by Marcy Elizabeth Geraci
The Appraisal of Real Estate is a great book for new appraisers and students because it contains a wealth of information that will help you grow as an appraiser. The 14th edition is the most recent, but many of the older editions are still relevant with only minor changes each year.
by William Ventolo and Martha Williams
The Art of Real Estate Appraisal is a layman’s guide to the appraisal process, written to assist current and future homeowners in understanding what appraisers are looking for. Download your free copy of The Valuation Process Road Map.
by Guy Cozzi
Next up is Real Estate Appraisal from A to Z, an in-depth look at the history of the appraisal profession that focuses on both best practices for professional appraisers and best practices for property owners preparing for an inspection, with historical overviews of appraisal safety standards and building codes of particular interest.
by Dustin Harris
Appraisers will learn how to use new tools and technology to improve their estimates and appraisals in Mobile Appraising. Whether you’re new to the profession or an old dog looking to pick up some new tricks, this is an excellent introduction to the cutting edge of appraisal technology.
by Jeffrey Johnson and Anthony Lesicka
This book presents real-world case studies that appraisers can use to learn about potential issues and challenges before they have to face them in the field. Did we miss any must-have books for appraisers?
Do appraisers use active listings?
Closed sales, active listings, and pending sales are the three options available to appraisers for comparables. The best way to think about it is to imagine what other homes a potential buyer might consider if the subject property were not for sale.
What approach do appraisers use?
When determining the Market Value of a property, appraisers use three approaches to value: the Sales Comparison Approach, the Cost Approach, and the Income Approach.
How are books appraised?
A book appraisal is a document that describes each book in detail, including a professional, thorough description of the book’s condition, merits, and relative value, ideally with citations for comparable copies.
What should you not say to an appraiser?
In his post, he lists ten things that you should never say to an appraiser as a Realtor (or even as a homeowner):
- I’ll be satisfied as long as it appraises for at least the sales price.
- Do your best to increase the value as much as possible.
- The market has been u201con fire.u201d
- Is it going to appraise for u201cvalueu201d?
Do appraisers ever change their appraisal?
I’ve never had that happen in 15 years of selling real estate, which is extremely unusual. An appraiser can make changes to the appraisal and adjust it up or down using the correct data from other comparable homes that have sold.
How many miles can an appraiser go for comps?
Comps should ideally be within one mile of the subject property, and not across any major barriers such as a freeway, a river, or railroad tracks; in most cases, comps must be in the same city as the subject property, even if they are less than a block away.
What are the 3 types of appraisal approaches?
The following three methods are used by appraisers to determine real estate property values:
- Appraisers value a property based on recent selling prices of similar properties in the same neighborhood, which is the most common method.
- Cost approach.
- Income approach.
What are the three approaches to determining appraised value?
The ASA Personal Property Committee has updated the ASA definitions for the three approaches to value (cost approach, sales comparison approach, and income approach) to match the current USPAP Standard Rules 7-4 and 8-2.
What are the 3 approaches to value?
Three Methods of Valuation
- Direct comparison method
- income method
- cost method
How do I know if my book is worth money?
Fill out this form with enough information to generate a list of comparable copies. You don’t have to include every word of the title or author’s name.
How can you tell if a book is rare?
If the date on the copyright page and the title page are the same; the words first edition, first impression, first printing, or published on the copyright page; a specific number line; later editions may have designated printings, but the first edition does not.
How do you get a book valued?
Searching for similar copies on AbeBooks and seeing what prices are being asked for them is a simple way to get an idea of a book’s approximate value. AbeBooks sellers sell new, used, rare, and out-of-print books, and we have millions of used and rare books for sale.
How can I get a free home appraisal?
A local real estate agent will come to your property and give you a free property appraisal as part of their services. (This is an estimate of the value of your property.) The real estate agent will usually offer this appraisal for free so they can build a relationship with you.
Does a messy house affect an appraisal?
u201cGenerally speaking, a cluttered house with scattered clothes, toys, or belongings has no bearing on an appraisal; appraisers are trained to look past the clutter and assess the true value of the property,u201d says Albert Lee, Founder of Home Living Lab.
What negatively affects home appraisal?
The age and condition of the home’s HVAC units, appliances, and electrical and plumbing systems will all be taken into account when determining the overall appraised value; obviously, if these components are in poor condition, the appraisal will suffer.