Appraisal Archives

How to Properly Determine Homeowners Insurance

John Manfred2023-01-19T13:50:06-05:00March 1st, 2023|Categories: Appraisal, Home Inspection, Real Estate|

As real estate professionals, it is essential to determine the proper homeowners insurance coverage for our clients. Not only must we make sure that our clients are adequately protected in the event of a disaster, but we must also ensure that they are not overpaying for coverage they don’t need or underpaying for coverage they do. So how can we know that we have recommended the correct insurance policy and amount of coverage? Let's take a look at what you need to consider when how to properly determine homeowners insurance. Types of Insurance Policies The first step when determining homeowners [...]

How to Select Good Comparables for Appraisals

John Manfred2023-01-19T13:47:55-05:00February 1st, 2023|Categories: Appraisal, Appraiser Assistant, Approved Continuing Education|

Real estate appraisers must consider many factors when determining a property's worth. One of the key components is selecting comparable properties. This process can be tricky. As there are many factors to consider and it requires more than just finding homes with similar square footage. Let’s look at some of the criteria for how to select good comparables for appraisals. What is a Comparable? A comparable is a property that has recently sold in the same market as the one being evaluated. The more similar the comparable is to the subject property, both in terms of location and physical attributes, [...]

How to Prepare an Unbiased Real Estate Report

John Manfred2023-01-15T11:08:48-05:00January 15th, 2023|Categories: Appraisal, Home Inspection, Real Estate|

Preparing a real estate report can be daunting. It is important to make sure that the report you compose is accurate and unbiased. As a real estate professional, it is your responsibility to ensure that all information provided in the report is factually correct and not influenced by any personal biases or opinions. In this blog post, we will discuss some of the best practices for how to prepare an unbiased real estate report. Gather Information from Multiple Sources When composing a real estate report, it is essential to do your research and gather information from multiple sources. This helps to [...]

Essential Tax Tips for Real Estate Agents

John Manfred2022-11-14T14:28:50-05:00November 15th, 2022|Categories: Appraisal, Home Inspection, Real Estate Business Tools|

Taxes are never easy to slog through, especially if you decide to work as your boss and even grow your business! So, we would like to help you with our essential tax tips for real estate agents. Necessary extensions Let us preface the more detailed essential tax tips for real estate agents to first tackle an important topic: tax filing deadlines. Now, your first year of doing business will likely be very hectic and challenging. You might find yourself in a position where you won’t make it in time to file all your taxes. So, what exactly should you do [...]

Opportunities in the Appraisal Industry

John Manfred2021-08-26T19:44:59-04:00June 15th, 2021|Categories: Appraisal, Appraiser Assistant|

It’s a good time to become a real estate appraiser! For a variety of reasons. Trained and certified appraisers are in higher demand than ever before. According to the Appraisal Institute. The number of licensed professional appraisers in the U.S. has declined each year for at least the past five years. Many professionals currently in the business are nearing retirement age. Which signals an even greater need for new blood. In turn, means more opportunities in the appraisal industry. Additionally, some real estate appraisers have left the “field” for in-house appraisal positions in banks and appraisal management companies. Some have stopped [...]

Opportunity is Everywhere All the Time

John Manfred2022-06-10T10:34:24-04:00September 4th, 2020|Categories: Appraisal, Home Inspection, Real Estate, Real Estate Salesperson|Tags: Advance Your Career|

Opportunity is everywhere all the time. With unemployment rates reaching record levels across the U.S., it’s difficult to feel optimistic about job security and financial freedom. If you are afraid of losing your job (or were already let go), don’t worry, I know how you feel. Most importantly, Opportunity is everywhere all the time, if you can't find it, create it. It is everywhere all the time. Opportunity is Everywhere Firstly, opportunity is everywhere. Taking advantage of those opportunities means having a get-er-done mindset. Go after them. There is frequently little need to contemplate too much over the small opportunities. Besides, [...]

Consider Becoming a Real Estate Appraiser

John Manfred2022-06-10T10:28:07-04:00August 19th, 2020|Categories: Appraisal, Real Estate|

Ever consider becoming a real estate appraiser or wonder where to start? What is a Real Estate appraiser assistant and where could it lead? Firstly, the appraiser assistant usually works with a supervisory appraiser or a team of appraisers. These assistants generally work in an office setting. Some travel may be possible depending on the employer and position. Moreover, typical employers for real estate appraiser assistants include real estate appraisal companies, realtors and banks. While many appraisers enjoy the benefits of an independent contractor. For example, positions with but not limited to, firms such as appraisal companies, financial institutions, private review [...]