Access appraisal tips, trends and other information to grow your career.
This year we’ve seen intense homebuyer competition nationwide, with a record-breaking number of homes selling above asking price in March 2021. As a real estate appraiser, you’ve likely encountered assignments in which the purchase price is not supported by the available comps. So, what…
Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Below, we provide a basic overview of exposure time…
Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments) because they don’t want to be considered a “home inspector.” Do you believe you are acting as a home inspector when you complete a property…
Are you about to take your appraisal licensing and certification exam and have knots in your stomach? Then you’re in luck, because our Pro-Series webinar, “Proven Test Taking Tips for Your Real Estate Appraiser Exam,” is back by popular demand! Join us on Wednesday,…
There are many reasons why appraising green homes is recommended for residential real estate appraisers. For one, green residential properties are gaining popularity throughout the U.S. Additionally, green home appraisers offer a unique skill set for which they can charge higher fees, and they…
Despite the economic downturn and uncertainty caused by the COVID-19 pandemic, millions of U.S. workers are choosing to quit their jobs—with a record 4 million people quitting in April alone, according to Labor Department statistics. “As pandemic life recedes in the U.S., people are…
A student contacted me with the following dilemma concerning an Appraisal Management Company (AMC) request: “I told the Management Company that I cannot mark the Zoning Compliance as ‘Legal’ if the report is marked “as-is,” because this would not be true for the current…
Green technology and the popularity of green living are advancing rapidly, and many real estate appraisers are interested in gaining specialized knowledge and expertise in eco-friendly housing. Last month, we asked our appraisal community, “What green home feature are you most interested in learning…
Solar panels and green homes are becoming increasingly common in the marketplace. If you’ve seen a rise in solar PV systems in your area, consider taking the first steps toward competency in the valuation of this energy-efficient feature of real estate. Below you’ll find…
The Chairwoman of the House Financial Services Committee asks agencies to prolong pandemic homeowner protections. Pandemic-driven migration drives up home prices in popular cities. New home sales fall to the lowest pace in a year. Despite low rates, only 22% of homeowners refinanced their…
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