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…
Want to know which resources are favorite right now among your fellow appraisers? McKissock’s Unlimited Learning Members enjoy full access to a vast array of online appraisal classes, videos, and tools. Here are some of the most highly-rated resources among our appraisal membership community…
There’s a lot of confusion around the appraiser’s role in a real estate transaction. Many people don’t understand what an appraisal is or what an appraiser does. This has lead to a number of myths surrounding the profession. We recently asked our appraisal community,…
Is your dad or grandfather a real estate appraiser? When you’re out shopping for Father’s Day gifts this year, keep in mind that property appraisers tend to work long hours, spend lots of time in the car, and many of them own their own…
I recently received an email from a student asking about the FHA requirements of HUD Handbook 4000.1. Specifically, the student wanted to know if FHA still automatically requires a cost approach on houses that are less than one year old, and also if FHA…
In an appraisal assignment, a hypothetical condition is used when a property is appraised under a condition that is contrary to what is known by the appraiser to exist on the effective date of the assignment results. If a hypothetical condition is not properly…
Did you know that appraisers who stay up-to-date on the latest industry news, trends, and best practices earn more money? Luckily, there are plenty of excellent blogs where you can find relevant info, tips, and trends related to the appraisal profession. Here are nine…
In an appraisal assignment, an extraordinary assumption is employed to presume certain unknown information as fact. An extraordinary assumption is related to a specific assignment, and takes information that is unknown as of the effective date of the assignment results and assumes it to…
Desktop appraisal software, and related products and services, continue to gain sophistication, integration, and comprehensiveness. While desktop appraisals will never entirely supplant appraisals that include a personal visit to the property, they have in many cases made that type of appraisal unnecessary. Indeed, appraisers…
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