How Natural Disasters Affect the Appraisal Industry

There seems to be an uprise in natural disasters in recent years, from hurricanes to flooding, tornadoes, wildfires and earthquakes. Damage is guaranteed to follow these events, bringing catastrophe to people and their homes. When a home hit by a disaster...

Should I Work with AMCs or Ride Solo?

On your journey to becoming the most successful appraiser you can be, you’ve probably asked yourself at least once, “should I work with an AMC?” AMCs (Appraisal Management Companies) aren’t everyone’s favorite, but they can be helpful to your success. It’s...

Common Appraisal Violations & How to Avoid Them

Everybody makes mistakes. Sometimes it’s hard to catch yourself in the act, so we’re here to remind you of common violations that occur in the appraisal world, and tips on how to avoid them. A mistake here and there is understandable, but continuing to...

Tips for Protecting Your Appraisal Business

There are many risks in running a business, so it’s better to be safe than sorry. Anything could happen. Take for example, what happened at CoesterVMS. An appraiser at the company had his private email hacked by his own boss, Brian Coester himself. To...

Best and Worst Places to Live: How Location Affects Home Value

We’ve all seen those lists of “Best and Worst Places to Live”, and while we may have our own opinions, there are several factors that go into determining these lists. Things like crime, income, education, job market, and more can all play a part in where...

How Are Airbnbs Affecting Home Value?

Short-Term Rentals (STRs) are growing more and more popular. The rental business that used to be limited to commercial properties like hotels is now spreading to residential homes. With sites like Airbnb and other home sharing services, it is relatively...

New Home Trends: How Are DIY Renovations Affecting Appraisals

With DIY projects becoming popular—thanks in part to sites like Pinterest and YouTube videos—there is no shortage of ideas on how to convert one aspect of a home into something completely different and relatively cheap. Sometimes we think we don’t need to...

Avoid These 3 Pitfalls as a Real Estate Appraiser

Regardless of the line of work you do, everyone experiences some type of risk associated with their business. This is no different for real estate appraisers. There are steps you can take to avoid potential hazardous situations before they even occur,...

Real Estate Appraising: Eco-Friendliness and You

A more simple home means saving money on bills, operating in a more eco-friendly way, and being able to focus more on life than the upkeep of a home. As newer generations deviate more from the idea of the “nuclear family”, white picket fence style, we...

Start Up Series #5: Appraiser’s Q&A Guide for Business Insurance

Now that you’ve learned the basics on bookkeeping and banking, one of the most important aspects you need to focus on is protecting all of your hard work. A business needs to protect themselves from financial loss or damages that could occur in the case of an accident...

Millennial Home Trends for Real Estate Appraisers: Tiny Homes

As an appraiser, you come across a variety of properties with distinctive features. With 1970’s homes there was shag carpeting and wood paneling. Jump to the 1990’s and light wood and brass were prevalent. So, what’s to come? With the millennial generation entering a...

Start Up Series #4: How Do I Create My Financial Plan?

At this point you have successfully outlined your goals for your business as well as have an idea on how to find your client base. Now, it is time to focus on the financial aspect of your business and make sure you are set up for success.  This will require figuring...

E&O Risks: Should You Accept a Hybrid Appraisal Request?

A hybrid appraisal (HA) entails a number of E&O risks due to its potential conflict with USPAP rules. Extreme caution should be taken prior to performing an appraisal based on information collected by an anonymous field inspector, especially if the intent of the...

4 Myths Potential Clients Have About Real Estate Appraisers

When starting the home buying process, the buyers are often excited to find their perfect home. Whether that be based on age, size or location, they are ready to take the plunge. Unfortunately by the time the appraisal process starts the buyer’s excitement has turned...