Simonson Real Estate

JULY 10, 2020

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What is an Appraisal ? Defining the Appraisal Scope of Work.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Have you ever read thru an appraisal report? You may have noticed that there are three approaches to value. The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised.

Appraisal 342

Appraisal Development Valuation Market Value 342

Cleveland Appraisal Blog

DECEMBER 10, 2022

This week, Betty White shares some things that can decrease property value. As a certified residential appraiser, I can tell you that while some of the things noted in this report can decrease value, they may not, so take these points with a grain of salt. Betty is not an appraiser. 3 Unappealing home exterior.

Appraisal 302

Appraisal Buyers Renovations Investing 302

DataMaster

JUNE 15, 2023

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. What do short-term rentals mean for appraisers? Lenders and clients will be looking for an appraisal to secure a loan on the STR.

Appraisal 148

Appraisal Tenants Investors Business 148

Cleveland Appraisal Blog

JANUARY 19, 2023

Unless you’re in the property valuation profession, you may not have. The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value.

Appraisal 288

Appraisal Transportation Buyers Property Appraisal 288

Appraisal Partners Blog

JANUARY 31, 2024

In the ever-changing re­alm of real property, knowing the e­xact worth of your property plays a significant role. However, the appraisal of residential property involves several detailed steps and considerations. That’s where Appraisal Partners comes into play. Le­t’s decode this.

Appraisal 78

Appraisal Property Appraisal Market Value Real Estate 78

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S. Defining the Appraisal Scope of Work.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

AUGUST 9, 2024

Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property.

Appraisal 74

Appraisal Reconsideration of Value Insurance Market Value 74

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

Appraisal 82

Appraisal Business Contracts Real Estate 82

Walitt Solutions

MAY 24, 2024

Along with many of you, I am a member of multiple online appraiser discussion groups. One of those common scenarios goes like this: I completed an appraisal and transmitted the appraisal report to the client for a purchase appraisal. My market value conclusion came in below the purchase contract price.

Contracts 74

Contracts Appraisal Clients Market Value 74

Boston Appraisal

MAY 27, 2019

And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority. 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.

Appraisal 78

Appraisal Real Estate Valuation Market Value 78

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.

Appraisal 78

Appraisal Market Value Real Estate Technology 78

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” That’s the real reason why—because USPAP says so. Questions we should ask ourselves.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

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.

Agents 78

Agents Appraisal Real Estate Realtors 78

McKissock

APRIL 30, 2021

As a real estate appraiser, whether you’re considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different type of sale. Interested in specializing in this type of appraisal?

Market Value 88

Market Value Real Estate Appraisal Sellers 88

DataMaster

JUNE 15, 2023

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. What do short-term rentals mean for appraisers? Lenders and clients will be looking for an appraisal to secure a loan on the STR.

Appraisal 78

Appraisal Tenants Investors Business 78

Birmingham Appraisal

MAY 28, 2024

I thought I would take some time in this week’s blog post to explain the process you can take to appeal your high real property tax assessment if you think they are too high. These assessments are based on various factors, including the property’s size, location, condition, and comparable sales in the area.

Property Taxes 82

Property Taxes Market Value Appraisal Real Property 82

Town & Country Residential Appraisals

MAY 8, 2023

When it comes to appraising a property, appraisers must take into account all agreements of sale. According to Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP), we are required to analyze any contracts for sale. Appraisers are required to analyze all agreements of sale.

Contracts 54

Contracts Appraisal Real Estate Property Appraisal 54

McKissock

SEPTEMBER 10, 2020

As a commercial appraisal reviewer , before you accept a review assignment of a special purpose property, you should become very knowledgeable in understanding the “business component” of these types of properties. Business components in special purpose properties are often referred to as “intangibles.” Intangibles.

Appraisal 54

Appraisal Valuation Real Estate Design 54

McKissock

SEPTEMBER 24, 2021

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’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.

Appraisal 52

Appraisal Real Estate Development Market Value 52

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.

Appraisal 36

Appraisal Valuation Property Taxes Real Estate 36

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.

Real Estate 36

Real Estate Appraisal Valuation Loan Officers 36

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” That’s the real reason why—because USPAP says so.

Contracts 52

Contracts Appraisal HOA Architecture 52

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

Development 69

Development Sellers Legal Home Value 69

Empire Appraisal Group

AUGUST 12, 2021

Because dwelling size matters to everyone in the transaction—buyers, sellers, agents, appraisers, and lenders—it makes sense to encourage the understanding and use of industry-accepted terms to define size. Appraisal Requirements from Fannie Mae. Property Description and Analysis from Freddie Mac.

Sellers 78

Sellers Appraisal Development Construction 78

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.

Real Estate 58

Real Estate Training Appraisal Inspection 58

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.

Valuation 36

Valuation Real Estate Technology Tools 36

Property Metrics

MAY 28, 2021

The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of. Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. Functional Obsolescence.

Real Estate 50

Real Estate Tenants Modernization Renovations 50

Valuation Nation

AUGUST 2, 2021

In light of the recent, or rather ongoing, attacks on several members and staff at the Appraisal Institute (AI), I wanted to offer some perspective on the accusations and conjecture that has been offered over the last couple of weeks. Client and Intended user(s): the appraisal profession and stakeholders thereof.

Appraisal 40

Appraisal Design Development Legal 40

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

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

AmeriMac

JULY 15, 2024

Alternative appraisal valuation products offer innovative ways to assess real estate assets using advanced technology and data analysis. These products provide a more efficient property valuation method by incorporating machine learning algorithms and AI. Old-school methods can be time-consuming and biased.

Real Estate 36

Real Estate Appraisal Valuation Tools 36

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.

Appraisal 85

Appraisal Business Contracts Real Estate 85