room count - Appraisers Blogs https://appraisersblogs.com/tag/room-count/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 04:04:10 +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 room count - Appraisers Blogs https://appraisersblogs.com/tag/room-count/ 32 32 52046035 Majority of Reviewers Had Very Limited Field Experience https://appraisersblogs.com/majority-of-reviewers-had-very-limited-field-experience/ https://appraisersblogs.com/majority-of-reviewers-had-very-limited-field-experience/#comments Mon, 23 Oct 2023 12:30:55 +0000 https://appraisersblogs.com/?p=30040 It was my experience that the majority of reviewers, FNMA included, had very limited field experience. Which is painfully obvious when they request baseless revisions for “more or better comps”.  I’m a Certified General Appraiser that started appraising in 1984, almost 40 years ago! Spent the majority of my career appraising both residential and commercial properties in a major metropolitan market. I had my own appraisal firm for a number of years, prior to the AMC model which dissolved years of relationship building with clients large and small, almost overnight! Like most of you, I really enjoyed appraising and was...

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]]> https://appraisersblogs.com/majority-of-reviewers-had-very-limited-field-experience/feed/ 22 30040 ‘Opportunity’ to Work for Free is Not a Plan https://appraisersblogs.com/opportunity-2-work-4-free-is-not-a-plan https://appraisersblogs.com/opportunity-2-work-4-free-is-not-a-plan#comments Thu, 23 Feb 2023 13:30:50 +0000 https://appraisersblogs.com/?p=28767 I gave this ‘opportunity’ further critical analysis in terms of time spent versus the fee income potential.  Appraisers, I’d like to disclose a personal ‘opportunity’ that was presented to me last fall, early winter. A company with AMC roots was, or is, recruiting people to become “property inspectors” with the resulting reports potentially fed to other appraisers who do HYBRID, or maybe even DESKTOP reports. The GSEs never intended the DESKTOP report to incorporate separate ‘property inspections’ from a hired third party, but that’s been the evolution because they just look the other way. Last fall, due to the slowdown...

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]]> https://appraisersblogs.com/opportunity-2-work-4-free-is-not-a-plan/feed/ 73 28767 What If the Appraisal Comes in too Low? https://appraisersblogs.com/what-if-the-appraisal-comes-in-too-low-contesting-a-low-appraisal https://appraisersblogs.com/what-if-the-appraisal-comes-in-too-low-contesting-a-low-appraisal#comments Fri, 19 Mar 2021 12:30:45 +0000 https://appraisersblogs.com/?p=25060 …how to prevent a low appraisal in the first place… As real estate brokers in New York City, many buyers ask us what options exist if the appraised value comes below the contract’s purchase price. We explain how the appraisal rebuttal process works and how to prevent a low appraisal in the first place. Here are the most frequent questions buyers ask us. For this reason, we will draft this article like a Q&A. What happens when the appraisal is below the purchase price? What to do when the appraisal comes too low? How to contest a low appraisal? Can...

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]]> https://appraisersblogs.com/what-if-the-appraisal-comes-in-too-low-contesting-a-low-appraisal/feed/ 17 25060 Hybrid Assignments, the Consequences https://appraisersblogs.com/third-party-inspectors-hybrids-consequences https://appraisersblogs.com/third-party-inspectors-hybrids-consequences#comments Thu, 07 Feb 2019 13:30:33 +0000 https://appraisersblogs.com/?p=20889 The concept of a third party providing one or more functions in an appraisal assignment is nothing new. Back in the 1970s and 1980s there were plenty of appraisers who used somebody else to do the sketch or to take the pictures or to pull comps. The “appraiser” put all of the pieces together and signed the report. Then came USPAP in 1989. Licensing followed shortly thereafter. Today, there are a number of lenders and AMCs who believe that they’ve invented something no one else has ever considered. The bifurcated or hybrid appraisal process. To be clear, we’re not talking...

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]]> https://appraisersblogs.com/third-party-inspectors-hybrids-consequences/feed/ 10 20889 AMC Abuses? What’s Your Story? https://appraisersblogs.com/amc-abuses-share-story https://appraisersblogs.com/amc-abuses-share-story#comments Wed, 14 Feb 2018 13:30:09 +0000 https://appraisersblogs.com/?p=16947 Many of you have filed formal complaints against AMC abuses with State appraisal boards… The place was a small subdivision developed with coastal style homes on the Ocean side of route 12 in the Outer Banks of North Carolina. The bank was Bank of America. The AMC was LandSafe and the time was just before Corelogic purchase of Landsafe for $122 million. I was asked by this AMC to appraise a home for a purchase transaction. My comparable sales consisted of one recent sale of the next door neighbor, one on the same street, and two closed sales in the...

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]]> https://appraisersblogs.com/amc-abuses-share-story/feed/ 85 16947 GLA Adjustments & Pizza Slices – They Do Correlate! https://appraisersblogs.com/gross-living-area-gla-adjustment https://appraisersblogs.com/gross-living-area-gla-adjustment#comments Thu, 04 Aug 2016 12:30:47 +0000 https://appraisersblogs.com/?p=12288 Determining the GLA Adjustment in Appraisal Reports I promised in a previous post I’d send out my method for determining the GLA adjustment in appraisal reports. Goodness! Appraisers actually found that statement buried in the prior post, and have ‘rung my chimes’ requesting this info! OK, but first, the pizza analogy. I often tell clients and other appraisers that appraising (residential) real estate is far more complex than grabbing a store-bought pre-boxed pizza (that has exactly the same ingredients from box to box no matter which store you shop in) at a grocery and then applying 425 degrees of love...

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]]> https://appraisersblogs.com/gross-living-area-gla-adjustment/feed/ 22 12288 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 What is Gross Living Area (GLA)? https://appraisersblogs.com/appraisal/what-is-gross-living-area-and-what-does-it-include/ https://appraisersblogs.com/appraisal/what-is-gross-living-area-and-what-does-it-include/#comments Mon, 15 Jun 2015 12:30:18 +0000 https://appraisersblogs.com/?p=8010 What is Gross Living Area and What Does it Include? Appraisers, There are certain properties where aspects of Gross Living Area (GLA) might not be obvious. It’s more confusing when the selling real estate agents lump all “living space” together, because that’s what they are selling, or when the county assessor includes basements with upper level areas. These include homes with a detached ADU, additional rec room or sleeping space above a garage, additional living space with roof attached to the primary dwelling via covered breezeway, basement living spaces with separate entry, etc. Fannie Mae has a giant book called...

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