Appraisal Practice: Difference between revisions

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=How to Get Free Appraisals=
*Real estate agents want to sell your house. If you have one for sale, they'll give you a free appraisal, possibly with no obligation to use their services. They may also give you a formal appraisal which costs money, but United Country suggested their free appraisal
*Free appraisals online - any useful? [https://www.fastexpert.com/blog/how-to-get-a-home-appraisal-for-free/]
*How to do comps - [https://www.fastexpert.com/blog/comparative-market-analysis/]
*{{check}}Key resource so far [https://steigerwaldt.com/understanding-tree-landscape-appraisal/]. How tree value counts - 10-25% of property value is the trees. [https://steigerwaldt.com/understanding-tree-landscape-appraisal/]
**Guide to Tree Appraisal - book - $75 - [https://steigerwaldt.com/product/a-practical-guide-to-tree-appraisal/]
=Definitions=
*The standards manual - [https://www.appraisalfoundation.org/imis/TAF/Standards/Appraisal_Standards/Uniform_Standards_of_Professional_Appraisal_Practice/TAF/USPAP.aspx]
*The standards manual - [https://www.appraisalfoundation.org/imis/TAF/Standards/Appraisal_Standards/Uniform_Standards_of_Professional_Appraisal_Practice/TAF/USPAP.aspx]
*Definitions - [https://www.millersamuel.com/files/2021/03/USPAP-Standards-1-4.pdf]
*Definitions - [https://www.millersamuel.com/files/2021/03/USPAP-Standards-1-4.pdf]
*Appraisal practice is provided only by appraisers, while valuation services are provided by a variety of
*'''Appraisal practice is provided only by appraisers, while valuation services are provided by a variety of
professionals and others.
professionals and others.'''
*APPRAISAL REVIEW: (noun) the act or process of developing an opinion about the quality of another appraiser’s work
*APPRAISAL REVIEW: (noun) the act or process of developing an opinion about the quality of another appraiser’s work
*ASSIGNMENT CONDITIONS: Assumptions, extraordinary assumptions, hypothetical conditions, laws and regulations, jurisdictional
*ASSIGNMENT CONDITIONS: Assumptions, extraordinary assumptions, hypothetical conditions, laws and regulations, jurisdictional
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the appraisal.
the appraisal.
*FEASIBILITY ANALYSIS: a study of the cost-benefit relationship of an economic endeavor.
*FEASIBILITY ANALYSIS: a study of the cost-benefit relationship of an economic endeavor.
*MARKET VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a
bundle of such rights), as of a certain date, under specific conditions set forth in the value definition that is identified by the
appraiser as applicable in an appraisal.9
=More=
*As we know, damages are a diminution in value to the remainder due to the impact of the acquisition and/or the project. They are generally measured in one of three ways: paired sales analysis, capitalized rent loss, or cost to cure. - Right of way projects - [https://eweb.irwaonline.org/eweb/upload/0799b.pdf]
=Orgs=
<html><p><strong></strong></p>
<p><strong><a href="https://www.appraisalinstitute.org/insights-and-resources/insights/newsroom/ai-news-releases/2024-07-11-ai-releases-third-what-i-value-video"><u><span style="color:#1155cc;background-color:#ffffff;font-size:11pt;">National Appraisal Institute</span></u></a><span style="color:#333333;background-color:#ffffff;font-size:11pt;">&nbsp;- about making appraisals realistic</span></strong></p>
<p></p>
<p><a href="https://www.appraisalfoundation.org/imis/TAF/Standards/Appraisal_Standards/Uniform_Standards_of_Professional_Appraisal_Practice/TAF/USPAP.aspx"><strong><u><span style="color:#1155cc;background-color:#ffffff;font-size:11pt;">The Appraisal Foundation</span></u></strong></a><strong><span style="color:#333333;background-color:#ffffff;font-size:11pt;">&nbsp;- USPAP</span></strong></p></html>
*Council of Tree and Land Appraisers - [https://www.albertlandmanagement.com/wp-content/uploads/2019/11/Tree-Appraisal.pdf]
*International Society of Arboriculture [https://www.isa-arbor.com/Portals/0/Assets/PDF/Career-Paths/Arboriculture-Consultant.pdf] manages the CTLA?
*ASCA - American Society of Consulting Arborists
*From Billy at MU Extension - {{check}} - MO Consulting Foresters Association - https://missouriforesters.com/searchMCFA.php
=Certifications=
*CRA or CGA certified by the Appraisal Foundation.
*Accredited Senior Appraiser [https://www.appraisers.org/credentials/start-here-asa's-professional-credentials]
*Appraisal Review and Management Certification [https://www.appraisers.org/credentials/start-here-asa's-professional-credentials]
*RCA - Registered Consulting Arborist -  [https://www.google.com/search?sxsrf=ALeKk026QG9BbsZl0rNsBS9KmerMgczY_w%3A1602863734253&source=hp&ei=dsKJX6q8DJDYsAXHkpG4Cw&q=what+is+RCA+credential+from+asca&btnK=Google+Search&oq=how+to+configure+nvidia+geforce+gtx+1650+super+on+linux+mint&gs_lcp=CgZwc3ktYWIQAzIFCCEQoAEyBQghEKsCMgUIIRCrAjoOCAAQ6gIQtAIQmgEQ5QI6DgguELEDEMcBEKMCEJMCOggILhDHARCvAToLCC4QsQMQxwEQowI6CAgAELEDEIMBOggILhCxAxCDAToFCAAQsQM6AggAOgQIABAKOgYIABAWEB46CAghEBYQHRAeOgcIIRAKEKABUMsQWOmzAWD8tAFoBnAAeACAAeQGiAGhS5IBDTExLjQ3LjMuMi42LTGYAQCgAQGqAQdnd3Mtd2l6sAEG&sclient=psy-ab&ved=0ahUKEwiqz4DcvLnsAhUQLKwKHUdJBLcQ4dUDCAk&uact=5]. Search here by Zip + Radius [https://www.asca-consultants.org/search/custom.asp?id=3818]
=Links=
*[[Forestry Resources]]

Latest revision as of 16:51, 2 August 2024

How to Get Free Appraisals

  • Real estate agents want to sell your house. If you have one for sale, they'll give you a free appraisal, possibly with no obligation to use their services. They may also give you a formal appraisal which costs money, but United Country suggested their free appraisal
  • Free appraisals online - any useful? [1]
  • How to do comps - [2]
  • Check.pngKey resource so far [3]. How tree value counts - 10-25% of property value is the trees. [4]
    • Guide to Tree Appraisal - book - $75 - [5]

Definitions

  • The standards manual - [6]
  • Definitions - [7]
  • Appraisal practice is provided only by appraisers, while valuation services are provided by a variety of

professionals and others.

  • APPRAISAL REVIEW: (noun) the act or process of developing an opinion about the quality of another appraiser’s work
  • ASSIGNMENT CONDITIONS: Assumptions, extraordinary assumptions, hypothetical conditions, laws and regulations, jurisdictional

exceptions, and other conditions that affect the scope of work.

  • ASSIGNMENT ELEMENTS: Specific information needed to identify the appraisal or appraisal review problem: client and any other

intended users; intended use of the appraiser’s opinions and conclusions; type and definition of value. Are trees part of the assignment elements?

  • Credible assignment results require support, by relevant evidence and logic, to the degree necessary for the

intended use.

  • ASSIGNMENT: a valuation service that is provided by an appraiser as a consequence of an agreement with a client
  • Form 1004 for residential appraisal
  • EXPOSURE TIME: an opinion, based on supporting market data, of the length of time that the property interest being appraised

would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal.

  • FEASIBILITY ANALYSIS: a study of the cost-benefit relationship of an economic endeavor.
  • MARKET VALUE: a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a

bundle of such rights), as of a certain date, under specific conditions set forth in the value definition that is identified by the appraiser as applicable in an appraisal.9

More

  • As we know, damages are a diminution in value to the remainder due to the impact of the acquisition and/or the project. They are generally measured in one of three ways: paired sales analysis, capitalized rent loss, or cost to cure. - Right of way projects - [8]

Orgs

National Appraisal Institute - about making appraisals realistic

The Appraisal Foundation - USPAP

  • Council of Tree and Land Appraisers - [9]
  • International Society of Arboriculture [10] manages the CTLA?
  • ASCA - American Society of Consulting Arborists
  • From Billy at MU Extension - Check.png - MO Consulting Foresters Association - https://missouriforesters.com/searchMCFA.php

Certifications

  • CRA or CGA certified by the Appraisal Foundation.
  • Accredited Senior Appraiser [11]
  • Appraisal Review and Management Certification [12]
  • RCA - Registered Consulting Arborist - [13]. Search here by Zip + Radius [14]

Links