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Let’s get do what’s happening with housing stats in Northeast Ohio. GETTING TRENDY (Cuyahoga County Housing Trends) The housingmarket in Northeast Ohio has remained strong despite the relatively higher mortgage interest rates and affordability issues. I am a member of the National Association of Appraisers.
The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital propertyappraised. But the owner felt that a real estate agent could do the same type of valuation as an appraiser.
” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. AN EXAMPLE Earlier in the year, I appraised a property that was originally built for buyers that do not require electricity. That is not always a simple task.
2023: The Year of Housing Disappointment – Housin g Notes by Jonathan Mille r. How Was The HousingMarket in 2022? – Birmingham Appraisal Blog. Appraiser Professional Goals – APPRAISAL TODAY. Here are some links to other articles I think you might also enjoy… .
The 2022 real estate appraisal term of the year will be “standardization”—of data specifications and measurement standards. Desktop appraisals, with information provided by third-party hirelings, may increase. Housingmarket trends for 2022. Opportunities for appraisers in 2022.
Industry experts and economists maintain a watchful eye on the housingmarket as the new year approaches. With 2023 just around the corner —and a good deal of uncertainty in the air—we wanted to find out where real estate appraisers plan to focus their efforts and what goals they hope to achieve next year.
At the center lies this crucial inquiry: Are only essential requirements included in the RealPropertyAppraiser Qualification Criteria? The appraisal includes no recent sales of similar design. The 1007 was not designed for appraising single-family properties that are used as STRs.
Excerpts: Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant realpropertyappraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. To read more, click here.
Understanding Market Value Market value is the most frequently sought value in realpropertyappraisals and can have various definitions. Most often, it is defined as the most probable price a property should sell for under typical conditions. housingmarket has surged to a record $11.5
In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of realpropertyappraisers providing appraisal services to lenders who provide home mortgages.
(Image generated by AI through Midjourney) Some housing industry professionals have cheered the Trump administration’s actions to disable the Consumer Financial Protection Bureau (CFPB), but appraisers have mixed feelings about it. These are homes, stores, offices and data centers.
This also opens the door for pushback on related changes, such as the expansion of the Nondiscrimination rule of the Uniform Standards of Professional Appraisal Practice, or the addition of valuation bias education to the RealProperty, to the extent that either of these would include content that goes beyond what exists in statute already.
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