Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

Valuation 360

Valuation Contracts Appraisal Legal 360

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., fee simple, leased fee, etc.) population, news articles, economic data, internet searches, etc.)

Appraisal 87

Appraisal Appraisal Process Property Appraisal Real Property 87

McKissock

JULY 29, 2020

The GSEs have also aligned on guidance regarding the use of these test forms, including formal definitions for “Hybrid” and “Desktop” assignments. These two terms are often used interchangeably by appraisers and clients, but under the GSEs’ new definitions, they are different types of assignments. Written by Dan Bradley.

Modernization 60

Modernization Appraisal Property Appraisal Clients 60

Walitt Solutions

MAY 17, 2024

We know, for example, that an appraiser operating a drone while at his or her office could not claim to have performed a “personal inspection” of a property. subject property The defined term only relates to the property that is the subject of the appraisal.

Inspection 57

Inspection Appraisal Clients Appraisal Process 57

Empire Appraisal Group

AUGUST 12, 2021

The agencies involved in residential lending—Fannie Mae, Freddie Mac, the Department of Veterans Affairs, and the Federal Housing Administration—have slightly varying definitions of gross living area, but all agree on these facts: Gross living area is the finished, above-grade residential area. appeared first on Empire Appraisal Group.

Sellers 78

Sellers Appraisal Development Construction 78

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.

Appraisal 70

Appraisal Reconsideration of Value Insurance Market Value 70

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.

Appraisal 90

Appraisal Training Inspection Real Estate 90