Category: Snippets

Alternatives to Evaluations: Using Restricted Appraisal Reports in Your Practice 1

Alternatives to Evaluations

Learn how to use Restricted Appraisal Reports as an alternative to evaluations. Restricted Appraisal Reports: Are a USPAP-compliant alternative to evaluations Permit state licensed and certified appraisers to comply with state laws  Allow clients to receive abbreviated reports Maggie Hambleton, Chair of the ASB and John Brenan, Director of Appraisal Issues, discuss the use of Restricted Appraisal Reports (Residential and Non-Residential). Click here to download the PDF presentation.

Appraisal fees ugly truth 0

The Ugly Truth About Appraisal Fees

Look, I’m not a complainer and I am a total optimist, but this is not okay on so many levels. I had a bad experience with an AMC recently and I want to share it. This is not because I’m wanting to rant or be negative, but only to highlight some of the ugliness that happens behind closed doors when it comes to appraisal fees during loans… I was asked to appraise something challenging, so I quoted a fee that was higher than a standard fee in Sacramento but still reasonable for the job because the house was funky. Anyway,...

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How accurate is Zillow “Zestimate”?

Have you ever wondered how accurate the Zillow “Zestimate” really is? In this video, Tom Horn explains how to determine the accuracy of Zillow in an area. Zillow has gone back in time to compare their historic Zestimate with what the property actually sold for. They claim that their “estimated market value” is not an appraisal, but in reality an estimate of market value is an appraisal, but it’s one that cannot be used by a bank and one that you may want to think twice about before using to determine a sales price for your home. They provide a...

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