appraisal methods - Appraisers Blogs https://appraisersblogs.com/tag/appraisal-methods/ Appraisal News and Tips for Real Estate Appraisers Tue, 07 Jan 2025 01:55:30 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 appraisal methods - Appraisers Blogs https://appraisersblogs.com/tag/appraisal-methods/ 32 32 52046035 HUD’s Use of Convicted Felons to Ramp Up ‘Discrimination Testing’ https://appraisersblogs.com/hud-mulls-use-of-convicted-felons-2-ramp-up-discrimination-testing/ https://appraisersblogs.com/hud-mulls-use-of-convicted-felons-2-ramp-up-discrimination-testing/#comments Wed, 17 Jan 2024 13:30:50 +0000 https://appraisersblogs.com/?p=30237 It wants to bootstrap released felons by allowing them to work as so-called “fair-housing testers” for the many nonprofits HUD provides grants to… If the rule is changed, the HUD-subsidized nonprofits could hire felons to ramp up sting operations against real estate brokers, leasing agents, mortgage loan officers, escrow officers, title officers, appraisers, property managers and others.  Few would argue that society doesn’t benefit when convicted felons are rehabilitated and re-integrated. But according to a frequently cited study by the Bureau of Justice Statistics, about two-thirds of released prisoners are arrested for a new crime within 3 years, and three-quarters...

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]]> https://appraisersblogs.com/hud-mulls-use-of-convicted-felons-2-ramp-up-discrimination-testing/feed/ 29 30237 Should Adjustments Actually Be Done? https://appraisersblogs.com/should-appraisers-stop-making-adjustments https://appraisersblogs.com/should-appraisers-stop-making-adjustments#comments Tue, 02 Apr 2019 12:30:20 +0000 http://appraisersblogs.com/?p=21289 How much credit should we give ourselves when it comes to making adjustments? Making adjustments is controversial. USPAP says nothing about adjustments – it does not require us to make them. They are a GSE construct. So, should we real estate appraisers stop making adjustments? Clients pay us for opinions of value, so our adjustments are really opinions based on what the market tells us (or that’s what we should base them on), but they are still opinions we form; they are not facts we find. So, maybe, should we stop making adjustments? We derive our adjustments from sources such...

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]]> https://appraisersblogs.com/should-appraisers-stop-making-adjustments/feed/ 43 21289 Human Real Estate Appraisers Unnecessary? https://appraisersblogs.com/human-real-estate-appraisers-unnecessary https://appraisersblogs.com/human-real-estate-appraisers-unnecessary#comments Sat, 27 Oct 2018 12:30:50 +0000 http://appraisersblogs.com/?p=19568 “Real estate appraisers will not exist in the future.” – Reasons Behind Matt Rider’s Projection and Why He’s Wrong Technology in real estate is advancing to a point where any user can “pull up a property’s data together” and create an appraisal. This is the main point raised by Franklin American Mortgage’s Chief Information Officer Matt Rider in his interview with National Mortgage News. He claimed that as a result, real estate appraisers wouldn’t exist in the future. See interview here. Rider’s projection seems to be based on society’s increasing dependence on Big Data and artificial intelligence (AI). According to...

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]]> https://appraisersblogs.com/human-real-estate-appraisers-unnecessary/feed/ 80 19568 The Site Value… A Walk in the Park or USPAP Nightmare? https://appraisersblogs.com/site-value-approaches-USPAP-compliant https://appraisersblogs.com/site-value-approaches-USPAP-compliant#comments Thu, 19 Jan 2017 13:30:32 +0000 http://appraisersblogs.com/?p=13067 Recognized methods to determine the site value… We have all been there, the subject is located in an established neighborhood, no vacant land sales in many years and the lender has requested the site value. USPAP Standard 1-1 states “be aware of, understand and correctly employ those recognized methods and techniques that are necessary to produce a credible appraisal.” The other key standard to keep in mind is Standard 2-2a (viii) – “Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analysis, opinions and conclusions: exclusion of the sales comparison approach, cost approach...

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]]> https://appraisersblogs.com/site-value-approaches-USPAP-compliant/feed/ 12 13067 Differences Between Neighborhood and Market Areas & Analysis https://appraisersblogs.com/appraisal/differences-between-neighborhood-and-market-areas-analysis/ https://appraisersblogs.com/appraisal/differences-between-neighborhood-and-market-areas-analysis/#comments Wed, 11 Jul 2012 12:30:33 +0000 http://appraisersblogs.com/?p=3094 Neighborhood is broad and general in nature… When examining appraisal reports, it is commonly noted that the Neighborhood section of the 1004 appraisal report contains data for sales of properties that are comparable and competing to the subject, rather than for sales of all homes of the same category (i.e., single family detached). Professional appraisal reference works, such as Appraising Residential Properties, 4th Edition (published by Appraisal Institute) address the differences between a “neighborhood” and a “market area.” Further, various Fannie Mae selling guides and announcements, and the HUD 4150.2 handbook contain guidance for appraisers regarding the analysis of neighborhood...

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