New construction is treated a little differently by lenders, FHA, and the GSEs. As you appraise these properties, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. It requires more work, so you want to be sure that…
Would you like to know which learning tools are popular right now among real estate appraisers? McKissock’s Unlimited Learning Members enjoy full access to a wide array of online appraisal classes, checklists, whitepapers, videos, infographics, and other resources. Here, we highlight some of the…
If you’ve been in the appraisal business for a while, chances are, you’ve come across some unexpected or funny things during property visits. We recently asked our real estate appraisal community on Facebook, “What’s the FUNNIEST thing you’ve encountered during an on-site appraisal inspection?”…
Real estate appraisers are no strangers to work stress. Many own their own businesses and work for themselves from home—which has its upsides and downsides. Appraisers sometimes complain of working long hours, struggling with time management, or feeling overwhelmed by too many tasks. If…
We often receive questions from appraisers regarding Fannie Mae and the cost approach. For example: “I’m appraising a property and have been instructed to comply with Fannie Mae guidelines. I understand that Fannie Mae requires the sales comparison approach, but what if there aren’t…
We’re just over halfway through 2019. Have you met your professional development goals for this year? Which property appraisal skills are at the top of your list to sharpen by 2020? We recently asked our appraisal community, “What appraisal skill would you MOST like…
The JURISDICTIONAL EXCEPTION RULE is intended as a “saving clause” which preserves the balance of USPAP if a specific law or regulation precludes compliance with a part or parts of USPAP. In an appraisal assignment, if a law precludes you from complying with one…
Every self-employed appraiser knows that working for yourself has its upsides and downsides. When facing the less appealing aspects of self-employment, it helps to have a sense of humor. Here are several funny quotes that we hope will lighten up your workday and give…
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…
Looking for ways to grow your appraisal business? Non lender appraisal work offers an opportunity to diversify your client list and expand your workload. But before you dive in head first, you should know the key differences between mortgage lending assignments vs. non lending…
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