Sat.Jan 18, 2020 - Fri.Jan 24, 2020

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The Brick Underground Podcast: 1-23-20 Talking Peak Uncertainty

Miller Samuel

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.

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2019 Area Single Family Price Trends

Advanced Appraisal

01/18/2020

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Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends

Simonson Real Estate

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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Is Fannie Mae Recruiting New Appraisers??

Robinson Appraisal Group

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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How to Build Equity in Your Home

Chicagoland Appraisal Blog

Chicagoland Appraisals had the privilege to be featured on Redfin amongst other top appraisal companies across America to give the best way to build home equity in America. Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

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The importance of drilling deeper than broad statistics

Annarbor Appraisal

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).

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Common DIY Remodeling Mistakes and How to Avoid Them

Patch of Land

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?

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How to spot a bad appraiser.

Town & Country Residential Appraisals

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.

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The Appraisal Foundations Dirty Secrets?

Valuation Nation

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

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Mr. Bagott Replies to TAF’s “Cryptic Memo”

Valuation Nation

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.

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Reply From The Appraisal Foundation

Valuation Nation

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.

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USGBC Releases Top 10 States For LEED Building

Valuation Nation

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. .

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Allocation and Land Values

Town & Country Residential Appraisals

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.

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