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

Arriving at an Accurate Appraisal, Even When Comps Are Few

Posted by: Joseph Dobrian Date: Dec 15, 2016 10:00:00 AM

You’ve been assigned to appraise a property in a remote area, or in a neighborhood where few sales have occurred lately. How do you arrive at an accurate appraisal if you’re not sure of your comparable sales? Can you take an approach to the appraisal that you wouldn't usually use? How could one unusual event or another throw your calculations off?

McKissock recently went over those questions with three expert appraisers—and their consensus is, you can always find a way to give an accurate appraisal.

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Topics: accurate appraisals