Fair Market Value - Appraisers Blogs https://appraisersblogs.com/tag/fair-market-value/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 21:03:41 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Fair Market Value - Appraisers Blogs https://appraisersblogs.com/tag/fair-market-value/ 32 32 52046035 Why Hire an Eminent Domain Attorney? https://appraisersblogs.com/how-can-an-eminent-domain-attorney-help-you https://appraisersblogs.com/how-can-an-eminent-domain-attorney-help-you#comments Fri, 09 Sep 2022 12:30:24 +0000 https://appraisersblogs.com/?p=27708 Taking private property for public use is one of the most powerful government actions under the constitution. The exercise of this power is commonly known as condemnation. The power itself is referred to as the eminent domain power. Eminent domain can occur at the federal, state, and local levels of government. If you are notified that your home, land, or property will be condemned for a public use, you will likely have many questions that need answers.  That is when you may wish to consult with an eminent domain attorney; someone who is experienced in eminent domain law and can...

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]]> https://appraisersblogs.com/how-can-an-eminent-domain-attorney-help-you/feed/ 3 27708 Eminent Domain Attorney Review https://appraisersblogs.com/how-does-an-eminent-domain-attorney-critique-n-review-an-appraisal-upon-which-his-clients-just-compensation-is-based https://appraisersblogs.com/how-does-an-eminent-domain-attorney-critique-n-review-an-appraisal-upon-which-his-clients-just-compensation-is-based#comments Wed, 06 Jul 2022 12:30:15 +0000 https://appraisersblogs.com/?p=27332 How Does an Eminent Domain Attorney Critique and Review An Appraisal Upon Which His Client’s Just Compensation Is Based? Attorneys representing property owners and appraisers responsible for documenting the value of the property being taken often work together in an eminent domain case. The appraiser develops an independent opinion of value for the property through an appraisal, and the attorney ensures that the appraisal is sufficient to support a just compensation determination in what is essentially a legal proceeding. The stakes can be high when a client’s valuation conclusion rests on a weak or improper appraisal. If the property owner’s...

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]]> https://appraisersblogs.com/how-does-an-eminent-domain-attorney-critique-n-review-an-appraisal-upon-which-his-clients-just-compensation-is-based/feed/ 1 27332 IRS & USPAP https://appraisersblogs.com/IRS-USPAP-verbiage-4-charitable-contribution https://appraisersblogs.com/IRS-USPAP-verbiage-4-charitable-contribution#respond Mon, 13 Aug 2018 12:30:43 +0000 https://appraisersblogs.com/?p=18886 Treasury Department & IRS BOTH officially adopted USPAP back in 2009… except when they don’t want to follow it… The Appraisal Foundation is once again misinterpreting the very regulations they purport to be reporting and telling consumers to be sure to follow. As a matter of fact by substituting their own verbiage for what Treasury Regulations and IRS (Final Rule) policies actually say, they could be causing extreme harm to untold numbers taxpayers. The following article includes a link that MUST be read to understand all the nuances, and which should be used as the final determinant of what is...

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]]> https://appraisersblogs.com/IRS-USPAP-verbiage-4-charitable-contribution/feed/ 0 18886 TAF Has Lost Its Way https://appraisersblogs.com/TAF-foremost-authority-way-off https://appraisersblogs.com/TAF-foremost-authority-way-off#comments Thu, 22 Mar 2018 12:30:21 +0000 https://appraisersblogs.com/?p=17459 How can TAF claim to be any kind of authority, let alone "THE foremost authority" for any of the other disciplines? I personally like and respect the individuals I’ve met from TAF. My strenuous disagreement with TAF are the policies and actions. Not the individuals. The opening or introductory remarks on The Appraisal Foundation’s web page state: The Appraisal Foundation (Foundation) is the nation’s foremost authority on the valuation profession [emphasis added]. The organization sets the Congressionally-authorized standards and qualifications for real estate appraisers and provides voluntary guidance on recognized valuation methods and techniques for all valuation professionals. This work advances...

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]]> https://appraisersblogs.com/TAF-foremost-authority-way-off/feed/ 4 17459 What IS a “ClearVal Appraisal”? https://appraisersblogs.com/clearval-value-hybrid-appraisal https://appraisersblogs.com/clearval-value-hybrid-appraisal#comments Wed, 31 Jan 2018 13:30:00 +0000 https://appraisersblogs.com/?p=16340 Clear Capital ClearVal… Value Not So ClearCut… I’ve finally had an opportunity to read a hybrid ‘appraisal’ start to finish. All may read the unedited, non-redacted version in all its glory… or infamy, as the case may be. Please click here (report also embedded below) and read it first. I’ll wait right here. Finished? Great. One thing is clear. It is not an appraisal by any current accepted definition that I am familiar with. Ironically, there is also very little that is clear as far as support for the opined values is concerned. (I’m old fashioned and think it should...

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]]> https://appraisersblogs.com/clearval-value-hybrid-appraisal/feed/ 162 16340 The RPR® Epidemic – Online Valuations vs Trained Appraisers https://appraisersblogs.com/online-valuations-vs-trained-appraiser https://appraisersblogs.com/online-valuations-vs-trained-appraiser#comments Mon, 24 Oct 2016 12:30:28 +0000 https://appraisersblogs.com/?p=12758 Consumer protection goes right out the door as consumers learn to trust these online valuations over a local, highly trained appraiser. Realtor Property Resource® is a private automated system just for Realtor® members. They are making great strides in promoting this service, and more and more agents are using this system to create their CMAs to present to owners. I recently reviewed a report provided by the listing agent which included sixty-nine pages of every imaginable piece of information. To an owner, this must look very impressive. However, to anyone who understands what a “Comparable” sale is, this report was...

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]]> https://appraisersblogs.com/online-valuations-vs-trained-appraiser/feed/ 11 12758 Can You Do a Particular Assignment per USPAP?? https://appraisersblogs.com/uspap-permitted-assignments https://appraisersblogs.com/uspap-permitted-assignments#comments Wed, 20 Apr 2016 12:30:48 +0000 https://appraisersblogs.com/?p=11788 Yes, I can Accept That Assignment! Types of assignments… Folks, The Appraisal Foundation, via John Brenan, has released the following, showing which portions of USPAP apply to particular assignments. This involves the applicable Standards and Rules. You may want to print the PDF posted below and keep it under your pillow, or at least with your copy of USPAP! Yes, I can Accept That Assignment! USPAP Flexibility at a Glance Some appraisers may not be aware of the inherent flexibility built into the Uniform Standards of Professional Appraisal Practice (USPAP). Because USPAP is a set of standards that is built...

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]]> https://appraisersblogs.com/uspap-permitted-assignments/feed/ 2 11788 Market Value in the Age of Big Data Infallibility https://appraisersblogs.com/market-value-age-big-data-infallibility https://appraisersblogs.com/market-value-age-big-data-infallibility#comments Tue, 16 Feb 2016 13:30:09 +0000 https://appraisersblogs.com/?p=10809 “Practically” unsinkable! This isn’t a topic I generally spend a lot of time on. Partly because I am ‘uneducated’ (sans college degree) and partly because it bores people to death. Despite this I ask you to bear with me. It all started while I was listening to my favorite local radio stock market gurus on the way to wash my car. An expert from the firm of Dewey Fleecem & Howe (DF&H), or some such firm, was explaining the current stock market instability in a historical context. Since our inception as a nation, DF&H reports that we have had 45...

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]]> https://appraisersblogs.com/market-value-age-big-data-infallibility/feed/ 9 10809 Mortgage Lending a Lot Like Musical Chairs https://appraisersblogs.com/appraisal/deja-vuall-over-again/ https://appraisersblogs.com/appraisal/deja-vuall-over-again/#comments Tue, 24 Feb 2015 13:30:47 +0000 https://appraisersblogs.com/?p=7022 Mortgage Lending – Déjà Vu…All Over Again Philosopher George Santayana once said, “Those who cannot remember the past are condemned to repeat it”. In light of recent actions in the mortgage lending industry, we all may be able to experience the thrill ride of 2007-2009 all over again…soon. You may wonder what actions I am referring to so let me share a brief list of what I will call the top ten contributing factors to the downturn I see happening by July of 2017. By 2017 it will have been 10 years since the start of the last collapse in the...

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]]> https://appraisersblogs.com/appraisal/deja-vuall-over-again/feed/ 5 7022 Mortgage Takings: The Next Appraisal Frontier or Liability? https://appraisersblogs.com/appraisal/mortgage-takings-the-next-appraisal-frontier-or-liability/ https://appraisersblogs.com/appraisal/mortgage-takings-the-next-appraisal-frontier-or-liability/#comments Fri, 20 Sep 2013 12:30:30 +0000 https://appraisersblogs.com/?p=5110 According to the Appraisal Institute’s recently published 2013 Real Estate Appraisal Outlook, U.S. appraisers anticipate that litigation valuation/forensic appraisals will be one of the top five areas of growth in the next one to two years in both commercial and residential appraisal.  Indeed, approximately 33% of surveyed commercial appraisers anticipate more demand from law firms and lawyers in the near future, with 24% of those surveyed expecting an increase in valuation consultation and studies in support of litigation.  The appraisers’ prediction may be spot on the money as at least one U.S. municipality has begun to implement a plan to...

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]]> https://appraisersblogs.com/appraisal/mortgage-takings-the-next-appraisal-frontier-or-liability/feed/ 5 5110 2075 FNMA Form a Ticking Time Bomb? https://appraisersblogs.com/appraisal/is-fannie-mae-form-2075-a-ticking-bomb-for-appraisers/ https://appraisersblogs.com/appraisal/is-fannie-mae-form-2075-a-ticking-bomb-for-appraisers/#comments Fri, 19 Apr 2013 13:00:07 +0000 https://appraisersblogs.com/?p=4476 Is Fannie Mae Form 2075 a ticking time bomb for Appraiser? Fannie Mae Form 2075 (aka the “Desktop Underwriter Property Inspection Report”) seems innocuous enough when you pick it up and look at it. After all, it’s only a single page with just one-half page of instructions. It allegedly applies only to low risk loans and the form has been around and in use for a long time. The instructions even clearly state it “is not an appraisal report”. The instructions go on to say this report may be used without an estimate of fair market value of the property...

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]]> https://appraisersblogs.com/appraisal/is-fannie-mae-form-2075-a-ticking-bomb-for-appraisers/feed/ 1 4476 West Virginia Riskiest State for Appraisers https://appraisersblogs.com/appraisal/class-action-nightmare-for-an-amc-and-its-panel-appraisers-in-west-virginia/ https://appraisersblogs.com/appraisal/class-action-nightmare-for-an-amc-and-its-panel-appraisers-in-west-virginia/#comments Mon, 13 Aug 2012 12:30:30 +0000 https://appraisersblogs.com/?p=3249 West Virginia has been among the riskiest states in which to be a residential appraiser for several years. It's my educated guess that a residential appraiser is more likely to be sued in West Virginia than in any other state. A plaintiffs' law firm has elevated that level of risk to a nightmare for one particular AMC and its panel appraisers in West Virginia who performed appraisals for certain loans by the AMC's primary client.

At the end of June, the law firm filed an alleged class action on behalf of residential borrowers residing in West Virginia against Title Source, Inc., which operates TSI Appraisal; Quicken Loans, which is the AMC's corporate affiliate and primary client; two of the AMC's panel appraisers; and all other appraisers

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]]> https://appraisersblogs.com/appraisal/class-action-nightmare-for-an-amc-and-its-panel-appraisers-in-west-virginia/feed/ 2 3249 Sentencing Guidelines Proposal https://appraisersblogs.com/appraisal/appraisal-institute-advises-us-sentencing-commission-to-require-appraisals/ https://appraisersblogs.com/appraisal/appraisal-institute-advises-us-sentencing-commission-to-require-appraisals/#comments Thu, 15 Mar 2012 12:00:00 +0000 https://appraisersblogs.com/?p=2509 Proposed Amendments to the Sentencing Guidelines Speaking at a March 14 hearing in Washington, D.C., the Appraisal Institute urged a federal judicial agency to require the use of real estate appraisals when calculating loss in mortgage fraud cases. In prepared written testimony, Appraisal Institute President Sara W. Stephens, MAI, told the U.S. Sentencing Commission, “We believe the Commission should adopt a special rule for determining the fair market value of real property if the mortgaged property has not been disposed of by the time of the sentencing. However, this rule should require use of real estate appraisals prepared by qualified...

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