Extraordinary Assumptions in Real Real Estate Appraisal, the use of extraordinary assumptions plays a vital role in ensuring the accuracy and reliability of property valuations. An extraordinary assumption is a crucial element where an appraiser assumes a certain condition to be true without concrete evidence to support it. These assumptions are made when essential information…
Discover the best real estate appraisal books for real estate professionals to enhance your knowledge and expertise in the appraisal profession. Whether you are a seasoned appraiser or just starting your journey, these books offer valuable insights into the principles and procedures of real estate appraisal, complemented by the best real estate appraisal software for…
In the dynamic landscape of real estate, staying ahead of the curve is paramount for real estate appraisers aiming to streamline their processes and deliver accurate, efficient, and compliant assessments using cutting-edge technology tools for appraisers. The advent of technology has brought forth a myriad of appraiser tools tailored to improve service and enhance every…
Extraordinary Assumption or Hypothetical Condition? In real estate appraisals, there can be confusion around the distinction between an extraordinary assumption vs hypothetical condition. Some appraisers mistakenly use terms like “hypothetical assumption” or “extraordinary condition,” further muddying the waters. To clarify, an extraordinary assumption and a hypothetical condition are two distinct concepts that play a crucial…
Professionals in the real estate industry are now relying on high-quality appraisal software tools to get professional results that give them an edge over their competitors. In 2023, selecting the right program can be difficult, considering all available options and features. To ensure you pick exactly what your business needs for success, we have rounded…