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Veteran agents/brokers weigh in on an ongoing debate: should real estate agents attend the home inspection? The answers vary. Some real estate professionals believe that the home inspector should be alone, while others argue for various combinations of the buyer, the buyer’s agent, the seller, and the seller’s agent.
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Chart – Proving Appraisal Adjustments Sales Price List Price Difference Sq Footage $ per Sq’ Lot size Yr built DOM Sold Date Sale Type 1 $154,900 $154,900 0 2284 $68 .16 ac 1991 9 18-Dec REO 2 $155,000 $179,000 ($24,000) 2363 $66 .17 ac 1988 130 25-Nov REO 3 $156,000 $148,900 $7,100 2150 $73…
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Proving Appraisal Adjustments By Beverly A Bayer, SRA – Mvappraiser@yahoo.com When I began appraising, I asked my mentor what adjustments to use- he said, “Figure it out for yourself.” So I did. Here’s what I learned. When my mentor left the office, I studied his appraisals and began using his adjustments. Many years later, I…
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Events Leading to the Use of the Cost Segregation Study by Guy P. Reese, MAI and Kevin Cavasos, CMI Component depreciation in various forms was permitted by IRS for measuring depreciation until the establishment of the Modified Accelerated Cost Recovery System (MACRS) by the Tax Reform Act of 1986. Under MACRS, assets are grouped into…
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Editor’s Note: Kenneth W. Brown, SRA wants you to work the system- in a good way. Appraisers- Working the System By David Brauner, Editor Kenneth W. Brown, SRA wants you to work the system- in a good way. Here’s what he means. Brown, appraising since 1991, is sending and posting the following message (below) to…
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Editor’s Note: A desktop appraisal product introduced last month is the subject of concern among many Working RE readers and OREP.org members. Below is guidance issued by the North Carolina Appraisal Board. AMC-Desktop Product: USPAP Compliant? By David Brauner, Editor A new desktop product from a large, national appraisal management company (AMC) is drawing questions...…
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IndyMac – What Goes Around Comes Around By David Brauner, WRE Editor Not to kick a fella when he’s down, but following the collapse of IndyMac Bank last week, we received an email from a “blacklisted” appraiser that got us thinking. This appraiser, who wishes to remain anonymous, is one of several who told us…
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Editor’s Note: Appraising in a real estate collapse poses its problems. Seasoned appraiser Matt Cook, provides some guidance. Using Distressed Sales By Matt Cook If you’re having trouble appraising in a market where distressed properties dominate, you’re not alone. Recently, an appraiser stated in a post that the market for a particular residential assignment included…
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