Miller Samuel
JANUARY 23, 2020
I joined Emily Myers of Brick Underground for my third interview on their podcast series. The discussion topics are covered here: The Brick Underground Podcast: How does NYC real estate move past ‘peak uncertainty’ in 2020.
Realtor
JANUARY 27, 2020
stocknshares/iStock Probate is the legal process of sorting and distributing someone’s personal property when they die. The last will and testament is taken into account and executed according to the deceased’s wishes. This often includes real estate, as well as other high-ticket items like cars or valuable jewelry. But what happens when the deceased didn’t bequeath a home to an heir?
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Simonson Real Estate
JANUARY 23, 2020
I attended the 2020 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 17, 2020. This year had a slight twist as I was invited to speak on the multi-family panel. Topics centered on valuation trends for the retail, industrial, office and multi-family property sectors.
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Robinson Appraisal Group
JANUARY 22, 2020
Could this be true? Is Fannie Mae trying to. recruit new appraisers to enter the field? It seems as though over the. past decade Fannie Mae has been trying to minimize and reduce the role. of the appraiser with proposed changes by moving toward appraisal. waivers, hybrid appraisals (also known as bifurcated appraisals). and automated valuation models.
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Miller Samuel
JANUARY 15, 2020
I had a great chat with my friend and Douglas Elliman power broker Frances Katzen.
Realtor
JANUARY 27, 2020
stocknshares/iStock Probate is the legal process of sorting and distributing someone’s personal property when they die. The last will and testament is taken into account and executed according to the deceased’s wishes. This often includes real estate, as well as other high-ticket items like cars or valuable jewelry. But what happens when the deceased didn’t bequeath a home to an heir?
Annarbor Appraisal
JANUARY 20, 2020
The market statistics we get from the Board of Realtors is broad. It encompasses all properties, not segmented by school district or area, size, or any other factor. The December figures that came out a couple of days ago indicate a 7.3% increase in sales price, but if you do compare to the school district, it is not the same (also one month as opposed to one year).
Valuation Nation
JANUARY 22, 2020
I kicked a hornet’s nest earlier in the week. I knew that it was not only possible but very likely that someone (maybe even a few people) would have a serious issue with my posting the Appraisal Foundation (TAF) tax paperwork showing their president’s salary, David Bunton, from 2017. I do not begrudge anyone making a salary commensurate with what they are worth in the market.
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Patch of Land
JANUARY 22, 2020
Are you considering attempting a “do it yourself” project for your home? Professionals are in high demand for these types of projects because often time’s homeowners get in over their head, or forget important steps before or during DIY remodeling projects. Looking to update your bathroom or kitchen, or maybe knock walls down to create more space but don’t know where to start?
Town & Country Residential Appraisals
JANUARY 27, 2020
Why are real estate agents among the top 10 most hated professions? Why is “fluffing” a property ok, but “lying” about a property is an ethics violation… and more importantly, where is the line. We’ve seen 1 bedroom homes “fluffed” into 4 bedrooms, and 0 bath homes “fluffed” into 1 bath homes - BY BROKERS?! Where is the standard? Most home buyers have encountered a “lying listing” — the house for sale that doesn’t even remotely resemble its colorful description in the Multiple Listing Service or
Miller Samuel
JANUARY 7, 2020
I joined Vonnie Quinn on Bloomberg Markets to talk about the results of my recent research for Douglas Elliman's Elliman Report: Manhattan Sales Report Q4-2019. Always enjoy the conversation.
Walitt Solutions
JANUARY 1, 2020
The Market Machine is an excel-based stand-alone tool for real estate appraisers and other valuers, for use on PCs (not for Mac). Market Machine uses the data that you export from your MLS or other data source. It requires 2010 or 2013 (or newer) 32-bit version of MS Office Excel. Once you buy it, you have it for your use, with no monthly or annual fee.
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Miller Samuel
JANUARY 7, 2020
[click to see article and play clip]. Enjoyed speaking with Michael Herzenberg of NY1 on the Super Tall story in Manhattan. This is a great summary of the phenomenon.
Valuation Nation
JANUARY 20, 2020
The Appraisal Foundation (TAF) made some waves this last few days. A new book just came out discussing what goes on at TAF and it doesn’t sound too good. I have yet to read it, but have ordered it. From what a few people have described to me it doesn’t paint a pleasant picture of TAF. The book can be found at this link: [link]. In other revelations, a colleague has posted to Facebook a copy of TAF’s 2017 tax filings and it discloses what is being paid to David Bunton, Kelly
Valuation Nation
JANUARY 27, 2020
The author responds and updates information regarding The Appraisal foundation. Incorporation by reference is the major premise of what Mr. Bagott is writing about and in this update, he is looking at the Texas Railroad Commission. While not specific to the valuation profession it is yet another instance of the public sector grabbing private documents and placing them into regulations and codes.
Valuation Nation
JANUARY 24, 2020
This was just sent over to me. Mr. Bagott, the author of the book that exposes the odd salary information for the president of The Appraisal Foundation, David Bunton. I will add to the oddity of this week by disclosing that someone from Mr. Bunton’s staff called me Tuesday and essentially gave me a dressing down for posting the information that I had at that juncture.
Valuation Nation
JANUARY 22, 2020
I am currently attending the Collateral Risk Network meeting in Sarasota, Fl but I wanted to post up a reply sent out from TAF this morning. I will have some follow up later in the day as time permits, but I wanted to get this out as it was sent to me directly. The link is unaltered and is exactly as it was sent to me. [link]. I appreciate TAF’s intent to explain the situation and give transparency.
Valuation Nation
JANUARY 22, 2020
The U.S. Green Building Council ( USGBC ) has announced its list of Top 10 States for LEED green building. My own home state, Virginia, is number seven. Thanks to Sandra Adomatis for the information. .
Town & Country Residential Appraisals
JANUARY 24, 2020
Wouldn’t it be nice if “bad guys” all had mustaches like they did in the old black and white movies? They ask you at the inspection “So, how much do you need this to come in at?” That’s a step towards mortgage insurance fraud and a lost license. An appraiser’s data, reasoning and final opinion should be credible, reliable, independent, impartial and objective.
Town & Country Residential Appraisals
JANUARY 20, 2020
Allocation is a tool used by some appraisers in some areas in order to determine land value. Its often used when no other tools are available. These tools include: Vacant land sales - this analysis is preferred as it gives an up to date look at what vacant land is commanding on the open market. The subject site is considered vacant (without any improvements) and then compared to sales of vacant land in the recent past.
Town & Country Residential Appraisals
JANUARY 6, 2020
Jeff Foxworthy mastered the “You might be a redneck…” joke format, and has used it for decades. Today we take some inspiration from his format and apply it with some levity to the real estate market. If your buyer is using FHA/USDA financing and your house is shedding paint faster than a Husky in Houston… You might not be closing. FHA/USDA/VA have strict rules on peeling paint - even if you have a newer home.
Town & Country Residential Appraisals
JANUARY 3, 2020
I’m a fan of thought experiments (as anyone who reads this page regularly already knows). A thought experiment is a process by which one weighs the information that one has and considers the consequences. Doing this allows the experimenter the ability to make better choices and consider the underlying truths of a situation. Today we’ll apply this to the common practice of subdividing land and discover why it may be helpful (from a value perspective) to have an appraisal beforehand.
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