Joseph Dobrian

Recent Posts

18 Ways to Build Your Reputation in Appraisal

Posted by: Joseph Dobrian Date: Apr 18, 2017 11:24:44 AM

If you’re starting your career as a real estate appraiser, what are you doing to build your reputation in appraisal? How can you make yourself known as someone others wish to do business with? Assuming you’re already a licensed appraiser, you’re ready to build your profile in your community and within the real estate and financial industries.

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Topics: reputation in appraisal

The Challenges With Appraising Multiple-Unit Properties

Posted by: Joseph Dobrian Date: Apr 4, 2017 8:00:00 AM

Appraising a multi-unit property is usually more complicated than appraising a single-family home. Two-, three-, or four-unit buildings are sometimes subject to confusion when it comes to arranging a loan for purchase or refinancing.

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Topics: multiple unit properties

Appraising Rural Properties

Posted by: Joseph Dobrian Date: Mar 16, 2017 8:00:00 AM

There are challenges that come with appraising rural properties. Often they are located in remote areas, where few comps exist. How do you figure in factors such as arable or nonarable land, a working farm, timberland, wetlands, or a forest preserve?

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Topics: appraising rural properties

Where Are All the Women? A Celebration of Women in Appraisal

Posted by: Joseph Dobrian Date: Mar 8, 2017 7:30:42 AM

Traditionally, the sales/brokerage side of the real estate profession has a reputation for being one of the most woman-friendly career options available in the Western world. The National Association of REALTORS estimates that about 62 percent of REALTORS are female. The appraisal business, however, is mostly male-dominated, with males making up about 75 percent of the profession.

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Topics: women in appraisal

Automated Valuation Models: Increased Use Leaves Plenty of Work for Appraisers

Posted by: Joseph Dobrian Date: Feb 16, 2017 9:59:04 AM

Automated valuation models (AVMs) are services that incorporate data and mathematical modeling to provide real estate property valuations—usually providing a snapshot of a property’s momentary value, using comparables, much like an appraisal. However, appraisers who suspect that AVMs could render human appraisers irrelevant apparently don’t have much to worry about—yet.

On the one hand, an AVM report is that you can get it in a matter of seconds, and it will contain helpful information. On the other, it's never complete, and still leaves plenty of work for the appraiser.

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Topics: automated valuation models

Creative Financing for Home Purchases: What's Available Now?

Posted by: Joseph Dobrian Date: Feb 9, 2017 4:28:47 PM

A real estate agent whose client doesn’t have the best credit—or an appraiser who wants to facilitate the transaction if the appraisal comes in low—can present the prospective home-buyer with various creative ways to finance the purchase. “Creative lending” might include any of several innovative products and services. Unconventional methods such as crowdfunding might also bear consideration.

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Topics: creative financing

A 2017 Housing Bubble? Here’s What Appraisers Advise

Posted by: Joseph Dobrian Date: Jan 26, 2017 8:16:08 PM

Rumors of a 2017 housing bubble that is set to pop may be exaggerated. The housing market has been in a slow recovery since the mortgage-backed securities crisis of 2007 and the severe economic downturn of 2008.

Given the cyclical nature of real estate, it’s reasonable to expect a correction in the next year or two. But the bubble isn’t likely to burst, because there isn’t one.

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Topics: Trends, Residential Appraisal, accurate appraisals, appraisal trends

Appraising Smart Homes: Does 'Smart' Really Matter?

Posted by: Joseph Dobrian Date: Jan 19, 2017 1:59:28 PM

How much will modern smart home technology affect an appraisal, if at all? Nowadays, a homeowner can control just about any home device, remotely, via a smartphone: computers, HVAC, audio/visual equipment, surveillance cameras, ovens and slow cookers, you name it. Will a home that’s set up to handle all those capabilities be valued higher than one that’s still pretty 20th-century in terms of modern conveniences?

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Topics: accurate appraisals, appraisal trends

The Power of Transparency and Communication in Appraisals

Posted by: Joseph Dobrian Date: Jan 10, 2017 9:00:00 AM

Appraisers are usually able to disclose quite a lot about their methods and the information they’ve used—and it’s best to be prepared to share that information promptly, especially if the appraisal is not what was hoped for. Transparency and communication in appraisals is essential.

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Topics: accurate appraisals

Trendspotting For Appraisers

Posted by: Joseph Dobrian Date: Dec 19, 2016 11:09:14 AM

How do you spot and judge market trends and news events that might influence your appraisal, or that you should bring to the attention of the client? If you’re in a situation where the value of a property could rise or fall dramatically from its current appraised value, depending on various factors, how can you take the variables into account and provide the most accurate appraisal possible? The short answer is that your appraisal will be applicable to a certain effective date—but you shouldn’t neglect to let the lender know how market forces might affect the appraised value down the road.

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Topics: USPAP, appraisal market, appraisal trends