‘Appraiser’s Guide’ Posts

 

Common Appraisal Errors – Part 1

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Having a report that complies with USPAP, state, and client conditions is not simply a client expectation, but an essential component to every appraiser’s practice: appraisers, after all, are the individuals to which the standards directly apply. Consequently, appraisers are directly in the cross-hairs for state sanctions if deficiencies are discovered. … This article was […]

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Process, application, and communication of regression modeling in valuing real estate

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Regression software has become more and more a part of developing real estate property value opinions. As a result, it is paramount to understand the differences in tools available, and the elements of the regression process that are necessary for the valuer to understand and to disclose in a report. While guidance is available related […]

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TRID v Customary and Reasonable Fees

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This past week, I had the opportunity to discuss TRID with appraisers, lenders, and AMCs when I attended and spoke at the Appraisal Summit and Expo (http://www.appraisalsummit.net). Clearly, there are misunderstandings of this lender disclosure rule. A few basics about the TRID rule (TILA RESPA Integrated Disclosure): The lender must disclose the appraisal fee to […]

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Difference between an Appraised Value, Market Value, and Assessed Value of a house

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When I talk with people about what my home is worth, people use a lot of different terms. What is the difference between an appraised value, listing price, market value, and assessed value of a house? And why is the assessor’s value of my house so different than actual sale prices I’ve seen in my […]

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Follow-up to Valuation Expo 2014 Presentation

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A big “Thanks” to Joan Trice and the Allterra Group for holding another great Valuation Expo. This year was the 15-year anniversary and the Expo did not disappoint!   I had the opportunity to speak at the recent Valuation Expo held in Las Vegas. My talk was called “Everyday Compliance Items and Your Appraisal Business” […]

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