It can be said that housing prices determine affordability, but it is also true that affordability can drive prices, and prices in turn can drive value. Due to rising interest rates, many potential home buyers are currently unable to qualify to buy the properties…
Top earners in the real estate appraisal profession are those who consistently bring in new clients. If you’re looking to earn more referrals and repeat business, a great place to start is by fostering good relationships with your appraisal customers. To help you out,…
Here at McKissock, our Unlimited Learning Members enjoy 24/7 access to a wide variety of online resources for real estate appraisers. These include top-rated appraisal job aids, checklists, classes, webinars, and more. Below is a list of the most popular and highly-rated job aids…
When you are comparing like properties, pulling comps isn’t all that difficult. However, when it comes to atypical properties, the process becomes much more challenging. Experts almost always recommend that appraisers use an “apples to apples” approach when researching comps, but what do you…
Highest and Best Use is sometimes overlooked by appraisers. It is the reasonable, probable, and legal use of vacant land or an improved property. Property, as developed, is considered its Highest and Best Use until the land value is higher without improvements. Here’s a…
As a real estate appraiser, you know that time is money. Are you looking for simple ways to speed up your process so that you can complete more assignments, reduce your turnaround time, and earn more income? We recently asked our Facebook community, “What…
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide array of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow…
Do you find AMCs to be challenging? If so, you’re not alone. According to NAR Research Group’s 2022 Appraisal Survey, 54% of surveyed appraisers reported that appraisal management companies (AMCs) have been among their biggest challenges in their businesses during the past year. So,…
Perhaps one of the most challenging situations a residential appraiser can encounter in their daily practice is a subject property that has an accessory dwelling unit (ADU). Whether it is called a guesthouse, an in-law’s quarters, a casita, or something else, there are many…
An extraordinary assumption is something that the appraiser assumes to be true but has no way of knowing. An extraordinary assumption involves uncertainty, as it may or may not be true. If the assumption were found to be false, it could affect the appraiser’s…
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