Housing Wire

MARCH 24, 2023

When you google “ appraisal gap” — and I just did — a long list of search results appear. What I did see were links to lender websites almost apologetically explaining what an appraisal gap is to their customers and willing them not to panic if it happens to them. Well, a cure for appraisal gap anxiety has appeared on the scene.

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Appraisal Contracts Valuation Tools 474

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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Valuation Market Value Clients Technology 468

Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Navigate a seller’s market by considering the following.

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Appraisal Marketing Valuation Sellers 370

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The original appraisal waiver solutions were launched in August 2017.

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Modernization Appraisal Inspection Valuation 415

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

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Housing Wire

MAY 25, 2021

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. For example, appraisal turn time has swelled 65% from 2018, according to recent data published by Freddie Mac. Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage.

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Appraisal Valuation Real Estate Modernization 369

Appraisal Buzz

OCTOBER 3, 2022

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Many appraisers working in today’s marketplaces are about to find out how important this is. This is important information for appraisers, though it may not appear so at first. Pretty much everything.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

NOVEMBER 5, 2024

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. We’ve taken a step back with data transparency since the NAR lawsuit,” said Ryan Lundquist , a Sacramento, California-based appraiser.

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Appraisal Business Real Estate Agent Real Estate 369

Housing Wire

JUNE 11, 2021

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. An appraisal is a valuation of a property by a third party.

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Inspection Appraisal Appraisal Process Buyers 459

Appraisal Buzz

FEBRUARY 17, 2025

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! Moreover, appraisers must conduct each of the four tests on the real property as if vacant , and as improved.

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Housing Wire

FEBRUARY 19, 2021

It could also have big implications for appraisers, who are already nervous about the continued rise of automated valuation models. Cape Analytics’ AI system instantly extracts property condition from images, which is then run through Weiss’ valuation model, Raj Dosaj, Cape Analytics’ head of real estate, explained.

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Cleveland Appraisal Blog

MAY 26, 2023

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!

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Appraisal Real Estate Agent Real Estate Valuation 301

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

APPRAISAL REPORTS. Have you ever read a real estate appraisal report? Each section should contribute a little to the overall story of the value of the home being appraised. This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value.

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Appraisal Market Value Development Clients 341

Housing Wire

MAY 21, 2024

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? 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? Why is this important?

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Appraisal Market Value Legal Property Appraisal 353

Realvals

FEBRUARY 10, 2025

Appraisals play an important role in real estate transactions, but privacy is always a concern. Home appraisals are never publicly available and are only shared with the appraiser’s client and authorized parties. This means that the general public cannot access your home’s appraisal report without permission first.

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Appraisal Property Taxes Real Estate Market Value 78

D Fritz Appraisals

JANUARY 29, 2025

House Appraisal vs BC Assessment: How They Impact Your Homes Value Understanding the difference between residential home appraisals vs BC assessments. These two commonly misunderstood yet crucial home evaluation tools, help to navigate the complexities of the real estate market in British Columbia.

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Appraisal Valuation Property Taxes Inspection 78

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. However, I believe that they’ve put too much value in their “values” Valuation is not their expertise.

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Valuation Market Value Appraisal Real Estate 364

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. An appraiser may miss that sale through no fault of their own. NO BLANK FIELDS.

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Agents Appraisal Renovations Development 373

Appraisal Buzz

OCTOBER 21, 2024

It is clear most appraisers do not like to perform the analytics inherent in the Cost Approach. This may be because most appraisers simply do not appreciate its power. However, where does the form instruct the appraiser not to complete the analytics of the Cost approach ? Consider these 10 Cost Approach questions.

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Appraisal Buzz

APRIL 4, 2024

The report analyzed property tax data collected from county tax assessor offices nationwide at the state, metro and county levels along with estimated market values of single-family homes calculated using an automated valuation model (AVM).

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Property Taxes Government Market Value Valuation 368

Housing Wire

MAY 25, 2021

An automated valuation model (AVM) provides an estimate of market value for a subject property at a specific point in time. To determine a value for the subject property, the most common AVM method is the use the prices of comparable properties that were recently sold. Single Model Methodology Is the Single Best Approach.

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Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Appraisal Law Development Valuation 309

Appraisal Buzz

AUGUST 15, 2022

The latest edition of Appraisal Buzz Magazine is here! This year, our magazine is loaded with insightful articles ranging on topics such as market value to ANSI standards, and so much more! Make sure you look at our schedule for Valuation Expo – there are plenty of new sessions, speakers, and sponsors this year!

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Appraisal Valuation Market Value Business 195

Birmingham Appraisal

MARCH 4, 2025

Important Information About Appraisal Waivers Imagine this: Youre buying a home, and your lender offers you an appraisal waiver. But what if I told you that skipping the appraisal could lead to overpaying for your home, financial headaches down the road, and even market distortions that could affect entire neighborhoods?

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Appraisal Valuation Home Value Market Value 62

Appraisal Buzz

AUGUST 26, 2024

This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include Buzztoon comics, as well as crazy stories from appraisers and readers like you! If you want to make sure you are receiving the print version of the Appraisal Buzz magazine in your mailbox, sign up HERE.

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Valuation Appraisal Marketing Market Value 369

Appraisal Partners Blog

JANUARY 20, 2025

Introduction The residential appraisal is a cornerstone of the real estate world, yet it’s often shrouded in mystery for many homeowners. Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property.

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Appraisal Inspection Valuation Appraisal Process 78

Appraisal Partners Blog

MARCH 6, 2025

Estate appraisals are a critical component of both estate planning and estate settlement. They determine the fair market value of real estate assets, which is necessary for various purposes, including tax calculations, distribution of assets to heirs, and probate proceedings. What is an Estate Appraisal?

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Market Value Appraisal Valuation Marketing 78

Appraisal Buzz

JANUARY 20, 2025

The resulting marginal rate for each additional square foot of GLA is one of the most common uses of metrics found in residential appraisal. Applying this metric to marginal changes in GLA between two properties enables the appraiser to predict the corresponding change in price. One method to do this is modeling.

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Appraisal Real Estate Buyers Market Value 248

Birmingham Appraisal

JANUARY 29, 2025

Brush Up On Your Appraisal Knowledge Most people have a basic understanding of the appraisal process. If you’ve ever purchased a home or refinanced your mortgage you’ve most likely had to get your home appraised. On the surface it looks like the appraiser visits your home, does some measuring, and looks around.

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Appraisal Appraisal Process Valuation Buyers 63

Appraisal Today

NOVEMBER 1, 2024

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 A well-appointed kitchen can significantly enhance a property’s appeal and marketability. Of course, appraisers see all types of kitchens.

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Appraisal Training Contracts Mortgage 83

Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Cleveland Appraisal Blog

FEBRUARY 11, 2022

Just like going cheap when buying running shoes can be costly, the same is true when it comes to hiring an appraiser. If you’re in need of an appraisal, I highly recommend not going with the cheapest appraiser. At first glance, two appraisals may both look impressive to someone who doesn’t know anything about appraisals.

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Appraisal Market Value Clients Design 221

Housing Wire

NOVEMBER 7, 2023

The market has since cooled off, but taxes are going up. That, combined with higher home valuations from sales last year, has meant that the average homeowner will pay an extra $130 annually in tax through fiscal year 2024, according to the county. The assessed value is often significantly lower than the appraised market value.

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Property Taxes Home Value Government Valuation 541

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins.

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Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Buzz

MARCH 25, 2024

I recently got curious about the word ‘analysis’ As an appraiser, I use this word frequently. I found the etymology of this word, as well as its antonym, very helpful in conceptualizing what appraisal analysis really is. Of course, this applies to the work of real estate appraisal as well.

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Sellers Appraisal Real Estate Buyers 379

Cleveland Appraisal Blog

JULY 6, 2022

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?

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