Appraisal Articles 2018 Free Appraisal Articles for Appraisers and the Public

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Appraisal Articles is an Internet website dedicated to providing free information in the form of articles on appraisal and real property / real estate topics to appraisers and the public.  Authors are invited to contact us and submit related original articles for approval. 

Moapa Area Appraisals

by Administrator on Feb 19, 2018 Vacant Land Appraisal 15 Views

I have been appraising property in Clark County for over 20 years and I can tell you that relatively few appraisers will accept an appraisal assignment in Moapa. It’s a fact that many appraisers if asked don’t know the difference between Moapa, Moapa Valley, Logandale, Overton, Mormon Mesa, Warm Springs and Virgin River properties. It’s just “an area northeast of Las Vegas,” and that’s good enough. If you are talking to a potential appraiser about a Moapa assignment and they don’t inquire about water rights that could be a red flag. An appraiser must know if water rights or water services exist at a specific property and how much (how many acre feet) of water is available. it’s an important factor that affects value.

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AQB Takes First Steps in Lowering Appraiser Qualifications

by Administrator on Feb 15, 2018 Appraisal Standards 51 Views

As discussed in a recent article published by McKissock Learning on their blog, see the link below, the Appraisal Qualifications Board (AQB) of the Appraisal Foundation will adopted changes to the Real Property Appraiser Qualifications Criteria following its fourth exposure draft that will become effective on May 1, 2018. The changes effectively begin, in my opinion, a breakdown of the entry barrier erected by appraisers, that restricted entry into the appraisal industry. As noted in the McKissock article, the following are some of the changes that are being adopted together with those noted in the following table:

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Discount Percentages / Real Estate Fractional Interests

by Administrator on Jan 30, 2018 Fractional Interest Appraisals 68 Views

If you have taken the time to search you may already know that there are a lot of articles out there on the web regarding fractional interests. So, what do appraisers do when faced with having to develop an appropriate discount for their assignment? If a property suffers no loss due to a lack of marketability and no loss due to a lack of control, due generally to owning a minority interest in a property, then discounting it may not be appropriate. A joint tenancy interest in a property may mean that you only own a portion of the whole, but claiming that your interest should be discounted is tenuous at best.

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Does Multiple Tenancy in a Single-Family Residential Home Affect Value?

by Administrator on Jan 16, 2018 Homes 31 Views

Most appraisers have walked into a single-family residential (SFR) home they are appraising and discovered that there are multiple families inhabiting it. Does this situation affect real property value or the results of an appraisal report? Financial institutions want to know from an appraiser if multiple tenancy is occurring in a building, it’s one of the things that they are paying you to establish. So, if you keep the information to yourself you have not provided them with the information they requested from you. Often the multiple family use of a home violates home owner association rules, master-plan community rules, city codes, zoning and planning.

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CoreLogic Valuation Solutions Residential Appraisal Standards

by Administrator on Jan 13, 2018 Appraisal Standards 54 Views

I just took a brief look at the new 112-page CoreLogic Valuation Solutions Residential Appraisal Standards online document that was recently sent to me via email. I don’t complete work for CoreLogic or for any of their affiliates but I guess they think that I am in need of a copy of their standards. I read the document and I was surprised by it. It appears that CoreLogic thinks that they are now the new de facto appraiser regulator. Oh no, I was told, the new standards are just to be followed by appraisers who complete work for CoreLogic. I’m asking myself, “so if it’s just for CoreLogic appraisers why is this document being distributed online to me and to other appraisers?

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