If you ask appraisers to provide examples of complex appraisal assignments, many will focus on commercial or mixed-use properties or two- to four-family properties. However, many single-family home appraisals are considered complex assignments. Below, we provide the definition of a complex property and dig…
In the past two blog posts in this series, I discussed the pros and cons of complex appraisal assignments and why today’s residential appraiser may want to consider specializing in “odd” or “atypical” assignments. In this post, I’ll give a few more examples of…
I’ve been teaching and writing courses for McKissock for 20 years. During that time, we’ve offered several courses on appraising “oddball” or “complex” properties. If you’ve never taken one of these courses, I strongly recommend that you do. Despite the rise of AVMs in…
Historic homes make for complex and interesting appraisal subjects. As one appraiser said, “I love unusual properties, and the challenge they present to appraise. I have always loved appraising large, older properties. They take us back to another world back in time.” We recently…
Green home features such as solar panels are becoming more and more prevalent in the market. For a variety of reasons (e.g., lack of comparable sales), green homes and their features can be particularly challenging for appraisers. To help you out, we’ve put together…
Property appraisals can be complex and challenging, to say the least. We recently asked five experienced appraisers to tell us about the most challenging appraisal assignments they’ve ever tackled. These professionals agree that difficult appraisal assignments are almost always worth taking since they broaden…
If you’ve been an appraiser long enough, chances are you have run into a few properties with no comparable sales available in the local market. Let’s dig into this property, for example. It’s a very old single-wide manufactured house with a large, “stick-built” addition. In…
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