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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. These methods provide a solid foundation for demonstrating how changing market conditions affect property values over time.

Appraisal 358
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On Time Adjustments

Appraisal Buzz

Measuring and analyzing changes in market conditions are critical and fundamental elements in real estate appraisal. This is simply because such a value conclusion has as its base a specific date in time, the effective date of appraisal. However, this raises the question of which time period should the appraiser measure?

Contracts 284
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Will hybrid appraisals become the new normal?

Housing Wire

According to FHFA director Mark Calabria, modernizing the appraisal process has the potential to create a more “streamlined and accurate collateral valuation process.” According to the FHFA, hybrid appraisals would increase coverage for rural markets and high-volume areas where time becomes a greater issue.

Appraisal 482
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Geographic “Data” Competency?

Appraisal Buzz

This addition emphasizes the importance of an appraiser’s familiarity with the geographic area in which they are appraising property. It is intended to ensure that appraisers have sufficient knowledge of local market conditions, data, trends, and regulations to produce accurate and reliable appraisals.

Appraisal 347
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Unanswered Questions – Part 3

Appraisal Buzz

This article is the final submission in a 3-part series which uses probability theory as a useful tool for answering some of the difficult questions which have faced appraisers, particularly in rapidly changing market conditions. What I am referring to is the variance between a comparable sales price and its value.

Appraisal 370
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Real estate is a people business, but automation can help

Housing Wire

We know through the work of people like Robert Shiller and others that “narratives” are indeed economic forces and that compelling narratives can move markets. real estate market, matters are of course more complex than mere narratives, but we do all know that constant hype adds to the buoyancy of markets, which then creates more hype.

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Are remote appraisals here to stay?

Housing Wire

Others don’t provide appraisers with accurate enough data. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. Incenter recognizes the complexity of the appraisal process.

Appraisal 394