Sentences with phrase «qualified appraiser»
A "qualified appraiser" is a person who has the necessary knowledge, experience, and credentials to assess the value or worth of something accurately. Full definition
* Qualified appraisal by qualified appraiser received prior to sale † Hypothetical case study, for illustrative purposes only.
schwabcharitable.org
Our Valuation & Advisory Services is part of a global network comprised of experienced, licensed, qualified appraisers who use local insights and their years of expertise to deliver accurate, reliable and prompt valuations.
Contributions of real estate to a charity or donor - advised fund account are generally deductible at fair market value — as determined by an independent qualified appraiser — on the date of contribution, whereas contributions of real estate to a private foundation are generally deductible at the lower of cost basis or market value.
Identifying a well qualified appraiser (or gatekeeper) is pivotal to the lender.
Mr. Plush oversees a staff of highly qualified appraisers at the international headquarters office in Sarasota, FL along with regional offices located in Birmingham, Boston, Los Angeles and Toronto.
If you're unhappy with the way the lenders you work with are sourcing their appraisals, make your voices heard so that you get the most competent, qualified appraiser doing that work.»
(See HUD 92563 application; HUD Handbook 4150.2) In effect, FHA qualified appraisers act as pseudo physical inspectors.
Don't rely on what you paid for your home; get two or three estimates from qualified appraisers.
Homebuyers also can ask whether the appraiser is directly engaged by the bank or whether the bank utilizes an appraisal management company, and what their procedures are for engaging qualified appraisers.
She also said competent and qualified appraisers know how to use distressed sales, such as foreclosures, as comparable sales when determining a reliable, credible opinion of value.
Stephens said that especially in a distressed market, competent and qualified appraisers with local market knowledge should be hired for difficult assignments.
Appraisers: Property appraisals performed by qualified appraisers are often required for financing, estate planning, divorce settlements, asset division and other purposes.
(Fair market value of the bitcoin, as determined by an independent qualified appraiser must be reported to the IRS by the donor on IRS Form 8283.)
«Homeowners should be sure to hire a highly competent, well qualified appraiser, such as a Designated member of the Appraisal Institute,» Borges said.
«Consumers have every right to demand the use of a highly qualified appraiser, someone with field experience in their market and knowledge and experience to handle the assignment properly.»
Under this proposal, issuers of syndicated mortgages would also be required to deliver property appraisals prepared by an independent, qualified appraiser.
The availability of these discounts, and the appropriate size of the discount, should be determined by a qualified appraiser or tax professional.
«For VA loan guaranty purposes, the «reasonable value» of a property is that figure which represents the amount a reputable and qualified appraiser, unaffected by personal interest, bias or prejudice, would recommend to a prospective purchaser as a proper price or cost in the light of prevailing conditions.»
Appraised value takes a more objective approach determining the value of property based on the experience and knowledge of a qualified appraiser.
Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property.
How can it be so much below a thorough appraisal performed by a qualified appraiser?
ADDITIONAL Commonwealth of Massachusetts DOR - Assessor Town of Mansfield (1 yr) Stone Hill College - Qualified Appraiser (personal reason) Academy of real estate - Sales agent 3 yrs American Sign Language (personal reason) Six Sigma Training CPR certified
Your attorney should be able to refer you to a qualified appraiser.
Appraisal: The written analysis of the estimated value of a property, as prepared by a qualified appraiser, which often determines if you will qualify for the loan.
For a few hundred dollars, a qualified appraiser can give you an estimate of your home's value.
In Ontario they can not even price a home, «In fact, RECO's rules prohibit a real estate broker or salesperson from giving an opinion or advice about valuation unless they have relevant education or experience as a qualified appraiser.»
Although appraisal review is best performed by qualified appraisers, consumers should examine the appraisal for potential deficiencies, says Amorin.
According to the Appraisal Institute, a qualified appraiser should be licensed or certified and also should be familiar with the local area.
Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property.
A qualified appraiser who has knowledge, experience and insight into the marketplace prepares the document.
NAR will also pursue legislative and regulatory efforts to require AMCs to retain competent and qualified appraisers.
That's why it's always important to use a qualified appraiser who assigns a realistic value to your home so there aren't any surprises.
Appraisal A written analysis of the estimated value of a property prepared by a qualified appraiser.