Appraisal Buzz

JULY 15, 2024

That’s how I first got involved in valuation technology. He taught me more than just appraisal; he taught me about life, often through a multitude of enigmatic phrases like “better than a poke in the eye with a sharp stick” or “don’t borrow trouble.” The most innovative solutions will involve a combination of both processes.

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Housing Wire

SEPTEMBER 23, 2021

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.

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The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need. So, how are businesses valued?

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Simonson Real Estate

SEPTEMBER 25, 2020

Topics have centered around appraisals and valuation concerns in the current market environment. I was joined on the panel with Twin Cities appraiser, Josh Folland, MAI, CCIM with Valbridge Property Advisors and Gary Van Cleve, Shareholder at Larkin Hoffman moderated our discussion. Updated 9/8/2020.

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Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Really, appraisers have always thought this way. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

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Appraisal Buzz

FEBRUARY 7, 2022

Exterior-Only is self-explanatory, where the scope of work states the appraiser completed an exterior viewing of the physical components of the property and the appraiser relied on other sources to gather property and improvement details. Appraisers rely on standards of practice and processes.

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DataMaster

FEBRUARY 3, 2021

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.

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McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

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Appraisal Buzz

JULY 8, 2024

Heck, appraisal modernization was being discussed by FNMA and Freddie Mac in 2016! Moves to modernize The most recent efforts to “modernize” the appraisal process was highlighted significantly due to the years of the pandemic when appraisal turn times and fees reached all-time highs.

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Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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Cleveland Appraisal Blog

SEPTEMBER 2, 2022

In the Reconciliation section, appraisers must: • reconcile the reasonableness and reliability of each applicable approach to value, • reconcile the reasonableness and validity of the indicated values, • reconcile the reasonableness of available data, and • select and report the approach or approaches that were given the most weight.

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Appraisal Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” Appraisers will have the opportunity to evaluate and choose from a range of software solutions, potentially switching from long-standing vendors to new entrants offering innovative features.

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Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

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Chicagoland Appraisal Blog

AUGUST 1, 2023

While each appraisal may have slight variations, the following structure offers a general roadmap to help you smoothly navigate through it. Whenever you come across “see addendum,” simply refer to the relevant addendum then return to the main appraisal document to continue.

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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.

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The Robert Weiler Company

SEPTEMBER 18, 2022

But first, it’s important to understand what is a land appraisal, how it is appraised, the real estate appraisal process, and what to expect. What is a Land Appraisal? Land appraisal is a process of assessing the land value and then developing an opinion of value. So, how is land appraised?

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D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a legal document that determines fair market value for a property. The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional. Equally, a multi-family property will cost more to appraise than a standard single-family home.

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AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

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AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

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Padove Appraisal Service

JANUARY 11, 2019

The mortgage industry has repeatedly attempted to eliminate the requirement for a home appraisal in the lending process. Most attempts to remove the appraisal requirement have included use of an automated valuation model (AVM). They can’t replicate the knowledge and market insight of a home appraiser.

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Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation.

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Genworth MI Blog

AUGUST 15, 2019

When you hear automated appraisal, that refers to a computer doing the valuation without an appraiser. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation.

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DW Slater Company

FEBRUARY 24, 2022

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. The appraiser may be able to use remote tools to view or sketch the property.

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Genworth MI Blog

AUGUST 31, 2022

Additionally, appraisers are only qualified to comment on the observed condition of a property. They are required to refer concerns impacting livability, soundness and/or structural integrity to a more qualified expert for further assessment. Q: How do automated valuation models (AVMs) come into play in the appraisal process?

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AmeriMac

FEBRUARY 18, 2021

A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. Let’s discuss what an appraisal is and why it’s so important. What is the Appraisal Process? A home appraisal refers to an unbiased and accurate report of your home’s worth.

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Appraisal Today

FEBRUARY 28, 2025

If this seems overwhelming to you or other post-licensing appraisers, it is not your fault. I was unable to refer wannabes to professional associations as they only wanted classes for members, not for new appraiser. Core Valuation Management, Inc., Unfortunately, after licensing started many trainees hired other trainees.

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D Fritz Appraisals

OCTOBER 22, 2019

Fritz Appraisals is one of Victoria’s longest standing appraisal firms, with more than 40 years of experience in all aspects of the real estate industry in Victoria, BC. Likewise, use things like online reviews to help you decide on which company will be best at meeting your home appraisal needs. Word of Mouth Recommendations.

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McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Evaluate the appraiser’s experience. Ask them for their resume and a list of two or three references. The resume may be on the appraiser’s website. The references should be current or previous clients, and at least one should be from the community. Follow up with the references for your selected candidate.

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Appraisal Today

OCTOBER 6, 2023

All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. You can also purchase a linked digital version of the eUSPAP and Guidance and Reference Manual and get seamless access across both documents.

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The Robert Weiler Company

OCTOBER 21, 2022

To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. So, why do you need a commercial real estate appraisal?

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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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AmeriMac

JANUARY 15, 2024

Understanding the role of a home appraiser, the importance of a home appraisal, and the factors to consider when choosing an appraiser are key to making an informed decision. So, let’s dive in and discover how to find the best local home appraiser.

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Birmingham Appraisal

SEPTEMBER 26, 2023

Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area. Outlier sales often lack suitable comparables, making it challenging to apply the traditional valuation approach accurately. If you liked this post subscribe by email (or RSS feed ).

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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. This report serves as a reference for buyers, sellers, lenders, and investors to make informed decisions regarding the property.

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Appraisal Today

OCTOBER 11, 2024

The good news for valuation professionals is they have lots of experience spotting data points that don’t jibe with what they know. This demonstrates the issue of uncertainty and “relative reference.” However, appraisers follow established industry practices, and these are monitored by the state agencies that license appraisers.

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Real Quantum

JANUARY 11, 2023

In addition, it’s possible for appraisals to be influenced by factors that may not be fully reflected in the comparable sales data or the appraiser’s analysis, This can include changes in the broader economy or local market conditions. The commercial appraisal process can be a very manual-intensive endeavor.

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