Marketing Time - Appraisers Blogs https://appraisersblogs.com/tag/marketing-time/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 20:28:54 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Marketing Time - Appraisers Blogs https://appraisersblogs.com/tag/marketing-time/ 32 32 52046035 Is Race Baked into Big Data? https://appraisersblogs.com/race-baked-into-unregulated-big-data https://appraisersblogs.com/race-baked-into-unregulated-big-data#comments Mon, 01 Jul 2019 12:30:11 +0000 https://appraisersblogs.com/?p=22268 Chicago appraiser and friend (even though she calls me “fancy pants”) writes a stellar explanation of what an appraiser actual does – and what one of the panel experts got completely wrong because he didn’t understand our role in the mortgage process: Greetings Congresswoman Waters, Chairman Clay, Ranking Member Duffy, Ranking Member Gooden, and the Members of the Housing Subcommittee: My name is Maureen Sweeney, and I am a real estate appraiser. I grew up in a real estate family and lived through the savings and loan crisis of the 1980’s, which had a profound impact on my life. I...

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  • Appraisers Don't Use Race Appraisers don’t use race... Race is NEVER considered during a valuation Last week in a congressional hearing on the future…

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]]> https://appraisersblogs.com/race-baked-into-unregulated-big-data/feed/ 18 22268 Bye-bye 1004MC, Hello Analysis https://appraisersblogs.com/goodbye-1004MC-hello-neighborhood-experts https://appraisersblogs.com/goodbye-1004MC-hello-neighborhood-experts#comments Fri, 17 Aug 2018 12:30:34 +0000 https://appraisersblogs.com/?p=18947 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...

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]]> https://appraisersblogs.com/goodbye-1004MC-hello-neighborhood-experts/feed/ 22 18947 Crystal Ball & PFA Techniques https://appraisersblogs.com/market-trends-reporting-techniques https://appraisersblogs.com/market-trends-reporting-techniques#comments Wed, 15 Aug 2018 12:30:19 +0000 https://appraisersblogs.com/?p=18917 PFA figures & opaque crystal balls don’t work when reporting market trends! Nor does the MC Form! Appraisers, by now you’ve heard that FNMA finally has decided that their 1004MC form is basically worthless. That form is no longer required in appraisal reports for properties sold to FNMA, as of August 7, 2018. poorly designed form which never has reported accurate trends…However, sidekicks in mortgage lending have not come to the same conclusion… yet. Hopefully, in short time, they will also remove the MC ‘inclusion’ requirement in reports of this awful, poorly designed form which never has reported accurate trends – despite the...

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]]> https://appraisersblogs.com/market-trends-reporting-techniques/feed/ 8 18917 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 Observations of a Review Appraiser https://appraisersblogs.com/adjustments-review-appraiser https://appraisersblogs.com/adjustments-review-appraiser#comments Thu, 21 Apr 2016 12:30:28 +0000 https://appraisersblogs.com/?p=11848 Adjustments appeared to come from some List or Automated… Recently I had the opportunity to work on a Class Action case. The case settled, and there are confidentiality agreements for both sides, so I cannot reveal any details. I will summarize the allegations and findings, as well as the scope of work performed. I should say also that before being hired, I was interviewed, and vetted. Every reference provided, was contacted, as well as a records check and background check. What they were looking for was a combination of a clean reputation for being unbiased, as well as depth of...

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]]> https://appraisersblogs.com/adjustments-review-appraiser/feed/ 8 11848 USPAP 2016-17 Summary of Changes https://appraisersblogs.com/appraisal/uspap-2016-17-summary-of-changes/ https://appraisersblogs.com/appraisal/uspap-2016-17-summary-of-changes/#respond Thu, 19 Feb 2015 13:30:46 +0000 https://appraisersblogs.com/?p=7011 2016 – 17 USPAP Updates & Revisions Appraisers, On Feb 6, the Appraisal Standards Board finalized the upcoming changes to the next issue of USPAP. See the PDF for the actual document. The highlights are: Revisions adopted for 2016 – 17 USPAP The following changes were adopted by the Board in a public meeting on February 6, 2015, and will be incorporated in the 2016 – 17 edition of USPAP and associated guidance material with an effective date of January 1, 2016: Revisions to the RECORD KEEPING RULE Revisions to STANDARD 3 Revisions to the Definition of Assignment Results and Confidential Information and...

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]]> https://appraisersblogs.com/appraisal/uspap-2016-17-summary-of-changes/feed/ 0 7011 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 https://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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]]> https://appraisersblogs.com/appraisal/differences-between-neighborhood-and-market-areas-analysis/feed/ 1 3094 Making Sense of Marketing Time and Exposure Time https://appraisersblogs.com/appraisal/making-sense-of-marketing-time-and-exposure-time/ https://appraisersblogs.com/appraisal/making-sense-of-marketing-time-and-exposure-time/#respond Tue, 06 Mar 2012 12:00:04 +0000 https://appraisersblogs.com/?p=2441 Marketing Time Strangely enough, USPAP 2012-2013 does not include a definition of Marketing Time. Marketing Time is only addressed in the Advisory Opinions (AO 7) and the Advise from the ASB is that reasonable marketing time is an opinion of the amount of time that might take to sell a property interest at the concluded market value during the period immediately after the effective date of an appraisal. Exposure Time USPAP requires an opinion of exposure time, not marketing time, when the purpose of the appraisal is to estimate market value. USPAP 2012-2013 defines Exposure Time as the estimated length...

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]]> https://appraisersblogs.com/appraisal/making-sense-of-marketing-time-and-exposure-time/feed/ 0 2441 Developing and Reporting Exposure Time https://appraisersblogs.com/appraisal/developing-and-reporting-exposure-time/ https://appraisersblogs.com/appraisal/developing-and-reporting-exposure-time/#respond Mon, 20 Feb 2012 12:00:31 +0000 https://appraisersblogs.com/?p=2357 Did you know that the 2012 USPAP has a new development and reporting requirement? Effective January 1, 2012; when exposure time is a component of the definition for the value opinion being developed, the appraiser must also develop and state in the report an opinion of reasonable exposure time linked to that value opinion. The following is the exact language in the USPAP; DEFINITIONS Exposure Time: estimated length of time that the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the...

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