Appraisal News and Business Tips

Appraisal Today Newsletter – Recent Issues -Table of Contents

List of articles by month

June 2017

  • Appraisal Today newsletter 25th Anniversary!! Changes over the past 25 years. What a wild ride it has been!! – Page 1
  • Survival for the residential appraiser: How I learned to stop working and love the AVM that put me out of business!  By Barry Bates – Page 8

May 2017

  • Fannie fiction and Fact: comp selection, adjustments, market conditions, appraisal resubmissions, and lots more info, including AQM and Risk Scores – Page 1
  • Fannie Mae  allows trainees – will it make a difference?   By Alan F. Simmons, SRPA – Page 5
  • The cutting edge and user friendly way to schedule hope appraisals – are you ready? – Page 7
  • Appraisal Today? No Appraisal Tomorrow? By Barry Bates – Page 8

April 2017

  • Residential Cost Approach Part2 – Reconciliation, obsolescence, sample comments – Page 1
  • How to get FREE Google listing near the top of search! No website           required – Page 5
  • Get started in attorney work by doing divorce appraisals – much higher fees,    etc. – Page 6
  • Why does regression Not Work? – Page 10
  • Is there really an appraiser shortage today? – Page 12

March 2017

  • Residential Cost Approach: complying with USPAP when lenders require the Cost Approach – Page 1
  • How to get started in commercial appraising: 5+unit apts. High fees, no       AMC’s – Page 6
  • Appraiser surveys: blacklisting, regs/enforcement, background checks pressure, etc. – Page 10
  • Loan application graph from 2013 to today – Page 12

February 2017

  • Seeing the forest through the trees. Look at your adjusted comp sales price    range – Page 1
  • Residential Highest and Best Use Analysis: more than just a “check box – Page 3
  • Fee and turn time surveys – appraiser vs. lenders – Page 10
  • Mortgage volume changes graph – Page 12

 

January 2017

  • Is the New AMC business model broken? – Page 1
  • New Year’s resolutions for 2017. Set goals for 2017 and how you will accomplish     them –Page 8
  • Meet the New Boss – CU. Practical advice from a lender reviewer – Page 10
  • What’s up in technology – Page 13

December 2016

  • 2016 year-end tax planning for appraisers.   What you can do now to save money on your 2016 taxes!! – Page 1
  • Marketing with holiday gifts and cards. An Easy and Most Excellent marketing tool – Page 5
  • Practical tips for dealing with complex residential appraisals – Page8

November  2016

  • How appraisers get into trouble using email , social media, online postings, face-to-face conversations, etc. Is there any communication that is private?  – Page 1
  • State Appraisal Boards: Appraiser Discipline and E & O Insurance – Page 7
  • Want to do appraisals for lenders, but not for AMCs? Private money lending – no UAD, CE, computer “reviewers” or being treated like you know nothing – Page 9
  • Fannie’s Property Inspection Waiver (no appraisal) available December 10, 2016 What does that mean for you? – Page 13

 

October  2016

  • Fees are going way up!! How to get higher appraisal fees during this boom      time –Page 1
  • USPAP 2017-2019 2nd Exposure Draft – what has changed? – Page 10
  • Pro Camera 9 – a great app for appraisers – $4.99 – Page14

 

September  2016

  • AMCs tell all to residential appraisers – Page 1
  • Real Estate Damages, 3rd Edition, an excellent book – Page 4
  • The Art of Appraising-what Big Data and Analysis misses and what it means to you – Page 6
  • GLA adjustments using cost per square foot method – understandable and easy to use – Page 8

August  2016

  • Will Collateral Underwriter destroy residential lend appraising? – Page 1
  • Manage multiple appraisal deadlines to increase your productivity by Doug Smith, SRA, AI-RRS – Page 6
  • Two reasons why appraisers should not use statistics by George Dell, MAI, SRA, ASA – Page 9
  • Who’s on your approved client list and why? – Page 10
  • Client Rating Grid – Page 14

July      2016

  • Who are your most and least profitable clients? Look at how much you make per hour, not just the fee – Page 1
  • Sample Time Sheet – Page 4
  • How to manage your email to save time and reduce your stress!! – Page 5
  • Using regression analysis in everyday appraisal practice by Doug Smith, SRA – Page 8
  • LandGlide Review By Wayne Pugh, MAI, CRE, CCIM, FRICS – Page 11
  • Comments on last month’s E&O article – Page 15

 

June  2016

  • 2015 E&O Insurance Update – where to get E&O, prior acts, state board complaints, E&O Myths – Page 1
  • How do upgrades affect UAD Condition and Quality Ratings? By Rachel Massey, AI-RRS- Page 10
  • Q&A–FHA attic inspection requirements by Doug Smith, SRA, AI-RRS-Page 12

 

May      2016

  • Practical tips on qualifying the 1004MC and preparing a Market Conditions Summary – Page 1
  • Data science. What is it? What does it mean for appraisers? – Page 6
  • No man’s land & the aggressive real estate market – Page 8
  • How to handle rapidly increasing prices in your market – Page 10
  • YIPES (humor) – Page 13

 

April  2016

  • What is a bedroom? By Doug Smith, SRA, AI-RRS – Page 1
  • Issues with the 1004mc by George Dell MAI, SRA, ASA – Page 4
  • What’s up in technology by Wayne Pugh, MAI, CRE, CCIM, FRICS – Page 7
  • Your Web Site – the easiest and fastest way to get non AMC work! – Page 8

March            2016

  • Adjustment, Part 2 – what are the best adjustment methods for your market – Page 1
  • Reviewer as mind reader by Rachel Massey, SRA, AI-RSS – Page 8
  • Curable Queries – Bracketing and SFR vs. Duplex by Doug Smith, SRA-RSS – Page 10
  • 1004MC – the good the bad and what Fannie says – Page 12
  • Statistical errors in the 1004MC by George Dell, MAI, SRA – Page 14

 

 

February  2016

  • Adjustments Part 1 – Are you making too many adjustments? – Page 1
  • Identifying Residential Architectural Styles by Mark Nadeau, SRA. – Book Review – Page 5
  • Two good, practical residential books, with very good tips on adjustments – Book Reviews – Page 9
  • The Dictionary of Real Estate Appraisals, 6th Edition – Book Review – Page 11
  • Support vs. proof for adjustments by Bob Keith – Page 14

 

January  2016

  • The Internet, Big Data and the Art of Appraising The Past, the present and the Future – Page 1
  • Two good, practical books for residential appraisers, including adjustments – Page – 6
  • Setting appraiser New Year’s resolutions for 2016 and how to accomplish your goals – Page 8
  • Include Executive Summary in your appraisal reports, By Dave Towne – Page 10
  • A Catfight over Appraisal Standards, The Decline and fall of the Residential Appraiser, etc. By Owen Glendower – Page 13

 

 

December  2015

  • 2015 year-end tax planning for appraisers-What you can do now to save money on your 2016 taxes – Page 1
  • Don’t use only automated reconciliation analysis, by Doug Smith, SRA, AI-RRS – Page 4
  • Marketing with holiday gifts and cards – Page 6
  • I have Google Earth and I know how to use it, by Rachael Massey, SRA,          AI-RRS – Page 9
  • Supporting adjustments: Let’s be reasonable! Why CU and AVMs cannot replace appraisers, by Denis DeSaix – Page 10

 

November  2015

  • Collateral Underwriter 3.0 – six more adjustment warnings, including market conditions. What does this mean for you? – Page 1
  • What lenders say about CU – Page 6
  • Staying positive with unreasonable fees and excessive Scope Creep from AMCs – Page 8
  • 2016-17 USPAP changes have low impact – Page 12

 

October  2015

  • Tips on dealing with AMC engagement letter fine print and report clutter – USPAP, MLS sheets, etc. – Page 1
  • Is it jUSt PAP? Abrasive, interesting and amusing comments!! – Page 5
  • Local Appraisal group summaries – Page 11
  • What is the purpose of the adjustment process? – Page 16

 

September  2015

  • Appraising – from the Middle Ages to now – Page 1
  • Appraising over 3,000 years old – Page 5
  • Will you still be appraising when you are 85 (or 90) – Page 6
  • A closer look at listings – how to use listings in your local market – Page 12
  • Limiting conditions and assumptions (humor) – Page 15

August  2015

  • What lenders don’t use and how to get work from them – VA, local banks, mortgage companies, hard money, etc. Page 1
  • FHA Revised Handbook – 4000.1. What you need to know/which documents you need to read – Page 4
  • Statwing – easy to use multiple regression software for appraisers – Page 7
  • Liability issues for review appraisers and non-lender assignments – Page 12

July  2015

  • 2015 E&O Insurance Update – liability threats, state board complaints, where to get E&O, etc. – Page 1
  • List of E&O insurance companies – Page 8
  • Appraisaltool adjustment software – easy to use, data is from comps in your appraisal – Page 9
  • How to reduce stress to be more productive and control your work-life balance – Page 11

 

 

June  2015

  • What’s up with FHA’s New Manual 400.1? More Scope Creep? – Page 1
  • Redstone regression software – will it work for your appraisals? – Page 5
  • Managing yourself to get more appraisals completed and make more money – Page 10

 

May  2015

  • Regression software programs – what’s the best one for you? – Page 1
  • AMC fees up! You CAN get higher fees NOW!! – Page 16

 

April  2015

  • Fannie and state regulators want adjustment support!! How to do adjustments – a review of 3 webinars – Page 1
  • Practical tips you can use today for getting more appraisals done and make more money during this boom time – Page 8
  • Fannie Hard Stops – be sure to check for this on every appraisal – Page 11

March  2015

  • CU and AQM, “20 comps”, AQM, Risk Ratings, etc. – Fannie’s Lender Letter LL-2015-2 and recent FAQs – Page 1
  • Fannie’s Lender Letter LLl-20105-a significant change for adjustment guidelines – Page 7
  • Other sources of information on making and supporting adjustments – Page 12
  • Valuation By Comparison – how to make and support adjustments. Buy This Book!! – Page 14

February  2015

  • CU – warning messages, data – appraiser vs. CU, turn time, etc – Page 1
  • Collateral Underwriter–what it is and how does it work by Jeff Bradford – Page 8
  • (Late) New Year’s Resolution – exercise while driving!! – Page 10
  • Who’s on your approved AMC list? Dump your bad AMCs! Looking for new AMCs/clients?  How to evaluate them – Page 12
  • AMC/client Rating Grid – Page 15

 

January  2015

  • Fannie’s Collateral Underwrite – big changes and it means to you – Page 1
  • Disability – your greatest risk – Page14