This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. These methods provide a solid foundation for demonstrating how changing market conditions affect property values over time.
With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real propertyappraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?
Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!
I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates. My appraiser compadre and fellow blogger Ryan Lundquist, at the Sacramento Appraisal Blog, wrote an excellent piece this week on the situation with Zillow. I think they were beginning to think it was. And they’ve been successful.
If you find yourself in this situation, this article will provide you with a guide that may be helpful to you. I hope you enjoy her article! This post from Aspen Appraisal Services will provide all of the information you need to start planning your home renovation. You can also listen right here on the Cleveland Appraisal Blog!
It’s been a while since I’ve written an article. So, first of all, thank you for being here to read articles from my blog! I know most of my readers are interested in appraisal and real estate-related topics. I recently appraised a home for a divorce. I miss writing and I miss you! Is this misleading?
According to the article below, “Nearly 70% of adults reported reduced stress and anxiety after playing pickleball, and 64% called the sport “uplifting,” according to a report by Carewell. One more visual reflecting the total monthly listings vs. total monthly sales for single-family properties in Cuyahoga County.
I took some time off from blogging to catch up on work and re-group mentally from the past few years of real estate craziness, culminating in a hectic last six months of an appraiser. Thank you for being here to read my article on bedroom requirements and the housing statistics for Cuyahoga County. I just needed a little breather.
In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. What do you think?
Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. How about underimproved?
If you need to get a home appraised, Aspen Appraisal Services offers expert independent appraisals! And thank you dear reader for being here at the Cleveland Appraisal Blog! Next week, I have a new article of my own ready to share. You can also listen right here at Cleveland Appraisal Blog! .
Consider an appraisal gap: Adding an appraisal gap to your offer tells the seller that even if the propertyappraises for less than the purchase price in the contract, you are committing a preset dollar amount to making up the shortfall. There is a chance they could offer an appraisal gap and never have to use it.
What does it mean for appraisers? By considering the unique aspects of water frontage, local regulations, environmental factors, and property-specific amenities, you can provide credible and comprehensive valuations that reflect the worth of these highly sought-after properties. Worth reading. The best I have read on this topic.
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.
In this article, I’ll share the steps, what to include, what not to includes, and how to assemble a CMA report that’ll impress your clients. For buyers , it can help them determine if the property they’re interested in is priced correctly and if it is a sound purchase. They are more appropriate for an appraisal.
The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Understanding the Process for Appraising Residential Property.
Newz: DEI and Appraisers, New GSE Market Analysis Deadline Feb. 4 January 31, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA AD: Weather Impact What is the Cost Approach to Real Estate Appraisal? However, that does not preclude an appraiser from also using the cost approach to substantiate their findings.
Committed to 20 percent affordable housing options, the River & Rich project is a story of renewal and community rebirth via unique properties for sale. But for commercial real estate developers, brokerage firms, and appraisers, there’s another story hiding in plain sight.
Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” Key appraisal competencies. Learn more in our free guide, The ROI of Professional Development for Appraisers.
So, here is another article from guest blogger Ashley Rodriguez. In this article, she discusses some things to consider before buying land. I hope you enjoy her article! As a real propertyappraiser, I think these tips can really help if you’re looking to purchase land. Hello, friends! I appreciate you!
In my previous blog post , I observed that specializing in complex propertyappraisal 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.
That being said, I am happy to welcome back guest blogger Penny Martin with a new article she wrote on this topic. I hope you enjoy her article! If you’re a homeowner who plans to put your property up for sale, it’s important to make sure everything is in the best condition possible. I hope you enjoyed Penny’s article!
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.
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.
Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser.
As an experienced appraiser, there are many reasons you may decide to take on a trainee. property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. In this post, we outline how to become a supervisory appraiser.
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 propertyappraised Real property interest appraised (e.g.,
In order to ensure a fair and equitable distribution of assets, it is essential to obtain a professional, and accurate propertyappraisal in a divorce case. Why PropertyAppraisals are Important in Divorce Cases A propertyappraisal is an objective and unbiased estimate of the market value of a property, on a given date.
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?
What types of clients do propertyappraisers serve? To help answer these questions, we recently asked our real estate appraisal community, “What type of appraisal client makes up the majority of your client base?” What type of appraisal client makes up the majority of your client base? Want to participate?
Vehmeier, Appraisal Educator Emeritus, shares his insights into appraising small income properties. The topic of this blog is two-to-four unit residential income properties. How to begin when appraising small income properties. Vehmeier, Appraisal Educator Emeritus. Importance of proper training.
Consider becoming a real estate appraiser. ” and “How much money can you make as an appraiser?” What are the requirements to become an appraiser? To become a licensed real estate appraiser, you must pass the National Uniform Licensing and Certification Exam. Do you need a college degree? Washington.
You know there are good reasons to upgrade your appraisal license —including making more money —but you might be unsure of how to go about it. Depending on your state and the license level you wish to attain, the exact steps for how to upgrade your appraisal license will vary slightly. Real estate appraiser qualification criteria.
However, appraising such complex properties presents unique challenges and opportunities for real estate professionals. This article explores the intricate landscape of mixed-use development appraisal, providing insights into the difficulties faced and the potential benefits realized through this multidimensional process.
Equitable appraisal of property values is considered to be one of the important components that is frequently overlooked during the process. requires a careful review of all of the assets, and fairly evaluating the property becomes important to reaching a mutually agreeable conclusion.
Althoff in the Illinois Senate introduced legislation that would remove a provision requiring written disclosure to a mortgage loan applicant of the total compensation paid to the real estate appraiser when the home appraisal has been ordered through an appraisal management company. Your Email].
If you are considering a career in the appraisal field , you may be curious about how long it takes to get licensed and start earning an income as a real estate appraiser. Here is some information to help answer the frequently asked question, “How long does it take to become an appraiser?”
Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. The article notes that big cities, like New York and Los Angeles, may lag smaller ones, like Boise and Salt Lake City, in 2022. Opinion: The path to modernizing the appraisal process.
A proposed update of professional guidelines for propertyappraisals contains confusing language about what constitutes discrimination, and would even suggest appraisers could engage in “ethical” discrimination. Folks, the following article is in the ABA Banking Journal e-newsletter, posted on Wednesday, February 15, 2023.
As busy real estate appraiser, both your time and your professional reputation are extremely valuable. One thing you can do to help save time and preserve your standing as an ethical and reliable propertyappraiser is to put a little extra time and effort toward avoiding appraisal errors and violations. Sign up here.
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. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.
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. Reporting requirements.
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide array of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we add new content to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.
At the heart of every successful investment strategy lies the crucial element of accurate property valuation, which is where professional appraisals become indispensable. The appraisal process provides a clear and objective perspective on the value of a property, separating the reality from perceived potential.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content