luxury appraisals

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 »

4 Key Luxury Home Trends to Watch in 2020

The luxury segment of real estate is often described as being a minor part of the whole industry, but is readily recognized as being a major influencer in creating real estate trends and providing a barometer to changes for the industry. According to the North American Luxury Market Report by the Institute for Luxury Home Marketing, here are some of …

Read More »

Bidding Wars, Appraisal Waivers, and Other Appraisal News

Housing competition edged up slightly in September, with bidding wars heating up across the nation. Rumors are circulating about a possible end to GSE appraisal waivers. The new USPAP publication for 2020-21 is now available, and it has some cool new features. Plus, have you considered specializing in luxury appraisals? Read on for the latest in appraisal news. Read: Bidding …

Read More »

The Future of Luxury Condos: 6 Trend-Setting Developments

Today’s luxury homebuyers are downsizing, prioritizing quality over space. Many are seeking luxury condos in great locations with eco-friendly features and top-of-the-line lifestyle amenities. Luxury condominium developers are recognizing the importance of including ‘wellness’ amenities and providing a luxury experience for their residents. New luxury condos are popping up all over the place—not just in the existing hot markets, such …

Read More »

Why Luxury Homebuyers Are Downsizing

It seems only a few short years ago that demand for large properties, mega-mansions, private estates, and luxury ranches were all the fashion. But the younger generation, especially Millennial millionaires, are shying away. Here, we look at the changing face of the luxury home market and explore why today’s luxury homebuyers are choosing to downsize. It’s not about the price …

Read More »