The Federal Housing Administration, FHA, announced effective 10/1/2018 they will require a second appraisal on select reverse mortgage loans that are flagged by the agency as having the potential for an inflated property valuation.
Dart Appraisal offers insight clients may find useful. This includes a list of important characteristics to note, as well as potential situations, and the impact they may have on the valuation of a commercial property. We will discuss things one may see when either viewing commercial property directly, or in photographs depicted in an appraisal report.
Capitalization rates are one of the areas that receive a lot of analysis within the commercial appraisal world. Various firms and data services report monthly, quarterly, and annual trend data as it relates to capitalization rates. Capitalization is the conversion of income to value. A capitalization rate is the rate used to convert income into value.
Dart Appraisal’s commercial appraisal review team often encounter what appears to be a common misunderstanding about which value scenario should be used in handling proposed construction in an appraisal report, the hypothetical “As Complete” value scenario or the prospective “Upon Completion” value scenario.
Dart Appraisal always has two goals in mind – acquiring competitive bids for you and providing quality appraisals that meet your deadlines. As we focus on obtaining competitive bids and maintaining a quality level of service, we offer the following commercial appraisal tips to keep in mind…
The Mortgage Bankers Association Research group released a report highlighting market trends in relation to the commercial/multi-family real estate industry. 2017 was a record setting year for commercial real estate finance with $530 billion in loans backed by commercial and multifamily properties.
January 9, 2018 – Dart Appraisal is celebrating its 25th anniversary this year. In a marketplace where the majority of competitors were established following the real estate crash of 2008, Dart Appraisal is proud to have been providing full-service appraisal management solutions since 1993.
October 26, 2017 – HouseCanary, the leading provider of modern valuation and appraisal solutions, announced a partnership with top appraisal management company Dart Appraisal that will accelerate the growth of the HouseCanary Agile Appraisal™ Platform, a fast, flexible valuation platform with full USPAP and FIRREA compliance. Dart Appraisal will continue to optimize Agile Appraisal™’s industry-leading speed of appraisal turnaround by leveraging Dart appraisers to fulfill Agile Appraisal™ orders.
IS GREEN WORTH THE GREEN? APPRAISING ENERGY-EFFICIENT HOMES REQUIRES CLOSE COORDINATION By Michael Dresden, President, Dart Appraisal This article originally appeared in Scotsman Guide, September 2017 Energy costs, advances in technology, environmental concerns or the […]
June 6, 2017 – Dart Appraisal today announced that it has been named an approved Appraisal Management Company (AMC) by Ditech Financial LLC (“Ditech”). Dart Appraisal will immediately begin providing residential valuation services to all of Ditech’s mortgage origination channels.