range of values - Appraisers Blogs

The RPR® Epidemic – Online Valuations vs Trained Appraisers

Hamp Thomas — Mon, 24 Oct 2016 12:30:28 +0000

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...

Market Value in the Age of Big Data Infallibility "Practically" unsinkable! This isn’t a topic I generally spend a lot of time on. Partly because I am 'uneducated' (sans…
AVMs Can NEVER Replace Appraisals AVMs Can NEVER Replace Appraisals & why FNMAs vaunted CU AVM is flawed! Yesterday (March 15, 2016), an appraiser called…
Bank Profits: Eliminate Appraisers Zestimate Gone Wrong. It all comes down to money and profits… Once again the Zestimate has a home-owner up in…

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Tax Appeal Work & Appraisers

IDFPR Board — Wed, 06 Jan 2016 13:30:28 +0000

Taxing the System – Tax Appeal The Department receives a number of appraisal complaints related to property tax assessment appeals each and every year. While most originate with assessors and boards of review, some come from appellants themselves. The most frequent complaint involves alleged undervaluation and advocacy on the part of the appraiser. The local assessor or board of review will allege that the appraiser deliberately omitted more relevant sales by “cherry-picking” distressed sales or choosing sales from inferior locations. Appraisers are not hired guns by counsel. Advocacy is a career-killer. Unlicensed practice is the next most frequent complaint. There...

Stop the Housing Tax for Transportation Hidden tax on homeowners The California Association of Realtors® in conjunction with the National Association of Realtors® has published a…
Unpermitted Additions "Zombie" Assignment Condition Unpermitted Additions This is a “zombie” assignment condition that seems to never die. Let’s agree that unpermitted means something was constructed without…
Going the Distance in USPAP Arbitrary distance limitations.... When I was in private practice, much of my litigation work took me to Somonauck, Sandwich and…

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Value Range Rather than a Single Point

Dustin Harris — Thu, 09 Jan 2014 12:30:01 +0000

I have been giving a value range…for many years… By making the choice to do lender work, we also make the choice to accept some pretty ridiculous stipulations. “When you pick up one end of the stick, you also pick up the other,” my dad used to teach me. One of those requirements that have been around as long as I can remember is that an appraisal value must be reported as a single dollar amount. This, I believe, is a mistake. By definition, market value is “The most probable price which a property should bring in a competitive and...

The Great Debate on Appraisal Fees She included several different fee split examples indicating AMCs retained as much as 70 percent of the total appraisal fee…
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 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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range of values - Appraisers Blogs

The RPR® Epidemic – Online Valuations vs Trained Appraisers

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Tax Appeal Work & Appraisers

Related Posts:

Value Range Rather than a Single Point

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