Remove Contracts Remove Real Property Remove Reconsideration of Value
article thumbnail

Types of Appraisal Values

Appraisal Today

Depending on the specific appraisal assignment, different types of value may be considered. Let’s examine eight different types of value and provide a high-level overview of each. Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions.

article thumbnail

Are Appraisers Professionals?

Appraisal Today

At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? The 1007 was not designed for appraising single-family properties that are used as STRs. from 0.62 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

article thumbnail

Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” The appraiser must now reconcile these three values into one final opinion of value. By Greg Stephens, SRA, AI-RRS.