Posts Categorized: Blog

Valuation Management Group Discusses Properties with Highest & Best Use Issues

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Valuation Management Group (VMG) often receives appraisal orders for properties that are located within transitioning markets, where commercial development is sprawling into residential areas. Whether the subject property is land or an existing residential structure, the appraisal concept of HBU determination becomes crucial in this type of valuation. Highest and best use (HBU) is defined… Read more »

Addressing Renovations and Remodeling in Your Appraisal Report

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Valuation Management Group receives frequent requests from our clients for an appeal of the appraisal because the appraiser may not have completely and thoroughly commented on any renovations or improvements made by the owner.  A common question is ‘did the appraiser consider the $50,000 I spent renovating and remodeling my kitchen/bathroom’. The appraiser should clearly… Read more »

Valuation Management Group Discusses Property Rights

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Valuation Management Group often receives questions from clients about values that are reported as having either leased fee or fee simple property rights. These questions can come up during the ordering of appraisal services or during the appraisal report review process.  What is the difference between these two technical terms? Quite simply, fee simple property… Read more »

Young Adults Interested In Real Estate

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As the President of Valuation Management Group, I have had the opportunity to speak to many different audiences in my 24 year real estate appraisal career. I recently had the opportunity to share my experience and thoughts about the appraisal industry with a unique group of young adults. The audience was high school seniors at… Read more »

Valuation Management Group Announces Fannie Mae’s Newsletter for Appraisers

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Valuation Management Group is pleased to inform residential real estate appraisers that Fannie Mae has just released their first newsletter for appraisers. It is titled, Fannie Mae Appraiser Update – Periodic updates for residential appraisers serving Fannie Mae lender customers. Appraisers can view this timely and informative newsletter at in the Newsletter section at https://www.fanniemae.com/singlefamily/appraisers…. Read more »

Fannie Mae Second Webinar Maximum Capacity Attendance

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Valuation Management Group co hosted with Fannie Mae a second webinar; Fannie Mae Update, Collateral Polity and Technology Guidance for Appraisers. Julie Jones and Jeremy Staudenmaier, credit risk analysts for Fannie Mae were the presenters. They successfully achieved the goal for residential real estate appraisers to obtain a better understanding of Fannie Mae’s mission, to… Read more »

Valuation Management Group Discusses Handling a Revised Purchase Contract

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Valuation Management Group is actively working to stay on top of all trending appraisal and appraisal management services topics. One topic that has received much discussion recently is the change in sales price after the effective date of an appraisal report.  We have received many questions from both clients and appraisers on how this issue… Read more »

Valuation Management Group’s Appraisal Appeal Suggestions

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Valuation Management Group strives to keep its clients and appraisers informed about best practices in the real estate appraisal arena. An often asked question is, “What is the best way to handle a request for appraisal reconsideration or appraisal appeal?” Best practice begins with putting the request in writing. VMG utilizes a form titled Request… Read more »

Fannie Mae Collateral Policy & Technology Guidance For Appraisers

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Valuation Management Group co-hosted the Fannie Mae update webinar on February 22, 2017 to a maximum capacity of residential real estate appraisers. Julie Jones and Jeremy Staudenmaier, credit risk analysts for Fannie Mae, presented quality information. They answered many questions that were asked live on the chat by attending appraisers. They achieved the goal for… Read more »

Valuation Management Group Shares Statistical Data

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Valuation Management Group enjoys sharing appraisal and general real estate topics with our client and appraiser partners. We hope you find the following statistical data for 2016 and early 2017, as it relates to single family housing and trends, to be of interest. One data source we consulted was First Multiple Listing Service, Inc. (FMLS)…. Read more »