Access appraisal tips, trends and other information to grow your career.
As an appraiser, you’re paid for your local market analysis and expertise, not for your data entry skills. It may seem tempting to complete a task yourself because “it only takes a second,” but seemingly small amounts of time add up quickly. An assistant…
When it comes to appraisal violations, certain minor violations are very common. In this article, I outline several examples of less serious breaches of development STANDARD 1 and reporting STANDARD 2—and a few other types of violations, too. I have compiled these based on…
Rising interest rates, a slowdown in home purchases, and consolidation of the lending industry comprise the three predicted events most likely to affect the appraisal business in 2019. But while home sales may slow or stagnate, appraisers can still profit from the proliferation of…
The U.S. housing market value rose to a whopping total of $33.3 trillion in 2018. Software company CoreLogic will sharpen its focus on appraisals beginning this year. A recent survey shows that Gen-Xers and older Millennials would rather invest in stocks vs. real estate.…
Developing an appraisal specialty is one way to boost your business and stay competitive in today’s world. We recently asked our appraisal community, “What new appraisal niche or specialty would you like to break into?” Below, we share the results regarding which specialty areas…
Looking to diversify your appraisal business? Taking on non-lender assignments like divorce and estate appraisals may be a great way to bring in different types of clients. Perhaps you already understand the details and intricacies of divorce and estate appraisals, and you’re ready to…
More and more people are building new high performance homes and upgrading existing homes to combat rising energy costs and climate change. Appraisers who can market themselves as “green appraisers” will be in high demand so that these properties can be properly valued given…
TED talks illuminate and expand on the big ideas in our society. Their annual conference and spin-off events bring together many of the world’s preeminent technology, entertainment, and design professionals to share and discuss the great issues of our time. Real estate sits on…
As a professional appraiser, you don’t want to have a disciplinary complaint filed against you, and you certainly don’t want to be the subject of a complaint that results in disciplinary action. So, how can you prevent these undesirable consequences? Here are several do’s…
Earlier this week, Fannie Mae issued a new edition of its Appraiser Update e-newsletter; this edition was titled Special Edition for Rural Appraisal. The newsletter covers several topics of interest to rural appraisers, including a summary of recent changes to Fannie Mae’s policies, information…
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