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With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. Up until now, Xactus obtained data from third parties.
The mission of the valuation professional has always been as objectively as possible to evaluate a property and analyze data to provide credible results that users could rely on to solve problems relating to their specific needs. For all the value of technology, we would be wise to avoid mistaking these tools for the solution.
With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a realproperty appraisal? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? Isn’t that all that appraisers do?
Let’s face it, property management is a long-term ordeal, and not everyone has the time to perform realproperty management – you are not alone. Maintaining and running a property can quickly become overwhelming. If so, they may be signs that you need help from an on-site property manager for hire!
Functional Obsolescence is the impairment of a realproperty’s functional capacity due to changes in market tastes and/or standards. In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.
In this job aid, we’ve compiled several recommendations shared by a hearing officer, a property assessor, and appraisers who regularly perform realproperty assessment appeal assignments. This job aid provides in-depth guidance on appraising a big box retail property. Job aid: Big Box Retail Valuations.
Unlike regular appraisal methods, which mainly consider recent sales data and the property’s features, these products use more data points and different analytical techniques. They use technology and smart algorithms to provide a better and more accurate value for a property. This helps us make smart investment choices.
Valuing Appraiser Professionalism: A Blueprint for Survival By Jo Traut, McKissock Learning Excerpts: Having spent nearly three decades in the field of real estate appraisal, I’ve witnessed firsthand the evolution of our profession, particularly with respect to technological advancements. This phenomenon isn’t unique to our discipline.
From accusations of bias or discrimination to failure to disclose significant realproperty appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. Failure to analyze the sales history of the subject property. By McKissock November 15, 2022. To read more, click here.
Alternative appraisal valuation products offer innovative ways to assess real estate assets using advanced technology and data analysis. These products provide a more efficient property valuation method by incorporating machine learning algorithms and AI. This helps them figure out property values more accurately.
Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a realproperty, an appraiser must: (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b)
Soaring ceilings, expansive open spaces, & impeccable finishes, every detail reflects modern elegance. State-of-the-art movie theatre, outdoor kitchen, & Crestron smart home technology. This fee will be in addition to the existing technology fees already charged on a per-appraisal basis.
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