McKissock

JANUARY 31, 2023

” “The amount of knowledge, continued education and diligence it truly takes to provide an excellent work product for the property appraisal.” ” Appraisers do not assign value “Appraisers do not dictate a home’s value, the market does.” ” “The definition of market value.”

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Real Estate Agent Real Estate Agents Appraisal 97

Movoto

MAY 29, 2024

During standard home sales, earnest money comes into play around the time a home goes under contract. In the following blog, we’ll touch on various elements of closing on a real estate deal , provide an earnest money definition, and explain how it works. What is Earnest Money? It thereby reduces the amount of the transaction.

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Contracts Sellers Real Estate Buyers 36

Appraisal Today

SEPTEMBER 22, 2023

They included appraisers, real estate agents, and someone with a week, a month, or online video training. They should definitely not be paid the same. On a more positive side, I have done thousands of drive by appraisals since 1986. Most of the inspection training we receive as appraisers happens in the field.

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Appraisal Training Inspection Real Estate 88

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. Most appraisers use the “Fannie Mae” definition of market value.

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Appraisal Reconsideration of Value Insurance Market Value 68

Appraisal Today

MARCH 15, 2024

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. Is it an appraisal issue? Is it an appraisal issue? Or is it something else? percent from 7.02

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Appraisal Inspection Modernization Business 71

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Doing a national appraisal conference during the 2008 crash was risky but very much needed by appraisers. He was a very nice, kind person and definitely One Of The Good Guys. Many thanks to George.

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Appraisal Agents Real Estate Real Estate Agent 83

Appraisal Today

DECEMBER 8, 2023

Next is, “Does the real estate mortgage lending industry owe the real estate appraiser a living?” When to Get Property Appraised When Someone Dies? Excerpts: An appraisal can be useful in several ways. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.98

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Appraisal Real Estate Contracts Design 68

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 average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.00 percent from 7.03 percent, with points decreasing to 0.60

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Appraisal Design Contracts Business 70

Appraisal Today

AUGUST 2, 2024

————————————————————————————– When Is Single-Family a Multi-Family Appraisal? The average contract interest rate for 15-year fixed-rate mortgages increased to 6.27

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Appraisal Valuation Law Contracts 75

Appraisal Today

APRIL 28, 2023

First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. So our first task is to find a property with solar panels that’s similar to the subject. Taking a webinar or class from him is definitely worth the price. He knew everything! percent from 0.5

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Appraisal Business Real Estate Contracts 52

Appraisal Today

NOVEMBER 20, 2022

Excerpts: Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. To read more, click here.

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Appraisal Real Estate Agent Real Estate Contracts 52

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. To read more, click here If you appraise ADUs in California, read this bill!

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Property Appraisal Appraisal Business Contracts 74

Appraisal Today

JUNE 23, 2023

Both Fannie and Freddie insist that appraisers remain an integral part of the valuation landscape and demand for appraisal services will continue into the future. But there definitely appears to be truth in Fannie’s unpopular choice of words. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.26

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Appraisal Real Estate Valuation Contracts 88

Appraisal Today

MARCH 14, 2025

Binneys framing of the challenges that appraisers have faced around this thorny issue. Working RE is published for appraisers on both sides of the political aisle.) Appraisers being trapped in this is a big problem. He was definitely an expert on the history of this topic. He did not get nominated, unfortunately.

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Appraisal Valuation Contracts Government 52