AVMs, Price-Per-Square-Foot, & Appraisal Modernization…
As an appraiser, I’m not a big fan of automated valuation models (AVMs) in general. But, there is one property type where they really drop the ball. When pricing homes with basements or lower levels, the (AVMs) price-per-square-foot formulas are just inadequate....FDIC Slaps Appraisers & Consumers
The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve are proposing to eliminate the appraisal requirement on certain home sales of $400,000 and below, increasing the appraisal threshold...Anatomy of an Appraisal Fee
The Anatomy Of An Appraisal Fee Posted in the Buzz Newsletter by Thomas J. Inserra, MBA, MAI, SRA As the song goes, “…Should I stay or Should I Go?” Many appraisers are thinking about leaving the profession and many have already moved on. How much time does it take to...Help Stop Low Appraisals with Square Footage?
Help Stop Low Appraisals with Square Footage? YES… That’s right, accurate square footage can help stop low appraisals. Something as simple as measuring each house can keep you from losing a sale because of a low appraisal. Let’s face it, in most markets there...The Perfect Example – Square Footage Changes Home Value
MLS Square Footage Error – The Perfect...
For the next ten years I wrote one, knowing there were others like me who need a source to help them answer questions on measuring residential square footage. 100% money back guarantee. For agents, appraisers, assessors, insurance agents, builders, and anyone else who wants to know more about measuring and calculating square footage, the right way!