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Archive for September, 2009

September 29, 2009 U.S. Home Prices Show Three-Month Gain

U.S. home prices rose by 1.6% from June to July, according to The Standard & Poor’s Case-Shiller Home Price Index, which tracks the value of residential real estate in 20 metropolitan regions across the United States. Prices increased in 18 out of 20 of the cities tracked by the Index, one more than in June. [...]

September 24, 2009 Recent Articles About HVCC Changes

We’ve written several posts this year about the HVCC changes and how they affect the appraisal industry. You can read those articles here. Over the last two weeks, there have been a couple of articles written about how those changes affect not only appraisers, but home owners. The Seattle Times published an article that followed [...]

September 22, 2009 Types of Appraisal Value

When it comes to determining the value of a property, there are a number of types of value that a real estate appraisal can determine. The most common types are listed below. Market value is the price at which an asset would trade in a competitive auction setting. Market value is usually synonymous with open [...]

September 17, 2009 Appraisal Organizations Address Letter to the FHA

A number of appraisal organizations, including the Appraisal Institute, the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers, released a memo to the Federal Housing Administration (FHA) regarding the Home Valuation Code of Conduct (HVCC) and FHA’s possible adoption of elements of [...]

September 15, 2009 New SBA Changes to go into Effect October 1, 2009

We’ve been following the changes that the Small Business Association (SBA) has made to its SOP and have written about them here and here. The changes have resulted in businesses having difficulty securing funding, especially funding to put toward a business acquisition, so the SBA agreed to review its changes and decided to put amended [...]

September 10, 2009 The Education of an Appraiser

We’ve blogged about many different aspects of real estate appraisal, but where does it all begin? What does it take to become a real estate appraiser? And, what should you look for before engaging an appraiser? It can be somewhat confusing, so here is a brief overview of the education of an appraiser. To become [...]

September 8, 2009 What We Appraised on Our Summer Vacation

We have written a number of blog posts on machinery and equipment appraisals, including What’s It Worth? and Certified Machinery and Equipment Appraisal. We have talked about the complexities of appraisals for custom-made equipment, such as dies, molds, or custom machinery, and the importance of working with an experienced appraisal company to ensure that you [...]

September 3, 2009 Article for the NEBBI Newsletter

Chris Kinzie and Chris Spinelli of Present Value had an article featured in the latest National Equipment and Business Builders Institute (NEBBI) newsletter. The NEBBI is an international organization that trains and certifies certified machinery and equipment appraisers to perform appraisals that comply with USPAP standards, and Present Value is proud to be an NEBBI [...]

September 1, 2009 Bankruptcy & Restructuring Valuations

Bankruptcy is the process of handling the debt of a business that is not able to pay its liabilities. When a business enters bankruptcy proceedings, it is critical to assess the value of the business and its assets to begin the restructuring process. There are three general types of bankruptcy in which businesses will end [...]