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This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Some other features in our magazine include funny Buzztoon comics, industry trends, as well as crazy stories from appraisers and readers like you! Read all these articles and more in the latest edition HERE. This requires a little detective work.
And, surprisingly, one way to beat the heat may involve a unique land protection vehicle known as a conservation easement. While these 8 sustainability trends drive the commercial real estate industry , the importance of a conservation easement cannot be underscored. Here, we explore conservation easements pros and cons.
In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Scenarios Necessitating Appraisers as Expert Witnesses: Property Disputes : Appraisers are crucial in resolving boundary disagreements, easement issues, or broader disputes over property rights.
Introduction In the world of real estate appraisals, certain properties and situations present unique challenges that go beyond the scope of typical residential or even standard commercial valuations. These “complex” appraisals demand a specialized skill set, in-depth knowledge, and a willingness to delve into intricate details.
Valuing Appraiser Professionalism: A Blueprint for Survival By Jo Traut, McKissock Learning Excerpts: Having spent nearly three decades in the field of real estate appraisal, I’ve witnessed firsthand the evolution of our profession, particularly with respect to technological advancements. I quit residential lender appraising in 2005.
In my previous blog post , I observed that specializing in complex property appraisal can be very profitable for the residential appraiser—in Florida and all across the U.S. The complex assignment is one in which the property to be appraised, the form of ownership, or market conditions are atypical. What is a complex assignment?
Looking for ways to compete in the appraisal industry? This month we asked our appraisal community, “What differentiates you from other real estate appraisers?” Read the responses below to learn how 75+ individual appraisers stand out from the competition. Approach to the appraisal process.
Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate.
If a specific lot is approximately 3,000 to 5,000 square feet larger than other lots, it should have an appraised value that is greater. If that added lot space is not usable due to zoning, easements, vernal pools or other issues, the lot is not going to hold much value. The real estate article How Does Lot Size Impact Property Value?
Appraisals and Water Frontage. Appraisers should familiarize themselves with their state laws regarding water frontage and related rights, as they can vary from state to state. The canal was owned by the state with an unclear easement for building beyond the rear lot line. Appraisers called very rarely.
Earlier this year, we asked our real estate appraisal community, “What’s the ONE thing that is most often overlooked by appraisers?” If not, obtain one, specifically covering boundaries to learn if easements or encroachments exist.). Free Download: Looking to upgrade your appraisal license? Financially feasible.
Killed by Carbon Monoxide: Appraiser Blamed. Read this article on how to check CO detectors. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. Humor for Appraisers.
Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. Within this framework, the lender must include steps for the borrower to appeal an appraisal when they believe the value opinion: is unsupported; is deficient due to unacceptable appraisal practices; or reflects discriminatory practices.
MPR Repairs: Guidance for FHA Appraisers By: McKissock Excerpts: If you are appraising a property that needs some cosmetic repairs but meets FHA minimum property requirements (MPR) in its current condition, you should make the appraisal “as-is.” Owners with conservation easements can claim an income tax deduction.
Possible Title Issues (Easements, Foreclosure). Related Article: Find out why you should buy land for sale in Ohio in 2022. Whether buying or selling, you can get a land appraisal. A land appraiser will determine the value of the land for sale. land appraisers, inspectors, developers, etc.) Zoning Requirements.
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