Posts Tagged: appraisal

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 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 »

Extraordinary Assumptions in an Appraisal Report by Valuation Management Group

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Valuation Management Group serves as an appraisal management services company dealing with many unique appraisal issues and methodologies. As our quality assurance appraisal reviewers notice areas of interest, we strive to share these points of interest with our clients and appraisers to keep everyone informed. The Uniform Standards of Professional Appraisal Practice (USPAP) state in… Read more »

Valuation Management Group’s Holiday Tips for Appraisers

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We are starting to enter the holiday season when we all take some well deserved time off to spend moments with friends and family or possibly, just have some personal down time to relax from the busy year that has been. As a nationwide appraisal management company, Valuation Management Group strives to provide the best… Read more »

Valuation Management Group Discusses the Appraisal Process and Appraisal Management Companies with Appraiser, Russell Roberts

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Valuation Management Group values our relationships with both clients and appraisers.  Recently, Vicky Thompson, Valuation Management Group CEO, spoke with a VMG appraiser partner, Russell Roberts, a commercial appraiser in Kentucky, and they discussed different aspects in the appraisal process.   Russell Roberts included this conversation in a recent blog post titled, “Community Banks: How Appraisal… Read more »

Determining A New Appraisal Assignment

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Valuation Management Group, as part of our appraisal management services, strives to advise our clients and appraisers on common appraisal related issues.  A request that we receive very often is to “Change the Client/Lender Name on the Appraisal Report.” The Client and Intended User cannot be changed on the appraisal without it being considered a… Read more »

Valuation Management Group Ensures Quality Reviews and Great Service – Appraisal Management Services

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Valuation Management Group (VMG) understands the importance in our clients and appraisers being able to communicate with our staff.  Any client or appraiser who works with us has the direct phone number and email address for the Quality Assurance Reviewer and the Client specialist. During business hours, VMG never utilizes an auto attendant phone system,… Read more »

National Association of Professional Mortgage Women –NAPMW

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The NAPMW was established 52 years ago with the purpose of providing an organization to promote women in mortgage lending professions. Recently, the annual educational meeting was held in Las Vegas. Vicky Thompson, VMG CEO and a member of the NAPMW since 1995, attended the event. The association had a number of motivational and educational… Read more »

Tips for Appraisal Appeal

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Valuation Management Group is happy spring is here! Spring is typically the season when sellers get busy listing their property and buyers get busy looking for a new home.  As the real estate purchase activity increases, there may be concern that the appraised value will not meet or exceed the contracted purchase price.  This is… Read more »

How Appraisal Fees Are Determined On Complex Properties

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Appraisers are licensed, trained professionals whose fees are determined by the scope of work and the complexity of the appraisal assignment. The more complex the property, the more time the appraiser must employ inspecting, researching, and developing their opinion of value which must  be presented in a well written appraisal report. Valuation Management Group requires… Read more »