Boston Appraisal

FEBRUARY 11, 2024

However, it may lack the historical significance that often adds value to preserved properties. Appraisal methods for these properties might also include the cost approach (reproduction cost using historical techniques). Renovation costs are typically lower as they involve working with existing structures and materials.

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Appraisal Renovations Architecture Appraisal Process 147

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

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Valuation Contracts Appraisal Legal 360

Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. And we absolutely should not compromise on that end result.

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Appraisal Process Appraisal Reconsideration of Value Valuation 369

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” The 58-page report is available here , while an Executive Summary of the report is also available.

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Valuation Property Appraisal Training Appraisal 91

The Robert Weiler Company

APRIL 12, 2023

With recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment (also referred to as a reappraisal) is underway. > Related Tip: Are you considering selling the property you’re reappraising?

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Property Appraisal Property Taxes Valuation Real Estate 148

Appraisal Buzz

APRIL 15, 2024

The new data set is all encompassing for every property type (residential) that were traditionally divided into 12 separate forms. The appraiser will be led through a process, defined by the scope of work. This scope of work is determined by the type of property and the characteristics of the property.

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Appraisal Design Lending Technology 397

McKissock

NOVEMBER 5, 2021

JPMorgan Chase has donated $3 million to the Appraiser Diversity Initiative. The self-paced online version of the official 2022-2023 USPAP Update Course is now available, along with the new USPAP Reference Manual. Keep reading for this week’s appraisal news and insights. Property values continue to rise.

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Appraisal Government Property Appraisal Valuation 73

Appraisal Buzz

MAY 24, 2021

These properties are not for owner occupancy. Because multifamily homes serve a different purpose than single-family properties, appraisers have yet another factor to consider before presenting a number to the bank. Reproduction refers to how much a replica would cost to build. That’s where possible hurdles can arise.

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Appraisal Tenants Buyers Landlords 397

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

NOVEMBER 24, 2022

Things to Consider when Appraising Rural Residential Properties Appraisals of rural residential properties do not conform to the typical mortgage lending underwriting expectations of urban and suburban residential properties. We’ve scoured the internet to share numerous resources and useful links.

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Appraisal Renovations Architecture Real Estate 52

McKissock

NOVEMBER 15, 2022

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. Make sure you hire competent counsel.

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Appraisal Property Appraisal Real Property Insurance 80

The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

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Real Estate Appraisal Valuation Property Appraisal 137

Cleveland Appraisal Blog

JULY 6, 2022

The same edition of USPAP goes on to make the following comment: “An appraiser may use any combination of a property inspection, documents, such as a legal description, address, map reference, a copy of a survey or map, property sketch, photographs, or other information to identify the relevant characteristics of the subject property.”

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Inspection Appraisal Technology Clients 369

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

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Real Estate Appraisal Property Appraisal Valuation 60

Realtor

JUNE 29, 2020

With an appraisal waiver, however, also known as a property inspection waiver, the loan is underwritten without hiring an appraiser. Instead, the lender assesses the property. Appraisal waivers were once rare, but the coronavirus pandemic has made them more popular.

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Appraisal Technology Inspection Property Appraisal 141

McKissock

JULY 29, 2020

A Desktop appraisal is defined as, “An appraisal assignment for which the scope of work does not include field work by the appraiser and does not include reviewing a recent interior/exterior property data report.”. URAR Hybrid and Desktop Appraisal Forms – Overview. Written by Dan Bradley.

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Modernization Appraisal Property Appraisal Clients 60

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Residential appraisers may need an associate degree and commercial appraisers usually need a bachelor’s degree. Evaluate the appraiser’s experience.

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Real Estate Appraisal Valuation Loan Officers 36

McKissock

JULY 20, 2021

No matter how the appraisal inspection appears to the uninitiated, it is not the equivalent of a home inspection. An appraiser is required to observe the subject property and the surrounding area for certain factors which affect the subject property. Instead, the words “observe” and “observation” are used.

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Inspection Appraisal Construction Clients 105

D Fritz Appraisals

AUGUST 12, 2019

Understanding the differences between an appraisal and an inspection will help you understand when you might need one or the other – or both – before you buy your first home. Let’s explore the similarities and differences between a home inspection and a home appraisal. What Is a Home Appraisal?

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Inspection Appraisal Property Appraisal Real Estate 96

McKissock

JANUARY 18, 2022

Here are some stats to consider: As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States were certified general appraisers. Income property appraisal. Complex property highest and best use. Environmental issues. Narrative report writing. View required core curriculum.

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Appraisal Law Valuation Review Real Estate 82

McKissock

AUGUST 4, 2022

Disciplinary complaints are a hot topic these days with appraisers. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common. It will be a very helpful reference tool and a good place to take notes.

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Appraisal Valuation Real Estate Property Appraisal 60

The Robert Weiler Company

APRIL 20, 2021

The appraiser must refer to the company’s past net earnings performance and process that figure by capitalizing this number to a present value. Sometimes referred to as Seller’s Discretionary Earnings, or SDE, this number is principally used to show your business’s earning potential with a new owner. Refer to your business plan.

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Valuation Business Buyers Market Value 147

Magnusson Group

JULY 22, 2021

The Personal Property Conference Committee (which I chair) has chosen Ephemera and Provenance as recurring subjects at the ASA International Appraisal Conference in Las Vegas in October. Provenance references origin. The Neon Museum, Las Vegas. A selection of cryptocurrencies. Learn More About The Magnusson Group.

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Appraisal Property Appraisal Technology Marketing 36

East Coast Appraisal

OCTOBER 19, 2021

If you are selling a property, you do not receive a copy of the appraisal. Your listing agent will, however, let you know if the property appraised at or above the agreed-upon price. Real estate agents and appraisers often say they are going to run the comps.

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Appraisal Process Appraisal Real Estate Agent Real Estate 52

Birmingham Appraisal

FEBRUARY 28, 2023

It is essential to be realistic about the property’s value and take into account factors such as the location, market conditions, and the physical condition of the property. Appraisers use a variety of methods to determine a property’s value, such as the sales comparison approach, the cost approach, and the income approach.

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Sellers Real Estate Appraisal Appraisal Process 86

Realtor

JUNE 29, 2020

With an appraisal waiver, however, also known as a property inspection waiver, the loan is underwritten without hiring an appraiser. Instead, the lender assesses the property. Appraisal waivers were once rare, but the coronavirus pandemic has made them more popular.

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Appraisal Technology Inspection Property Appraisal 78

Walitt Solutions

MAY 24, 2024

Is the second appraisal report a “revised appraisal report”? While we often use the term “revised appraisal report,” technically it is correctly referred to merely as an “appraisal report” USPAP does not distinguish between an “appraisal report” and a “revised appraisal report.”

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Contracts Appraisal Clients Market Value 74

D Fritz Appraisals

SEPTEMBER 19, 2019

Sometimes these online services are referred to more formally as Automated Valuation Models (AVMs), or more casually, home value calculators. In contrast, a licenced property appraisal professional looks at all of those things and more to deliver a thorough, trustworthy and confidential appraisal. add-ons or upgrades.

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Home Value Appraisal Real Estate Agent Tools 78

Appraisal Today

AUGUST 23, 2024

Excerpts: Topics: What is an appraisal review? Fact-checking vs appraisal review Types of appraisal review reports Why are appraisal reviews needed? Who requests a property appraisal review? Who can review a property appraisal? Understandable with excellent “real life” examples.

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Appraisal Contracts Investors Property Appraisal 69

McKissock

JULY 24, 2020

If there are problems that are indicated by the investigation or the appraisal review, then formal disciplinary action is warranted, and the case will go forward from there. Referred for formal hearing. If the parties do not come to a consent agreement, then the matter is referred to a formal hearing. Written by Dan Bradley.

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Appraisal Law Government Real Estate Agent 53

Walitt Solutions

SEPTEMBER 5, 2019

The issue related to a client’s request for a 1004D form: I received a request from a lender client to complete the 1004D Update Appraisal. I did the original appraisal four months ago. If you refer to it as a “new assignment”, they might assume you mean. I can complete the 1004D Update Appraisal.

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Appraisal Clients Inspection Property Appraisal 40

Chicagoland Appraisal Blog

JULY 13, 2017

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago. Let me know in the comments below.

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Appraisal Marketing Realtors Real Estate 78

McKissock

JANUARY 14, 2022

The standard appraisal report’s definition of market value refers to “typical buyers,” most of whom would become acutely aware of such odors right at the door, and when it’s significant will either walk away or discount their offering price. Free Download: Ready to launch your appraisal career?

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Appraisal Tenants Inspection Market Value 77

McKissock

SEPTEMBER 10, 2020

Business components in special purpose properties are often referred to as “intangibles.” Below, we provide an overview of intangibles and outline six special purpose property tips for appraisal reviewers. Special purpose property tips. Intangibles.

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Appraisal Valuation Real Estate Design 54

Clear Capital

FEBRUARY 23, 2024

If it is not highlighted by the lender, the appraiser should review the income and resale restrictions in the purchase contract, and notify the lender before completing the order that it is a shared equity property. The contract will also likely reference a second document, either a deed restriction or a ground lease.

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Valuation Market Value Contracts Appraisal 36

Walitt Solutions

MARCH 29, 2020

Appraisers and lenders must be aware of the different requirements in the temporary policies of FHA, USDA, VA, and Fannie Mae/ Freddie Mac: inspection types appraisal forms Map Reference field and other special text temporary Scope/ Certification language. FHA Appraisals. From the notice: “Exterior-Only Appraisal.

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Inspection Appraisal Valuation Training 53

AmeriMac

MARCH 18, 2021

An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. A home appraisal refers to a certified appraiser’s analysis of a home’s worth. Appraisers craft these reports based on several factors, including: Comparable homes in the neighborhood.

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Appraisal Property Taxes Buyers Sellers 36