14, 2023

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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AmeriMac

MAY 30, 2024

In this comprehensive guide, we will delve into the world of desktop appraisals, exploring their definition, key characteristics, and the differences between desktop and traditional appraisal. Desktop appraisals are especially common in cases where homeowners are seeking home equity loans or refinancing their mortgages.

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AmeriMac

JANUARY 31, 2025

With the help of professional appraisers, people can make better decisions and trust accurate property valuations when buying or selling their homes. The Definition and Purpose of Real Estate Appraisals A real estate appraisal determines a property’s market value by an expert on a specific date.

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Housing Wire

JUNE 7, 2021

For decades there have been efforts to reduce or eliminate any bias or influence in appraising. The Home Valuation Code of Conduct (HVCC) was established in 2008 and agreed to between the GSEs and FHFA. NAR, the MBA , and the Appraisal Institute all have efforts focused on removing bias in the industry and promoting diversity.

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Walitt Solutions

MAY 17, 2024

” But to an appraiser, users of appraisal services, and regulatory agencies in the valuation space, “personal inspection” takes on a very specific meaning. In fact, beginning January 1, 2024, the meaning of “personal inspection” in appraisal practice changed.

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Valuation Nation

OCTOBER 16, 2022

Until we get past this period over the next few months it may be hard to say definitively what is exactly happening. As an appraiser, it is super important to understand how to gather and analyze relative data. Appraisers: Use Your Tools. This is just part of what goes into a residential market analysis for an appraisal report.

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McKissock

JANUARY 22, 2021

Appraisers are regularly told by proponents of bifurcated and hybrid appraisals that the segregated work model is designed so that the signing appraiser can complete the valuation in less than 60 minutes. Some appraisers may prefer to perform field work, while others prefer the analysis part of the appraisal process.

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McKissock

DECEMBER 1, 2020

Our goal is simply to provide illumination and help you understand the advantages and challenges of these appraisal services so that you can make well-informed decisions on whether to accept or reject a hybrid or bifurcated appraisal assignment. What is a bifurcated appraisal? Written by Jo Traut.

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Appraisal Today

FEBRUARY 28, 2025

The Appraisal Process: Valuing a Hobbit Hole Like Bag End The valuation process of Bag End takes some extraordinary assumptions, if we are to appraise the home as a residential property. That said, the appraisal of real estate clearly is not an industry. Core Valuation Management, Inc.,

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AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. This post will cover everything you need to know about REO appraisals. We will also discuss what happens if an REO appraisal is low and how it impacts property value.

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Appraisal Today

JUNE 28, 2024

The driver behind this final rule was to eliminate potential bias in valuations by replacing appraisers with AVMS. The void in representation by the appraisal industry over the past decade on the AVM issue, to talk about those 200 feral cats living in the house being valued, has enabled AVMs to be legitimized by the federal government.

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Appraisal Today

AUGUST 25, 2023

On Friday, NAR put out a notice asking appraisal members in the affected areas to alert their non-member colleagues. It’s also impacting the appraisal process and is generating questions from both lenders and appraisers about what this means for appraisals on loans sold to Freddie Mac. Sold quickly.

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Birmingham Appraisal

SEPTEMBER 26, 2023

Inconsistent Results Outlier sales are, by definition, inconsistent with the majority of transactions in a market. Outlier sales often lack suitable comparables, making it challenging to apply the traditional valuation approach accurately. As such, they can lead to inconsistent and unreliable results.

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Appraisal Today

AUGUST 2, 2024

10 Must-See Mansions That Define the High-End Trend Accurate Appraisal Underreporting How Confidential is Your Appraisal? Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models Mortgage applications decreased 3.9

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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. For many years I appraised in the nearby city of Berkeley, CA. Worth reading. A good summary.

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Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation.

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Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. This covers all Definitions, Rules, and Standards. It shows a fundamental lack of understanding of what appraisers do. Very little competition and good fees.

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Appraisal Today

SEPTEMBER 20, 2024

The $425,000 market value opinion is what the property should sell for, under the specific conditions of the definition of market value. The Appraiser’s Role Properties don’t always sell for what they should. To read more, Click Here My comments: Definitely worth reading. professional real estate appraisers.”

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. which can relate to valuation. He remembered me from Valuation 2000. They provide CMAs, etc.,

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Appraisal Today

AUGUST 23, 2024

Billionaire Getty Heir Puts Extraordinary Greek Temple (Temple of Wings) on the Market for $5 Million Redfin Reports Investor Home Purchases Post Biggest Increase in Two Years The Biggest Home in Each State Objectionable Valuations Become Hate Speech, Inflating Home Prices Mortgage applications decreased 10.1

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Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

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Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. The vineyards have a wide range of sizes.

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Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers.

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Appraisal Today

APRIL 7, 2023

Communicating quickly with the lender is an issue with the appraisal process. Below are just a few of the ways appraisers can utilize their expertise to diversify their practice and earn the many – yet sometimes elusive – non-lender work opportunities that exist in today’s market.

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Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? What if the home doesn’t appraise for the contract value? An appraisal is seeking value. Why Do You Need An Appraisal?

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Appraisal Today

DECEMBER 23, 2022

If appraisers are required to use any arbitrary number, the result will be less than optimal. Modern valuation progress requires three things: 1) a clear definition of “what is a comp?” Appraisals are ordered after the loan application. Only by chance will it be 30, or any other particular number. Don Quixote? ==.

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Housing Wire

JANUARY 11, 2022

But even as federal regulators tackle the problem, it is still unclear how bias typically manifests in the appraisal process. The overt references to race, demographics and neighborhood makeup in the free-form text box of an appraisal report is one way bias could show up.

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Appraisal Today

AUGUST 13, 2023

I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. It definitely can be very useful, as Dustin explains. Why are appraisers using older sales? In valuation we can either go out further in distance for comps or go back in time in the immediate neighborhood.

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Appraisal Today

NOVEMBER 22, 2024

The conversation focused on the limitations of Automated Valuation Models (AVMs) and emphasized the necessity of qualified appraisers in property valuation; specifically for all purchase transactions. First Street is definitely the well known expert in climate risk data and analysis. I tested First Street on my house.

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AmeriMac

FEBRUARY 15, 2025

Understanding Appraisal Management Companies (AMCs) Appraisal Management Companies (AMCs) play a crucial role in real estate by coordinating the appraisal process among appraisers, lenders, and consumers. The government implemented stricter rules for real estate valuation to prevent another market collapse.

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