additions - Appraisers Blogs https://appraisersblogs.com/tag/additions/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 04:00:47 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 additions - Appraisers Blogs https://appraisersblogs.com/tag/additions/ 32 32 52046035 The Real Cause of the Home Value Gap Is the Income Gap https://appraisersblogs.com/the-real-cause-of-the-home-value-gap-is-the-income-gap https://appraisersblogs.com/the-real-cause-of-the-home-value-gap-is-the-income-gap#comments Mon, 13 Feb 2023 13:30:46 +0000 https://appraisersblogs.com/?p=28636 Blaming appraisers for the income gap will never solve the real underlying problem… Blaming appraisers for the income gap is as ridiculous as blaming appraisers for gun violence and gas prices. I watched the January 24, 2023 ASC Appraisal Bias hearing. Comments were requested after the hearing. This letter is my comment. I’ve been a real estate appraiser in Los Angeles, California for 40 years. I’ve been a licensed California Certified Residential Appraiser since licenses were first offered in 1993/1994. I’m a Latino woman who speaks English and Spanish. I appraise property in the diverse county of Los Angeles and...

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]]> https://appraisersblogs.com/the-real-cause-of-the-home-value-gap-is-the-income-gap/feed/ 77 28636 Appraisal Report Corrections Protocol https://appraisersblogs.com/appraisal-report-corrections-protocol https://appraisersblogs.com/appraisal-report-corrections-protocol#comments Mon, 22 Jun 2020 12:30:20 +0000 https://appraisersblogs.com/?p=24062 For some time, appraisers have written or called me, asking about how to do report corrections, or respond to client requests – after an original report has been sent in. I decided to distribute these suggestions to encourage a uniform procedure across the appraiser universe. I don’t recall ever seeing anything published about this topic. Disclose, don’t bury – modifications, corrections or responses to the original report, or even subsequent changes. I have seen too many reports where the appraiser hides changes within the body of the report as if those were part of the original, when in fact they...

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]]> https://appraisersblogs.com/appraisal-report-corrections-protocol/feed/ 27 24062 Closed for Business, Sorry Folks! https://appraisersblogs.com/appraisal-management-company-fiasco https://appraisersblogs.com/appraisal-management-company-fiasco#comments Fri, 14 Dec 2018 13:30:57 +0000 https://appraisersblogs.com/?p=20415 For those who are not familiar with what an AMC is, it is short for Appraisal Management Company. They are not new, but since the adoption of the Home Valuation Code of Conduct, the number and the frequency of their use have increased. They are the order manager for the lender and ensure appraiser independence. If you have not already read “What’s Not in Your Wallet” or “Round and Round!”, go get a little more familiar before reading this. AMCs manage appraisal orders. They find the appraisers to give the orders to, and are supposed to provide quality control reviews...

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]]> https://appraisersblogs.com/appraisal-management-company-fiasco/feed/ 62 20415 Seeing the Forest Through the Trees https://appraisersblogs.com/individual-adjustments-appraised-value https://appraisersblogs.com/individual-adjustments-appraised-value#comments Mon, 21 Nov 2016 13:30:02 +0000 https://appraisersblogs.com/?p=12884 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...

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]]> https://appraisersblogs.com/individual-adjustments-appraised-value/feed/ 10 12884 Appraiser’s Response to LRES Order Blast https://appraisersblogs.com/appraiser-response-lres-order-blast https://appraisersblogs.com/appraiser-response-lres-order-blast#comments Mon, 25 Jul 2016 12:30:17 +0000 https://appraisersblogs.com/?p=12213 LRES Standard Interior Appraisal Request? Your special requirements and micromanagement of the appraisal process dictate that I charge a fee commensurate with the additional, but typically unnecessary work needed to produce credible results. You are the potential client (agent), so that that is your prerogative and it would be my pleasure to accommodate you as long as appropriate compensation is provided. Respectfully, there is little about your appraisal request that is “standard”. Please explain briefly what you consider to be a ‘standard interior appraisal’. That definition does not appear in The Appraisal Institute’s Dictionary of Real Estate Appraisal. To be...

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]]> https://appraisersblogs.com/appraiser-response-lres-order-blast/feed/ 80 12213 Non-permitted Additions https://appraisersblogs.com/appraisal/non-permitted-additions/ https://appraisersblogs.com/appraisal/non-permitted-additions/#comments Wed, 05 Sep 2012 12:30:00 +0000 https://appraisersblogs.com/?p=3345 “What is the big #$%^&*@! deal with non-permitted additions?” The last few weeks I have noted a common theme in my conversations with appraisers across the nation. This topic seems relatively simple and yet since I have encountered endless questions I thought this post may add something to overall community. The question boils down to “What is the big #$%^&*@! deal with non-permitted additions?”, for residential lending purposes. Of course this stems from the fact that many residential lenders are pushing back appraisals that have given value consideration to an addition which was non-permitted at the time of construction. This...

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