Understanding Appraised Value in Real Estate Investing | Lendai posted on the topic | LinkedIn
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AskNAN - What does the adjusted value range tell us about the adjustment process? | NAN - Nationwide Appraisal Network
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What is the difference between an inspection and an appraisal? They are not the same and both are extremely important in a real estate transaction. An inspection focuses on the condition of the home. It looks at the structure, roof, plumbing, electrical, HVAC and overall systems to determine if there are material defects. An appraisal focuses on value. It determines what the property is worth based on comparable sales, market conditions and the overall condition of the home. One protects you fro
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A tight adjusted range is a good thing. In this week’s Ask NAN, Bill Waltenbaugh explains what the adjusted value range really tells us about the appraisal process. Before adjustments, sales reflect different homes. After adjustments, they should start to look like the same home—the subject. When that happens, the values cluster. When they don’t, it’s a signal to slow down and recheck the logic. Watch to learn: • Why clustering supports credibility • What a widening range really means • How subs
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A tight adjusted range is a good thing. In this week’s Ask NAN, Bill …
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UAD 3.6 updates for appraisers: handling sales and listings | Dustin Svendsen, Green LEED Assoc. posted on the topic | LinkedIn
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All sales are sales, but not all sales are comparable. What makes a good comparable sale? It depends and in this week’s Ask NAN, Bill Waltenbaugh explains why the real test isn’t distance or recency, but substitution. A sale is truly comparable only if the typical buyer of the subject property would realistically consider it as an alternative. That’s why appraisers focus on buyer-driven factors like location, design, utility, size, condition, and overall market reaction, not personal preference.
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