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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Appraisal Appraisal Process Property Appraisal Real Property 87

Simonson Real Estate

JUNE 16, 2021

The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Again, greater transparency leads to more accuracy.

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Appraisal Real Estate Appraisal Process Real Property 78

McKissock

AUGUST 21, 2020

It’s also a good idea to review the appraisal reporting requirements. USPAP STANDARD 2 clearly states the minimum content requirements for reporting a real property appraisal. This is assuming that a restricted disclosure of the appraisal process (i.e., The steps taken in the appraisal process.

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Appraisal Appraisal Process Clients Development 92

Simonson Real Estate

JUNE 22, 2020

Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate? benefit from our collective strength.

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Valuation Real Estate Appraisal Retail 146

Appraisal Partners Blog

JANUARY 2, 2025

Accurate and unbiased appraisals are critical in these situations to ensure that property values are determined fairly and equitably. Whether its a marital home being divided in a divorce or real property being passed to heirs through an estate, appraisals play a vital role in facilitating a transparent and just process.

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Appraisal Legal Valuation Tools 78

McKissock

MAY 18, 2021

It is highly recommended that an appraiser share what he or she did not do as well as what he or she did do in performing the appraisal. The scope of work must disclose the extent the property was inspected. Failure to disclose significant real property appraisal assistance is a common violation.

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Appraisal Inspection Clients Real Property 63

Simonson Real Estate

SEPTEMBER 25, 2020

Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate? benefit from our collective strength.

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Valuation Appraisal Marketing Real Estate 130

McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Evaluate the appraiser’s experience.

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Real Estate Appraisal Valuation Loan Officers 36

Empire Appraisal Group

JULY 1, 2021

“Good appraisers want as much information as they can get,” said Claire Aufrance, an appraiser and broker from Greensboro, N.C., who sits on the North Carolina Appraisal Board and the Appraisal Institute Board of Directors. How Multiple Offers Factor Into the Appraisal Process.

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Agents Appraisal Real Estate Realtors 78

Boston Appraisal

MAY 27, 2019

What Is an Estate Appraisal? After a death, it is often necessary to establish an exhaustive list of the deceased’s possessions, including what is often the most valuable asset: real property. Even if the deceased had a will, a time-of-death appraisal may still be required to settle his or her estate.

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Appraisal Real Estate Valuation Market Value 78

Boston Appraisal

JUNE 24, 2019

This dichotomy between the perceived value of the property and the one reflected in the appraisal can lead to many issues when selling or refinancing. Let’s explore how solar panels and other green features add value to real property. Solar Panels and Other Green Features Are a Good Investment.

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Appraisal Market Value Real Estate Technology 78

Town & Country Residential Appraisals

JULY 25, 2022

It is possible that this is most attributed to the fact that this is the part of the process that is most in view of the general public. At the end of every on site appointment, I tell the person I meet at the property that this is the easiest and least time consuming part of the appraisal process.

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Real Estate Training Appraisal Inspection 58

Walitt Solutions

MAY 17, 2024

For example, Standards Rule 2-3 indicates all real property appraisal reports must address the following certification element (there are corresponding certification requirements in Standards Rules 4-3, 6-3, and 8-3): I have (or have not) made a personal inspection of the property that is the subject of this report.

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Inspection Appraisal Clients Appraisal Process 57

AmeriMac

JULY 1, 2021

It is important to note that an appraisal is not a commodity in itself. Every property is unique for many reasons, the location being one of them. Describing a particular real property and collecting data relative to supply and demand are the appraiser’s responsibilities. Process of Property Appraisal.

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Property Appraisal Appraisal Appraisal Process Sellers 36

AmeriMac

SEPTEMBER 24, 2024

In real estate transactions, the appraisal process is critical. It helps determine a property’s market value. An appraisal is an expert’s view of how much a property is worth. The expert looks at factors like location, condition, and nearby property sales.

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Appraisal Valuation Property Taxes Real Estate 36

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate. Clear communication.

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Appraisal Today

SEPTEMBER 20, 2024

” (Chapter 7) This excerpt vividly illustrates the prospective advancements in AI-powered appraisal processes. Why should you care about this if you’re not an Appraisal Institute (AI) member? With over 16,000 members, AI is the largest real property professional association. with over 5,000 members.

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Appraisal Business Contracts Real Estate 82

AmeriMac

SEPTEMBER 17, 2024

By examining local market trends, neighborhood amenities, and specific features of the property, alternate valuation products provide a detailed view of a home’s value. The Basics of Alternate Valuation Alternate valuation in real property means using different methods to estimate a property’s worth.

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Valuation Real Estate Technology Tools 36

Appraisal Today

SEPTEMBER 22, 2023

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.

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Appraisal Training Inspection Real Estate 94

Appraisal Today

JULY 5, 2024

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.

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HOA Appraisal Real Estate Contracts 72

Appraisal Today

FEBRUARY 21, 2025

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.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

SEPTEMBER 9, 2022

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)

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Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

NOVEMBER 29, 2024

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.

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Appraisal Business Contracts Real Estate 85

Housing Wire

FEBRUARY 15, 2025

The rule requires lenders to list an inflexible appraisal cost within days of receiving a loan application. If the appraisal ends up costing more, lenders have to eat the expense. Lenders responded by outsourcing the appraisal process to AMCs, which werent subject to the CFPB’s rule.

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Appraisal Valuation Appraisal Process Government 333

Appraisal Buzz

NOVEMBER 25, 2024

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.

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Appraisal Valuation Real Estate Government 369