Effective age is a term appraisers and homeowners should know, as this number can have a noticeable impact on a home's value. So what is it?
Many appraisers have found themselves in the tough position of trying to find comparable properties in communities with few to offer, especially when it comes to locating comps with a similar age.
Referrals are a key source of business for appraisers, and one way they can increase the number of referrals they receive is to build their personal brands.
Michael Jordan has been trying to sell his luxury home in Highland Park, Illinois, for some time.
Valuation professionals know the importance of an Internet connection in the field when they're conducting an appraisal, but the ability to connect to the Web impacts the valuation process beyond accessing data on comparable properties during a walkthrough.
On June 15, representatives from two appraisal industry organizations—The Appraisal Foundation (TAF) of the U.S. and the International Valuation Standards Council (IVSC)—met to discuss a strategy for making U.S. appraisal regulations fully align with international guidelines.