Cleveland Appraisal Blog

MAY 26, 2023

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 property appraised. But the owner felt that a real estate agent could do the same type of valuation as an appraiser.

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Appraisal Real Estate Agent Real Estate Valuation 305

The Robert Weiler Company

SEPTEMBER 30, 2020

In most instances, such as public development projects or litigation cases, the commercial appraisal review is a mandatory examination of an appraisal report to spot mistakes, address errors in a CRE appraiser’s judgment or update information based on changing conditions due to the passage of time. Litigation.

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Real Estate Appraisal Valuation Property Appraisal 137

McKissock

MARCH 17, 2023

Steps to become a supervisory appraiser Step 1: Meet the requirements Make sure you meet the minimum supervisory appraiser requirements outlined in The Appraisal Foundation’s Real Property Appraiser Qualification Criteria as well as any additional state requirements that may apply.

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Appraisal Training Property Appraisal Real Property 97

McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Appraisal Partners Blog

JANUARY 31, 2024

In the ever-changing re­alm of real property, knowing the e­xact worth of your property plays a significant role. It helps you make informed decisions when you’re eithe­r on the buying or selling end. However, the appraisal of residential property involves several detailed steps and considerations.

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Appraisal Property Appraisal Market Value Real Estate 78

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.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

AmeriMac

JULY 1, 2021

A property appraisal is a process of estimating the value of real estate. Appraisals are almost always used in purchase and sale transactions, where they are used to determine if a home’s price is appropriate for its location, condition and features. Process of Property Appraisal.

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Property Appraisal Appraisal Appraisal Process Sellers 36

McKissock

OCTOBER 4, 2022

If you are considering a career in the appraisal field , you may be curious about how long it takes to get licensed and start earning an income as a real estate appraiser. Here is some information to help answer the frequently asked question, “How long does it take to become an appraiser?”

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Appraisal Property Appraisal Real Property Real Estate 95

DataMaster

MARCH 17, 2021

With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Advisory Opinion 16.

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Appraisal Inspection Property Appraisal Law 141

McKissock

JANUARY 4, 2022

. * Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details. Please note that state appraiser regulatory agencies may set requirements that are greater (i.e., more stringent) than AQB criteria.

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Appraisal Valuation Real Estate Agent Real Estate 93

McKissock

MAY 18, 2021

While the appraiser has broad flexibility in the level of detail and manner of disclosing the scope of work in the appraisal report, there must be sufficient information contained in the report for the client and other intended users that rely on the assignment results to understand the scope of work performed.

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Appraisal Inspection Clients Real Property 63

Walitt Solutions

MAY 24, 2024

So, the contract price changing does not require the appraiser to consider this situation a new assignment. Notice that nothing prohibits the appraiser from rising above the minimum requirements, such as including information on amendments or addenda to the contract that took place after the effective date. Analysis summary.]

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Contracts Appraisal Clients Market Value 74

Town & Country Residential Appraisals

MAY 8, 2023

When it comes to appraising a property, appraisers must take into account all agreements of sale. According to Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP), we are required to analyze any contracts for sale.

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Contracts Appraisal Real Estate Property Appraisal 54

East Coast Appraisal

OCTOBER 18, 2021

Reach out to the appraiser you have in mind, and ask them to email you a copy of their qualifications sheet that provides information on their education, associations, or licensing. Some of the licenses federal law might require include Certified General Real Property Appraiser and Certified Residential Real Property Appraiser.

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Appraisal Property Appraisal Valuation Real Estate 52

McKissock

AUGUST 21, 2020

It’s also a good idea to review the appraisal reporting requirements. USPAP STANDARD 2 clearly states the minimum content requirements for reporting a real property appraisal. Reporting requirements. This may be permissible, but make sure it’s disclosed and still produces credible results.

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Appraisal Appraisal Process Clients Development 92

The Robert Weiler Company

OCTOBER 15, 2021

Tip #5: Hire a professional Ohio real estate appraiser to assess the Columbus, Ohio commercial property for sale before signing. In addition to hiring an attorney, assemble a team of experts, particularly professional commercial property appraisers to assess the property prior to signing. 1031 Exchanges.

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Investing Real Estate Tenants Investors 138

Boston Appraisal

JUNE 24, 2019

This dichotomy between the perceived value of the property and the one reflected in the appraisal can lead to many issues when selling or refinancing. Let’s explore how solar panels and other green features add value to real property. Solar Panels and Other Green Features Are a Good Investment.

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Appraisal Market Value Real Estate Technology 78

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Evaluate the appraiser’s experience.

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Real Estate Appraisal Valuation Loan Officers 36

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. What is an appraiser expected to analyze and give an opinion on? Written by Steven W.

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Contracts Appraisal Market Value Real Estate 64

Empire Appraisal Group

AUGUST 12, 2021

Except in new construction, where plans are provided, the scope of work for URAR assignments requires appraisers to measure the property. Appraisers use exterior dimensions of each floor in the structure to calculate the gross living area for detached and attached one-unit housing. appeared first on Empire Appraisal Group.

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Sellers Appraisal Development Construction 78

DataMaster

MARCH 17, 2021

With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting.

Appraisal 78

Appraisal Inspection Property Appraisal Law 78

DataMaster

MARCH 17, 2021

With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Advisory Opinion 16.

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Appraisal Inspection Property Appraisal Law 78

Appraisal Today

JULY 12, 2024

It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends. At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? The appraisal includes no recent sales of similar design.

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Appraisal Design Contracts Business 75

McKissock

SEPTEMBER 10, 2020

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.

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Appraisal Valuation Real Estate Design 54

Real Quantum

JUNE 8, 2022

Attending the AI’s educational events keeps them up to date and well-informed about an ever-evolving industry. Applicants need to show evidence of a Bachelor’s degree or higher from an accredited institution unless they are Certified General Real Property Appraisers, in which case this stage is not needed.

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Design Appraisal Real Estate Decorating 68

McKissock

DECEMBER 15, 2020

The VA Lenders Handbook, Pamphlet 26-7, provides some additional information about appraisal fees. Check out our VA appraisal course: Appraising for the VA. Bradley, SRA, CDEI is the Director of Online Appraisal Curriculum for McKissock Learning. Want more info and insights? Written by Dan Bradley.

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Appraisal Property Appraisal Contracts Real Property 53

McKissock

FEBRUARY 23, 2021

“Excellent course that provided me with current HUD/FDA policies, procedures and requirements and excellent helpful information…I was never bored.” Supporting Your Adjustments: Methods for Residential Appraisers. Newer appraisers are likely to find a lot of new and useful information in this course.

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Appraisal Inspection Development Design 52

Walitt Solutions

MAY 17, 2024

For example, Standards Rule 2-3 indicates all real property appraisal reports must address the following certification element (there are corresponding certification requirements in Standards Rules 4-3, 6-3, and 8-3): I have (or have not) made a personal inspection of the property that is the subject of this report.

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Inspection Appraisal Clients Appraisal Process 57

McKissock

AUGUST 11, 2020

Imagine if you don’t have a good workfile, and a complaint is filed, and you retrieve the workfile and take a look at it and think, “What was I doing when I did this appraisal? There should be enough information in your workfile so that you know exactly what you were thinking when you developed and reported that opinion of value.

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Appraisal Clients Real Estate Law 64

Appraisal Today

SEPTEMBER 22, 2023

Using MLS photos is a joke, as real estate agents don’t take photos of defects. A buyer gets a seller’s disclosure statement for that information. Data Collectors: Appraisers vs. Most of the inspection training we receive as appraisers happens in the field. There were some fee appraisers.

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Appraisal Training Inspection Real Estate 94

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. George was a founding member of the National Association of Appraisers (NAA). For more information on NAA click her e NAA Facebook page click here Add your comments. 2022 year-end tax planning for appraisers.

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Appraisal Agents Real Estate Real Estate Agent 89

Appraisal Today

AUGUST 9, 2024

Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property. Appraisals are ordered after the loan application.

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Appraisal Reconsideration of Value Insurance Market Value 74

AmeriMac

SEPTEMBER 17, 2024

The Basics of Alternate Valuation Alternate valuation in real property means using different methods to estimate a property’s worth. These options use advanced tools, machine learning, and big data to analyze a lot of information that affects the house’s value.

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Valuation Real Estate Technology Tools 36

Appraisal Today

NOVEMBER 20, 2022

Excerpts: Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. To read more, click here.

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Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

OCTOBER 27, 2023

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. Appraisals are ordered after the loan application.

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Property Appraisal Appraisal Business Contracts 80

Appraisal Today

NOVEMBER 29, 2024

The recent expansion of appraisal waiver eligibility likely does not sit well with those poised to take on leadership roles in the next Trump administration, as it underscores creep from the GSEs missions. To read more about the 4 ways, plus information on why I take ads, etc. Click here 2024 Year end tax planning for appraisers.

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Appraisal Business Contracts Real Estate 85

Appraisal Buzz

NOVEMBER 25, 2024

With the election behind us and Republicans poised to control most—if not all—of the legislative process, I felt it important to look at what’s been said regarding how a new Trump administration will handle appraisal-related issues.

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Appraisal Valuation Real Estate Government 369