POLL: How often are your deals when contingent on new financing killed by low appraisals?
This week’s poll inquires upon readers’ thoughts on low appraisal impact on deals entangled with new financing.
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Tag: appraisal
Fannie Mae and Freddie Mac to launch remote desktop appraisals in 2022
After a successful test run triggered by the pandemic, Fannie Mae and Freddie Mac will soon be permanently accepting remote desktop appraisals on eligible transactions.
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When may an appraiser trainee inspect independently?
The law is not clear cut, but the Bureau of Real Estate Appraisers (BREA) clarified the answer in their Fall-Winter 2021 newsletter.
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New California law tackles bias in real estate appraisals
New law passed in California with additional requirements for continuing education.
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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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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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