There is only so much work that one appraiser can do in one day. If you’re ready to take your business to the next level, hiring an appraisal assistant can save time and enable you to complete more reports every month. An assistant or…
On August 29, Freddie Mac released Bulletin 2018-13 which officially confirmed what almost everyone had already suspected—they are following Fannie Mae’s lead in eliminating the requirement for appraisers to include the 1004MC (Freddie Mac Form 71) as an attachment to appraisal reports. In…
What are the essential tools and equipment to bring along when completing an on-site appraisal inspection? Recently we asked our Facebook community, “What one thing do appraisers need to have in their cars at all times?” It turns out people have varying opinions on…
Whether you’re retiring and moving into a home that’s better suited to the 55-plus lifestyle, or you’re appraising a residence of that sort, it’s a good idea to get acquainted with the product. The senior housing segment of the real estate market is evolving…
The appraiser population is getting older. According to a recent survey by McKissock, 42 percent of appraisers in the U.S. are planning to retire in the next 10 years. Whether or not you’re among that population currently planning for retirement, it never hurts to…
A real estate professional who is helping a client with inheriting real estate should provide advice on how to determine the value of the property and how to dispose of it promptly—so that the process will run as smoothly and quickly as possible.
There’s often confusion around what is an appraisal and what isn’t. Let’s all agree right from the start: a standardized form like the Fannie Mae 1004/Freddie Mac Form 70 used by the mortgage industry is not an appraisal. The appraisal is the process that…
In order to build your business and enhance the reputation of your appraisal firm, it’s going to take more than just advertising your services. The top five best business practices outlined below are excellent ways to help strengthen and grow your appraisal business over…
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