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. Understanding the Basics So, why do you need an appraisal for your residential property?

Appraisal 78

Appraisal Property Appraisal Market Value Real Estate 78

AmeriMac

JULY 1, 2021

A property appraisal is a process of estimating the value of real estate. Appraisals are almost always used in purchase and sale transactions, where they are used to determine if a home’s price is appropriate for its location, condition and features. Process of Property Appraisal.

Property Appraisal 36

Property Appraisal Appraisal Appraisal Process Sellers 36

McKissock

DECEMBER 28, 2021

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Mortgage rates are expected to rise, but still remain attractive and reasonable. Major unknowns in the coming year.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Boston Appraisal

JUNE 24, 2019

Many appraisers believe that these green features, although expensive, add little value to the property, while potential buyers find these features appealing and valuable. This dichotomy between the perceived value of the property and the one reflected in the appraisal can lead to many issues when selling or refinancing.

Appraisal 78

Appraisal Market Value Real Estate Technology 78

Empire Appraisal Group

AUGUST 12, 2021

Be ready to explain to home buyers and sellers why there may be conflicting reports on a home’s livable space. Many characteristics affect the appeal, marketability, and value of a property. Except in new construction, where plans are provided, the scope of work for URAR assignments requires appraisers to measure the property.

Sellers 78

Sellers Appraisal Development Construction 78

The Robert Weiler Company

OCTOBER 15, 2021

Having a keen sense of these factors off the bat helps property or land buyers determine the predicted economic atmosphere within the coming years. For first time buyers, hiring a property manager is recommended. It takes work in the beginning to find the right person to manage your commercial investment property.

Investing 138

Investing Real Estate Tenants Investors 138

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. What is an appraiser expected to analyze and give an opinion on?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

McKissock

SEPTEMBER 10, 2020

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.

Appraisal 54

Appraisal Valuation Real Estate Design 54

McKissock

AUGUST 11, 2020

Changing the appraised value simply for the purpose of meeting the contract sales price is not a good reason. Such an act might appear to make everybody happy, e.g., the lender/client gets to make a loan, the real estate agent gets a commission, the buyers get the house, etc. And it’s not going to be good.

Appraisal 64

Appraisal Clients Real Estate Law 64

Appraisal Today

SEPTEMBER 22, 2023

For example, I’m appraising a Victorian built before 1910. Using MLS photos is a joke, as real estate agents don’t take photos of defects. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. No appraisal required on those!

Appraisal 86

Appraisal Training Inspection Real Estate 86

Appraisal Today

JULY 12, 2024

At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? The appraisal includes no recent sales of similar design. The 1007 was not designed for appraising single-family properties that are used as STRs.

Appraisal 68

Appraisal Design Contracts Business 68

AmeriMac

SEPTEMBER 17, 2024

By examining local market trends, neighborhood amenities, and specific features of the property, alternate valuation products provide a detailed view of a home’s value. The Basics of Alternate Valuation Alternate valuation in real property means using different methods to estimate a property’s worth.

Valuation 36

Valuation Real Estate Technology Tools 36

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate.

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Appraisal Today

AUGUST 9, 2024

Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. Most often, it is defined as the most probable price a property should sell for under typical conditions.

Appraisal 67

Appraisal Reconsideration of Value Insurance Market Value 67

Appraisal Today

OCTOBER 27, 2023

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time.

Property Appraisal 72

Property Appraisal Appraisal Business Contracts 72

Appraisal Today

NOVEMBER 29, 2024

This also opens the door for pushback on related changes, such as the expansion of the Nondiscrimination rule of the Uniform Standards of Professional Appraisal Practice, or the addition of valuation bias education to the Real Property, to the extent that either of these would include content that goes beyond what exists in statute already.

Appraisal 76

Appraisal Business Contracts Real Estate 76