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In the past, almost every major log home magazine has posted an article on the topic. The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? It’s apparent when someone has little to no knowledge regarding log home valuation.
The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. The property valuation industry has a system for dealing with situations where a home’s appraised value is in dispute; it’s called the review process. Let’s unpack this situation…. The answer…. But, what else played a role?
This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation? Technology.
Ive written numerous articles about this transition, but today I want to highlight a significant difference between the past and the future reports. The new GSE market section aligns with the language used in USPAP Standards 1 4, which govern residential appraisal development, reporting, and review. Sound familiar?
By applying these methods, appraisers can provide reliable, accurate valuations that reflect current market conditions and ensure the appraisal’s credibility and acceptance. This is a fair assessment of the example, but nonetheless, the balance of this article will show you some ways to support the adjustment applied, if any.
Perhaps AMCs can streamline the appraisal process, said Radke at a panel on the future of valuations, which happened to include Martin Froehlich, chief appraiser of AMC Nationwide Appraisal Network. Housing and Urban Development is running a task force to combat inequality in appraisals. Why is that?”. Become a member today.
The shortage of appraisers within the industry has been well publicized recently and no doubt plenty of you reading this article have experienced the impact of this shortage first hand. With the acquisition, Class Valuation is looking to deliver a completely digitized appraisal process. Closing Thoughts.
This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) To receive this subscription directly, click here.
As industries grapple with the challenges of transparency, accuracy, and trustworthiness in valuation processes, blockchain emerges as a beacon of hope. This article delves deep into how blockchain is set to revolutionize appraisals, offering a fresh perspective to technology professionals keen on staying ahead of the curve.
This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. Stick with me: I’ll explain a strategy to develop market-based adjustments throughout the grid. But the concept is contributory value , which I’ve included in the title of this article.
This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. Applying each of these tests properly is essential to the valuation process. This leaves the as-developed cases from the financial feasibility test for consideration.
This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Blend announced Wednesday it has raised a $75 million Series F round at a valuation of nearly $1.7 Stay tuned for updates.
I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates. However, I believe that they’ve put too much value in their “values” Valuation is not their expertise. VALUATION IS NOT EASY OR SIMPLE. Valuation is not simple and not nearly as easy as many think it is.
This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. In California alone, John Burns Research and Consulting pulled data from the California Department of Housing and Community Development that shows ADU construction went from 3,000 units per year in 2018, to 23,000 a year in 2023.
I normally don’t post more than one article per week. This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. This article was written by Leslie Fields, the Executive Director, Owner’s Counsel of America.
This week’s HW+ member spotlight features John Brenan, vice president of Valuation Policy and chief appraiser at Clear Capital. At Clear Capital, Brenan oversees the quality of the company’s appraisal and valuation products and implements changes to continually evolve the program. .
Some lenders are contemplating changes to their origination channels such as the re-emergence of equity lending via HELOC and Second Loan products, according to this recent HousingWire article. As investor guidelines evolve, so too must the providers of valuation services and the lenders that use them.
Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.
The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.
This is a continuation of the April 15, 2024 article “ From Forms to Reports: A Look at the UAD Overhaul ” I am named after my father, who passed away in 2000. We had to do it ourselves in the beginning, developing our own local software using DOS. That’s how I first got involved in valuation technology.
This article was originally published on FinLedger, HW Media’s new, fintech-focused sister publication. We believe the combination of Visa with Plaid would have delivered significant benefits, including greater innovation for developers, financial institutions and consumers. Its most recent valuation was $5.3
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. The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. But then they had to hire me to perform an appraisal.
The Cost Approach is where a value is developed by determining the value of the land, and the replacement or reproduction cost of the improvements, or proposed improvements, on the property. Even if I do not include my development of the Cost Approach in my report, I have it in my work file. I’m glad you asked!
Our cover article is an incredibly insightful conversation on racial bias in the appraisal industry. We have articles to help appraisers, AMCs, and lenders grow in every aspect of their business. Make sure you take a look at our schedule for Valuation Expo – we’ve included a code for $100 off of any Valuation Expo Pass!
Visit Tidio Property valuation and market analysis AI-supported property valuation and market analysis tools give real estate agents a decisive edge in quickly and accurately determining property values and understanding market trends. Here are some of our favorite AI tools for real estate property valuation and market analysis: 11.
Gal and other company representatives did not return messages for this article. The 18-month post-COVID period presented an excellent window for any real estate transaction volume-dependent business to entertain attractive initial valuations,” McJoynt said. But those valuations have fallen. Side is no outlier.
Department of Housing and Urban Development can receive allegations of appraisal discrimination. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. But from 2019 to 2020, the Washington Post reported , HUD received just 12. This content is exclusively for HW+ members. Become a member today.
This is the final article in Ernie Durbin’s three-part series on the new UAD. The first article on April 15, 2024, was “ From Forms to Reports: A Look at the UAD Overhaul. ” The second article on July 15, 2024, was “ The New UAD: Don’t Borrow Trouble. How will lenders order appraisals without standard form numbers?
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! Here are just a few of the articles that you need to check out!
Lautz regularly tweets about her speaking engagements and articles she’s consulted on, as well as provides commentary on NAR reporting. His work focuses on helping Freddie Mac develop its economic outlook, including forecasts of trends in the economy and housing markets.
As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. The Appraisal Review.
This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. Typically, when a bias in favor of another develops, it is referred to as good will or affinity. In these investigations, appraisers will want as much good will as they can get.
Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. The more information the MLS listing offers on a home, the more useful the data is at helping appraisers to develop a supportable opinion of the value of a home being appraised.
Panelists: Kenon Chen, Executive Vice President, Corporate Strategy, Clear Capital Rachel Robinson, Director, Collateral Policy and Product Development, Rocket Mortgage Sarah Wheeler, Editor in Chief, HousingWire. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. This content is exclusively for HW+ members.
I’m not going to dive into the nuances of these different types of appraisal work in this article. To develop work outside of the lending world, you need to get the word out there that you are an expert in your field and that you’re ready to take on different types of appraisal work. GET A WEBSITE. Write about what you do know.
When flipping thru one of these books, the viewer’s mind fills in the gaps between pictures so that an animated story and picture develops. They were one of the original forms of animation according to that article. In this case, they rely upon other data sources to develop an opinion regarding these things. NEIGHBORHOOD.
This article explores different strategic integrations of AI while showcasing customized AI agents that can streamline operations and help appraisers gain a competitive edge. AI SOP Creator Advisor : An innovative AI Agent we designed to help appraisers develop, refine, and optimize their standard operating procedures.
According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. That is a lot of bread!
I’m working on more of my own articles that will be posted soon. I welcome back guest blogger June Duncan who wrote this article for the Cleveland Appraisal Blog. In this article, she shares some tips for relocating after facing personal challenges. I hope you enjoy June’s article! Relocating is not easy.
Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Complexity in Process and Properties.
In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. The history of AI and where it is going The Turing Test was developed by Alan Turing in 1950. The good news is that the early adopters will thrive. What is next?
This is an analysis that many underestimate, but it can have a huge role in developing market value. There is a lot of work that a good appraiser will complete to develop a supportable opinion of the value of a property. For instance, a property might have a lot that could be split into multiple buildable lots.
Mixed-use developments, which integrate residential, commercial, and sometimes industrial components within a single project, represent a modern approach to urban planning. Challenges in Appraising Mixed-Use Developments Complex Valuation Models : Mixed-use properties require appraisers to be adept in multiple valuation methods.
In the article, “How accurate is Punxsutawney Phil?”, According to an article in ctpost.com , “Most of the year, male and female groundhogs are solitary and antagonistic against each other. So, why offer a valuation service that provides values that should not be relied upon? I know it’s just for fun. .
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