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 91

Comps Marketability Appraisal 91

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 91

Comps Marketability Appraisal 91

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 91

Comps Marketability Appraisal 91

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 91

Comps Marketability Appraisal 91

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

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 91

Comps Marketability Appraisal 91

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 91

Comps Marketability Appraisal 91

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 91

Comps Marketability Appraisal 91

Appraisers Blog

JUNE 12, 2023

The market flows and ebbs on many basis’s: Financial wherein the lender need to secure monies in R.E., Can’t the appraiser recognize that using two-year-old sales comp’s have meaning and be part of the value conclusion? In reply to Baggins. You get it! Did it close in 45 days or in ten months?

Appraisal 97

Appraisal Comps Marketability 97

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 89

Comps Marketability Appraisal 89

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 89

Comps Marketability Appraisal 89

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 91

Comps Marketability Appraisal 91

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 89

Comps Marketability Appraisal 89

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 86

Comps Marketability Appraisal 86

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 86

Comps Marketability Appraisal 86

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 86

Comps Marketability Appraisal 86

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

MARCH 7, 2022

The study also shows the appraisal was the LOWEST scored item on the list of discriminatory practices… On February 23, 2022, NAR published the “2022 Snapshot of Race and Home Buying in America” report. The study examines homeownership trends and challenges by race and location to explain current racial disparities in the housing market.

Comps 111

Comps Appraisal Marketability 111

Appraisers Blog

APRIL 18, 2024

This is going to be the market for sometime, of which I do agree with you. 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.

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

FEBRUARY 6, 2025

Just got an email from a lender asking me to search for comps and report results prior to any appraisal being ordered. I thought THEY were supposed to stop doing that. I’m just getting over a bad case of the flu. Maybe I’m hallucinating. Never mind.

Comps 86

Comps Marketability Appraisal 86

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 98

Appraisal Comps Business Valuation Marketability 98

Appraisers Blog

AUGUST 4, 2023

Definitely not an appraiser or real estate expert. No one has seen the second appraisal. I saw the most important parts of the first appraisal and ran comps. The first appraisal looks like market value to me. In reply to hammering hank. No one can make that statement. ” 2

Appraisal 75

Appraisal Comps Marketability 75

Appraisers Blog

JANUARY 5, 2024

Because we refuse to sign off on their inflated figures which don’t comp in the market. It’s a miracle with some of these lackluster methods that agents even come close to market value figures. Bpo’s are a totally inadequate substitute for a real appraisal, even a desktop.

Appraisal 75

Appraisal Comps Marketability 75

Appraisers Blog

JULY 19, 2024

A few years ago I put out a poll to appraisers that work in my area and similar areas asking 3 questions with the possible answer of always/sometimes/never Q1 – do you pull the as built and OSS data prior to your site observation of the property? I work in an area where onsite sewage systems (OSSs) are common.

Appraisal 98

Appraisal Comps 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

JUNE 2, 2023

Initially they had to sift out the unethical appraisers from the ethical ones, in a climate where ethical appraisers dominated the field. Appraisers whom were identified as not being pliable were hassled out with insane volumes of stipulations, revision requests, fee and turn time inquiries, to the point engagement was untenable.

Appraisal 98

Appraisal Comps Marketability 98

Appraisers Blog

JUNE 18, 2024

Or we could go back to mortgage bankers and appraisers having direct communication and meaningful professional relationships, better two way accountability. They could ask for a comp search before ordering the appraisal, so the borrower would know ahead of time a reasonable value range of their property’s market value.

Comps 96

Comps Appraisal Technology Marketability 96

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 71

Comps Marketability Appraisal 71

Appraisers Blog

APRIL 1, 2024

From the article; Because AI appraisers are trained on data originally sourced by humans—not all of which is unbiased—there’s the potential for the AI to work from flawed data. The ‘not all of which is unbiased’ comes from the FHFA and HUD’s Auto De Fe inquiry into prohibited language in appraisal reports.

Appraisal 95

Appraisal Comps Marketability Technology 95

Appraisers Blog

JULY 27, 2023

Also each comp. Giving into the power grabber’s NEWSPEAK practices is destructive to our profession, market participants and our country. I only do narrative – non-lender reports – each stating which school district a property is in. write-up states its school district. School districts affect value.

Appraisal 96

Appraisal Comps Marketability 96

Appraisers Blog

MAY 3, 2024

As a Sr Residential Collateral Risk Analyst for HSB we would review any ROV request that came through before passing it on to the appraiser. I was able to address the concern(s) or ROV comps much of the time and the ROV would be rejected as unsubstantiated. The appraiser would never see it. Emphasis on “should” 1

Comps 93

Comps Appraisal Marketability 93

Appraisers Blog

MAY 15, 2023

Just a little extra added on top of what was already a very difficult to navigate system which is inherently biased against the independent appraiser. Simply comp search everything, and refuse to accept assignments if terms of the arrangement are either too close or simply not working. After all, not much has changed.

Appraisal 75

Appraisal Comps Marketability 75

Appraisers Blog

JUNE 15, 2023

There is an appraiser around me whom always uses 9-12 comps and then just scoots the ones which have narrower net/gross adjustments to the front, yet leaves the others in there, despite them having insane high net/gross adjusts and adjusted sales values which are at times a quarter or more difference. They’re like anti comps.

Comps 75

Comps Appraisal Marketability 75

Appraisers Blog

APRIL 23, 2024

The comment was written after an underwriter expressed concern regarding a comp that was outside the neighborhood (by way of its census tract) and that no neighborhood adjustment adjustment was applied. With permission from the original author, please feel free to use the below comment as is or edit to your liking.

Comps 97

Comps Appraisal Marketability 97

Appraisers Blog

AUGUST 8, 2023

In reply to an appraiser. On the same day, oh, now the appraiser is just a number hitter and playing ball for the lender. Appropriate to land at or near the sale price if competent comps selection and fair transparent adjustments can lead to that end point of independent conclusion. Really quite simple though.

Comps 98

Comps Appraisal Marketability 98

Appraisers Blog

OCTOBER 20, 2023

I’m a Certified General Appraiser that started appraising in 1984, almost 40 years ago! Spent the majority of my career appraising both residential and commercial properties in a major metropolitan market. Like most of you, I really enjoyed appraising and was proud of my profession.

Comps 75

Comps Appraisal Marketability Banking 75

Appraisers Blog

JUNE 26, 2023

Appraisal is in the end, a rather simplistic math problem. Those generic appraisals are easy reads, they just ignore all those real world differences and fall back on extracted data to apply adjustments. But for an average suburbia home, appraisal is not as complicated as people think. That’s how I approach it anyways.

Comps 98

Comps Appraisal Marketability 98