restricted appraisal - Appraisers Blogs

Commercial Appraisal Reports: How Much Do They Cost?

Guest Author — Thu, 13 Oct 2022 12:30:25 +0000

Every business that owns a commercial property will require an appraisal. Commercial real estate transactions are the most common. Commercial real estate appraisals are necessary when acquiring or selling a commercial building. As with home appraisals, commercial property appraisals offer unbiased, third-party insight into their value. In contrast to residential properties such as single-family houses or condominiums, commercial appraisals estimate the value of stores, offices, hotels, apartment buildings, and the like. When you build, insure, tax, mortgage, or sell real estate, an appraisal is required. Besides helping secure a loan or ensure that you have enough insurance, it may also...

Tax Appeal Work & Appraisers Taxing the System - Tax Appeal The Department receives a number of appraisal complaints related to property tax assessment appeals…
Commercial Appraisers Livelihood Threatened Commercial appraisers may want to open this link, and read it. Your livelihood is possibly threatened by the National Credit…
Commercial Fees Taking a Hit, Revision Requests & C&R Fees Fee for commercial appraisals cut in half Metro West is an AMC entering the Virginia Commercial world. They are coming…

The post Commercial Appraisal Reports: How Much Do They Cost? appeared on Appraisers Blogs.

Undercutting the Appraisal Profession

VaCAP Board — Mon, 27 Jul 2020 12:30:10 +0000

Proposed Revision to STANDARDS RULE 2-2…a change that would undercut the appraisal profession in a major way… Comments on the proposed changes to the 2022-23 USPAP are needed. The proposed changes to the reporting requirement of Standard 2 may impact the profession negatively and confuse the public on who we are and what we do. We ask that each and every one of you pause for a moment and comment by July 30th. Below is what was sent out to the Arizona Association of Real Estate Appraisers by Joanna Conde. Virginia also requires anyone using the title appraiser, be licensed....

Bringing Evaluations Under USPAP's Umbrella Evaluations: Concept Paper, Webinar, Public Meeting In early August, The Appraisal Foundation announced that the The Appraisal Standards Board would…
USPAP Appraisal Reviews in 15 Minutes? $15 USPAP Appraisal Reviews in 15 minutes? A VaCAP member shared with us something they read in an appraiser group…
USPAP Will No Longer Be Misleading Back in early February on Appraisalville, I questioned a new definition that appeared in USPAP for the term "misleading." Many others took…

The post Undercutting the Appraisal Profession appeared on Appraisers Blogs.

Appraisers Should Never Do Evaluations

Michael Ford — Wed, 14 Aug 2019 12:30:25 +0000

…users of evaluations knew & accepted that if they obtained evaluations in lieu of real appraisals that they were getting meaningless value opinions by unqualified personnel… TALCB will be considering the Board’s position regarding appraisers performing evaluations in compliance with USPAP at the next Board meeting on August 23, 2019 Dear Texas Appraisers Licensing & Certification Board Members: The short and sweet version is that appraisers should never, repeat never do ‘evaluations’. The term itself should never be uttered as if it refers to any legitimate appraisal product that meets the USPAP requirements of a real estate appraisal. When FIRREA...

The Black Swan - Another Meltdown Another Meltdown – The Inevitable Outcome of a White Swan: Why would we allow another Financial Meltdown to occur? ...When…
Alternative Evaluations... Good or Bad All of these "alternative evaluations" are an attempt to reduce the fee of the appraiser... All this talk about alternatives…
Open Letter to Taxpayers An Open Letter to Taxpayers Dear Ms; Mrs. & Mr. Taxpayer: In a recent article published by Housing Wire; authored…

The post Appraisers Should Never Do Evaluations appeared on Appraisers Blogs.

Different Properties on the Same Form?

Dustin Harris — Wed, 22 May 2019 12:30:59 +0000

Are you appraising the retail values of 10 sites to 10 different owners? Are you appraising the bulk or discounted market value of the 10 sites to a single purchaser? Can the Same Form Have More Than One Property on it? Lots of folks have asked me, “Dustin, can I appraise two different properties on the same appraisal report at the same time?”. Now understand I am not a USPAP instructor, I am an appraiser, so I’m going to answer this question as best I can. The question before us is legitimate, and one which I had to answer recently....

Should Adjustments Actually Be Done? How much credit should we give ourselves when it comes to making adjustments? Making adjustments is controversial. USPAP says nothing…
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 New & Improved Fannie Mae “FRAUDULATOR 2.0” Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie…

The post Different Properties on the Same Form? appeared on Appraisers Blogs.

If It’s Not an Appraisal, What Is It?

Dave Towne — Sat, 06 Oct 2018 12:30:22 +0000

…do away with specifically ‘naming’ an appraisal report as to the “type” it is… Folks, the Second Exposure Draft of proposed changes to the next USPAP was released by the Appraisal Standards Board on August 23. See embedded PDF below. The ASB is encouraging all users to review this document, and provide commentary back to them on/before October 10, 2018. One item of note is there is a proposal in the Draft to do away with specifically ‘naming’ an appraisal report as to the “type” it is. If it’s not an ‘appraisal’, what is it?? Currently we have “Appraisal Report”...

USPAP Third Exposure Draft ...the Ethics Rule has been expanded with a new highly detailed Nondiscrimination section, which also affects the Competency Rule. Folks,…
Confusing Language for USPAP Ethics Rule Addition A proposed update of professional guidelines for property appraisals contains confusing language about what constitutes discrimination, and would even suggest…
Uncovering Flaws in FHA Appraisal & Loan Review Process The story of this single mother's harrowing experience with a defective home purchase and HUD's negligent oversight exposes deep flaws…

The post If It’s Not an Appraisal, What Is It? appeared on Appraisers Blogs.

Solution for Alternative Reports

Dave Towne — Thu, 07 Dec 2017 13:30:18 +0000

Lenders are having a problem finding enough appraisers to fulfill the number of ‘alternative’ reports… This is my follow-up to the previous essay about FIVE different types of ‘hybrid’ reports. You need to know some background about why I’m writing about this. I’m acquainted with a highly skilled appraiser/instructor of 40+/- years in the trenches. I had the pleasure of meeting this appraiser in glitter gulch in 2008, again in 2013, and we have stayed in touch over the years. I greatly respect this appraiser’s opinions and willingness to contribute cogent remarks in-person, when teaching, and via various forum posts, etc....

The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…
USPAP’s Typical Buyer Standard in the Fair Housing Era The Irreconcilable Conflict Between USPAP's Typical Buyer Standard and the Current Fair Housing Compliance Regime. Retain this document as a…
Desktop Appraisals: Has The Devil Infiltrated The… Are desktop appraisals with third-party inspectors protecting the public, or are these products about to destroy the very profession I…

The post Solution for Alternative Reports appeared on Appraisers Blogs.

Appraisal Report in MLS Listings

VaCAP Board — Tue, 25 Jul 2017 12:30:03 +0000

Your Appraisal Report Attached to a MLS Listing…. Private prelisting appraisals are a good revenue stream for many appraisers. Do your clients understand the intended use and intended users? Do you, the appraiser, understand the intended use and the intended users? We often get complacent and assume everyone understands, and then the unthinkable happens; you find your appraisal report attached to a MLS listing or worse, attached as a photo on Zillow. Yes, this actually is happening! On recent MLS listings, the following statements were found: “Offers accepted until… Owner reserves the right to accept or reject any/all offers –...

The First AMC for Agents Zillow, The First "Agent Management Company" (AMC) for the Real Estate Agent Brokers and Agents, welcome to the appraisal world.…
Unintended Use & Misleading Appraisal Reports Unintended and Potentially Misleading At what point do we ALL say enough? When they insist on unlocked PDF, XML or…
Purchase Season Protection Our function as an appraiser is to estimate the market value... Sale Season 2017 We are entering the sale season…

The post Appraisal Report in MLS Listings appeared on Appraisers Blogs.

To Eval or Not to Eval

IDFPR Board — Thu, 21 Jul 2016 12:30:44 +0000

An evaluation, when performed by an individual acting as an appraiser, is an appraisal… Recently, a document entitled, The Interagency Advisory on Use of Evaluations in Real Estate-Related Financial Transactions was released. Many in the lending and appraisal professions see this as a federal permission slip for evaluations to be completed by Illinois Certified Appraisers. The document reiterates what we already know about evaluations: Under the appraisal regulations, the following transaction types do not require an appraisal, but do require an evaluation: Transactions in which the “transaction value” (generally the loan amount) is $250,000 or less; Certain renewals, refinances, or other transactions involving...

Can You Do a Particular Assignment per USPAP?? Yes, I can Accept That Assignment! Types of assignments... Folks, The Appraisal Foundation, via John Brenan, has released the following,…
Valligent New $40 Alternative Valuation Assignment Valligent, an AMC with ‘national’ presence, is soliciting appraisers to complete a new alternative valuation product on behalf of their…
Evaluations for Lenders & Appaisers Appraisal Institute Helps Appraisers Perform Evaluations for Lenders The Appraisal Institute’s “Guide Note 13: Performing Evaluations of Real Property Collateral…

The post To Eval or Not to Eval appeared on Appraisers Blogs.

Can You Do a Particular Assignment per USPAP??

Dave Towne — Wed, 20 Apr 2016 12:30:48 +0000

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...

Adjustment Values, Frequency & Dollar Amount Ever wondered what other appraisers are doing with adjustment values? Appraisers, Have you ever wondered what other appraisers are doing…
The 1004D for Disaster Inspections - Advice When Disaster Happens... Appraisers, The phrase "disasters happen" is, unfortunately, all too common. Fires, floods, vehicle accidents, wind storms, hurricanes,…
What's Wrong With this Sentence? AMC says sentence was unacceptable based on one word in that sentence Beware appraisers, big brother is watching what you…

The post Can You Do a Particular Assignment per USPAP?? appeared on Appraisers Blogs.

Form PACE Pro – Appraisal or Evaluation?

Dave Towne — Tue, 02 Feb 2016 13:30:07 +0000

Frankly this form is so screwed up! To First American Mortgage Solutions…(copy to appraisers around the US): Do you folks really understand what your PACE form report REALLY is?? It is not an Evaluation report. It is an actual appraisal, disguised very poorly as a so-called Evaluation. Here’s what I found in your form, after actually reading it: “This report is provided for the benefit of the named customer only and is not intended to be, nor shall it be deemed to be, an appraisal or any form of an appraisal.” OK, fine, not an appraisal. The main form page says...

MC Form & Incorrect Reporting of DATA Appraisers, Wednesday last week (11/18/15) WorkingRE published, via their e-Newsletter, an article I submitted to them as an 'exclusive.' I…
URAR Form Ambiguities and Liabilities Revisiting The Fannie Mae/Freddie Mac 2005 URAR Form Ambiguities and Liabilities It has been eight years since the URAR form…
2075 FNMA Form a Ticking Time Bomb? Is Fannie Mae Form 2075 a ticking time bomb for Appraiser? Fannie Mae Form 2075 (aka the “Desktop Underwriter Property…

The post Form PACE Pro – Appraisal or Evaluation? appeared on Appraisers Blogs.

restricted appraisal - Appraisers Blogs

Commercial Appraisal Reports: How Much Do They Cost?

Related Posts:

Undercutting the Appraisal Profession

Related Posts:

Appraisers Should Never Do Evaluations

Related Posts:

Different Properties on the Same Form?

Related Posts:

If It’s Not an Appraisal, What Is It?

Related Posts:

Solution for Alternative Reports

Related Posts:

Appraisal Report in MLS Listings

Related Posts:

To Eval or Not to Eval

Related Posts:

Can You Do a Particular Assignment per USPAP??

Related Posts:

Form PACE Pro – Appraisal or Evaluation?

Related Posts: