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NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?
Typically, this area comprises homes that are similar in terms of age, quality, design, appeal, price range, school system, and transportation access points, among other factors. Appraisers will use the most recent sales available so it stands to reason that agents should do this as well.
Relocation appraisals play a vital role in the relocation industry by determining a property’s fair market value. These aren’t your everyday mortgageappraisals; they look into many details that matter when companies move their employees around.
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