Securing your practice against appraiser complaints
Maintaining professionalism at all times is the best way to avoid complaints, as detailed in the Spring 2021 BREA Bulletin.
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Tag: appraisal
Poll: How many of your clients are taking advantage of appraisal waivers?
Share your experience with other real estate professionals.
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Appraisal waivers are fueling the refinance wave
Is the rapid increase in appraisal waivers a danger sign for the market?
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Word-of-the-Week: Elements of Value
Elements of value – Numerous factors considered in the appraisal process to determine a property’s value.
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Word-of-the-Week: Appraisal
An appraisal is an individual’s opinion or estimate of a property’s value on a specific date, reduced to writing in an appraisal report.
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Spotting appraisal deficiencies
Knowing the common appraisal deficiencies can help you successfully rebut a low appraisal.
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Buying sight-unseen: the new norm in the COVID-19 era
While more difficult, homebuying and selling may still continue in the coming weeks of COVID-19 isolation.
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Rules Controlling Appraisals
Maintaining appraiser independence and neutrality
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Correlation of Values and Creation of the Appraisal Report
Reconciliation of property values and creation of a completed Uniform Residential Appraisal Report
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Three Appraisal Approaches: Income Approach
Using the income appraisal approach to set a property’s value based on its rental income.
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Estimating Replacement Cost and Depreciation Under the Cost Approach
Specific methods for estimating replacement cost and depreciation, and the three types of depreciation
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Three Appraisal Approaches: Cost Approach
Determining a property’s market value by adding the value of the lot as though vacant plus the current construction costs, less depreciation
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Three Appraisal Approaches: Market Comparison
Analyzing the selling price of comparable properties to establish the value of the subject property under the market comparison approach
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California’s appraiser population is declining rapidly
The number of licensed appraisers in California is the lowest since the BREA began recording the appraiser population in 1993.
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Defining the Appraisal Effort and Gathering Data
Six critical steps of the appraisal process
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Economic Principles in Appraisal, Part II
Fundamental economic concepts used in the appraisal of real estate, Part II.
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Economic Principles in Appraisal, Part I
Fundamental economic concepts used in the appraisal of real estate, Part I.
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An Opinion of Value
Factors considered in the appraisal process to determine a property’s value
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Appraisals and the trouble with single point valuations
Usually, the appraisal is reduced to an exact dollar amount. But how useful and accurate is that single point valuation?
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Appraisal threshold to be raised for first time in 25 years
Appraisals will not be required for one-to-four-unit residential property transactions of $400,000 and under.
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