What Would Happen if There Were No Appraisers?

Will Appraisers Be Replaced? Over the last several years appraisers have been faced with the threat of being replaced by computers and big data. We’ve all read the buggy whip analogies that illustrate the point that if we do not adapt to new technologies and processes we will see the demise of our industry. I […]

How Do Appraisers Calculate Price Per Square Foot?

Think You Understand Price Per Square foot? Have you ever wondered how appraisers calculate the price per square foot of a home? If so, then I hope you’ll keep reading because I would like to clear up some confusion about how to calculate this popular metric and share my thoughts on how much importance we […]

How Many Comps Are Required In An Appraisal?

What Are Comps? As you may or may not know comps are short for “comparables“. Sales comparables are recently sold, listed, or contracted properties that would be a good substitute for the subject property being appraised. Comps are used in the sales comparison approach to value. This approach is one of three that is traditionally […]

Is a Pre-listing Appraisal Still a Good Idea?

Should I Get a Pre-listing Appraisal? I recently ran across an article where a homeowner was asking a real estate agent whether they should get a pre-listing appraisal on their home prior to selling. The answer the agent gave interested me because it contained numerous errors and misunderstandings about appraising and appraisals. I have been […]

Who Is The Mortgage Appraisal Meant For?

Who owns the mortgage appraisal? There can be some confusion about who owns the mortgage appraisal and who it is meant for in a home purchase transaction so I thought we’d discuss this topic today. If you are purchasing a home you will want to read this because most people do not understand how the […]

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