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This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Is the appraiser familiar with the neighborhood?
This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Is the appraiser familiar with the neighborhood?
I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago. What can you do in that situation?
Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Acre lot.
Are you just starting your real estate appraisal career? Last month we asked our appraisal community, “If you could give ONE piece of advice to a new appraiser, what would it be?” ” Thank you to the large number of appraisers who shared their top tips for new appraisers! Be patient.
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.
Appraisers Research and Analyze The Market. It’s an appraiser’s job to mimic what a detective might do when they are researching information to help them understand the facts of a case so we tend to ask a lot of questions. 6 Ways Agents Can Use Their MLS Listings To Help Appraisers.
FHA AppraisalTips. FHA Appraisal Requirements: Appraisers are to recommend only those repairs necessary to make the property comply with FHA’s Minimum Property Requirements (MPR) or Minimum Property Standards (MPS) together with the estimated cost to cure. Protect the security of the property (Security).
After 35 years of appraising here, the value effect is none. In dramatic contrast, when I first started appraising “over the hill”, 10-15 miles away where there are many subdivisions, I noticed that in certain neighborhoods, a pool was almost mandatory. I have appraised a few homes with pools in areas with few pools.
How do you stay up-to-date on the latest appraisal news and trends? They’re also entertaining and super convenient since you can stream them during your morning commute or while you’re driving to appraisal appointments. Whether you listen in your car or at your desk, here are seven excellent appraisal podcasts to check out.
12 Unacceptable Appraisal Practices from Freddie Mac. Here are 5: Reliance in any appraisal analysis on inappropriate comparable sales, or the failure to use comparable sales that are more similar to or nearer to the subject property without adequate explanation. Review appraiser liability. Appraisal Business Tips .
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