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