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Articles by April, 2009
Appraisers Move to Offer BPO Type Reports
by Administrator on Apr 2, 2009 • General Appraisal • 1936 Views
Since federally insured lenders now often don't need a full appraisal report, demand has strengthened for broker price opinions (BPOs) in many states. Appraisers have seen real estate agents getting valuation work that they assumed would belong to them, so a move is on to find an appraisal product that will allow appraisers to compete for the work.
How do Market Trends Influence Appraised Values?
by Administrator on Apr 19, 2009 • General Appraisal • 1944 Views
Most appraisal assignments direct the appraiser to form an opinion of the market value of a specific property. If you are familiar with appraisal definitions you know that most market value definitions indicate that market value is the “most probable price” that a market participant will pay for a property. So in most instances appraisers have to consider value as an anticipation of future benefits.
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