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Posts Categorized: Appraisal

Agents: Can Property Management Become an Income Stream for You?

Appraisal, General Real Estate

Beth Sigg Northwest Real Estate Services   Now that you have your real estate license and are busy with buyers and sellers, you’re inevitably asked to locate rentals for clients, or find tenants for landlords! Should this become part of your toolbelt of services? First, let’s talk about supply and demand. Selling real estate is… Read more

RFR’s – The Long-Term Benefits to Multi-Family Investors and Owners

Appraisal, General Real Estate

John Tomblin Sofvue.com, OfficeAtlas.com, AirwestDrones.com   One of the most misunderstood and often overlooked conditions of owning a small income property is the Reserves for Replacements (RFR’s), or what is sometimes referred to as “Replacement Reserves.” In commercial real estate transactions, replacement reserves are often mandatory and added to proformas for lending purposes. The purpose… Read more

Myths About Real Estate Appraisals

Appraisal, Market Forecast

Beth Sigg Northwest Real Estate Services   If you are a real estate agent, understanding the basics and nuances of appraisals will help you close more transactions with very few “blips” along the way. And if you’re a consumer who owns real estate, you may encounter the appraisal process as a part of obtaining a… Read more

APPRAISING A LUXURY HOME: DETERMINING VALUE WHEN THERE ARE NO COMPS

Appraisal

John Tomblin Sofvue.com, OfficeAtlas.com, AirwestDrones.com   Appraisers have numerous valuation tools in their cache when it comes to appraising homes. These include the “Sales Comparison Approach,” the “Income Approach,” and the “Cost Approach.” For most residential appraisals, the Sales Comparison Approach is the most widely accepted and reliable indicator of value. But what does an… Read more

Arizona Real Estate Appraisals

Appraisal, Industry News

Debra Rudd Manager, Real Estate Appraisal Division Arizona Department of Financial Institutions   We live in a time of immediate results. If we are unable to obtain the answers to questions instantaneously, we work on ways to speed up the process. An example of this pertains to real estate appraisals and the recent attempt from… Read more

Should You Appeal A Home Appraisal

Appraisal

Jay Joseph Owner, Josephs Appraisal Group, Inc.   How often have we heard – the appraisal came in below the contract price? The “comps” were “terrible” or the adjustments were “ridiculous?” The appraiser didn’t give the home owners credit for their beautiful new, green carpet, etc.? My question: was an appeal filed? Sometimes the answer… Read more

FHA Extends Date for New Single-Family Housing Policy Handbook

Appraisal, Industry News

Written by: Roy Morris Professional Valuation Services Appraisal Educator, Arizona School of Real Estate & Business   The revised FHA Single Family Housing Policy Handbook (SF Handbook; HUD Handbook 4000.1) that was targeted to be implemented on June 15, 2015 has been extended 90 days to September 14, 2015. FHA stated that the extension was… Read more

The Appraisal World

Appraisal

By Jeremy Johnson   There are aspects of appraisal that many people in the real estate industry may not be aware of or recognize. Real estate appraisers utilize many skills: personal, math and even detective skills. Appraisal is considered a mastery – a trained skill that is mastered over time. After completing the necessary education… Read more

Are Appraisers Reporters or Creators? How Agents Can Prepare For an Appraisal

Appraisal

By Robert Oglesby   The valuation process to most people outside of the appraisal world is somewhat puzzling.  Often times, a real estate agent will hand an appraiser a Competitive Market Analysis (CMA) and indicate “this is how I came up with my price.” The process is much more intricate than that. The valuation process… Read more

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