Remove Appraisal Process Remove Inventory Remove Real Property
article thumbnail

2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. “Mortgage rates are expected to rise, but still remain attractive and reasonable.

article thumbnail

Estate Appraisals in Massachusetts: Everything You Need to Know

Boston Appraisal

Whether the plan is to sell the property, pass it on to the designated heir(s), or estimate how much obligatory taxes will be paid on the estate, it is important to know the exact worth of the property at the time of the owner’s death. What Is an Estate Appraisal?

Insiders

Sign Up for our Newsletter

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

article thumbnail

NAR Member Survey on Appraisal Data Collectors

Appraisal Today

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. Most of the inspection training we receive as appraisers happens in the field.

article thumbnail

Value of a Pool

Appraisal Today

The First Leg: What Can A Residential Appraiser Offer a Prospective Supervisor? The residential appraiser already has the knowledge and practical application of the fundamental appraisal process and practical experience valuing real property. The refinance share of mortgage activity increased to 35.7

HOA 72
article thumbnail

Highest and Best Use and Appraisals

Appraisal Today

percent from one week earlier Zoning in the Appraisal Process Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news! Applying each of these tests properly is essential to the valuation process.

article thumbnail

Reconsideration of Value and Appraisers

Appraisal Today

The appraiser must now reconcile these three values into one final opinion of value. Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must: (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b)

article thumbnail

10 Appraisal Myths

Appraisal Today

The recent expansion of appraisal waiver eligibility likely does not sit well with those poised to take on leadership roles in the next Trump administration, as it underscores creep from the GSEs missions. percent,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.