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

Hiring a Remote or Virtual Appraisal Assistant: Can It Really Increase Your Earnings?

Posted by: McKissock Date: Sep 8, 2016 9:00:00 AM

For appraisers, time is money. If you can complete more reports per year, you can increase your earnings substantially. As an appraiser, you are paid for your local market analysis and expertise, not your typing and data entry skills. An appraisal assistant can help increase your efficiency by taking care of the tasks that don’t require your judgment or knowledge. 

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Topics: Tips & Tricks

Handling Appraisal Pressure from Unethical Clients

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

It goes without saying that there's no simple, easy way to deal with appraisal pressure. 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.

Here, we put together a list of some possible ways to deal with appraisal pressure from unethical clients.

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Topics: Tips & Tricks

Top 5 Best Business Practices for Appraisers

Posted by: Robert Grafe Date: Jul 21, 2016 6:00:00 AM

In order to build your business and enhance the reputation of your appraisal firm, it's going to take more than just advertising your services. The top five best business practices outlined below are excellent ways to help strengthen and grow your appraisal business over time.

 

1. Be honest in all your dealings with others

As with most professionals, real estate appraisers are occasionally watched by others. Be thoughtful, careful, and honest in all your personal and business financial dealings in order to maintain that well-deserved and well-respected reputation as an “honest” professional appraiser.

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Topics: Tips & Tricks

Maintaining Good Client Communication: Tips for Appraisers

Posted by: Robert Grafe Date: Jul 7, 2016 11:00:00 AM

As an appraiser, in general, the key to establishing good client communication is to communicate early and often with your clients. However, you should be very careful when attempting to communicate with clients, recognizing that clients may or may not understand much of the appraisal “lingo” that we tend to throw around easily. Sometimes we mistakenly make the assumption that everyone (including our non-appraiser clients) has a full understanding of unique appraisal terminology, such as discounted cash flow analysis, the income approach, PMI (private mortgage insurance), fee simple, absorption rate, capitalization, etc. Keep reading for more advice on how to maintain good client communication with your appraisal clients.

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Topics: Tips & Tricks

How to Avoid Appraisal Fraud

Posted by: Robert Grafe Date: Jun 30, 2016 11:00:00 AM

Just exactly what is appraisal fraud? Fraud, in its simplest form, is deliberate misrepresentation and deception. In this column, appraisal fraud is fraudulent activity for the purpose of obtaining a mortgage loan by one form of deceptive scheme or another. We’ll also focus some on mortgage fraud, which is not just predatory lending practices that target certain borrowers.

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Topics: Tips & Tricks

How Blogging Has Changed My Appraisal Business

Posted by: Ryan Lundquist Date: Apr 14, 2016 11:00:00 AM

When people tell me growing a business is easy or only takes three simple steps, my BS alarm starts ringing. There really isn’t any such thing as a quick formula for success to get better clients or earn more money. I find it takes hard work. Bottom line. Yet there is something powerful about getting in front of people on a consistent basis, and that is where blogging comes in. Keep reading to learn more. Plus, join me on Tuesday, May 3 at 1:00pm EST for a 1-hour Pro-Series webinar: Blog it Up! Using Blogging to Grow Your Appraisal Business.

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Topics: Tips & Tricks

Property Tax Consulting Strategies: Reduce Excessive Residential Property Tax Values

Posted by: Robert Grafe Date: Mar 3, 2016 1:00:00 PM

If you are marketing yourself to the public as a professional property tax consultant, or if you are considering acquiring that additional skill, follow these steps designed to help you build and improve your consulting business. Regardless of whether you are brand new to this specialty or a seasoned veteran, the following property tax consulting strategies will help you provide very real help to your property owner clients.

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Topics: Tips & Tricks

HUD Decreasing Mortgage Insurance Premium: What Does it Mean for Appraisers?

Posted by: Dan Bradley Date: Jan 16, 2015 3:07:00 PM

By now, most appraisers probably know that HUD reduced FHA Mortgage Insurance Premium (MIP) rates, effective January 26, 2015.

So how does this affect FHA appraisers? After all, appraisers don’t underwrite or process loans, and we don’t calculate payments for the borrower. At first glance, this appears to be a non-event for appraisers.

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Topics: Tips & Tricks