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 Partners Blog

JANUARY 2, 2025

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. Emotional attachments and personal biases can easily cloud judgment, making a professional appraisal a critical tool.

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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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AmeriMac

SEPTEMBER 17, 2024

Alternate valuation products are new tools for determining the market value of residential properties. Unlike regular appraisal methods, which mainly consider recent sales data and the property’s features, these products use more data points and different analytical techniques.

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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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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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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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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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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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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. How can building owners ensure that green features are reviewed in an appraisal?

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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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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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Appraisal Today

SEPTEMBER 20, 2024

” (Chapter 7) This excerpt vividly illustrates the prospective advancements in AI-powered appraisal processes. As AI technology advances, custom GPTs are set to become increasingly influential in defining the future landscape of the appraisal industry. professional real estate appraisers.”

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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. They provide CMAs, etc.,

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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 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. I also look at Project 2025 to see at what might happen for appraisers in my articles. Are you getting too many ad-only emails?

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Housing Wire

FEBRUARY 15, 2025

(Image generated by AI through Midjourney) Some housing industry professionals have cheered the Trump administration’s actions to disable the Consumer Financial Protection Bureau (CFPB), but appraisers have mixed feelings about it. A lot of appraisers are sad to see [ Rohit Chopra ] go.

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Appraisal Buzz

NOVEMBER 25, 2024

You could also argue that the GSEs effective capture of the mortgage-related appraisal process falls into that category, though it’s difficult to see an unwinding of the new Uniform Appraisal Dataset and Forms Redesign.

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