Blog
Lots of folks have asked me, "Dustin, can I appraise two different properties on the same appraisal report at the same time?". Now understand I am not a USPAP instructor, I am an appraiser, so I'm going to answer this question as best I can.
The question before us is legitimate, and one...
How much credit should we give ourselves when it comes to making adjustments? Making adjustments is controversial. USPAP says nothing about adjustments - it does not require us to make them. They are a GSE construct. So, should we real estate appraisers stop making adjustments? Clients pay us for...
It can be hard to know exactly what to tell a borrower sometimes in an inspection when it comes to repairs. For example, if you see chipping and peeling paint in an older home, and it is an FHA inspection, do you let the homeowner know that there is a good chance that their lender will ask them...
How do you reconcile between the value indications of the three approaches, or even between the range of value indication in even one approach? How you answer this is important since SR1-6 calls for us to answer both of these questions as part of our reconciliation.
USPAP has no specific...
Even years after UAD was first implemented, there remains some confusion over the quality and condition rating regulations within the appraiser community. Let's talk briefly about Fannie Mae's regulations concerning Q and C ratings.
The quality and condition of a home can certainly improve or...
As all appraisers are human, we are bound to make mistakes. I personally have never had a perfect appraisal report, and I think you would be hard-pressed to find a report completely void of mistakes. As a result, it is important for us, as fellow appraisers, to treat one another with respect when...
