McKissock

Recent Posts

Appraisal News: Choosing Comparables, Dealing With Challenge and Change, and More

Posted by: McKissock Date: Mar 24, 2017 7:00:00 AM

This week's news covers choosing comparables dangerously, the challenges and changes of being an appraiser, and the home office tax deduction you may or may not be qualified to take. There’s more talk about AMCs and the seemingly high price of an appraisal from the consumer’s point of view. Everyone’s talking about March Madness, so in the spirit of those players who aspire to go from NCAA to NBA, we’ve featured some dream houses owned by today’s pros.

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Topics: appraisal news

Appraisal News: Challenges, Fees, Values, Unusual Homes, More

Posted by: McKissock Date: Mar 17, 2017 8:06:34 PM

As the weekend draws near, we've pulled together some appraisal-focused stories. A recent survey by NAR gathers insights on the issues appraisers are talking about, which ties in nicely to a blog about having your appraiser voice heard among the din of a country that is speaking loudly. Some insight into appraiser fees and varied valuations round out the appraisal news. To wrap things up, we've included a slideshow of some of the most unusual homes in the country. And in honor of St. Paddy’s Day, Sláinte!

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Topics: appraisal news

Appraisal News Round-Up: Appraisal Reform, Change, Shortage, Time Out, and More

Posted by: McKissock Date: Mar 10, 2017 6:07:50 PM

This week’s appraisal news includes appraisal reform for the future and a look back at whether the past accurately predicted the present.  We’ll look into whether there’s an actual appraisal shortage—or if appraisers are just weary of micromanagement. The Appraiser Coach offers up some advice on adding a timeout to your to-do list. And just for fun: a story about the lighter side of the profession.

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Topics: appraisal news, appraisal reform

Appraisal News: Changes, Communication, Cybercrime, and More

Posted by: McKissock Date: Mar 3, 2017 4:34:01 PM

We gathered some of the latest in appraisal news and put it in one place for your reading pleasure. Here’s what’s on tap. An interview with a long-time appraiser offers insights into the profession's future—as well its past. USPAP makes it clear that communicating with appraisers is not only okay but also a must for credible assignments. Be vigilant about email scams, particularly one that is specifically targeting appraisers. And just for fun: a look into Super Bowl champ Tom Brady’s multimillion dollar homes.

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Topics: appraisal news

HUD OIG Issues Appraisal Fraud Alert

Posted by: McKissock Date: Feb 24, 2017 1:29:03 PM

The Office of Inspector General (OIG) of the Department of Housing and Urban Development (HUD) recently issued a Fraud Alert Bulletin regarding appraiser identity theft.


According to the Fraud Alert Bulletin, there have been a number of appraiser identity theft cases recently uncovered by HUD OIG. 

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Topics: HUD, appraisal identity theft

7 Ways to Handle Appraisal Pressure and Still Maintain Your Ethical Reputation

Posted by: McKissock Date: Feb 23, 2017 9:00:00 AM

It goes without saying that there are no simple and easy ways to deal with appraisal pressure, especially when it comes to standing behind your ethics. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients.

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment.

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Topics: appraisal pressure, ethics

4 Ways Appraisers Can Make Time for the Work That Matters

Posted by: McKissock Date: Dec 8, 2016 11:14:00 AM

No matter what industry you’re in, when things get busy it’s easy to feel overwhelmed. It can seem impossible to get all of your work done with only 24 hours in the day. But there are some tried-and-true methods for eliminating the minutiae to drill down on the real estate appraisal work that matters.

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Topics: real estate appraisal work

Why the Appraisal Engagement Letter Isn’t Enough

Posted by: McKissock Date: Nov 25, 2016 9:00:00 AM

Should you execute an appraisal engagement letter with your clients? Absolutely. Is the engagement letter enough to ensure that you remain compliant with the Uniform Standards of Professional Appraisal Practice (USPAP)? Not necessarily.

An appraisal engagement letter is a legally binding document that defines the terms and conditions of your arrangement with your client, addresses the scope of the assignment, and establishes your compensation, so you should execute one with each appraisal client to protect yourself.

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Topics: appraisal engagement letter

LinkedIn Profiles for Appraisers: What You Need to Know

Posted by: McKissock Date: Oct 27, 2016 8:00:00 AM

Social media has become more than just a way to communicate with your friends and family. In fact, 67 percent of adults now use social networking sites—a nearly tenfold jump over the past decade. For the savvy appraiser, the use of social media can help you grow and scale your business and career. From promoting your services to buyers and sellers on Facebook to growing your professional network with your LinkedIn profile, social media is essential.

Unlike other social media platforms—such as Twitter, Facebook, or Instagram—LinkedIn is more business-focused and allows professionals to connect in a more professional setting. Your LinkedIn profile serves as your online resume and offers a snapshot of your background, your professional recommendations, and more. LinkedIn is a management tool for your career.

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Topics: Professional Development, Tips & Tricks

Tapping Technology to Scale Your Appraisal Business

Posted by: McKissock Date: Oct 20, 2016 8:00:00 AM

Advances in technology have impacted nearly every single industry—some of which have changed drastically in the last decade. The real estate industry, and specifically the appraisal industry, are no different. Here are just a few ways that technology can help you scale your appraisal business.

 

The introduction of mobile devices

As an appraiser, your job may keep you away from your desk often. But with mobile devices like cell phones and tablets, you can maintain access to all the information you need to get the job done while on the go. In a data-driven industry, mobile devices also allow appraisers to take and upload photos on the fly, create reports while standing in the property for reference, and show and send their reports to related parties without having to go back to the office to print, fax, or email. These things just weren’t possible a decade ago.

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Topics: Tips & Tricks