Real estate agents price properties and real property appraisers value them. Is there a difference between pricing vs. valuing? I discuss some of the differences in this article.
Category: Helpful for Appraisers
Was This Home Overimproved or Underimproved?
When valuing real property, appraisers must consider characteristics the typical buyer expects a property to offer. In this article I discuss how the same home could be considered to be overimproved or underimproved depending on what prospective buyers are looking for.
Attracting More Appraisal Business
https://open.spotify.com/episode/3wtSRjvsqLDN6PapZBGtW5 Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. So what can we do? Half my work is non-lending work, and that’s been a blessing. Mortgage lending work is… Continue reading Attracting More Appraisal Business