Residential & Commercial Real Estate Appraisal Blog
Impact of the 2021 Infrastructure Bill on Commercial Real Estate
On November 15, 2021, President Biden signed into law the Infrastructure Investment and Jobs Act (IIJA), which is commonly known as the “infrastructure bill.” This wide-ranging piece of legislation allots $1.2 million in spending to address the nation’s fragile...
5 Facts About Commercial Real Estate Appraisals
Whether you’re buying or selling a business, refinancing a loan, or taking out property insurance, chances are you’re going to first have to get your property appraised. Commercial real estate appraisals can be a nerve-wracking process, but they are a necessary part...
Get the Facts: 5 Home Appraisal Myths Debunked
The process of selling your home can be one of the most stressful experiences of your life, but many sellers tend to overlook one of the most stress-inducing steps: the home appraisal. Once you’ve placed your house up for sale and had someone accept your offer, you’re...
What is a Drive By Appraisal? The What, Why, Pros and Cons
Over the next few months, requests to get drive-appraisals done are bound to multiply, and this has a lot to do with a recent decision made by the U.S. Federal Reserve Bank. In March 2022, the Fed issued an interest rate increase that directly impacts home buyers and...
The “New Normal” in Real Estate Appraisals: What 2022 Will Look Like
2021 took us all on a wild ride in the real estate market, as home sales increased at a rate not seen in over a decade, and home values skyrocketing nearly 20% up from the previous year. The reason for these inflated values was most certainly due to the pandemic...
Where Home Appraisals Fit Into the Housing Market in 2022: 6 Things to Know
2021 saw unprecedented growth in the housing market as it skyrocketed alongside relentless buyer demand. This, however, led many to believe we were creating a housing bubble that would inevitably burst. Mortgage rates hit record lows—as did the inventory of homes for...
What is the Difference Between a BPO and a Home Appraisal?
When the alphabet soup of real estate valuation methods start heading your way, things might get a little confusing. AVM, CMA, BPO…oh my! While there are several processes to measure your home’s value, the two most common are a BPO (broker price opinion) and an...
Risky Business: 5 Risks Associated with Home Appraisals
Readers will recall that the so-called “great recession” of 2008 occurred when the United States housing bubble burst. Home prices imploded, homeowners began to abandon their mortgages, and the value of mortgage-backed securities held by investment banks plummeted....
Is an Appraisal Waiver a Good Idea: Know the Pros and Cons
Nobody likes red tape, so it is understandable that home buyers find an appraisal waiver enticing. After all, skipping the appraisal accelerates the buying process and allows you to start your new life in your new home sooner. Doing so does not come without risks,...
What Matters (and What Doesn’t) to a Home Appraiser
A home appraiser is a qualified professional who determines the value of your home based on criteria outlined in a “Uniform Residential Appraisal Report.” This guide helps them remain unbiased, and ensures all home appraisals are conducted according to the same...
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