How Important is HERS to Appraised Value?

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By Sandra K. Adomatis, SRA, LEED Green Associate, and Ryan Meres, RESNET program director

Most builders and sales agents admit that in the homebuying process, the decision is usually all “hers”! That’s also true in the valuation process of a new construction home that is touted as an energy efficient or green home: a key part of the process should be HERS – the Home Energy Rating System report.

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Key Differences Between Appraisals and Home Inspections

Some consumers confuse the role of appraisers with that of home inspectors. But important differences exist between the services offered by those professionals.

Money vs. maintenance

Appraisals are completed to provide a credible, reliable opinion of a property’s value. Inspections are performed to give prospective homebuyers insight into a home’s plumbing, electrical, roof and other features to help determine its condition.

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Not ‘Just’ a Residential Appraiser


By Rachel Massey, SRA, AI-RRS

I am not “just” a residential appraiser!

There’s no doubt that obtaining a certified general appraisal license opens doors to varied and interesting work. If it’s in one’s capacity to obtain this level, it’s a great idea.

But the idea of being “just” a residential appraiser must stop. Competent, highly qualified residential appraisers who study the market, know how to analyze and solve problems – and who can communicate effectively and succinctly – are very valuable to their clients.

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Mountain Climber, Author to Keynote AI Annual Conference

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I’m excited to share that the Appraisal Institute has chosen an outstanding keynote speaker for its 2018 Annual Conference! Here’s more about that, and other news, from the past month.

Mountain Climber, Author to Keynote AI Annual Conference

Alison Levine, a best-selling author and mountain climber focused on leading teams in extreme environments, will be the keynote speaker at the Appraisal Institute Annual Conference on July 30-Aug. 1 at the JW Marriott in Nashville, Tennessee.

Levine, the team captain of the first American Women’s Everest Expedition, asserts that the principles that apply to the world of extreme adventure also apply to demanding business environments. Having skied across the Arctic Circle to the geographic North Pole, her work demonstrates how progress can be made going backward, why egos are a good thing and how complacency can kill you.

I hope to see you at the AI Annual Conference, which will feature informative speakers, extensive opportunities for networking, continuing education (with the chance to earn Appraisal Institute and state continuing education credit), an awards ceremony, vendor exhibits and plenty of opportunities to explore Nashville.

Learn more about the AI Annual Conference. Registration opens in late March.

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Appraisal Institute Media Coverage Seen by 1 Billion Between July and December

The latest video from the Appraisal Institute highlights media coverage featuring AI and its professionals in the last six months of 2017.

AI and its professionals were featured in 1,252 news stories in 454 different media outlets across the country, garnering more than 1.2 billion views, for a publicity value of more than $1.2 million.

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4 Reasons an Appraisal May Not Match a Home’s List Price

Many factors help appraisers develop an opinion of value, which might result in an appraisal that doesn’t match the property’s sale price.

Emotional connection

An appraiser is there to give their unbiased professional opinion of a home’s value. Part of their job is to not have an emotional connection with the property. A homeowner usually has a figure in mind, which often reflects their attachment to the home itself.

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AI Submits Letter to ASC Opposing Appraisal Waivers

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I’m pleased to report that AI has taken another important step in its ongoing advocacy efforts on behalf of the valuation profession! Learn more about that and other important updates during the past month.

AI Submits Letter to ASC Opposing Appraisal Waivers

The Appraisal Institute on Dec. 7 joined nearly two dozen valuation organizations in submitting a letter to the Appraisal Subcommittee regarding a request from TriStar Bank for a temporary waiver of certain requirements to utilize a certified appraiser under Title XI of FIRREA.

If the waiver is approved, it would apply to all institutions, not just the requesting organization.

Read the letter.

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4 Reasons to Hire an Appraiser Trainee

Appraisers who take on trainees can experience numerous benefits, including enhancing earning opportunities, saving time, learning new skills and planning for the future.

Enhance Earning Potential

Although it costs money to hire a trainee, doing so could allow appraisers to spend more time meeting with prospective clients and marketing the business. In other words, if a trainee can be in the office taking care of certain tasks, the appraiser should have more time to network and focus on bringing in new business. And when appraisers land new clients, they have a trainee to help them do the work.

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The Value of the SRA Designation


By Woody R. Fincham, SRA, AI-RRS

As co-chair of the Appraisal Institute’s Residential Appraiser Project Team, I’m often asked why residential appraisers should pursue AI’s SRA designation. Does it really help generate assignments, I’m asked?

I can tell you emphatically that there is great value in the SRA designation. Here’s just one story of how it’s helped my career.

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