Tuesday , 28 January 2020

Tag Archives: newsletter

Appraisal Etiquette – Dotting I’s & Crossing T’s

For an appraiser, the report is the product. It is the culmination of your experience, expertise, and skills, coalescing in a multi-page work of art and science. The appraisal report, and all that goes into developing it, after all, is what your client pays for. Moreover, untold numbers of people who have the ability to affect your career and practice …

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Appraisal Creep – An Interview with John Wake

Appraisal values should not be influenced by the price of the listing, but could a bias exist that proves otherwise? “Does the typical appraisal protect you from overpaying for a house?” asks John Wake in his article, The Hidden Reason Why House Prices Are Too High (And Income Growth Is Too Low) — Appraisal Creep. We sat down for an …

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Business Resolutions for the New Year

Everyone knows the classic New Year’s Resolutions – exercising, healthier eating habits, and saving more money. What about the New Year’s resolutions for your business? This is the perfect time for business owners and those who are self-employed to pause and reflect on this past year. What worked for the company? What should be changed? What is the overarching goal …

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The Ghosts of Mortgages Past

I am haunted by the mortgage crisis. It is estimated that 10 million people lost their homes during this period. I wouldn’t fret so much if I didn’t hear tone deaf folks at high levels within the mortgage system proclaim with gusto that “this time is different.” I willfully accept that no, we don’t have exploding ARM products. You don’t …

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What You Need to Know for Divorce Appraisals

Divorces are not easy for anyone involved within the process. Conflict seems to be present at every step of the way. Completing a divorce appraisal is a different experience than completing a normal appraisal – so what should you know before getting started? We sat down with Craig Capilla, trial lawyer with the Franklin Law Group, to further discuss what …

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Economic Forecast of 2020

2020 is just around the corner – economic forecasts have been predicting everything regarding market trends, housing data, and the behavior of the generations that influence them. Different sources report vastly different conclusions, so who do you trust? For an economic forecast on new constructions, we got our trusted source at the National Association of Home Builders (NAHB). We sat …

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An Appraiser’s Full Circle

A couple of years ago, I asked my brother who had just closed his business, “How do you know when you are done and it’s time to retire?” He answered, “When it is time, you will know.” There are considerations: health, finances, what to do, and the passion you still have for appraising. I’m turning 70 in a few months …

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A Perspective on AVMs

“Metrics Matter” is an article written by Doug Gordon, former Director Collateral Valuation and Risk Management at Freddie Mac. Mr. Gordon led the Home Valuation Explorer (HVE) team, one of the most robust and tenured automated valuation models (AVMs) in the market. Paraphrasing his research and paper, he argues that lenders must understand the Forecast Standard Deviation (FSD) of the …

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