McKissock

Avatar

The One Thing That’s Most Often Overlooked by Appraisers

We recently asked our appraisal community, “What’s the ONE thing that is most often overlooked by appraisers?” We received a wide variety of answers ranging from big-picture oversights to specific details. The most common answer we received was “Highest and Best Use.” However, many real estate appraisers had other opinions regarding the most commonly overlooked item in an appraisal. Read …

Read More »

10 Awesome Appraisal Checklists (Free for Members)

Here at McKissock, our Unlimited Learning Members enjoy 24/7 access to a wide array of online resources for real estate appraisers. These include appraisal checklists, classes, videos, whitepapers, recorded webinars, and more. Below are ten awesome checklists available right now in our membership toolkit. If you already have an Unlimited Learning Membership, you can access all of these appraisal checklists …

Read More »

Functional Obsolescence Examples: How to Account for a Superadequacy

An overbuilt improvement or superadequacy (a type of functional obsolescence) is more probable in a luxury home than a standard home. As a luxury home becomes more unique, the costs will typically increase, which in turn shrinks the pool of available buyers and increases the likelihood of a superadequacy. Below, we break down some important information for luxury real estate …

Read More »

7 Best Time-Saving Hacks for Real Estate Appraisers

If you operate as an independent real estate appraiser, you know that time is money. Are you looking for new ways to increase your efficiency as a property appraiser? To help you out, we asked our Facebook community, “What are the best time-saving hacks for appraisers?” Check out the following tricks contributed by real-life appraisers. 1. Anow software Anow’s appraisal …

Read More »

Predatory Lending and the Role of the Appraiser

Over a decade after the 2008 financial crisis, the prevalence of predatory lenders continues to plague the U.S. marketplace. Generally speaking, appraisers are not predatory. They do not create predatory lending and fraud schemes. And in the vast majority of cases, they do not share in the profits of those who do. However, appraisers do play a role in predatory …

Read More »

5 Appraisal Assignments that Raise Your Liability Risk

As a professional real estate appraiser, it is simply not possible to eliminate liability entirely. Rather, the goal is to manage your liability. You can start by being aware of the level of risk involved in different types of appraisals. Some assignments come with higher liability risk than others—whether due to the type of client, the intended users, the number …

Read More »

4 Common Pitfalls in Appraising Proposed New Luxury Homes

Luxury home appraisal is a niche that’s both exciting and challenging. If you’re thinking about specializing in this area of real estate appraisal, you may want to educate yourself on the specific challenges you’ll face so that you can avoid making common errors. In particular, you may run into some difficulties when appraising proposed new luxury homes. Here are some …

Read More »

These Fictional Luxury Homes Would Be Really Fun to Appraise

If you’re a real estate appraiser looking for an exciting new challenge, luxury home appraisal is a desirable niche to consider breaking into. Just for fun, we recently asked our appraisal community, “Which fictional luxury home would you want to appraise?” Answer choices ranged from Tony Stark’s ultra-modern Malibu mansion from the Iron Man movies to the English Jacobean manor …

Read More »