Posts Categorized: Blog

One-of-a-Kind Home For Sale

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Valuation Management Group is highlighting a unique home that has historical significance, was designed by a famed architect, and features many intricate details. We think that you will find the details as interesting, as we did. First, here is a little about the architect, Frank Lloyd Wright. He was an American architect whose designs were contemporary… Read more »

Valuation Management Group Discusses Uniform Standards of Professional Appraisal Practice and Value Approaches

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Occasionally, Valuation Management Group will receive an inquiry about the approaches to value and when they are or are not applicable. As most industry participants know, there are three typical approaches to value in an appraisal report:  Cost Approach, Sales Comparison Approach, and Income Approach, summarized as follows: Cost Approach – The current cost of… Read more »

Valuation Management Group Discusses Appraiser Technology Tips

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The real estate market can be demanding for appraisers. As one of the top appraisal management companies working with skilled appraisers, Valuation Management Group would like to help you to get the most efficiency out of your day. Below are some appraisal tools and ideas that might help you streamline your work day: Smartphones allow… Read more »

Valuation Management Group Discusses Appraiser Critical Thinking – Does it Make Sense? Part 2

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One very important service Valuation Management Group provides its client partners is the review of residential and commercial appraisals prepared by independent appraisers. Appraisers must apply critical thinking in the writing of the report and VMG review appraisers must do the same during the review process. Applying critical thinking and asking the question “Does it… Read more »

Valuation Management Group Discusses Appraiser Critical Thinking – Does it Make Sense? Part 1

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One very important service Valuation Management Group provides its client partners is the review of residential and commercial appraisals prepared by independent appraisers. Appraisers must apply critical thinking in the writing of the report and VMG review appraisers must do the same during the review process. Applying critical thinking and asking the question “Does it… Read more »

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 »