Editor’s Note: These common errors to avoid are time-saving tips excerpted from the webinar Maximizing AMC Orders and Income presented by appraiser Bryan Knowlton and offered through OREP/Working RE Webinar Series.
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I have reviewed many appraisal reports where the appraiser performs the Cost Approach just because the client requests it, even though it is not considered a credible approach to the market value of the subject property. I see some of the same boilerplate statements in these reports, such as “due to the lack of…
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Editor’s Note: “Appraiser Coach” Dustin Harris says cutting the time it takes to appraise does not necessarily mean cutting corners-in fact, he says, there are ways to save time and increase quality.
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When a dissatisfied homeowner dashes off a complaint that is heated, insulting, inaccurate or not very well thought-through- maybe just a belligerent phone call, it is human nature for us to take it less seriously and to want to respond in kind: garbage in, garbage out. But that’s a mistake. No matter how…
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The home inspector’s relationship with the real estate agent is a topic often discussed among home inspectors and agents. Some home inspectors tout strong relationships with real estate associations and agents as the best way to grow an inspection business. Others say the reliance of the home inspector on agent-referrals is a key problem when…
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Frustrated with low-ball Appraisal Management Company (AMC) fees, appraisers are digging in, many refusing to work for less, some calling for a national strike to prove their point, but there may be a better way, such as knowing what appraisal services are worth in your market and demanding it. New regulations requiring fair pay for…
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Mold Inspectors: Proceed with Caution! by Jeff Jeffrey Deuitch If you are inspecting for mold and promoting yourself as a certified professional after completing only limited training/education, you may want to proceed with caution. Most states have no regulation or licensing of mold professionals. The increasing demand for mold professionals has led to the birth...…
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Editor’s Note: Unless you can distinguish why you’re worth more, you will always compete on price. This story is written for real estate agents but there is much to consider for appraisers.
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Decrease Time and Liability during the FHA Loan Process By Lore DeAstra, MBA, SRA, CDEI, CTM Over the past year, the United States has encountered one of the most volatile housing markets in history. After the collapse of Fannie Mae and Freddie Mac in 2008, the Federal Housing Administration (FHA)[1] has insured more than 25 percent...…
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Editor’s Note: As we are learning- appraisal reports are being sliced, diced and in some cases, plundered. This new solution promises to secure your reports and preserve your identity.
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