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4 Key Differences Between Appraisals and AVMs, BPOs

August 30, 2018 by Appraisal Institute Staff

Home_Value1To help their customers, lenders might be tempted to choose a less time consuming – and potentially lower cost – real estate valuation method than an appraisal. But while alternative valuation options – such as automated valuation models and broker price opinions – might be cheaper, are they better? [Read more…]

Filed Under: consumer appraisal information, home appraisals, home inspections, residential appraisers

Not ‘Just’ a Residential Appraiser

March 1, 2018 by Appraisal Institute Staff

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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.

[Read more…]

Filed Under: appraisal careers, residential appraisals, residential appraisers

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

February 1, 2018 by Appraisal Institute Staff

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.

[Read more…]

Filed Under: residential appraisals, residential appraisers

The Value of the SRA Designation

December 5, 2017 by Appraisal Institute Staff

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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.

[Read more…]

Filed Under: Appraisal Institute Designations, residential appraisals, residential appraisers, SRA designation

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RSS AI News

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RSS Industry News

  • SBA Re-opens Paycheck Protection Program for New and Some Current Borrowers January 20, 2021
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  • GSEs Extend Flexibilities for Appraisals, Employment Verification January 20, 2021

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