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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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Sales Comparison Approach is Racist

Appraiserblogs

Race is NEVER considered during a valuation Last week in a congressional hearing on the future…. Racial Bias: Redlining in the Modern Era.are they behind this modern day redlining? The broad definition of an algorithm according to Merriam Webster’s Dictionary is “a…. Is Race Baked into Big Data?

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Look in the Mirror

Appraiserblogs

Related Posts: Racial Bias: Redlining in the Modern Era.are they behind this modern day redlining? The broad definition of an algorithm according to Merriam Webster’s Dictionary is “a… Only Blacks Need Apply.

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The appraisal gap is complicating deals across the country

Housing Wire

It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. How hybrid title and valuations help increase lending efficiency. It was definitely a rush job! The home checked off every box on Linda’s list.

Appraisal 540
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Staying Relevant in the Appraisal Industry

Appraisal Buzz

Class Valuation, McKissock, and DataMaster are hosting a Free webinar on “ Staying Relevant in the Appraisal Industry ” June 28th at 2 pm with Mel Black, Matt Simmons, Jared Preisler, and Lamar Ellis. Lamar: I have over 30 years of real estate valuation experience and hold the Appraisal Institute designations of MAI and SRA.

Appraisal 195
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How To Appraise Rural Properties

Appraisal Today

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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How much value do home improvements add to an appraisal?

Boston Appraisal

Consider modernizing appliances, installing new countertops, or improving the layout. If your home is outdated or in poor condition, making necessary repairs and upgrades will definitely impact valuation but only in terms of bringing the property up to what the market typically reacts to.