Land Surveys in 1784 – Alexander Hamilton vs. Thomas Jefferson
11 Secret Spaces Hiding in Famous Places
Haunting Photos of Europe’s Abandoned Buildings, From Steel Plants to Castles
CHANGE YOUR TEMPLATES!! SET UP NEW SUBDIRECTORIES IF YOU FILE ON YOUR COMPUTER!!
Popular (and sometimes strange) real estate listings
Take a break and check out these listings!!
The 4 Most Interesting Home Listings of 2016 – Fun Video
Video is 2 minutes and 40 seconds long and very entertaining!!
Can’t describe it. You just gotta see it!!
2016’s top 10 most popular (and sometime strange) homes for sale
Here are 3 of them
No. 1 is the country’s biggest fixer-upper – over 60,000 sq.ft. in Texas. Price: Listed for $3.6 million
5. The cave dwelling, Undisclosed address, Festus, Missouri. Price: Listed for $314,900
10. The ‘Amityville Horror’ house, 108 Ocean Ave, Amityville, New York. Price: Listed for $850,000, entered into contract in November
Beautiful airports and Victorians under $200,000
Unique and Beautiful Airports Around the World
Architecture that redefines what it means to travel in style.
All I can say is WoW!! Take a break for a few minutes and look at these photos…
Affordable homes from all over the country (Hint: No fixers)
Just scroll down the pages.
7 Victorians under $200,000 (No tiny homes)
8 homes under $100,000 (Hint: no fixers)
My comment: Wow!! Those Victorians in my city would be way over $1,000,000 on lots under 5,000 sq.ft. !!!
Sadly, The Appraisal Institute is now working against its local chapters by Jonathan Miller, posted 12/9/16
Read more!! →
Beautiful and unusual places
What are the most popular links in these newsletters? Weird properties, very expensive homes, etc. Plus Appraiser goes to jail (not many of these today), Freddie and Fannie no-appraisal loans. LIA’s Claudia Says ads are also very popular. Sorry, USPAP, ASB, AQB, ASC etc. are not very popular but I put them in just to let you know what is happening, even if you don’t care much ;> Here are two:
10 of the Most Beautiful Libraries on Earth
Take a break and a look at these beautiful and unusual libraries!!
From all over the world, including the Chicago Public Library
Chicago Public Library, by SOM
Chicago’s new Chinatown library branch has no sharp edges. The pebble-shaped building is wrapped in glass and marked by solar-shading fins that are meant to reduce heat and glare. The library’s curvy, three-sided shape is built around feng shui principles and designed to align with the avenues outside the building. Inside, the two-story structure is centered around a light-filled atrium.
No links for more info, but you can google the names.
Carmel, Indiana, America’s King of Roundabouts
Are Granny Flats Undervalued?
by Kathy Price-Robinson, The Appraisers Research Foundation
Whether you call them granny flats, in-law units, or something else, residential accessory dwelling units (ADUs) on residential properties excite municipal planners, homeowners, and others for social and environmental reasons. They are “green” by nature because of their small size and can provide great benefits to the owner.
But they can also perplex appraisers and other real estate professionals because of erroneous perceptions and various institutional policies that complicate lending on properties featuring ADUs.
To help clarify the estimation of value of residential properties with accessory units, researchers Martin J. Brown and Taylor Watkins conducted a study to test an income-based approach to valuation of properties with ADUs.
My comment: I appraise these types of units often in my city. Typically they are not legal. I consider them similar to detached bonus rooms, offices, guest quarters. If legal, the income approach would work to determine the added value of the ADU. Of course, income from airbnb, etc. vs. “regular” rentals is another big issue. The article does not address non-legal ADUs, the vast majority of them. FYI, The Appraisers Research Foundation has been around for a long time and regularly publishes (and gives grants for) research papers. For more info, go to http://www.appraiserresearch.org/ To see their other research, click on Research Results in the top menu bar.
Poll: On average, how long does it take you to complete a 1004 interior inspection appraisal report, including inspection and drive time?
The Coolest Empty Buildings in America
They’re weird, amazing, and available.
If you’ve got a few million bucks to play with, you’ll find that the country is littered with remarkable empty structures in various states of disrepair, just waiting for enterprising new owners with big dreams and deep pockets. Here are five of our current faves.
Here are a few:
Miami Marine Stadium: Miami, Florida
“Superman Building”: Providence, Rhode Island
Michigan Central Station: Detroit, Michigan
Fannie’s Property Inspection Waiver (no appraisal) effective 12/10/16 for all lenders
Notice dated 10/24/16. I suspected that this was where Fannie was going with UAD and CU. Refis only.. for now. $75 to waive the appraisal requirement. Fannie has been testing it for awhile with some lenders. You may see this referred to as “Day 1 Certainty”, the name Fannie has chosen.
Link to the 2 page fact sheet: https://www.fanniemae.com/content/fact_sheet/property-inspection-waiver-fact-sheet.pdf
Thanks to Dave Towne for this very interesting news!
My comment: I will have an article on this topic for my November newsletter, out November 1, including relevant details and what this means for you. Very interesting.
WHAT DO YOU THINK? POST YOUR COMMENTS AT www.appraisaltodayblog.com !!
9 Amazing Things Disguised as Boring Things
Look twice-these seemingly mundane objects are hiding something.
Narnia hid behind a wardrobe. Doctor Who’s Tardis was disguised as a blue police call box. With no signage and no flags, these out of the ordinary things are hidden away disguised as something utterly banal. In some cases, these things are camouflaged on accident; in others, they are secreted away so that only those in the know can find them.
Either way, the world is full of seemingly mundane places that are more than meets the eye. It reminds us to stay curious-one has to always be on the lookout for wonder. Here are nine places in the Atlas that may seem boring at first glance but are actually amazing once you take a closer look.
Here are a few:
1. Brooklyn Townhouse Secret Subway Exit
3. Mystery Soda Machine – insert 75 cents and see what you get
4. The Lonely Parking Meter
The only parking meter in Winters, CA
My comment: Just For Fun!! We all work in the field and discover strange things. This article will make me look closer at what I see ;>
Disciplinary Process-How It Works, Your Rights & Likely Outcomes
by Robert Weinstock, JD, MBA, CBA, CVA
While the number of licensed real estate appraisers nationwide has decreased, the number of complaints filed against appraisers has increased. For example, in my home state of California, complaints against appraisers have increased by 40% even though the number of appraisers has declined, according to the California Bureau of Real Estate Appraisers (BREA)….
The following is an actual 2015 disciplinary action against an appraiser in which the appraiser lost his license and was required to reimburse the state for its investigation and prosecution costs in the amount of $125,828. In addition, if the applicant should care to reapply for a new license, he shall be required to pay an additional $115,828.