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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. Follow this link to download a copy to your computer ( [link] ). Authors note: I may use time adjustments and market conditions adjustments interchangeably.

Appraisal 358
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Is A Cubicasa Scan an Inspection?

Cleveland Appraisal Blog

The 2021-2022 edition of USPAP defines a “Personal Inspection” of a property being appraised as follows: “A physical observation performed to assist in identifying relevant property characteristics in a valuation service.” It took me hours to measure the improvements on the property.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. Top changes to look for in 2022.

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How to Upgrade Your Appraisal License

McKissock

However, these are the general guidelines you’ll need to follow to meet the Appraisal Qualifications Board (AQB) criteria. Real estate appraiser qualification criteria. Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details.

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What New Appraisal Specialty Do You Wish to Break Into?

McKissock

Appraisals attempting to mimic a 3–6 month market trend are often inadequate.” ” “The Central Texas market is experiencing a shortage in housing supply and I’ve seen a smaller portion of my valuations reaching the sales price. This is common and I’ve received more review appraisal requests.”

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7 Reasons to Upgrade Your Appraisal License

McKissock

Certified general appraiser: All types of real estate, from strip malls to airports. Get insights and trends to help you grow your appraisal career. Download your free copy of the latest Appraisal Income Guide. Income property appraisal. Complex property highest and best use. Control your fees.

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Appraisals and the Cost Approach

Appraisal Today

By Kevin Hecht Excerpts: When to Use the Cost Approach There are circumstances when its necessary to use the cost approach, for example, unique properties and new construction. Fannie Mae only accepts the sales comparison approach as its primary valuation tool. Valuation Profession Fact Sheet Effective 08/01/2023 Men 67.9%