Jimmy Humphrey’s Post

Which ratings are most frequently misinterpreted? What can appraisers and lenders do to ensure consistency and precision in appraisal reports? Find out in Scott Reuter Appraiser’s Q&A article. https://bit.ly/41dulBv

🏠✨ Does Your Appraiser Really Need to Be Local? For years, the myth that appraisers must live in your town to deliver accurate results has stuck around. But here's the truth: with the right tools like MLS data, tax records, satellite maps, and premium resources, appraisers can analyze any market and provide credible, reliable insights. 📊 It’s not about where the appraiser lives—it’s about their expertise and the tools they invest in to get the job done right. 💡 Have questions about how appraisals work today? Let’s chat! 📞 Call 908-517-3913 or visit www.njreag.com for appraisals you can trust when it matters most. #HomeAppraisal #RealEstateTips #PropertyValue #MythBusted #AppraisalMyths #RealEstateHelp #WhenItMattersMost #NJAppraisals #RealEstateFacts #AccurateAppraisals

We asked an expert appraiser to tell us about the top appraisal niches on the rise today. Here’s what we learned.

An Appraiser conducts both the field inspection and market data analysis in a traditional appraisal process. In a Hybrid Appraisal, Appraisers can dedicate more time to analyzing local markets as they are not required to manage numerous appointments and spend time commuting between properties. This is just one of the numerous benefits of Hybrid Appraisals.

Myth Busted: The appraiser does not set the property’s value; they provide an unbiased estimate based on a thorough analysis of the property and market data. #RealEstateAppraisal #ProfessionalAppraisal #SelectiveAppraisalServices

The key difference between an appraisal and a broker's opinion of value is that appraisals are conducted by a licensed and independent third party. Comparatively, a broker's opinion of value may only be a few pages long and can often be turned around in just a few days. Read more here ➡️https://bit.ly/3NtyV5b

https://buff.ly/3VmDXq0 A recent Question of the Week from our free blog: How do Standards effect the excess of appraisers? USPAP is relatively stable, no real change in 20-years. Still emphasizing appraiser credibility, defined as “worthy of belief.”

Maybe sometimes it’s necessary to combine the site size, location, and view adjustment all into one line item. But it’s not my favorite appraisal practice. I get it, the underlying land value might be higher because of a superior location or superior view. But such just makes for an appraisal that appears to have inconsistent adjustments. Adjustments which collateral underwriting tools really hate. And frankly, I think which most underwriters really don’t like to see either. It makes it more difficult to make an appples to apples comparison for each of the line items when they are squished together. It begs the question, how much of the value of the adjustment is due to the location, the size of the lot, or the view? Especially when the adjustment ends up being in the opposite direction one would normally expect (such as an inferior lot size with a negative adjustment). There’s a reason there’s separate line item adjustments on a sales grid. Please, use them all. This is my soap box speech for the day.

https://buff.ly/4bboRJh A recent Question of the Week from our free blog: How do Standards effect the excess of appraisers? USPAP is relatively stable, no real change in 20-years. Still emphasizing appraiser credibility, defined as “worthy of belief.”

https://buff.ly/49WVw53 A recent Question of the Week from our free blog: How do Standards effect the excess of appraisers? USPAP is relatively stable, no real change in 20-years. Still emphasizing appraiser credibility, defined as “worthy of belief.”