Appraisal Articles 2019 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. 

Government $ 400K De minimis Proposal - It’s A Wonderful Life

by Administrator on Dec 10, 2018 Appraisal Industry 2 Views

The government’s proposal to not require appraisals on loans below $ 400,000 sounds familiar to me, much like the Fannie Mae / Freddie Mac push to expand home ownership in 2005 to the not creditworthy masses. It sounds so ridiculous that you know it has to be about politics and profits and not about the safety of our banking system. I guess it’s also the latest run at solving the appraiser shortage “problem.” Not enough appraisers? It must be time to undermine the collateral that supports the banking system. Makes sense to me. Not. You don’t have to wonder for long about who benefits from a relaxation of the lending rules. It’s big banks, looking for another way to pull themselves out of their latest morass that only they could have created for themselves after years of bludgeoning their customers with outrageous fees.

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Is Sales Price the same as Market Value?

by Administrator on Dec 3, 2018 Property Appraisal 9 Views

It’s an easy answer if you think about it, no. There are many reasons why the sale of a real property may be transacted above or below a price that it would normally have sold for. An appraiser assumes as part of their market value definition that there are willing buyers and a willing sellers and typical market conditions. If you find that a property considered for use as a “comparable” sold for substantially more than other properties there may be an atypical motivation on the part of the buyer. Thus the buyer may have paid more for a property because the buyer was trying to assemble a large site in fact they may already own the adjoining site. If a real property is sold below its expected market value, there could be atypical motivations on the part of the seller. Some sellers don’t want to wait for a typical marketing time they don’t want to wait for the right buyer to come along during a typical marketing time they just want to “cash out.” That type of motivation will

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Appraiser Expert Witness Deposition Tips

by Administrator on Dec 2, 2018 Litigation / Expert 9 Views

Where would you imagine that an attorney would focus with regard to your appraisal report and deposition? Most attorneys are only as good as their expertise in a specific area. You pick a real estate attorney for your personal injury case and while he may take your money and represent you he may not be able to do the best job for you, he just doesn’t have the experience that the “specialists” have. Yes, he may be able to work his way through the case, maybe get you a great settlement, but are you really getting the best deal for your money? How much focus there will be on the technical details of your appraisal report will likely hinge on the expertise of the opposing attorney. If they specialize in another area or areas and their in a condemnation case they are really at a disadvantage. They probably never heard of a “yellow book” and even if they hired a competent appraiser they likely still don’t know what he is doing or why. You can’t walk into someone else’s “house” and th

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Why Did You Lose that Last Appraisal Assignment?

by Administrator on Nov 29, 2018 Business Operation 10 Views

If you are contacted by someone who is not the actual principal client, someone who is not the decision-maker regarding the appraisal assignment, you are immediately put in a disadvantaged situation. You may be asked to bid, which often means spending your time trying to figure out what actually needs to be appraised. FEES You charge high fees because you think you are a better appraiser than many of your competitors and you will find that you lost many assignments. If you are that good at what you do that you don’t need to bid competitively, more power to you. Most appraisers however need to bid reasonably to survive. That means that you have to be able to estimate how much time a report will take you to complete and what your time is worth. That means your time plus a percentage to pay your overhead.

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Contingent Appraisal Fees

Aug 8, 2015 • 1226 Views

Clients from Hell - How to Avoid Problems

Apr 7, 2016 • 268 Views

Home Owner's Associations Good or Bad?

Nov 20, 2015 • 102 Views

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