Have you ever received a call from an Appraisal Management Company wanting to place an order from you and you had never heard of them. Most appraisers have had this issue before. This was one of the reasons the Allterra Group put together this comprehensive directory. This alphabetical AMC Directory list will help you quickly look up an AMC and find their important contact information. We haven't mentioned the best part yet, it's Free! This directory is completely free to Appraisal Buzz subscribers.
1903 to Present - Part 1
This is the first in a series of articles on property valuation theory and practice from 1903 to the present. Land economics developed as a discipline in the early part of the 20th century because the United States was rapidly urbanizing and homeownership rates and mortgage debt levels were increasing.
For all sorts of reasons, appraisers have fewer and fewer direct relationships with their lender clients. This is one of the reasons Allterra Group is so excited to announce their upcoming Appraiser Events. We have partnered with Union Bank and Rabobank to offer recruiting and training events for appraisers on the west coast. This is a tremendous opportunity for appraisers to get to meet and greet Ken DeFeo, Vice President, Residential Appraiser Manager at Union Bank and Robert Melfe, Vice President, Appraisal Manager at Rabobank.
One of the aspects I love most about appraising is that every day is different. I inspect an average of 3.25 houses per day. Since every house is different, every day is unique. Despite the variety we enjoy, I have also recognized that, though the setting varies each time, there is some repetition. Specifically, the questions we get from borrowers seem to be similar over and over again.
Both of my children play soccer, just as my father and I did. And as with any game, you have good games and bad games. But what is a “good game” really? What does it mean to “play well”, and do we mean as a team or as an individual player? If I say I “had a good season”, some folks might assume my team won most of its games, others might think we at least finished off the season strong, and others may even believe that I mean I improved my performance compared to the previous season.
In a recent survey conducted by the Appraisal Institute, the majority of real estate appraisers said they were optimistic about their future and that of the profession.
The 2013 Real Estate Appraisal Outlook found that demand for appraisal services has increased and that local markets were stronger than a year ago. However, while responses were generally positive when it came to overall business, the potential for training new professionals was slightly behind, with less than one-fifth of those surveyed saying they planned to add trainee appraisers to their staff.
I do a lot of traveling. Too much if you ask my wife. I enjoy traveling and seeing new cities, but dealing with airports, rental cars, hotels and the like gets old. Sometimes I travel a long distance, but much of the time my travels are somewhat regional. I am not a huge fan of Vegas, but it seems that I have business there at least 3-4 times per year. Now, the City of Sin is only about 9 driving hours from my home, but I usually fly. Every time I go through the process of getting from here to there on an airplane, I ask myself why I don’t just drive.
Have you ever gotten into a disagreement over whether including listings in the sales comparison approach is inappropriate – or even misleading? I'd like to say I’m torn over the issue and just present my opinion as some middle-of-the-road approach; however, I really do see the benefits of including listings as part of summarizing my appraisal process in my written report.
I have had the privilege of teaching appraisal classes in over 40% of the states in this country within the last three to four years. In every class I speak unremittingly about my appraiser trainee(s) and how I love my trainee. I usually ask the class if anyone is training appraisers and there are very few who actually are. I am often met with hesitation by the appraiser's in the classes.
"With a lot of 'buzz' around developing new forms I decided to do a little research on the history of the forms. I had the pleasure to speak with Gregg Opelka a few months ago. And more recently I had an opportunity to meet with Jack Weaver, the chief appraiser at Fannie Mae in 1970. Stay tuned for more articles on the evolution of the appraisal process. I have thus far discovered some fun facts that I don't believe you will find in texts books." ~ Joan Trice