Understanding The Appraisal Part 3: The Cost Approach
Understanding The Appraisal Part 3: The Cost Approach
A Closer Look At The Cost Approach There are three approaches to value that can be used in a residential appraisal. They are the sales comparison approach, the income approach, and the cost approach. Today I will be explaining the cost approach to value. This approach is not given as much attention as the sales […]
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A Closer Look At The Cost Approach There are three approaches to value that can be used in a residential appraisal. They are the sales comparison approach, the income approach, and the cost approach. Today I will be explaining the cost approach to value. This approach is not given as much attention as the sales […]
The post Understanding The Appraisal Part 3: The Cost Approach appeared first on Birmingham Appraisal Blog.
Related posts:
Anatomy of a Sales Comparable
If you need a speaker at...
A Closer Look At The Cost Approach There are three approaches to value that can be used in a residential appraisal. They are the sales comparison approach, the income approach, and the cost approach. Today I will be explaining the cost approach to value. This approach is not given as much attention as the sales […]
The post Understanding The Appraisal Part 3: The Cost Approach appeared first on Birmingham Appraisal Blog.
Related posts:
Anatomy of a Sales Comparable
If you need a speaker at...
Understanding The Adjusted Sale Price of Comparables I’m kicking off a short series to help readers of an appraisal report understand what they are looking at. It seems sometimes that the only two things that most people are concerned about with an appraisal are how fast can you get it to them and what is […]
The post Understanding The Appraisal Part 1: What is “Adjusted sale price of comparables”? appeared first on Birmingham Appraisal Blog.
Related posts:
If you need a speaker at yo...
Understanding The Adjusted Sale Price of Comparables I’m kicking off a short series to help readers of an appraisal report understand what they are looking at. It seems sometimes that the only two things that most people are concerned about with an appraisal are how fast can you get it to them and what is […]
The post Understanding The Appraisal Part 1: What is “Adjusted sale price of comparables”? appeared first on Birmingham Appraisal Blog.
Related posts:
If you need a speaker at yo...
With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process.
The post Opinion: A unified approach for reducing appraisal bias appeared first on HousingWire.
With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process.
The post Opinion: A unified approach for reducing appraisal bias appeared first on HousingWire.
What to Do When Your Appraisal Is Under Review Excerpt: Topics:
Remember that reviewers are on your side
Look out for these common points of contention
“The number one mistake is that the appraiser did not include the lender’s specific report requirements,” Nakashima confirms. “Often, the appraiser will not read the lender’s requirements—and if those requirements are not in the report, it cannot be delivered, or the lender will send it back.
Avoid future revision requests
“You ...
What to Do When Your Appraisal Is Under Review Excerpt: Topics:
Remember that reviewers are on your side
Look out for these common points of contention
“The number one mistake is that the appraiser did not include the lender’s specific report requirements,” Nakashima confirms. “Often, the appraiser will not read the lender’s requirements—and if those requirements are not in the report, it cannot be delivered, or the lender will send it back.
Avoid future revision requests
“You ...
Every business that owns a commercial property will require an appraisal. Commercial real estate transactions are the most common. Commercial real estate appraisals are necessary when acquiring or selling a commercial building. As with home appraisals, commercial property appraisals offer unbiased, third-party insight into their value. In contrast to residential properties such as single-family houses or condominiums, commercial appraisals estimate the value of stores, offices, hotels, apartment...
Every business that owns a commercial property will require an appraisal. Commercial real estate transactions are the most common. Commercial real estate appraisals are necessary when acquiring or selling a commercial building. As with home appraisals, commercial property appraisals offer unbiased, third-party insight into their value. In contrast to residential properties such as single-family houses or condominiums, commercial appraisals estimate the value of stores, offices, hotels, apartment...
It was March 28th, 2018 that I wrote my very first blog post entitled “What’s not in your wallet?” where I went into great detail about how Appraisal Management Companies or AMCs get paid and how the consumer is not aware of the fact that the AMC is taking much of the fee while finding the cheapest and fastest appraiser. In that blog post, I gave many examples of the abuse appraisers and consumers are absorbing by these Appraisal Management Companies. How one borrower back then was charge...
It was March 28th, 2018 that I wrote my very first blog post entitled “What’s not in your wallet?” where I went into great detail about how Appraisal Management Companies or AMCs get paid and how the consumer is not aware of the fact that the AMC is taking much of the fee while finding the cheapest and fastest appraiser. In that blog post, I gave many examples of the abuse appraisers and consumers are absorbing by these Appraisal Management Companies. How one borrower back then was charge...
You may have heard the term before but may still be asking yourself “what is probate and what is a probate appraisal?” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. If this does not happen then the wishes of the person leaving the will and the legal requirements for the estate may not be met. A probate appraisal is typically required by the court and is used to help settle the estate. The appraisal he...
You may have heard the term before but may still be asking yourself “what is probate and what is a probate appraisal?” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. If this does not happen then the wishes of the person leaving the will and the legal requirements for the estate may not be met. A probate appraisal is typically required by the court and is used to help settle the estate. The appraisal he...
Freddie Mac now allows remote inspections on some refinances, but remains to be seen if they will reduce racial bias, a key GSE policy goal.
The post The hybrid appraisal is here. Who benefits? appeared first on HousingWire.
Freddie Mac now allows remote inspections on some refinances, but remains to be seen if they will reduce racial bias, a key GSE policy goal.
The post The hybrid appraisal is here. Who benefits? appeared first on HousingWire.
The numbers are falling, the numbers are falling! When that happens, for buyers, sellers and agents it certainly seems like the sky is falling too. With inventory scarce and sellers getting their pick of the offers, a botched appraisal can take a deal permanently off your books and send your cients into orbit! What's the best defense against this potential mess? As always, its a great offense! We have 20 strategies designed to help you assess if the appraisal is going to be a menace and how to...
The numbers are falling, the numbers are falling! When that happens, for buyers, sellers and agents it certainly seems like the sky is falling too. With inventory scarce and sellers getting their pick of the offers, a botched appraisal can take a deal permanently off your books and send your cients into orbit! What's the best defense against this potential mess? As always, its a great offense! We have 20 strategies designed to help you assess if the appraisal is going to be a menace and how to...
It may be possible to refinance without an appraisal, but only if you meet certain requirements. Learn about appraisal waivers and no-appraisal refinancing.
It may be possible to refinance without an appraisal, but only if you meet certain requirements. Learn about appraisal waivers and no-appraisal refinancing.