Wednesday , 20 January 2021

Features

Most Common Errors and Requests For Appraisal Revisions

Over the years, as the Chief Appraiser for a national Appraisal Management Company (AMC), my team has seen many unique appraisal assignments and experienced many interesting requests for revisions. Of course, we’ve seen our fair share of requests to provide an additional supporting comp or two, or to address how the subject’s opinion of value that is over/under the indicated …

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Importance of Discussing Comparables with Real Estate Agents

This article was originally published HERE. For more articles from Bryan Lynch, you can visit advantageappraisalsca.com. When reviewing potential comparables during the research for an appraisal, we are fortunate to have many tools at our disposal. Not only does the MLS provide photos and detailed comments about a property, but we have third-party resources like Google Earth to help us gain an …

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5 Worst Appraiser Halloween Costumes

Halloween is tomorrow and being an appraiser allows you the freedom to control your own schedule and dress code. We know many of you like to get into the Halloween spirit so if you are coming up with a costume idea here is a list of costumes you should avoid when you show up to the homeowner’s door. 5. ED …

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Speed bumps, neighbors, & real estate logic

This article was originally published HERE. For more articles from Ryan Lundquist, you can visit sacramentoappraisalblog.com. Are speed bumps a big deal for value? That’s what a friend asked me, and since she gave me permission to share her situation with a neighbor, I hoped we could chat. If someone asked you, how would you respond? The situation: My friend said, …

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Crazy Appraiser Stories

Here’s your chance to share with your fellow appraisers your crazy stories of your experiences out in the field such as bizarre architecture, interesting interactions with the borrower/agent, and crazy pet stories. As appraisers, we see it all and we all need a good laugh. To give you some ideas, here are a few stories from the Fall 2017 edition …

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Appraisal Forms and the Model T

It took me a little while, but I finally organized all of my scribbled notes from this year’s Valuation Expo conference in Las Vegas. One of the themes that I observed was how well (or poorly) residential appraisers were doing regarding their part of the risk mitigation puzzle. There was quite a bit of discussion regarding (or inferences to) psychological …

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Tell a Value Story: Analysis of Prior Sales History

I see hundreds of appraisals every week. Because of this, I see common threads in how appraisals are completed which are not developed using proper appraisal process and/or not USPAP compliant. Many of these issues are due to improper training or lack of knowledge. Part of the problem is that appraisers typically get trained by one supervisor who may or …

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Risky Business

Peter Christensen is a frequent speaker at Valuation Expo and Collateral Risk Network compliance events. He is an attorney and serves as the general counsel of LIA Administrators & Insurance Services (www.liability.com). Buzz: Peter, you work on the “bleeding edge” of legal issues affecting the appraisal business community. What trends are you seeing? With respect to appraisal liability claims, the …

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