Appraisers do it better — using market trends to support opinion of value

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There have been a lot of big announcements in the last few months regarding investor requirements for market trending analysis. USPAP, Fannie, and Freddie are all adamant that appraisers still have to document market trends and neighborhood conditions, but haven't really spelled out what they require to be documented.  

When speaking with appraisers, there was some initial confusion on what was considered a market analysis. A lot of appraisers equate that term with what realtors provide to their customers, but in reality, the term market analysis means so much more.

A closer look at SmartAddress in TOTAL's newest update

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SmartAddress, our popular "previous versions" tool, got some big upgrades in the latest update. The changes are available to everyone — regardless of whether or not you decide to opt in to SmartExchange (our peer-sharing service).

A haunted inspection

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     On a cold, windy evening in October, Joe, an appraiser of 30 years, headed toward his last inspection after a long day. It was the house on Bates Avenue. The one everyone in town said was haunted. Of course Joe didn't believe in such things.
 
    In fact, he felt most stories about haunted homes, ghouls, and ghosts were hopelessly unoriginal and rather trite. So he headed to the inspection without so much as a second thought to its apparitional rumors. However, he failed to notice the sky grow darker as he approached the home on 1401 Bates. 

SmartExchange is here!

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Even if you missed our recent news about the release of SmartExchange, you probably noticed that the Side-by-Side grid in TOTAL looks and acts a little bit different now. Let's talk about some of the changes!

Square off so you never re-measure a property again

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Let’s say your day starts with a couple inspections.  Everything goes great but when you arrive back at your office, you realize that one of your sketches has a measurement that isn't quite right.  

Your only option is to put the rest of your work on hold to re-visit the property and measure again. 

But scheduling another appointment due to a sketching mistake can be awkward and take up a lot of valuable time. 

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