Rachel Massey - Certified Residential RE Appraiser

Who Are You Going to Call?

Rachel Massey, SRA — Mon, 22 Oct 2018 12:30:11 +0000

Is a real estate agent the right individual to state what adds value on a home appraisal? …Ghost Busters! (no, actually an appraiser) Social media can be rife with misinformation, even when the information presented is well intentioned, but of a national scope. National studies are not local studies, and blanket statements presented as fact are potentially misleading. Real estate agents are professionals who are involved in selling houses on a daily basis and know their markets — as well as what drives interest with the buyers and sellers they are working with. Their job is difficult; often rewarding, and...

Uncovering Flaws in FHA Appraisal & Loan Review Process The story of this single mother's harrowing experience with a defective home purchase and HUD's negligent oversight exposes deep flaws…
Appraiser Independence: What Does it Mean & Who Does… Why It Matters Appraiser independence is mandated by state and federal laws - not a professional courtesy. Every agent, broker,…
The Real Cause of the Home Value Gap Is the Income Gap Blaming appraisers for the income gap will never solve the real underlying problem... Blaming appraisers for the income gap is…

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Bye-bye 1004MC, Hello Analysis

Rachel Massey, SRA — Fri, 17 Aug 2018 12:30:34 +0000

On July 31, 2018, at the Appraisal Institute Annual Conference, Fannie Mae announced the end of the 1004MC. News quickly spread among the appraisal blogosphere, and on August 7, 2018, the new Selling Guide showed that the 1004MC was no longer required. Rejoicing was heard throughout the land. Although the 1004MC is no longer required by Fannie Mae, the appraiser still needs to support their opinion of market trends, supply and demand, and marketing time. The exact verbiage found in the 8/7/18 updated Selling Guide is: The appraiser’s analysis of a property must take into consideration all factors that affect...

Fannie Mae Filed a Complaint Against Me An appraiser shared the following with us which was posted on one of the appraisers’ groups. Fannie Mae filed a…
Is the GSE's "Appraisal Modernization" Really Just… Mass Appraisal tend to exhibit a regressive nature... In the intricate landscape of real estate mortgage financing, the notion of…
The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…

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Paint a Picture with Words

Rachel Massey, SRA — Mon, 02 Jul 2018 12:30:50 +0000

The reconciliation is precisely the place we want to avoid any boilerplate… A common complaint among couples is a lack of communication. “He should have known I wanted that bracelet for my birthday” “She should have known I wanted to have sushi for dinner” “She should be more considerate of my feelings”, etc. How are we supposed to know these things? Are we mind-readers? It would be much easier if we would somehow communicate our wishes with our partners, without having to come right out and say something, but at the same time, it takes away from the spontaneity of...

I Am Not "JUST" a Residential Appraiser I am not "JUST" a residential appraiser! There is no doubt that moving to obtaining a certified general appraisal license…
Fannie Mae Filed a Complaint Against Me An appraiser shared the following with us which was posted on one of the appraisers’ groups. Fannie Mae filed a…
The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…

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I Am Not “JUST” a Residential Appraiser

Rachel Massey, SRA — Thu, 22 Feb 2018 13:35:40 +0000

I am not “JUST” a residential appraiser! There is no doubt that moving to obtaining a certified general appraisal license opens doors to varied and interesting work. If it is in one’s capacity to obtain this level, it is a great idea. That said, the idea of being “just” a residential appraiser has got to stop. A good professional residential appraiser who studies the market, knows how to analyze and solve a problem, and can communicate effectively and succinctly, is a very valuable appraiser at that! As professional residential appraisers, we constantly work at honing skills. We work at becoming...

Seeing the Forest Through the Trees Focusing on individual adjustments to the detriment of the bigger picture... Growing up, my parents used to refer to my…
USPAP’s Typical Buyer Standard in the Fair Housing Era The Irreconcilable Conflict Between USPAP's Typical Buyer Standard and the Current Fair Housing Compliance Regime. Retain this document as a…
When ‘Protected’ Becomes Pressure: You Have Until… The new fair‑housing course weaponizes protected characteristics to pressure appraisers into outcome‑driven valuation, directly contradicting USPAP’s prohibition on advocacy. The…

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Seeing the Forest Through the Trees

Rachel Massey, SRA — Mon, 21 Nov 2016 13:30:02 +0000

Focusing on individual adjustments to the detriment of the bigger picture… Growing up, my parents used to refer to my inability to see the forest through the trees. This simply meant not being able to see the bigger picture because focus was so narrow that I only saw what was right in front of my eyes. Fortunately, I am older now, and (usually) better at seeing the bigger picture. I suspect this is a common phenomenon in all walks of life, and particularly in our work. This can happen in many aspects of the appraisal puzzle. One of the most...

Adjustment Values, Frequency & Dollar Amount Ever wondered what other appraisers are doing with adjustment values? Appraisers, Have you ever wondered what other appraisers are doing…
GLA Adjustments & Pizza Slices – They Do Correlate! Determining the GLA Adjustment in Appraisal Reports I promised in a previous post I’d send out my method for determining…
Bugged About Adjustments Illogical line item adjustments... Appraisers, I’ve recently ‘come in contact with’, in a semi-official capacity, a recently completed appraisal report.…

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Rachel Massey - Certified Residential RE Appraiser

Who Are You Going to Call?

Related Posts:

Bye-bye 1004MC, Hello Analysis

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Paint a Picture with Words

Related Posts:

I Am Not “JUST” a Residential Appraiser

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Seeing the Forest Through the Trees

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