A green-built, energy-efficient, or high-performance home or retrofit is essentially invisible to the consumer if the MLS doesn’t support “green” data fields. What are an MLS’s responsibilities—and liabilities?
The second version is very consistent with the first release, simply clarifying some field names and some organization tweaks that make it easier to use. Perhaps the biggest change for the appraiser is that it spells out an answer to the question: Who should complete this addendum?
Article from The Washington Post: Buyers favor ‘green’ houses, but they’re often not easy to identify or appraise.
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Download this issue brief (PDF, 554 KB)
April 4, 2013
The role of the appraiser is to provide an independent and impartial analysis of real property. This analysis is a critical component of the mortgage transaction and, over the past three years, new laws, rules, and regulations have been implemented in an effort to protect the independence of the appraiser.
The National Association of REALTORS® strongly supports… Read More
Realty Times examines the practice of waiving appraisal contingency and its potential risk to buyers
Appraisers are putting higher values on homes, allowing more deals to go through, says Lawrence Yun, chief economist for the National Association of REALTORS®.
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The National Association of REALTORS® strongly supports the independence of appraisers and the appraisal process. The role of the appraiser is to provide an independent and impartial analysis of real property. Compromising independence impacts the quality of appraisal reports, adding risk for both consumers and lenders.
Read NAR’s issue brief on this topic: Issue Brief: Appraiser Independence
Real estate practitioners may be uncertain about the most appropriate way to engage with appraisers under new and… Read More
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In this Chicago Tribune article, Mary Ellen Podmolik examines the state of home appraisals as the Chicago housing market picks up steam.
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Use this matrix for an explanation of the four most common valuation services used for real property transactions.