For an overview of the March 11, 2014, roundtable at the White House Conference Center, take a look at my blog.  http://adomatis.wordpress.com/2014/03/16/green-mortgage-appraisal-r...

Tags: Green, Houses, Valuation, Valuing, appraisals, efficiency, energy

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The most interesting news is the Appraisal Institute’s opening the Green Appraiser Registry to all students that have successfully completed the green valuation courses and passed the exams for the Valuation of Sustainable Buildings Professional Development Program. Thanks to share informative Blog.

Thanks !

Mortgages Calculators

Would love see your slides, but the AI site requires login.  Can you post them here or email to me at emills@lbl.gov?  Thx.

Thanks for sharing Sandy!  As the AI industry guru in green, it's always wise to read your posts! 

The HES score is an easy model for folks to DIY on energy improvements, but I still stick to offering Energy Audits to my clients so they get the professional opinion of those in the field with 3rd party results based on the footprint of their home.  They love it during the inspection period as buyers and appreciate that extra layer of information.  

I look forward to hearing more as updates occur on valuation of green features.  That is the most difficult link in the chain, next to the uneducated and uniformed realtors and lenders in the industry. 

I'll be starting work to streamline the 60+ features we have on our MLS that my committee added in 2009 and 2014.  Since the National Association of Realtors and the Green Resource Council (Laura's work) has mainstreamed definitions for all MLS' to following, that should provide the right platform for all MLS's to be the same, except of course where some features relate to climate zones.  We'll be starting work on this mainstream effort soon in Phoenix.  Efforts like these take a lot of volunteer hours!  

Look forward to seeing you in Phoenix 8/27 & 28 as our instructor for our 2 Day Solar Course for Appraisers, Sandy.  You rock!  

Here's a recent piece of work that the Appraisal Foundation has contributed.  It focuses on defining competency for appraisers of green and high-performance bldgs (res and non-res).

  • Black, M., J.F. Finlay, P. Rusin, E. Mills, D. Briggs, T.W. Chappell, and T.P. Runde. 2015. “Valuation of Green and High Performance Properties: Background and Core Competency.”  APB Valuation Advisory #6, The Appraisal Foundation, Washington, DC, 46pp. [PDF]

Thanks for the link, Evan. I noticed that you were a contributor to the publication - very cool! 

I am overseeing a program in southern California where we are engaging with real estate professionals on home energy topics relevant to them and trying to facilitate integration at the real estate / home energy nexus. 

Curious if you have any thoughts on the impact of the AMCs and their process for matching appraisers to jobs on the ability to integrate this knowledge into the appraisal process. It seems that the structure drives appraisal jobs to the lowest bidder, thus disincentivizing appraisers to go above and beyond, get the training necessary to identify green features, and incorporate those features into their appraisal. Even when a seller specifically requests an appraiser who has this knowledge and skill base, it is still difficult to find someone with that background, let alone make sure they get assigned to the job. 

Hi David,

There are over 400 AMCs in the US and I would invite you to review the appraiser application for 5-10 of them and see how many ask about high performance valuation experience or education.  I've been doing this for the last 6 years and found only one that did address this appraiser competency and that is AXIS.  Every year I visit the AMC and Companies selling data to appraisers at conferences and ask them do you have green fields or do you have a database that can tell me how many appraisers have green education or experience.  Just did this last week in Dallas and the response was the same as the last 6 years, could you explain what you mean by green or high performance fields or experience?  It takes a village to change the process and until borrowers under their rights to a competent appraiser, lenders will not change their way of doing things.


David, what kind of program are you "engaging" real estate professionals?  Realtors need to be trained to be pro-active in the appraisal process on both sides of a transaction to ensure special features and owned solar systems are given value.  If they don't take charge of that process, they could be missing value.  Recently I was successful, after being contacted by a fellow office mate, in contacting the lender and giving them a link of the list of appraisers in Arizona who have taken Sandy's training on appraisalinstitute.org.  Worked like a charm in giving value.  I didn't give them one name, I gave them a list to choose from because the AMC didn't have any appraisers with the training on their list.  That was a  huge step and now my 200+ office mates understand how it's done.  

Sandra - Thanks so much. 

Jan - I agree, and I appreciate your tip about providing lenders an alternative resource to finding qualified appraisers. I bookmarked the link and shared with my colleague who can help spread the word. 

I'd be happy to share more info about our program if you reach out directly: david.siddiqui@clearesult.com

Best regards, 

David

David - holding 2 green designations, instructor and speaker panelist for the last few years on this topic leaves me with little time to restart another program.  e-mail me separately, jan@gotgreen.info.  Thanks!

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