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Race and the Property Valuation Industry

Appraisal Buzz

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…. My Journey.

Valuation 370
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FHFA takes a swing at racial bias in appraisal

Housing Wire

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

Appraisal 459
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Train Us and Trust Us

Appraiserblogs

The most weighted technique in most automated valuation programs comes down to one over-simplified formula, based on a guesstimation from an outside source that has no interest in the real estate system… Dear FHFA: Please accept the following comments in regard to Question A1.4. Thank you for taking the time to review these thoughts.

Training 147
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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

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. That’s one reason I started blogging years ago.

Appraisal 305
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14 indispensable AI tools for real estate agents

Housing Wire

Called RAIA, Offrs AI chat tool uses conversational AI trained by licensed agents to qualify leads for you. You’ve probably already used some AI tools for marketing without knowing it, if you’ve virtually staged your listing photos or used writing tools like Grammarly or ChatGPT to write blogs, emails or online ads.

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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

In high-stakes eminent domain cases, where valuation opinions diverge to a significant degree, an appraiser must be prepared to zealously defend the opinion being given under what can sometimes be grueling cross-examination by the other side’s lawyer. A big thank you to Leslie for writing this article for the Cleveland Appraisal Blog!

Appraisal 312
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The best real estate brokerage software for 2024

Housing Wire

The right real estate brokerage software will help you gain market share, train, recruit, and retain more (and better) agents, and make more profits. Finding systems that can help you train more agents with fewer headaches is a win-win for you and your agents. That difference is everything.