Appraiserblogs

DECEMBER 10, 2021

“[The builder] filed a grievance against me… and threatened to file a grievance every time I or others appraised below purchase price.” Parts of California Assembly Bill 948, which was signed into law in September, read like something from the satirical news site The Onion. The statute requires the state’s appraiser enforcement.

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Appraisal Property Appraisal Law 132

Housing Wire

APRIL 14, 2023

Currently, 75% of real estate agents and 97% of property appraisers in the U.S. academically-inclined minority youth are often pushed towards professions that are seen as “safe bets,” like medicine, engineering, accounting and law. White professionals also dominate the commercial real estate sector.

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Real Estate Law Business Real Estate Agent 397

Appraiserblogs

MARCH 17, 2021

Bill A5185 and AMC Bill A5146 introduced to the state legislature in New Jersey show just how much state legislators don’t understand the appraisal profession. Valuation Legal warned us about this back in December: Appraiser and AMC Laws to Include Prohibitions Against Discrimination. From Bill A5185: 2. 45:14F-1 et seq.)

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Appraisal Law Legal Property Appraisal 103

Cleveland Appraisal Blog

JUNE 23, 2023

Photo by Antonio Quagliata on Pexels.com Additionally, consider the zoning laws and land-use regulations in the area and what category it might fall into based on its specific location. As a real property appraiser, I think these tips can really help if you’re looking to purchase land. What is it for?

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Property Taxes Legal Law Property Appraisal 196

The Robert Weiler Company

SEPTEMBER 30, 2020

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Fortunately, we do not conduct commercial real estate appraisals on social media! Grant Applications.

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Real Estate Appraisal Valuation Property Appraisal 137

McKissock

DECEMBER 7, 2021

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.

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National Association of Realtors

FEBRUARY 7, 2023

Real estate transactions rely on an objective appraisal to determine a home’s market value, but evidence suggests there’s potential for racial bias in the appraisal process.

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Law Appraisal Valuation Appraisal Process 74

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Appraisal Property Taxes Real Estate Market Value 145

McKissock

JULY 20, 2021

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.

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The Robert Weiler Company

APRIL 12, 2023

With recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment (also referred to as a reappraisal) is underway. The 2020 property reassessment included more than 5.5

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Property Appraisal Property Taxes Valuation Real Estate 148

East Coast Appraisal

JULY 7, 2022

property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. .

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Property Appraisal Appraisal Valuation Appraisal Process 52

Appraiserblogs

AUGUST 1, 2022

Her experience as a licensed real property appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach. Are Bifurcated Appraisals Legal in Your State? Lately there has been a push for bifurcated (hybrid) appraisal products.

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Boston Appraisal

APRIL 18, 2024

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.

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Development Appraisal Valuation Retail 78

Empire Appraisal Group

OCTOBER 5, 2023

What is a Date of Death Appraisal? A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. It is usually the date of the individual’s death.

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Appraisal Market Value Valuation Law 78

McKissock

JANUARY 18, 2022

Are you looking for reasons to upgrade your appraisal license ? Here are some stats to consider: As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States were certified general appraisers. Here are some top reasons to upgrade your appraisal license: 1. Control your fees.

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Appraisal Valuation Review Law Real Estate 82

Boston Appraisal

OCTOBER 27, 2023

In order to ensure a fair and equitable distribution of assets, it is essential to obtain a professional, and accurate property appraisal in a divorce case. Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date.

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Appraiserblogs

MARCH 8, 2021

The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. The Appraisal Foundation acknowledges “the Advisory Opinion was extensively rewritten”.

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Law Property Appraisal Appraisal Real Property 95

Chicagoland Appraisal Blog

MARCH 14, 2017

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. Call For Action – Please OPPOSE SB1817.

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Appraisal Hub

FEBRUARY 15, 2024

Real estate appraisal, whether residential or commercial, is a critical component in the valuation of property assets. In Toronto, a city with a vibrant and diverse real estate market, the distinction between residential and commercial appraisals is particularly significant. At Appraisal Hub Inc.,

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Real Estate Appraisal Inspection Appraisal Process 78

AmeriMac

OCTOBER 28, 2024

The unique circumstances surrounding REO properties require specialized handling during the appraisal process, considering factors like extensive repairs, market trends, and quick-sale pricing strategies. The Appraisal Challenges for REO Properties Appraising REO properties presents special challenges for real estate experts.

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Property Appraisal Appraisal Legal Valuation 36

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.” The 58-page report is available here , while an Executive Summary of the report is also available. Not to be outdone, the U.S.

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Appraiserblogs

NOVEMBER 2, 2022

Racket at Attorneys General Group Will Ring Familiar to Appraisers The nation’s licensed real property appraisers will recognize a scheme run by a nonprofit known as the National Association of Attorneys General. Related Posts: Appraisers Should Bristle Stealthy vice again masquerades as public virtue. If not, you failed.

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Business Property Appraisal Law Appraisal 91

Appraisal Today

AUGUST 23, 2024

August 23, 2024 What’s in This Newsletter (in Order, Scroll Down) Construction Progress Reports: ADUs & Remodels What Is an Appraisal Review and Who Can Be a Reviewer? Excerpts: Topics: What is an appraisal review? Fact-checking vs appraisal review Types of appraisal review reports Why are appraisal reviews needed?

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Boston Appraisal

JULY 6, 2023

In these situations, a property appraisal can be an indispensable tool in the lawyer’s arsenal. By providing an objective assessment of the property’s market value, an appraisal can aid in dispute resolution, assist in legal arguments, and guide negotiations.

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Appraisal Legal Market Value Appraisal Process 78

D Fritz Appraisals

SEPTEMBER 9, 2024

Fritz Appraisals Inc. we strive to make the process of purchasing or selling a home less stressful for our clients by providing timely and accurate appraisals that can assist with making sound real estate decisions. Fritz Appraisals Inc. Fritz Appraisals Inc. Fritz Appraisals Inc. Fritz Appraisals Inc.

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Real Estate Appraisal Housing Market Property Appraisal 123

DataMaster

MARCH 17, 2021

As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. These reforms also aim to eliminate explicit biases among appraisers.

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Appraisal Inspection Property Appraisal Law 141

AmeriMac

MAY 15, 2021

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The answer?

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Property Appraisal Appraisal Real Estate Property Taxes 36

AmeriMac

MAY 15, 2021

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The answer?

Property Appraisal 36

Property Appraisal Appraisal Real Estate Property Taxes 36

AmeriMac

MAY 15, 2021

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The answer?

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Property Appraisal Appraisal Real Estate Property Taxes 36

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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McKissock

DECEMBER 27, 2022

With 2023 just around the corner —and a good deal of uncertainty in the air—we wanted to find out where real estate appraisers plan to focus their efforts and what goals they hope to achieve next year. So, we asked members of our appraisal community, “What is your top professional goal for 2023?” Here’s what they said.

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The Robert Weiler Company

OCTOBER 15, 2021

Fundamentally, the cap rate is the relationship between the property’s net income with the property’s purchase price. For CRE investors, the cap rate is a way to determine the property’s ROI potential. Commercial real estate appraisers will tell you that cap rates do not signify value. A recent change by the U.S.

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McKissock

SEPTEMBER 15, 2020

When it comes to appraisal violations , certain minor violations are very common. I have compiled these based on many years of personal experience in appraisal regulation, as well as feedback I have received from other states’ enforcement agencies. Failure to analyze the three-year sales history of the subject property is also common.

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Appraisal Property Appraisal Real Property Law 52

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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McKissock

JULY 24, 2020

Disciplinary complaints against appraisers have become more frequent over the last several years. Of course, not all appraisal complaints result in disciplinary action. In many states, the same administrative procedures are used for all professions, and the disciplinary process is governed by state law.

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Appraisal Law Government Real Estate Agent 53

McKissock

AUGUST 11, 2020

As a professional appraiser, you don’t want to have a disciplinary complaint filed against you, and you certainly don’t want to be the subject of a complaint that results in disciplinary action. Here are several do’s and don’ts to help you avoid situations that may get you into trouble as a real estate appraiser.

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Appraisal Clients Real Estate Law 64

East Coast Appraisal

OCTOBER 18, 2021

A home appraisal is vital when you want to sell your house. As the seller, you likely want a real estate appraiser who will provide an impartial opinion based on your current home's condition and the prices of other properties in your location. So how do you choose the right home appraiser? Qualifications. Experience.

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