Appraisers Blog

MAY 7, 2024

Except for the fact that the home inspection photos will also be analyzed and input in that database, along with all the appraisal photos from the properties you selected as comps, as they were once subject homes themselves. In reply to ej. Here comes the automation that the big fintechs are already using, now centralized.

Comps 98

Comps Appraisal 98

Appraisers Blog

FEBRUARY 6, 2024

Or maybe he lives in the heart of the city and takes elevators to provide appraisal services on perfect square boxes with plentiful comps, mere minutes away from the home office. 1-2 hours inspection and comps. Two and three a day appraisers using typing services, outsourcing, comps sharing, click and go pre write.

Comps 98

Comps Appraisal 98

Appraisers Blog

DECEMBER 24, 2023

In other words you believe that if an appraiser is incompetent and utilizes wrong comps, data, etc. In reply to hammering hank. then he must be racist/biased! smh Never attribute to malice that which is adequately explained by stupidity 1

Comps 98

Comps Appraisal 98

Appraisers Blog

JUNE 28, 2024

CU also has NOT visited the subject property nor the comparables and has not determined or provided evidence that the “comps” that are better than the ones initially provided in the report.

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

JUNE 20, 2024

Some appraisers search purely by price or some other attribute that may not drive value. The smart ones identify the submarket and draw a continuous radius until they see the best 3 comps (we don’t need 6) – At this point you are visually studying the MLS descriptions to get the best. Let’s start at the basics.

Appraisal 98

Appraisal Comps 98

Appraisers Blog

SEPTEMBER 19, 2024

Still in favor of the in person comps pictures requirements. Amc’s have taken advantage of these requirements, which is why a substantial portion of simple appraisal work has now been shifted over to realty persons instead. Quite often so is taking photos of comps in the same high density housing areas.

Appraisal 98

Appraisal Comps 98

Appraisers Blog

JUNE 12, 2023

Can’t the appraiser recognize that using two-year-old sales comp’s have meaning and be part of the value conclusion? When these two figures are sorted, they represent stuff, which can be interpreted and verified as meaningful or not. Did it close in 45 days or in ten months?

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

SEPTEMBER 19, 2024

One appraiser’s vision of the (near) future: Imagine having your own privately hosted Large Language Model (LLM) or soon-to-debut Artificial General Intelligence (AGI) model. This in-house appraisal tool will input and analyze all your photos, on-site video footage, and LiDAR measured dwelling information. How much money you will make!

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

APRIL 13, 2024

An appraisal is an opinion (among other things) of … Scope of Work The contract The neighborhood The site, including H & BU The improvements (condition, deficiencies, adverse conditions and conformity) The selection and adjustment of comparable sales The analysis of prior subject and comp sales Market Value indicated by the Sales Comparison (..)

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

MARCH 28, 2024

The appraisal reports included are not from this Connelly/Motts v Lanham case. 3 comps and 1 active leave little ground to stand solidly on in court. Is there any means that we can get those to review? I’m glad I’m not having to defend such work.

Appraisal 98

Appraisal Comps 98

Appraisers Blog

MAY 14, 2024

As far as I understand it, when an ROV is submitted to you by the lender, who may have received it from the borrower, they have to give you a valid and researched reason as to why their comp(s) is worthy of being considered and is better than your comp(s). This according to Dodd-Frank & the revised ROV rule.

Comps 98

Comps Appraisal 98

Appraisers Blog

SEPTEMBER 19, 2024

A picture is worth a thousand words but an in person visit (subject/comps) is worth a million. I had a comp in a neighborhood I was well familiar with and after viewing the listing photos I yelled at the agent (in my head of course) where the hell are the pictures of the mountains the house was facing. She had not included one.

Comps 98

Comps Appraisal 98

Appraisers Blog

MAY 3, 2024

They must include a fee for appraisers to do ROVs. I’ve done some that have taken a couple of hours because they included many comps. I have to fully research each comp to determine if it’s a true comp or not. I even had one AMC tell me I should go drive by the new comps provided.

Comps 98

Comps Appraisal 98

Appraisers Blog

MAY 4, 2024

Appraiser who start out with a blank canvas (so to speak), with no asking price information provided to them, — obtaining data only by available visual information and records of the property and improvements itself, to work up the estimate and appropriate comps. In reply to Spencer Paul.

Comps 97

Comps Start-ups Appraisal 97

Appraisers Blog

JUNE 12, 2023

Ralphy is busy making $300 per appraisal and thinks he’s getting rich. He should be earning $700 to $1,200 per appraisal. I wouldn’t take comp photos and make a trip to the county records office for $300. In reply to Spencer Paul.

Appraisal 76

Appraisal Comps 76

Appraisers Blog

JANUARY 2, 2025

An appraiser just asked for help in an older thread. FNMA forcing a repurchase and subsequent state complaint because appraiser cross comped across a school district boundary a half mile away. [link] The hits keep on coming.

Comps 98

Comps Appraisal 98

Appraisers Blog

MAY 3, 2024

Any good appraiser is already explicitly explaining their comp search, includes a farm list AND discusses specific sales not used that someone might wonder about. How bout a requirement that the underwriter screen any ROV before automatically sending it to the appraiser?

Comps 98

Comps Appraisal 98

Appraisers Blog

FEBRUARY 4, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 98

Comps Marketability Appraisal 98

Appraisers Blog

FEBRUARY 3, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 98

Comps Appraisal Marketability 98

Appraisers Blog

FEBRUARY 3, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 98

Comps Marketability Appraisal 98

Appraisers Blog

FEBRUARY 2, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 98

Comps Marketability Appraisal 98

Appraisers Blog

FEBRUARY 1, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 98

Comps Marketability Appraisal 98

Appraisers Blog

FEBRUARY 1, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 98

Comps Marketability Appraisal 98

Appraisers Blog

JANUARY 31, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 98

Comps Marketability Appraisal 98

Appraisers Blog

JANUARY 31, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 98

Comps Marketability Appraisal 98

Appraisers Blog

JANUARY 31, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 98

Comps Marketability Appraisal 98

Appraisers Blog

APRIL 18, 2024

Do work that other appraiser’s are not willing to do because they want to cherry pick work that are located in a single county that they live in and don’t have to drive more then 20 minutes for the subject and comps. This is going to be the market for sometime, of which I do agree with you. Expand and find new clients.

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

FEBRUARY 2, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 97

Comps Marketability Appraisal 97

Appraisers Blog

FEBRUARY 1, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 97

Comps Marketability Appraisal 97

Appraisers Blog

FEBRUARY 1, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 97

Comps Marketability Appraisal 97

BV Specialists

APRIL 11, 2022

There are several filing forms involved and depending on the existing documentation, owners may need to engage with a certified business appraiser to independently declare a final value for tax purposes. In many cases, this would be tangible property only, such as real estate, buildings, machinery & equipment, and personal property.

Appraisal 95

Appraisal Comps Business Valuation Marketability 95

Appraisers Blog

MAY 4, 2023

The comps/market and analysis speaks for itself. Is the analysis sound, are the comps conditionally and locationally adequate and relevant to the subject. Who’s concerned about ethnicity or race and how can one appraise a property on that basis? It’s not the appraisers who request that photos of people, ethnic art, etc.

Comps 98

Comps Appraisal Marketability 98

Appraisers Blog

APRIL 18, 2022

…a brilliant ‘work around’ to solve the subject & comps adjustment issues, which Fannie Mae thinks is no big deal… Appraisers, I was chatting with an appraiser buddy last week about the ANSI measuring dilemma we all face when doing Conventional lending reports, which ultimately will wind up with Fannie Mae.

Comps 98

Comps Appraisal Marketability 98

Appraisers Blog

MAY 7, 2024

This extends beyond just the comps in your grid to every single comparable in your model. I use True Adjustmnet Trends from Homeputer. Remarkably, it doesn’t require photos to assess and rate the condition and quality of comparables.

Comps 98

Comps Appraisal 98

Appraisers Blog

FEBRUARY 11, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 97

Comps Marketability Appraisal 97

Appraisers Blog

FEBRUARY 6, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 97

Comps Marketability Appraisal 97

Appraisers Blog

FEBRUARY 6, 2025

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future

Comps 97

Comps Marketability Appraisal 97