Appraisal
Appraisal Valuation Expo Convention 2019 Recap
Appraisal, Blog
April 4, 2019 |
March brought the annual Valuation Expo convention at the Palmer House in Chicago, a great opportunity to get updated on all the appraisal changes. Speakers at the Expo included representation from VA, FHA, Freddie Mac, Fannie Mae, Moody’s, CoreLogic, and many others. Here’s some of the news coming out of the convention: Comments from Freddie… Read more
USPAP Update in 4th Exposure Draft
Appraisal, Blog
March 18, 2019 |
Appraisers know that from, time-to-time, an exposure draft is initiated by the Appraisal Foundation, offering proposed changes to USPAP for public comments. And they also know that these are often mundane proposals, specific to one discipline of appraisal, or tweaks to definitions. What is different this time is that the Appraisal Foundation has issued a… Read more
Real Estate Agent and Appraisers – Why Can’t We Be Friends?
Appraisal, Blog
March 7, 2019 |
There’s chatter online these days concerning the “rotten appraiser” who “killed my last deal”. Those agents will make sure appraisers never get assigned another appraisal for their sales. Are agents and appraisers really destined to be adversaries? Let’s take a look at a typical transaction: As the listing agent, your first contact with the appraiser… Read more
A New Threat To Residential Appraisals
Appraisal, Blog
January 30, 2019 |
Here we go again! The latest push to weaken the protections that appraisals provide to consumers applying for mortgage loans. The Office of the Comptroller of the Currency has approved a notice that would raise the threshold for residential real estate transactions requiring an appraisal to $400,000. Prior to this proposed change, the threshold was… Read more
Demystifying Variable Square Footage
Appraisal, Blog
January 18, 2019 |
One only needs to spend a few minutes browsing listings online to recognize wide variations in how square footages of property are listed. Some square footage listings match the County Auditor’s records and others grossly exceed that number by lumping together all living spaces in a property. A property with higher square footage may be… Read more
5 Trends Every Appraiser Should Watch for in 2019
Appraisal, Blog
January 2, 2019 |
To be ahead of the real estate market, seasoned appraisers cannot afford to become stagnant regarding the current trends. They must get out in front of them if possible to maintain that advantage edge. In this article, we’ll discuss several trends that are prone to have an impact on the appraising industry. By the end… Read more
Four Ways a Plumber Can Help Determine if a Home is Worth Flipping
Appraisal, Blog, Home Inspection
December 19, 2018 |
Flipping a house can be a great way to make a lot of money within a fairly short period of time. In order for a house flip to be as lucrative as it can be, there needs to be a minimal investment in the remodeling that needs to happen. A great way to ensure that… Read more
What Are Desktop and Hybrid Appraisal Products?
Appraisal, Blog
December 6, 2018 |
What happens when a client requests for “alternative appraisal products”? They may call it a desktop appraisal, an evaluation, a value-check, or any one of a myriad of catchy titles. In a residential appraiser’s world of churning out URAR forms every day, this could be new territory. What is needed in a “desktop” or a… Read more
NAR REALTORS Conference & Expo 2018 Recap
Appraisal, Blog
November 28, 2018 |
The annual National Association of Realtors’ Conference & Expo took place in Boston, and gave new insights I couldn’t have found anywhere else! In past years, after attending this conference in New Orleans, San Diego, Orlando, and Chicago I am certain that this convention is vital to get the most current information on real estate… Read more
Clients for Life: Staying Top-of-Mind with an Intentional Plan
Appraisal, Blog
November 14, 2018 |
You’re driving down the road and there it is – a competitor’s sign in your client’s yard. You’re incredulous! Didn’t you work night and day to find them that home? Why aren’t they loyal to you? How could this happen? The problem is, you’re not top-of-mind. Your name does not pop into their heads when… Read more
What to Watch for When Appraising a Smart Home
Appraisal, Blog
November 1, 2018 |
As an appraiser, your job includes many aspects. But what happens when you’re appraising a smart home? How valuable are smart homes when it comes to appraising? Is smart technology something you can make an adjustment for? Discover the process for appraising a smart home and what to watch for. What Constitutes a Smart Home?… Read more
