When Should I Get an Estate Appraisal in Arizona? Settling an estate can be overwhelming, especially when real estate is involved. One of the most common questions we hear is: “When should I get an estate appraisal?” The answer depends on your role in the estate and what stage of the process you’re in. Key […]
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What Is a Date of Death Appraisal and How Does It Work?
What Is a Date of Death Appraisal and How Does It Work? When someone passes away and leaves real estate behind, a date of death appraisal is often required to establish the property’s fair market value as of the day they died. This valuation plays a crucial role in estate settlement, tax reporting, and ensuring […]
How Is a Divorce Appraisal Different from a Lender Appraisal?
If you’ve been asked to get a home appraisal during a divorce, you might assume it’s the same as a lender appraisal—but it’s not. A divorce appraisal vs lender appraisal involves different clients, reporting standards, and intended uses. Knowing those differences can help ensure you request the right type of report. A lender appraisal supports […]
Home Measurement
Home Measurement Some of the most common questions I get from real estate agents center around home measurement. Do we measure on the interior? What about individual rooms? How are basements or guest houses counted? There is a lot of misunderstanding of the process, and having bad information can cause problems in a real estate […]
Zillow Faces Lawsuits
Zillow Faces Lawsuits: According to an article in Crain’s Chicago Business, Zillow is under fire for misleading estimates on homes in Illinois. The homeowners claim that the inaccurately low values misleads potential buyers, who take the estimates as appraisals, even if Zillow claims they are not. Further, some sellers argue that a low estimate from […]
Appraisal Myths
Over at Realtor.com there is an interesting article about Appraisal Myths. Helping sellers (and buyers) understand what the appraisal is (and isn’t) can make your transactions go more smoothly. Read on: http://www.realtor.com/advice/sell/home-appraisal-myths
Are You Adding Value to Your Home?
Are You Adding Value to Your Home? This is an interesting read over at Investopedia about home improvements. Not all home improvements are adding value to your home. If your goal is a good return on investment, you may want to consider avoiding these six common home improvements. Read the article: Investopedia: 6 Things You Think […]
Is Dodd-Frank Soon to Go???
Big changes could be coming for the appraisal industry. Check out the latest from appraisersblog: Check out the post: click here.
Cost vs Value 2017
Cost vs Value 2017 One of the most frequent questions I get from home owners is about remodeling. “How much will value will be added to my home if I remodel the kitchen?” (or bath, or basement, etc.). The folks over at Remodeling Magazine publish an annual survey of Cost vs Value which estimates the […]
The Influence of Appraisal Management Companies
AMCs and the Appraisal Process There is an interesting article on www.appraiserblogs.com today regarding the influence Appraisal Management Companies (AMCs) have on the appraisal process. AMCs control the setting of fees and payment schedules. They determine which appraisers are chosen for which assignments. Some even go as far as to determine what is included the reports. […]