IVSC

JULY 31, 2023

It reads: The valuation must be appraised independently using prudently conservative valuation criteria. c) the value is not higher than a market value for the immovable property where such market value can be determined. The new Article 229 CRR reads: 1. The new Article 229 CRR reads: 1.

Banking 246

Banking Appraisal Marketability 246

Appraisers Blog

JULY 9, 2024

In a way all appraisers are economists. We study mostly micro markets to estimate a value for a single unit in a market. Because we understand markets it should come as no surprise that due to the economy of scale, the big fish have advantages that they leveraged to the independent appraiser’s detriment.

Appraisal 98

Appraisal Marketability 98

IVSC

JANUARY 26, 2022

Johnnie White CEO, American Society of Appraisers. We spoke to ASA Chief Executive, Johnnie White, to find out more about his vision for the future of the appraisal profession… How has your career to date led you to the role you have now? As CEO, I interact with appraisers and allied professionals daily.

Appraisal 246

Appraisal Business Valuation Technology Intangible Assets 246

BV Specialists

OCTOBER 7, 2024

Valuing a construction company involves many factors, including financial, operational, industry, and market considerations. The appraiser will review owners salaries and overall personnel compensation while making adjustments to normalize the data if necessary to bring it closer to competition in the industry.

Appraisal 86

Appraisal Compliance Marketability Equity 86

Appraisers Blog

MAY 8, 2024

Here in Colorado, VA allegedly had a ‘shortage’ of appraisers from 2015 through 2022. Their answer was to hire new (incompetent) appraisers, and then pressure the older and seasoned appraisers to cover the rural areas and different counties they might not cover or be geographically competent in. Interesting.

Appraisal 98

Appraisal Marketability 98

ISA

JANUARY 31, 2024

1/31/2024 12:00:00 AM Hiring an ISA personal property appraiser provides many benefits. There are numerous reasons to seek a professional appraisal, including planning insurance coverage, charitable donations, probate of an estate, or simply determining the value of your tangible assets.

Appraisal 98

Appraisal Fair Market Value Compliance Marketability 98

BV Specialists

MARCH 11, 2024

There is a misconception in the valuation industry, which some of our clients express their concern over, that their appraiser needs to be located in close proximity to where their company is situated. The underlying assets of the company will be taken into account, as well as the specific purpose and effective date of the appraisal.

Appraisal 93

Appraisal Marketability Business Valuation 93

BV Specialists

JULY 29, 2024

The fact is that an appraisal expert cannot focus a significant amount of time on any one industry if they want to maintain steady revenue and grow their business. Appraisers go where the opportunities take them, regardless of the industry in which their clients operate.

Appraisal 90

Appraisal Marketability 90

Appraisers Blog

AUGUST 31, 2024

Their lack of oversight allowed workarounds and market capture in more than just the valuation space too, they used the surplus funds taken from the appraisal industry to enter into several other industries related to mortgage lending as well. Appraisers were waiting in line to sign up and were really inspired by the concept.

Appraisal 98

Appraisal Compliance Marketability 98

Appraisers Blog

AUGUST 31, 2024

They discovered that not only could they continue to control the entire loan process start to finish, but could be very profitable and market to other users in need of an AMC. A lot of starving appraisers were forced to take these fees due to the slowing market. I can name two here in CO that did exactly that.

Appraisal 98

Appraisal Compliance Start-ups Marketability 98

Appraisers Blog

AUGUST 2, 2024

The appraisers involved had many competency issues. Too bad the home owners were denied access to three out of four ethical appraisers, whom refuse to work with amc’s because of the discount compensation and unethical business dealings so common with the amc companies. Your tax dollars hard at work.

Appraisal 98

Appraisal Marketability 98

Appraisers Blog

NOVEMBER 20, 2023

Terrence, back in 2004, I decided to terminate my lender clients to concentrate on seeking non lender clients, such as legal firms, large accounting and property management firms in my market area. My appraisal income took a hit for 3-4 years. But, I re-established my client base.

Appraisal 98

Appraisal Marketability 98

BV Specialists

OCTOBER 9, 2023

Like many professions, the appraisal industry is full of acronyms that only those well-versed in the lingo can identify at first glance. It is considered a universally accepted appraisal measurement and is also used in accounting circles. EBITDA considers a wide range of factors in business finances.

Appraisal 94

Appraisal EBITDA Business Valuation Banking 94

Appraisers Blog

JULY 24, 2024

Clearly the author of the HW article does not comprehend that appraisals are not meant, in any possible way, to meet contract price. Appraisals are necessary to determine “market value” which may be at, above or below contract price. Why is that type of garbage “journalism” allowed?

Appraisal 72

Appraisal Marketability 72

Appraisers Blog

APRIL 19, 2024

There is no room for bias, when all a valuator does is interpret and report on other peoples decisions, or some form of tangible items most likely and most probable worth in a specific market setting, solicited under specific terms. The three forms of value; value in use, value in market, value in income. Appraisers are not biased.

Appraisal 86

Appraisal Marketability 86

BV Specialists

SEPTEMBER 11, 2023

Whether it is for cooperative mediation or a more complex dispute involving litigation, independent appraisal work is often required when one or more of the parties owns a company that is deemed part of the shared property. Without cooperation from all parties involved, the appraisal effort cannot move forward.

Appraisal 92

Appraisal Fair Market Value Business Valuation Marketability 92

Appraisers Blog

OCTOBER 4, 2024

With rates dropping appraisers have the power to hold the housing market by the throat. The difference between dock workers and appraisers off course being that dock workers have billiards. Dock workers lost 2 days work to reap a 66% pay increase!

Appraisal 79

Appraisal Marketability 79

Appraisers Blog

MARCH 8, 2024

Housing Market?’ Half of the progressive politicians are slamming appraisers for supposedly repressing their home values. The use of waivers, the already excessively high demins thresh hold, has already led to massive over valuation of our entire housing markets. Appraisal Modernization! Things are happening.

Appraisal 79

Appraisal Marketability 79

Appraisers Blog

MAY 7, 2024

There will be no middle man/women between FNMA and a loan product, no UW, no LO, no Realtors and sadly no Appraiser’s. One self contained entity that would have the power to raise and lower markets with potential for fraud.

Appraisal 98

Appraisal Marketability 98

Appraisers Blog

JULY 24, 2024

In reply to Frustrated Appraiser. We and appraisals don’t “determine” market value. Courts and the market “determine” We develop opinions of value.

Appraisal 76

Appraisal Marketability 76

BV Specialists

DECEMBER 16, 2024

Unlike larger law firms, where the appraiser can rely on broader market data and diverse revenue streams, solo practices often require a more personalized and detailed approach. The local market for legal services and geographic location will play a role in determining value.

Appraisal 69

Appraisal Intangible Assets Marketability Technology 69

Appraisers Blog

APRIL 22, 2024

‘The appraiser stumbling block.’ ’ The appraisers new defacto descriptive of job duties; Interpreters of other peoples bias in real estate markets. Is it me or has every single effort related to ‘appraisal modernization’ actually brought more bias into the process than it has sought to eliminate?

Appraisal 83

Appraisal Marketability Technology 83

Appraisers Blog

APRIL 20, 2024

I want to borrow a lot of your language – I completely agree that market participators make their own judgments, their own decisions, in their own best interests. I would add that, despite our best efforts, appraisers are also participants in the market. of appraisers do not discriminate. In reply to Baggins.

Appraisal 83

Appraisal Marketability 83

BV Specialists

SEPTEMBER 9, 2024

Otherwise, there would be a lot less demand for independent appraisal work. Most experienced appraisers rely on a significant portion of their business to come from these types of projects where disputes arise. Here are a few examples: Partner Buyouts One of the most common types of disputes. It’s rather sad that this is the reality.

Appraisal 90

Appraisal Banking Marketability 90

BV Specialists

OCTOBER 23, 2023

In the valuation world, appraisers are asked to opine on value based on the variables pertinent to the overall transaction in consideration. The end result is a well-thought-out estimate of value considering the market information they research and the internal data they are provided with to analyze.

Marketability 90

Marketability Appraisal Business Valuation 90

Appraisers Blog

JULY 24, 2024

paragraph, but not coming up to the contract price when you have accounted for market trends through timing adjustments isn’t a deficiency in the appraisal. Lets be honest, its the job of cash in the hands of buyers that want something more than they care about market value that often push the market to new heights.

Appraisal 74

Appraisal Marketability 74

Appraisers Blog

APRIL 11, 2024

I gave the information back to the appraisal desk and asked them what they would like me to do about this. So if appraiser’s can’t report they way buyers and sellers are actually reacting to the homes location and external factors, what is it that we are reporting? They declined.

Appraisal 80

Appraisal Marketability 80

Appraisers Blog

AUGUST 2, 2024

How many appraisers do you know? Keep in mind when we perform appraisals that it is for fair market value which has a long list of what this definition includes. They get to basically say “trust us, it’s proprietary” and nobody can see if the algorithm is violating fair lending rules or even follows basic appraisal theory.

Appraisal 73

Appraisal Fair Market Value Marketability 73

Appraisers Blog

SEPTEMBER 30, 2023

Relying on lender work and assignments tied to the purchase and sale of real property is cyclical and the level of appraisal work is too low to make a living. They need people that understand the market, planning and entitlements, etc. Tax agents handling tax assessment appeals use the same skills as appraisers.

Appraisal 98

Appraisal Marketability 98

Appraisers Blog

MARCH 7, 2024

Quite possibly the most thorough appraisal article I’ve ever read on modernization risks. Back in 2014-2016 words like ‘leveraging’ or phrases like ‘value added’ became the mantra of those demanding changes to better facilitate loan fraud, and diminution of recognized appraisal standards.

Appraisal 76

Appraisal Equity Marketability 76

Appraisers Blog

MARCH 7, 2024

As you spell out, the appraisal modernization systems are really untested, markets always change and these new systems will likely get a stress test relatively soon, I am holding my breath. This is an excellent peice, very thoughtul and well written! Thank you for sharing It raises a lot of questions which will likely go on deaf ears.

Appraisal 76

Appraisal Marketability 76

Appraisers Blog

MARCH 7, 2024

Their shoddy estimates are leading buyers down a dangerous road paved with over-inflated market values and bad data. Without the seasoned eye of an appraiser carefully reviewing which sales to include and exclude, these are nothing more than weapons of mass financial destruction.

Appraisal 77

Appraisal Marketability 77

Appraisers Blog

AUGUST 7, 2024

The problem is that they are not putting in little to no effort to win over appraisers. Passive marketing doesn’t cut it. If they truly want people to join their organization they should be submitting articles to this site and other sites stating how many appraiser signups are required to actually get the ball rolling.

Appraisal 84

Appraisal Marketability 84

Appraisers Blog

JULY 24, 2024

Did they just admit their own review process and vetting of appraisers is deficient? On the appraiser sign up page. Remember when amc’s were to be required to refer to open market fee surveys? The appraiser is prohibited from being honest with borrowers about the appraisers own fee. link] [link] There it is.

Appraisal 69

Appraisal Marketability 69

Appraisers Blog

SEPTEMBER 12, 2024

I’ll research it and the market, spend a morning doing those things. I typically could have already had the appraisal finished but for their screwing around trying to “save” $25. Most sales are vastly overpriced relative to the competing market, typically anywhere from 10% to 40%. I’ll get a bid.

Compliance 98

Compliance Appraisal Marketability 98

Appraisers Blog

OCTOBER 13, 2024

Having multiple streams of income like appraising, real estate sales and even mortgage lending will allow independent appraiser to prosper in any market. 30 Years ago I gave up on trying to survive on one income as an appraiser.

Appraisal 81

Appraisal Marketability 81

Appraisers Blog

OCTOBER 30, 2024

The FHFA's expansion of appraisal waivers could have disastrous consequences, potentially undermining the integrity of the housing market.

Appraisal 72

Appraisal Marketability 72