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 the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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McKissock

JULY 29, 2020

As part of their appraisal modernization efforts, Fannie Mae and Freddie Mac (the GSEs) have issued test forms for Hybrid and Desktop appraisal assignments. The forms will be made available to the major appraisal report software providers. Appraisers should continue to use the current URAR form for these assignments.

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Housing Wire

NOVEMBER 30, 2021

The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4%

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Appraisal Today

JULY 12, 2024

Charles kitchen cabinets have been preserved and restored, blending seamlessly with luxurious modern updates like fine wool carpeting in the bedrooms and sophisticated new kitchen and bathroom fixtures. At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria?

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Appraisal Today

AUGUST 18, 2023

Be sure to put in a comment requesting it. == The Future of Property Appraisal: Unveiling the UAD Redesign and New URAR By: McKissock August 15, 2023 At the recent Valuation Expo conference in Las Vegas, Heather Sullivan (Aloft), Ken Defeo (Fannie Mae), and Sean Murphy (Freddie Mac) provided a peek at some of the upcoming changes.

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Appraisal Today

JANUARY 20, 2023

People call it modern, but I think it’s more a contemporary style with its open spaces, large expanses of windows, and unconventional volumes of space,” says listing agent Pradnya Martz, of Keller Williams. An excellent way to get more appraisal business! Could a seller credit damage the chance of appraising at the purchase contract?

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Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” USPAP and the Contract. My Comments on Market Changes.

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Appraisal Contracts Real Estate Mortgage 52

Zillow

JULY 25, 2016

You've made an offer on a property, the seller has accepted, and maybe you’re about to sign a contract. Get to know the property Every house, no matter if it's a 100-year-old Victorian or a modern marvel , should have some type of inspection before it's sold. Here are the top 3 ways to protect your deposit.

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AmeriMac

JANUARY 3, 2022

What Is an Appraisal Contingency? An appraisal contingency, by association, is a condition built into the real estate contract that both buyers and sellers will need to adhere to. For the sake of example, let’s say a buyer agrees to buy a property for $500,000.

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AmeriMac

JANUARY 3, 2022

What Is an Appraisal Contingency? An appraisal contingency, by association, is a condition built into the real estate contract that both buyers and sellers will need to adhere to. For the sake of example, let’s say a buyer agrees to buy a property for $500,000.

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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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Housing Wire

MAY 27, 2022

Likewise, a 2021 Freddie Mac study of more than 12 million appraisals dating back to 2015 found that appraisers’ opinions of value were more likely to fall below the contract price in Black and Latino census tracts. Some researchers point to appraisal methodology as a culprit.

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Clear Capital

JANUARY 5, 2023

Waters and others are seeking legislative changes to address systemic appraisal discrimination. She is not alone in addressing bias in appraisals and housing. Freddie Mac’s analysis of 12 million appraisals found specific appraisal gaps related to both place (census tract) and people (race/ethnicity). points for Blacks.

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Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. percent from 7.58

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

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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. The average contract interest rate for 15-year fixed-rate mortgages increased to 7.08

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Appraisal Today

MARCH 14, 2025

But what makes these petite properties all the more appealing is their potential as a money-making enterprise, with many ADUs serving as ideal rental properties that can be used as an additional form of income. Binneys framing of the challenges that appraisers have faced around this thorny issue. percent from 6.73

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Appraisal Today

NOVEMBER 29, 2024

Soaring ceilings, expansive open spaces, & impeccable finishes, every detail reflects modern elegance. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.86 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.29

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Appraisal Today

NOVEMBER 16, 2024

To read more, Click Here Murder in the flying saucer: inside The Chemosphere in Los Angeles, CA Designed by famed architect John Lautner, the Chemosphere is an LA midcentury modern relic Excerpts: Hovering above the treetops along Mulholland Drive, the road snaking through the Hollywood Hills, a flying saucer appears. percent from 6.81

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Appraisal Today

FEBRUARY 7, 2025

Among other things, one of the executive orders terminates to the maximum extent allowed by law, all DEIoffices and positionsall equity action plans, equity actions, initiatives, or programs, equity-related grants or contracts; and all DEI or DEIA performance requirements for employees, contractors, or grantees. Who Could Possibly Want That?

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