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? Mitchell Simonson , Founder, Simonson Appraisals.

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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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McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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McKissock

AUGUST 21, 2020

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client. Which is appropriate?

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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. Regards, Mitchell Simonson, MAI.

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Appraisal Partners Blog

JANUARY 2, 2025

During these times, the division of assets becomes a crucial element of the process, and this often includes real estate. Accurate and unbiased appraisals are critical in these situations to ensure that property values are determined fairly and equitably.

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McKissock

MAY 18, 2021

There are numerous items to consider when deciding whether to accept or complete a hybrid or bifurcated appraisal assignment. Here, we explain four key disclosures and disclaimers to consider including in a hybrid appraisal report. The scope of work must disclose the extent the property was inspected. Scope of work disclosure.

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Boston Appraisal

MAY 27, 2019

In any case, the most reliable way to find out the fair market value of a home is to order an estate appraisal, also known as a time-of-death appraisal or probate appraisal. What Is an Estate Appraisal? 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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Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. Appraisers are an integral part of the real estate sales process. Interacting With an Appraiser at a Property. Don’t tell the appraiser your client needs a certain value, for example.

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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. Only appraisers do the appraisals. Read the full report. Very interesting.

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Appraisal Today

SEPTEMBER 20, 2024

percent from one week earlier Appraised Value Vs. Sale Price Converted $500K Minnesota Bank With Historic Vaults and Bulletproof Glass How AI Tech is Reshaping Appraisal Success From Panic to Profit: One Appraiser’s Story of Survival and Growth Cindy Chance Terminated (Appraisal Institute CEO) Mortgage applications increased 14.2

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Boston Appraisal

JUNE 24, 2019

Property owners are often surprised when the time comes to estimate the fair market value of their green building. Many appraisers believe that these green features, although expensive, add little value to the property, while potential buyers find these features appealing and valuable.

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Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

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McCarthy Appraisal Blog

SEPTEMBER 4, 2018

How to Choose a Real Estate Appraiser? An appraisal is a professional appraiser’s unbiased and impartial opinion of value based on the condition of the property, prevailing real estate prices and other factors. An independent appraisal sets a benchmark value for your real estate.

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AmeriMac

JULY 1, 2021

A property appraisal is a process of estimating the value of real estate. Appraisals are almost always used in purchase and sale transactions, where they are used to determine if a home’s price is appropriate for its location, condition and features. Process of Property 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. exploring the inside of buildings).

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Town & Country Residential Appraisals

JULY 25, 2022

Well, in our profession, APPRAISERS HAVE TRAINEES. Real estate appraiser requirements have significantly advanced over the past few decades with increasing educational requirements and a few revisions to the experience process.

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Appraisal Today

JULY 5, 2024

When I first started appraising in suburban Bay Area cities in the mid-1980s, homes with pools sold for more in some neighborhoods with higher-priced homes. Some very savvy residential appraisers use the slow times to get their certified general licenses. The First Leg: What Can A Residential Appraiser Offer a Prospective Supervisor?

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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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Appraisal Today

FEBRUARY 21, 2025

Highest and Best Use: A Superpower You Already Possess By Byron Miller, SRA High Octane Desert Ranch That Boasts Airplane Hangars, Racetracks, and Custom Dune Buggies Hits the Market in California for $15 Million Fannie Mae and Freddie Macs New Selling Guide Updates: What Appraisers Need to Know. What Data Sources Appraisers Are Using.

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Appraisal Today

SEPTEMBER 9, 2022

Appraisers are still required to comply with USPAP when responding to an ROV request, including the confidential nature of assignment results. My comments : ROVs are a PITA for many appraisers. Greg Stephens is a very experienced appraiser and reviewer. Reconsideration of Appraised Value. Appraisal Business Tips .

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Appraisal Today

NOVEMBER 29, 2024

On a New Trump Administration Accurate Group’s Appraiser Selection Practices Expose Troubling Industry Tactics Outrage Over Connect by ValueLink’s New Monthly “Junk Fee” Mortgage applications increased 6.3 For example, when I say I am a real estate appraiser, many people ask if I have any listings.

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Housing Wire

FEBRUARY 15, 2025

Appraisers have battled the bear that is the Consumer Financial Protection Bureau for years. But the Trump administration’s actions to defund the bureau may have negative repercussions for appraisers. But the unraveling of the CFPB would also mean the bureau wont issue final rules on complaints from appraisers.

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Appraisal Buzz

NOVEMBER 25, 2024

With the election behind us and Republicans poised to control most—if not all—of the legislative process, I felt it important to look at what’s been said regarding how a new Trump administration will handle appraisal-related issues.

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