I know it’s a challenging time for many of us, but please know the Appraisal Institute is closely monitoring the coronavirus situation and is looking out for the best interest of its professionals, customers and staff. Learn more below about that and other news from the past month.[Read more…]
Property taxes can be among a homeowner’s largest expenses. In 2018, property taxes on the nation’s 87 million U.S. single family homes increased 4% to $304.6 billion, reaching an average of $3,498 per home, according to property data firm ATTOM Data Solutions.[Read more…]
Opinions of value can recognize both local and national indicators when appraisers value multifamily rental properties, according to an article from the Fall 2019 issue of The Appraisal Journal.[Read more…]
Courts, market participants and valuation professionals have expressed widespread concern about the broad range in real estate values presented by opposing litigation experts regarding single-tenant, big-box properties, according to an article from the Summer 2019 issue of The Appraisal Journal.[Read more…]
An appraisal is one of the key components of buying or selling a home, and if potential issues are found with that opinion of value, buyers and sellers have options.
Here are four tips to consider before challenging an appraisal: