13th October 2022

IRS Appraiser Jobs for Qualified Appraisers

Vacancy No.23-11686117P-LBX-1171-13DepartmentInternal Revenue Service
Salary$94,373.00 to $142,595.00Grade13 to 13
Perm/TempPermanentFT/PTFull-time
Open Date10/13/2022Close Date10/12/2023
Job LinkApply OnlineWho may applyStatus Candidates
Locations:
CENTRAL, AZPHOENIX, AZLOS ANGELES, CASACRAMENTO, CASAN DIEGO, CADENVER, CONEW HAVEN, CTFORT LAUDERDALE, FLTAMPA, FLWEST PALM BEACH, FLATLANTA, GACHICAGO, ILBALTIMORE, MDLOWELL, MASUDBURY, MAMINNEAPOLIS, MNBALLWIN, MONEW YORK, NYPORTLAND, ORAUSTIN, TXHOUSTON, TXPOINT, TXSAN ANTONIO, TXSEATTLE, WA
Job Description (Please follow all instructions carefully)
http://federalgovernmentjobs.us/jobs/Senior-Appraiser-Month-Register-683063900.html?id=571d22f6-5d31-49b5-9696-e5d758db29c2&utm_source=fgj&utm_medium=email&utm_campaign=agent

Open & closing dates10/13/2022 to 10/12/2023Salary$94,373 – $142,595 per yearPay scale & gradeGS 13Locations12 vacancies in the following locations:4041 N. Central Avenue Phoenix, AZ300 N. Los Angeles St Los Angeles, CA4330 Watt Ave Sacramento, CA333 W. Broadway San Diego, CA1999 Broadway Denver, CO150 Court Street New Haven, CT7850 SW 6th Court Plantation, FL2203 N. Lois Ave Tampa, FL625 N. Flagler Drive West Palm Beach, FL2888 Woodcock Blvd. Atlanta, GA230 S. Dearborn Street Chicago, IL31 Hopkins Plaza Baltimore, MD310 Lowell Street Andover, MA15 New Sudbury Street Boston, MA1550 American Blvd East Bloomington, MN1122 Town and Country Commons Chesterfield, MO290 BWY – Foley Square New York, NY1220 SW 3rd Ave Portland, OR12309 N. Mopac EXPWY Austin, TX1919 Smith Houston, TX8122 Data Point Dr San Antonio, TX915 Second Ave Seattle, WA

Remote jobNoTelework eligibleYes—as determined by the agency policy.Travel Required25% or less – You may be expected to travel for this position.Relocation expenses reimbursedNoAppointment typePermanent -Work scheduleFull-time -ServiceCompetitivePromotion potential13Job family (Series)1171 AppraisingSupervisory statusNoSecurity clearanceNot RequiredDrug testNoPosition sensitivity and riskHigh Risk (HR)Trust determination processSuitability/FitnessAnnouncement number23-11686117P-LBX-1171-13Control number683063900This job is open toCareer transition (CTAP, ICTAP, RPL)Federal employees who meet the definition of a “surplus” or “displaced” employee.Military spousesThe publicU.S. Citizens, Nationals or those who owe allegiance to the U.S.Clarification from the agencyOpen to U.S. Citizens/NationalsDutiesWHAT IS THE LARGE BUSINESS AND INTERNATIONAL (LB&I) DIVISION?

A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisions

Vacancies will be filled in the following specialty areas: Large Business and International, Director of Eastern Compliance, DFO Engineering

This is a position of the senior appraiser in an IRS district office with responsibility for appraisal projects that are highly complex and controversial. Functions as a technical authority on issues requiring the application of new theories and standards to appraisal problems: not susceptible to treatment by accepted and established procedures; or no accepted or established appraisal procedures exist.

The following are the duties of this position at the full working level. If this vacancy includes more than one grade and you are selected at a lower grade level, you will have the opportunity to learn to perform these duties and receive training to help you grow in this position.Performs unique, often controversial, and precedent setting appraisals of real and personal property where the appraisal will have significant tax impact, affect large segments of taxpayers, and will involve intense public scrutiny, with potential to affect legislative change. Provides expertise to government attorneys on cases with probable litigation potential. Serves as expert witness in U.S. Tax Court or U.S. District Court.Personally performs appraisals and reviews appraisals prepared by recognized experts and authorities in the industry and other valuation specialists in the group. Conducts conferences with taxpayers, representatives, and experts to explain findings which are often vigorously contested. Prepares appraisal reports which represent the Service’s position and documents conclusions with accurate facts and arguments for unagreed issues.Examines and appraises extensive property holdings in estate portfolios of prominent, recognized business, entertainment and industry leaders often widely publicized and intensely scrutinized.Serves as a team member on CEP and large business examinations. Identifies and develops significant issues which may be unusual and unique, subject to interpretation and may be adopted as the Service position in all similar cases. Issues are often complicated by numerous layers of related corporations and partnerships, self serving contracts and legal agreements, creative financing and conflicting economic or business options and alternatives.Observes and studies materializing trends in the appraisal industry and promulgates the application of emerging theory and methodology to affect changes in Service practice and policy.Requirements Conditions of EmploymentMust be a U.S. Citizen or National and provide proof of U.S. Citizenship. (Birth certificate showing birth in the U.S; Unexpired U.S. Passport; Certificate of Citizenship or Naturalization; or Report of Birth Abroad of a U.S. Citizen (Form FS-240))Undergo a review of prior performance/conduct and an income tax verification. Refer to “Get Your Tax Record” at http://www.irs.gov/(https://www.irs.gov/individuals/get-transcript) to check the status of your account, balance owed, payment history, make a payment, or review answers to tax questions. If you are not in compliance, you will be determined unsuitable for employment with IRS.Must successfully complete a background investigation, including a FBI criminal history record check (fingerprint check).Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S. These documents must be unexpired original or certified copies.QualificationsFederal experience is not required. The experience may have been gained in the public sector, private sector or Volunteer Service. One year of experience refers to full-time work; part-timework is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/year, and indicate number of hours worked per week, on your resume.You must meet the following requirements by the closing date of this announcement:

You must have 1 year of specialized experience at a level of difficulty and responsibility equivalent to the GS-13 grade level in the Federal service. Specialized experience for this position includes: experience that is related to the work of this position and has provided you with the competencies required for successful job performance. Specialized Experience is experience in independently preparing and completing self-contained appraisal reports of residential and commercial properties (does not include reviewing reports); applying the methodology for discount cash flow; conducing field appraisal work; experience with the three methods (market, income, cost) of appraising properties; defending work product in front of a local government authority, court or IRS audits; using National and local property databases to research; gather and interpret information to determine their effect on value and arrive at fair market value; writing logical, succinct and meaningful written documents; experience dealing with hostile customers regarding valuations; and experience using computers and off the shelf software (including Microsoft word and excel).For more information on qualifications please refer to OPM’s Qualifications Standards.EducationFor positions with an education requirement, or if you are qualifying for this position by substituting education or training for experience, submit a copy of your transcripts or equivalent. An official transcript will be required if you are selected.

A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Department of Education Accreditation page.

FOREIGN EDUCATION: Education completed in foreign colleges or universities may be used to meet the requirements. You must show proof the education credentials have been deemed to be at least equivalent to that gained in conventional U.S. education program. It is your responsibility to provide such evidence when applying. Click here for Foreign Education Credentialing instructions.Additional informationSubject to a 1-year probationary period (unless already completed).Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.We may select from this announcement or any other source to fill one or more vacancies. Additional jobs may be filled.The salary range indicated in this announcement reflects the minimum locality pay up to maximum locality pay for all duty locations listed. The range will be adjusted for selected duty location. General Schedule locality pay tables may be found under Salaries & Wages.This is a bargaining unit position.Tour of Duty: Day Shift, Monday – Friday, 8:00am – 4:30pmAlternative work schedule, staggered work hours or telework may be available.Relocation expenses – noMay file a Confidential Financial Disclosure Report within 30 days of appointment and annually from then on.The employment of any candidate, including a current employee or a new hire, selected for this position will be conditional on obtaining and maintaining a High Risk Security Clearance.Obtain and use a Government-issued charge card for business-related travel.May be eligible for telework based on IRS policy. If you are in a telework eligible position, you may be directed to temporarily telework on a full-time basis due to COVID 19. Employees must be within a 200-mile radius of their official assigned post-of-duty (POD) while in a telework status. Once normal operations resume, employees may be directed back to the office to perform the duties of their position. Telework eligibility does not guarantee telework; employees must meet and sustain IRS telework eligibility requirements and supervisor’s approval to participate in the IRS Telework Program. As a reminder – If you are selected for a position, you are responsible for reporting to your designated POD (location) on the negotiated start date or as directed by management.This is an open continuous announcement which allows applicants to apply up to the closing date of the announcement 10/12/2023. The register will be used to fill an anticipated 12 vacancies. Selections may be made from certificates issued up to 12 months after the 1st cut-off date listed below. Contingent upon funding and space requirements, one or more vacancies may be filled at the locations listed in this announcement as they become available. Applicants need to apply and/or update their applications by 11:59 pm ET at the close of 11/14/2022. This announcement may be amended to include additional cut-off dates within the 12-month period if needed, not later than 5 workdays prior to the cut-off date or the final selection date.It is anticipated that there will be significant interest in the announcement. As a result, the announcement will have cut-offs for applicant consideration. Eligible applicants who apply by 11:59 pm ET 11/14/2022 will be considered first. All other applicants will be considered in Quality Group order as needed, to fill remaining vacancies. Any required documents should be submitted at the time that you apply – documents will not be accepted after the vacancy closes. This announcement may be closed early if sufficient applicants apply to fill the anticipated vacancies.BenefitsA career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.Review our benefitsEligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.How You Will Be EvaluatedYou will be evaluated for this job based on how well you meet the qualifications above.Your application includes your resume, responses to the online questions, and required supporting documents. Please be sure that your resume includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your resume may result in a “not qualified” determination.

Rating: You will be assessed on the following competencies (knowledge, skills, abilities, and other characteristics):Oral Communication/SpeakingPlanning and EvaluatingReal EstateWritingCategory rating will be used to rank and select eligible candidates. If qualified, you will be assigned to one of two quality level categories, CAT A/B, CAT C depending on your responses to the online questions, regarding your experience, education, and training related to this position. Your rating may be lowered if your responses to the online questions are not supported by the education and/or experience described in your application.Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. Candidates, if required to participate in a selection interview (telephonic and/or in person at the discretion of the Selecting Official in accordance with hiring practices), will be interviewed in quality group order. We will not reimburse costs related to the interview such as travel to and from the interview site.Veterans’ preference is applied after applicants are assessed. Preference-eligibles will be listed at the top of their assigned quality group and considered before non-preference-eligibles in that quality group. Qualified preference-eligibles with a compensable service-connected disability of 10% or more will be listed at the top of the highest quality group for this position. For scientific and professional positions Qualified preference-eligibles with a compensable service-connected disability of 10% or more will be listed at the top of the highest category for this position, except at the GS-09 and above.If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP), you must receive a rating of category CAT C to be rated as “well qualified” to receive special selection priority.BenefitsA career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.Review our benefitsEligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.Required DocumentsAs a new or existing federal employee, you and your family may have access to a range of benefits. Your benefits depend on the type of position you have – whether you’re a permanent, part-time, temporary or an intermittent employee. You may be eligible for the following benefits, however, check with your agency to make sure you’re eligible under their policies.The following documents are required and must be provided with your application. All application materials, including transcripts, must be in English.Resume – Your resume MUST contain dates of employment (i.e., month/year to month/year or to present). To ensure you receive full credit for relevant experience, include the hours worked per week. We recommend that your resume not exceed 5 pages, only the first 5 pages will be reviewed to determine your eligibility/qualifications. If including Federal service experience, provide pay plan, series and grade, i.e. GS-0301-09. Your resume must NOT include photographs, inappropriate content, or personal information such as age, gender, religion, social security number. If your resume does not contain the required information specified, or contains prohibited information as listed above, your application will be determined incomplete, and you will not receive consideration for this position. (Cover letters are optional.) Please view Resume Tips.Online Application – QuestionnaireEducation – See Education Section aboveRegistration/License (if applicable) – active, current registration/licenseVeterans’ Preference (if applicable) – You MUST submit a copy of your DD-214 (Member 4 copy), or other official documentation from a branch of the Armed Forces or the Department of Veterans Affairs showing dates of service and type of discharge. If you are serving under active duty, provide certification from the Armed Forces that you will be discharged or released within 120 days from the date of certification. The certification must indicate your dates of service, rank and that you will be separated under honorable conditions. Submit an Application for 10-point Veteran Preference, SF-15, along with the required documentation listed on the back of the form if you are a 10-point preference eligible. For more information on veterans’ preference view FedsHireVets.Military Spouses (if applicable) – You MUST submit verification of the marriage to the service member (i.e., a marriage license or other legal documentation verifying marriage) AND:a copy of your spouse’s active military orders; ORverification of your spouse’s 100% service-connected disability (e.g., VA Letter and/or DD-214); ORverification of the service member’s death while on active duty (DD-1300/Death Certificate). You are not eligible if you were not married to the veteran at the time of death or have since remarried.Career Transition Assistance Plan (CTAP) (if applicable) – You MUST submit the required documentation as outlined at: Career Transition Assistance Plan (CTAP). If you are an IRS CTAP eligible, you can apply for jobs within and outside the commuting area. If you are a Treasury CTAP eligible can apply for jobs within the commuting area.Interagency Career Transition Assistance Plan (ICTAP) (if applicable) – If you are a displaced or surplus Federal employee, click Interchange Career Transition Assistance Plan (ICTAP) for eligibility and a detailed list of required documents.Please note that if you do not provide all required information, as specified in this announcement, your application will be determined incomplete, and you will not be considered for this position (or may not receive the special consideration for which you may be eligible).How to ApplyThe following instructions outline our application process. You must complete this application process and submit any required documents by 11:59 p.m. Eastern Time (ET) on 10/12/2023 and/or cut-off dates in this announcement. We are available to assist you during business hours (normally 8:00 a.m. – 4:00 p.m. ET, Monday – Friday). If applying online poses a hardship, please contact us by noon ET on 10/12/2023.

To preview the Application Questionnaire, please click the following link: https://apply.usastaffing.gov/ViewQuestionnaire/11686117To begin the application process, click the “Apply Online” button.You will be re-directed to USA STAFFING to complete your application process; answer the online questions and submit all required documents. (To submit supporting documents, import documents from USAJOBS to the appropriate document types. If the document you need was not imported from USAJOBS, you may upload it directly into this application. To protect your privacy, we suggest you first remove your SSN).To complete, you must click the “Submit Application” button prior to 11:59 PM (ET) on 10/12/2023.To update your application, including supporting documentation, at any time during the announcement open period, return to your USAJOBS account (https://my.usajobs.gov/Account/Login). There you will find a record of your application, the application status, and an option to Update Application. This option will no longer be available once the announcement has closed.To verify the status of your application both during and after the announcement open period, log into your USAJOBS account: https://my.usajobs.gov/Account/Login . All of your applications will appear on the Welcome page. The application record in your USAJOBS account provides an Additional Application Information page that provides information regarding the documentation you submitted and any correspondence we have sent related to this application. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.Agency contact information IRS Philadelphia ExternalEmailHco.phl.ext@irs.govAddressLarge Business and International Director Eastern Compliance
1111 Constitution Ave NW
Washington, DC 20224
USLearn more about this agencyNext stepsTreasury believes in a working environment that supports inclusion; please view our reasonable accommodation policies and procedures at https://www.jobs.irs.gov/midcareer/reasonable-accommodation.html. We provide reasonable accommodation to applicants with disabilities on a case-by-case basis; contact us if you require this for any part of the application and hiring process.

Once your application package and online questionnaire is received you will receive an acknowledgement email. You are responsible for checking status updates and notifications in USAJOBS. Hard copy notifications will not be sent to you. You may check the status of your application for this position at any time by logging onto the USAJOBS “My Account” tab and clicking on “Application Status.” For a more detailed update of your application status, you may click on “more information.” Please notify us if your contact information changes after the closing date of the announcement. If your email mailbox is full or blocked (SPAM) you may not receive important communication that could affect your consideration for this position.Fair and TransparentThe Federal hiring process is set up to be fair and transparent. Please read the following guidance.Equal Employment Opportunity (EEO) PolicyReasonable accommodation policyFinancial suitabilitySelective ServiceNew employee probationary periodSignature and false statementsPrivacy ActSocial security number requestRequired DocumentsThe following documents are required and must be provided with your application. All application materials, including transcripts, must be in English.Resume – Your resume MUST contain dates of employment (i.e., month/year to month/year or to present). To ensure you receive full credit for relevant experience, include the hours worked per week. We recommend that your resume not exceed 5 pages, only the first 5 pages will be reviewed to determine your eligibility/qualifications. If including Federal service experience, provide pay plan, series and grade, i.e. GS-0301-09. Your resume must NOT include photographs, inappropriate content, or personal information such as age, gender, religion, social security number. If your resume does not contain the required information specified, or contains prohibited information as listed above, your application will be determined incomplete, and you will not receive consideration for this position. (Cover letters are optional.) Please view Resume Tips.Online Application – QuestionnaireEducation – See Education Section aboveRegistration/License (if applicable) – active, current registration/licenseVeterans’ Preference (if applicable) – You MUST submit a copy of your DD-214 (Member 4 copy), or other official documentation from a branch of the Armed Forces or the Department of Veterans Affairs showing dates of service and type of discharge. If you are serving under active duty, provide certification from the Armed Forces that you will be discharged or released within 120 days from the date of certification. The certification must indicate your dates of service, rank and that you will be separated under honorable conditions. Submit an Application for 10-point Veteran Preference, SF-15, along with the required documentation listed on the back of the form if you are a 10-point preference eligible. For more information on veterans’ preference view FedsHireVets.Military Spouses (if applicable) – You MUST submit verification of the marriage to the service member (i.e., a marriage license or other legal documentation verifying marriage) AND:a copy of your spouse’s active military orders; ORverification of your spouse’s 100% service-connected disability (e.g., VA Letter and/or DD-214); ORverification of the service member’s death while on active duty (DD-1300/Death Certificate). You are not eligible if you were not married to the veteran at the time of death or have since remarried.Career Transition Assistance Plan (CTAP) (if applicable) – You MUST submit the required documentation as outlined at: Career Transition Assistance Plan (CTAP). If you are an IRS CTAP eligible, you can apply for jobs within and outside the commuting area. If you are a Treasury CTAP eligible can apply for jobs within the commuting area.Interagency Career Transition Assistance Plan (ICTAP) (if applicable) – If you are a displaced or surplus Federal employee, click Interchange Career Transition Assistance Plan (ICTAP) for eligibility and a detailed list of required documents.Please note that if you do not provide all required information, as specified in this announcement, your application will be determined incomplete, and you will not be considered for this position (or may not receive the special consideration for which you may be eligible).How to ApplyThe following instructions outline our application process. You must complete this application process and submit any required documents by 11:59 p.m. Eastern Time (ET) on 10/12/2023 and/or cut-off dates in this announcement. We are available to assist you during business hours (normally 8:00 a.m. – 4:00 p.m. ET, Monday – Friday). If applying online poses a hardship, please contact us by noon ET on 10/12/2023.

To preview the Application Questionnaire, please click the following link: https://apply.usastaffing.gov/ViewQuestionnaire/11686117To begin the application process, click the “Apply Online” button.You will be re-directed to USA STAFFING to complete your application process; answer the online questions and submit all required documents. (To submit supporting documents, import documents from USAJOBS to the appropriate document types. If the document you need was not imported from USAJOBS, you may upload it directly into this application. To protect your privacy, we suggest you first remove your SSN).To complete, you must click the “Submit Application” button prior to 11:59 PM (ET) on 10/12/2023.To update your application, including supporting documentation, at any time during the announcement open period, return to your USAJOBS account (https://my.usajobs.gov/Account/Login). There you will find a record of your application, the application status, and an option to Update Application. This option will no longer be available once the announcement has closed.To verify the status of your application both during and after the announcement open period, log into your USAJOBS account: https://my.usajobs.gov/Account/Login . All of your applications will appear on the Welcome page. The application record in your USAJOBS account provides an Additional Application Information page that provides information regarding the documentation you submitted and any correspondence we have sent related to this application. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.Agency contact information IRS Philadelphia ExternalEmailHco.phl.ext@irs.govAddressLarge Business and International Director Eastern Compliance
1111 Constitution Ave NW
Washington, DC 20224
USLearn more about this agencyNext stepsTreasury believes in a working environment that supports inclusion; please view our reasonable accommodation policies and procedures at https://www.jobs.irs.gov/midcareer/reasonable-accommodation.html. We provide reasonable accommodation to applicants with disabilities on a case-by-case basis; contact us if you require this for any part of the application and hiring process.

Once your application package and online questionnaire is received you will receive an acknowledgement email. You are responsible for checking status updates and notifications in USAJOBS. Hard copy notifications will not be sent to you. You may check the status of your application for this position at any time by logging onto the USAJOBS “My Account” tab and clicking on “Application Status.” For a more detailed update of your application status, you may click on “more information.” Please notify us if your contact information changes after the closing date of the announcement. If your email mailbox is full or blocked (SPAM) you may not receive important communication that could affect your consideration for this position.Fair & TransparentThe Federal hiring process is set up to be fair and transparent. Please read the following guidance.Equal Employment Opportunity (EEO) PolicyReasonable accommodation policyFinancial suitabilitySelective ServiceNew employee probationary periodSignature and false statementsPrivacy ActSocial security number requestOverviewAccepting applicationsOpen & closing dates10/13/2022 to 10/12/2023Salary$94,373 – $142,595 per yearPay scale & gradeGS 13Locations12 vacancies in the following locations:4041 N. Central Avenue Phoenix, AZ300 N. Los Angeles St Los Angeles, CA4330 Watt Ave Sacramento, CA333 W. Broadway San Diego, CA1999 Broadway Denver, CO150 Court Street New Haven, CT7850 SW 6th Court Plantation, FL2203 N. Lois Ave Tampa, FL625 N. Flagler Drive West Palm Beach, FL2888 Woodcock Blvd. Atlanta, GA230 S. Dearborn Street Chicago, IL31 Hopkins Plaza Baltimore, MD310 Lowell Street Andover, MA15 New Sudbury Street Boston, MA1550 American Blvd East Bloomington, MN1122 Town and Country Commons Chesterfield, MO290 BWY – Foley Square New York, NY1220 SW 3rd Ave Portland, OR12309 N. Mopac EXPWY Austin, TX1919 Smith Houston, TX8122 Data Point Dr San Antonio, TX915 Second Ave Seattle, WARemote jobNoTelework eligibleYes—as determined by the agency policy.Travel Required25% or less – You may be expected to travel for this position.Relocation expenses reimbursedNoAppointment typePermanent -Work scheduleFull-time -ServiceCompetitivePromotion potential13Job family (Series)1171 AppraisingSupervisory statusNoSecurity clearanceNot RequiredDrug testNoPosition sensitivity and riskHigh Risk (HR)Trust determination processSuitability/FitnessAnnouncement number23-11686117P-LBX-1171-13Control number683063900

posted in Appraiser News | Comments Off on IRS Appraiser Jobs for Qualified Appraisers

19th September 2022

Appraisal Jobs with the Department of Agriculture

AppraiserMADISON, WIGovDepartment of Agriculture09/23/2022
AppraiserVERNON, TXGovDepartment of Agriculture09/23/2022
AppraiserSULPHUR SPRINGS, TXGovDepartment of Agriculture09/23/2022
AppraiserLUBBOCK, TXGovDepartment of Agriculture09/23/2022
AppraiserFORT STOCKTON, TXGovDepartment of Agriculture09/23/2022
AppraiserNASHVILLE, TNGovDepartment of Agriculture09/23/2022
AppraiserMEMPHIS, TNGovDepartment of Agriculture09/23/2022
AppraiserJACKSON, TNGovDepartment of Agriculture09/23/2022
AppraiserCHATTANOOGA, TNGovDepartment of Agriculture09/23/2022
AppraiserWATERTOWN, NYGovDepartment of Agriculture09/23/2022
AppraiserTROY, NYGovDepartment of Agriculture09/23/2022
AppraiserSTOCKTON, NYGovDepartment of Agriculture09/23/2022
AppraiserHIGHLAND, NYGovDepartment of Agriculture09/23/2022
AppraiserEAST LANSING, MIGovDepartment of Agriculture09/23/2022
AppraiserCHARLOTTE, MIGovDepartment of Agriculture09/23/2022
AppraiserCARO, MIGovDepartment of Agriculture09/23/2022
AppraiserSPRINGFIELD, ILGovDepartment of Agriculture09/23/2022
AppraiserROCKFORD, ILGovDepartment of Agriculture09/23/2022
AppraiserTEXARKANA, ARGovDepartment of Agriculture09/23/2022
AppraiserLITTLE ROCK, ARGovDepartment of Agriculture09/23/2022
AppraiserJONESBORO, ARGovDepartment of Agriculture09/23/2022
AppraiserFAYETTEVILLE, ARGovDepartment of Agriculture09/23/2022
Vacancy No.FSA-22-11639484-DE-DAFLP-MCDepartmentFarm Service Agency
Salary$88,789.00 to $115,430.00Grade12 to 12
Perm/TempPermanentFT/PTFull-time
Open Date9/13/2022Close Date9/23/2022
Job LinkApply OnlineWho may applyStatus Candidates

Summary

This position is located in the Farm Service Agency, Deputy Administrator for Farm Loan Programs, Program Operations and Appraisals Division.

Position may be remote in the states of AR, IL, MI, NY, TN, TX and WI for qualified candidates

This position provides the opportunity for recruitment incentive up to $19,840 based on eligibility requirements.

Relocation incentive opportunity available for federal employee incumbent movement to Texas or within Texas to an area of higher appraisal volume.Overview

This job is open to

  • Career transition (CTAP, ICTAP, RPL)Federal employees who meet the definition of a “surplus” or “displaced” employee.
  • The publicU.S. Citizens, Nationals or those who owe allegiance to the U.S.

Duties

  • Applies a wide range of standard appraisal concepts, principles and practices to determine the market value of real property and chattel property associated with direct and guaranteed loan making and loan servicing activities.
  • Evaluates impact of new or modified appraisal, real estate, tax, and agricultural legislation on current and projected appraisal standards.
  • Serves, as required, as the technical expert representative and/or witness in legal or Agency appeal proceedings to justify complex and complicated appraisals, including those performed by contracted appraisers.
  • Applies and correlates the basic valuation approaches and modifies and adapts standard appraisal techniques to estimate property values.

Requirements Conditions of Employment

  • You must be a US Citizen or US National
  • Males born after 12/31/1959 must be Selective Service registered or exempt
  • Subject to satisfactory adjudication of background investigation and/or fingerprint check
  • Successful completion of one-year probationary period, unless previously served.
  • Direct Deposit: Per Public Law 104-134 all Federal employees are required to have federal payments made by direct deposit to their financial institution
  • Successfully pass the E-Verify employment verification check. To learn more about E-Verify, including your rights and responsibilities, visit E-Verify at https://www.e-verify.gov/

QualificationsFor the GS-12 level: One full-time year of specialized work experience equivalent in difficulty and responsibility to the GS-11 level in the Federal service. Specialized experience must demonstrate experience in applying a wide range of appraisal concepts, principles, practices, and techniques in order to determine market value of real and chattel property which have complex characteristics and complicated valuation problems.

SELECTIVE PLACEMENT FACTOR: A current Certified General Appraiser license in at least one state whose certification standards comply with the minimum Federal standards for general appraiser certification in compliance with Title XI of the Financial Institution Reform, Recovery, and Enforcement Act of 1989 (FIRREA) (You must provide a copy of your current appraiser license with your application in order to be considered).

Applicants must meet all qualifications and eligibility requirements by the closing date 09/23/2022 of the announcement including specialized experience and/or education, as defined.

The positions are remote work eligible. Remote work allows employee the opportunity to work from residence. Location Negotiable After Selection. Duty location will be determined upon selection and must be within any of the States below:

  • Wisconsin
  • Illinois
  • Michigan
  • New York
  • Tennessee
  • Arkansas

Incumbent for Texas, location priority would be:

  • Dallas-Fort Worth, TX (Hopkins County)
  • Lubbock, TX (Lubbock County)
  • Vernon, TX (Wilbarger County)
  • Fort Stockton, TX (Pecos County)

Relocation incentive available for incumbent federal employee only.

For more information on the qualifications for this position, click here: http://www.opm.gov/qualifications/Standards/group-stds/gs-admin.asp.

Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.Education

THE SUBSTITUTION OF EDUCATION FOR EXPERIENCE IS NOT QUALIFYING AT THE GS-12 LEVEL.Additional information

  • Career Transition Assistance Plan (CTAP), Reemployment Priority List (RPL), or Interagency Career Transition Assistance Plan (ICTAP): Visit the OPM website for information on how to apply as a CTAP, RPL, or ICTAP eligible. To exercise selection priority for this vacancy, CTAP/RPL/ICTAP candidates must meet the basic eligibility requirements and all selective factors. CTAP/ICTAP candidates must be rated and determined to be well qualified (or above) based on an evaluation of the competencies listed in the How You Will Be Evaluated section. When assessed through a score-based category rating method, CTAP/ICTAP applicants must receive a rating of at least 85 out of a possible 100.
  • This position is eligible for telework within the local commuting area of the position, remote work, and other flexible work arrangements. Current USDA policy includes telework for an 8 hour work day, 4 days per week; remote work from residence and other flexibilities are possible dependent upon availability and/or the position and its associated duties. Employee participation is at the discretion of the supervisor.
  • Recruitment and/or relocation incentives may be authorized. Relocation incentive may be authorized to or within TX for federal employee incumbent only.

Benefits

A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.

Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.How You Will Be Evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Applications will be evaluated in accordance with Office of Personnel Management’s (OPM) Delegated Examining Procedures and USDA policy using category rating. Applicants who meet basic minimum qualifications will be placed in one of three categories: Best Qualified, Well Qualified, or Qualified. Within these categories, applicants eligible for veteran’s preference will receive selection priority over non-veterans. Category placement will be determined based on applicants’ quality of experience and the extent they possess the following knowledge, skills, and abilities (KSA) or competencies:

  • Customer Service
  • Oral Communication
  • Problem Solving
  • Technical Competence

Your application, including the online Assessment Questionnaire, will be reviewed to determine if you meet (a) minimum qualification requirements and (b) the resume supports the answers provided to the job-specific questions. Your resume must clearly support your responses to all the questions addressing experience and education relevant to this position. Those determined to be in the best qualified category will be referred to the selecting official for consideration.

Note: If, after reviewing your resume and/or supporting documentation, a determination is made that you have inflated your qualifications and or experience, your score may be adjusted to more accurately reflect your abilities, or you may be found ineligible. Please follow all instructions carefully. Errors or omissions may affect your rating. Providing inaccurate information on Federal documents could be grounds for non-selection or disciplinary action up to including removal from the Federal service.

Clicking the link below will present a preview of the application form; i.e. the online questionnaire. The application form link below will only provide a preview and does not initiate the application process. To initiate the online application process, click the “Apply” button to the right.

To view the application form, visit: https://apply.usastaffing.gov/ViewQuestionnaire/11639484Benefits

A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.

Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.Required Documents

As a new or existing federal employee, you and your family may have access to a range of benefits. Your benefits depend on the type of position you have – whether you’re a permanent, part-time, temporary or an intermittent employee. You may be eligible for the following benefits, however, check with your agency to make sure you’re eligible under their policies.

The following documents are required for your applicant package to be complete. Our office cannot be responsible for incompatible software, your system failure, etc. Encrypted documents will not be accepted. Failure to submit required, legible documents may result in loss of consideration.

  • Resume that includes:1) personal information such as name, address, contact information; 2) education; 3) detailed work experience related to this position as described in the major duties including work schedule, hours worked per week, dates of employment; title, series, grade (if applicable); 4) other qualifications.
  • A current Certified General Appraiser license in at least one state whose certification standards comply with the minimum Federal standards for general appraiser certification in compliance with Title X of the Financial Institution Reform, Recover, and Enforcement Act of 1989 (FIRREA). (You must provide a copy of your current appraiser license certificate with your application in order to be considered).
  • If claiming veteran’s preference, you must submit a DD214, Certificate of Release from Active Duty, which shows dates of service and discharge under honorable conditions. If currently on active duty you must submit a certification of expected discharge or release from active duty service under honorable conditions not later than 120 days after the date the certification is submitted. Veteran’s preference must be verified prior to appointment. Without this documentation, you will not receive veteran’s preference and your application will be evaluated based on the material(s) submitted.
  • If claiming 10-point veteran’s preference you must provide the DD214 or certification requirements (see above bullet), plus the proof of entitlement of this preference as listed on the SF-15 Application for 10-point Veterans’ Preference. The SF-15 should be included but is not required. Failure to submit these documents could result in the determination that there is insufficient documentation to support your claim for 10-point preference. For more information on veterans’ preference visit FEDSHIREVETS
  • Surplus or displaced employees eligible for CTAP, RPL, or ICTAP priority must provide: proof of eligibility (RIF separation notice, notice of proposed removal for declining a transfer of function or directed reassignment to another commuting area, notice of disability annuity termination), SF-50 documenting separation (as applicable), and your most recent SF-50 noting position, grade level, and duty location with your application per 5 CFR 330.

If you are relying on your education to meet qualification requirements:

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.

Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.How to Apply

Please read the entire announcement and all instructions before you begin. You must complete this application process and submit all required documents electronically by 11:59 p.m. Eastern Time (ET) on the closing date of this announcement.

Applying online is highly encouraged. We are available to assist you during business hours (normally 8:00 a.m. – 4:00 p.m., Monday – Friday). If applying online poses a hardship, contact the Agency Contact listed below well before the closing date for an alternate method. All hardship application packages must be complete and submitted no later than noon ET on the closing date of the announcement in order to be entered into the system prior to its closing.

This agency provides reasonable accommodation to applicants with disabilities on a case-by-case basis; contact the Agency Contact to request this.

To begin, click “Apply” and follow the instructions to complete the Assessment Questionnaire and attach your resume and all required documents.

NOTE: If a document is resubmitted, it replaces the previous submission, which means the previous document is no longer available to the Human Resources Office. If you are adding to, rather than replacing a previous submission, you must upload both the old document and the new document. You must verify that uploaded documents from USAJOBS transfer into the Agency’s staffing system as there is a limitation to the number of documents that can be transferred. However, once in the Agency’s staffing system, you will have the opportunity to upload additional documents. Applicants may combine all like required documents (e.g. SF-50s or veteran docs) into one or more files and scan for uploading into the application. Each file must not exceed 3MB. Grouping like documents into files will simplify the application process. Documents must be in one of the following formats: GIF, JPEG, JPG, PDF, PNG, RTF, or Word (DOC or DOCX). Uploaded documents may not require a password, digital signature, or other encryption to open.Agency contact information Melissa ConawayEmail

melissa.may2@usda.govAddressFarm Service Agency
1400 Independence Ave SW
Washington, DC 20250
USLearn more about this agencyNext steps

Your application will be reviewed to verify that you meet the eligibility and qualification requirements for the position prior to issuing referral lists to the selecting official. If further evaluation or interviews are required, you will be contacted. Log in to your USAJOBS to check your application status. We expect to make a final job offer approximately 40 days after the deadline for applications.

Multiple positions may be filled from this announcement.Fair and Transparent

The Federal hiring process is set up to be fair and transparent. Please read the following guidance.

Required Documents

The following documents are required for your applicant package to be complete. Our office cannot be responsible for incompatible software, your system failure, etc. Encrypted documents will not be accepted. Failure to submit required, legible documents may result in loss of consideration.

  • Resume that includes:1) personal information such as name, address, contact information; 2) education; 3) detailed work experience related to this position as described in the major duties including work schedule, hours worked per week, dates of employment; title, series, grade (if applicable); 4) other qualifications.
  • A current Certified General Appraiser license in at least one state whose certification standards comply with the minimum Federal standards for general appraiser certification in compliance with Title X of the Financial Institution Reform, Recover, and Enforcement Act of 1989 (FIRREA). (You must provide a copy of your current appraiser license certificate with your application in order to be considered).
  • If claiming veteran’s preference, you must submit a DD214, Certificate of Release from Active Duty, which shows dates of service and discharge under honorable conditions. If currently on active duty you must submit a certification of expected discharge or release from active duty service under honorable conditions not later than 120 days after the date the certification is submitted. Veteran’s preference must be verified prior to appointment. Without this documentation, you will not receive veteran’s preference and your application will be evaluated based on the material(s) submitted.
  • If claiming 10-point veteran’s preference you must provide the DD214 or certification requirements (see above bullet), plus the proof of entitlement of this preference as listed on the SF-15 Application for 10-point Veterans’ Preference. The SF-15 should be included but is not required. Failure to submit these documents could result in the determination that there is insufficient documentation to support your claim for 10-point preference. For more information on veterans’ preference visit FEDSHIREVETS
  • Surplus or displaced employees eligible for CTAP, RPL, or ICTAP priority must provide: proof of eligibility (RIF separation notice, notice of proposed removal for declining a transfer of function or directed reassignment to another commuting area, notice of disability annuity termination), SF-50 documenting separation (as applicable), and your most recent SF-50 noting position, grade level, and duty location with your application per 5 CFR 330.

If you are relying on your education to meet qualification requirements:

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.

Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.How to Apply

Please read the entire announcement and all instructions before you begin. You must complete this application process and submit all required documents electronically by 11:59 p.m. Eastern Time (ET) on the closing date of this announcement.

Applying online is highly encouraged. We are available to assist you during business hours (normally 8:00 a.m. – 4:00 p.m., Monday – Friday). If applying online poses a hardship, contact the Agency Contact listed below well before the closing date for an alternate method. All hardship application packages must be complete and submitted no later than noon ET on the closing date of the announcement in order to be entered into the system prior to its closing.

This agency provides reasonable accommodation to applicants with disabilities on a case-by-case basis; contact the Agency Contact to request this.

To begin, click “Apply” and follow the instructions to complete the Assessment Questionnaire and attach your resume and all required documents.

NOTE: If a document is resubmitted, it replaces the previous submission, which means the previous document is no longer available to the Human Resources Office. If you are adding to, rather than replacing a previous submission, you must upload both the old document and the new document. You must verify that uploaded documents from USAJOBS transfer into the Agency’s staffing system as there is a limitation to the number of documents that can be transferred. However, once in the Agency’s staffing system, you will have the opportunity to upload additional documents. Applicants may combine all like required documents (e.g. SF-50s or veteran docs) into one or more files and scan for uploading into the application. Each file must not exceed 3MB. Grouping like documents into files will simplify the application process. Documents must be in one of the following formats: GIF, JPEG, JPG, PDF, PNG, RTF, or Word (DOC or DOCX). Uploaded documents may not require a password, digital signature, or other encryption to open.Agency contact information Melissa ConawayEmail

melissa.may2@usda.govAddressFarm Service Agency
1400 Independence Ave SW
Washington, DC 20250
USLearn more about this agencyNext steps

Your application will be reviewed to verify that you meet the eligibility and qualification requirements for the position prior to issuing referral lists to the selecting official. If further evaluation or interviews are required, you will be contacted. Log in to your USAJOBS to check your application status. We expect to make a final job offer approximately 40 days after the deadline for applications.

Multiple positions may be filled from this announcement.Fair & Transparent

The Federal hiring process is set up to be fair and transparent. Please read the following guidance.

Overview

posted in Appraiser News | Comments Off on Appraisal Jobs with the Department of Agriculture

29th July 2022

Appraisers getting a lot less appraisal work

Wow, what a difference a few months make. I know many of us are struggling with the lack of work at this time, but hopefully this will be a short term thing and work will go back to business as usual as it has in the past.

Over the past few years I am sure most of us have made the most you have ever made as a real estate appraiser, but just like in 2007, we all knew things had to change at some point.

For all of you that survived through the last real estate downturn when there was no work for months upon end, things eventually started to turn around and business just increased from that point.

So hang in there, stay positive and look for other ways to generate more appraiser income. Start working on expanding your non-lender work again and sign up to more AMCs. Talk with other appraisers online and find out what they are doing to survive.

Most appraisers outside of your work area, and even some of those in the same area are more than willing to share what is working for them. There are so many great groups on facebook that you can become a part of and connect directly with those that are interested in sharing information.

For now the Appraiser’s Club is closed because I want to revamp it to make it more functional. I hope to get back to teaching all my non-lender marketing techniques and how I get the most out of working with the AMCs. But after years of working 60-80 hour weeks I am not quite ready to jump in to redeveloping the website. If you are signed up to my newsletter, you will receive a notification when the club is available again.

Sorry I haven’t posted in a long time and I hope to be here again for you during this slow period.

I will also start posting job notifications for appraisers if you are looking for a paid position during this time.

Thanks again for being a loyal reader!

~ Bryan Knowlton

posted in Appraiser News | Comments Off on Appraisers getting a lot less appraisal work

11th December 2020

Help Jan Bellas of the AGA

As most are well aware Jan Bellas is a very important executive member of the AGA.  She works tirelessly for our members to help get them the results they need without a great deal of compensation for her efforts.  

Recently Jan suffered the loss of her husband due to Covid and cancer.  With that loss, comes the financial burden associated with it as well as having to take time off from performing her duties  at the AGA for all members.   

I am starting this fundraiser in the hopes that we all can give back and help Jan get through these trying times.   Jan fights very hard for all of our members, she puts in a great deal of time and energy into all cases that come before her and she does it because she cares about the profession and appraisers. 

Let’s show Jan some of that same support and care she gives to all of us by helping her during her time of need.  

Thank you for your support. 

Mark J Skapinetz. President AGA.  

~ even though their goal has been met, please continue to help! ~ Bryan

https://www.gofundme.com/f/help-jan-bellas-of-the-aga/

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9th December 2020

Happy Holidays!

Howdy to all my fellow appraisers! I know it has been an incredibly long time since I have made a post or updated this website or the Appraisers Club.

The past few years have been EXTREMELY busy to say the least and I am sure many appraisers are in the same boat. I can only hope so! It has been very hard to focus on anything other than completing appraisals and spending time with my family during these unprecedented times.

I just wanted to reach out briefly and thank you to everyone that has supported my online ventures in the past and will hopefully be making some free offerings in the beginning of next year to help other appraisers get more non-lender work.

Hope everyone is doing well, stay safe out there!

~ Bryan

posted in Appraiser News | Comments Off on Happy Holidays!

6th May 2020

Get Your AMC Directory Today

UPDATED: JANUARY 01, 2020

 

2020 Appraisal Management Company Directory
Fully Updated for 2020

    • Now With over 200 AMCs Listed
    • TOP 46 on the list send me 90% of all appraisal orders
    • TOP 10 on the list are my BEST clients
    • Money Back Guarantee

Published by a full time Real Estate Appraiser

Do you want more appraisal orders? Are you looking to recession proof your appraisal business by getting more Estate and FHA appraisal requests? Have you signed up to appraisal management companies and are still not getting any offers from the AMCs? Do you need a GOOD list with all the bad guys removed?

Don’t Hesitate! If you have any questions please contact me any time during the day! email me at bryan@appraiserincome.com and I will get back to you immediately!!!

…continue reading the rest of this post: Get Your AMC Directory Today

posted in Appraiser Marketing | Comments Off on Get Your AMC Directory Today

27th March 2020

2020 AMC DIR Available NOW

UPDATED: JANUARY 01, 2020

 

2020 Appraisal Management Company Directory
Fully Updated for 2020

    • Now With over 200 AMCs Listed
    • TOP 46 on the list send me 90% of all appraisal orders
    • TOP 10 on the list are my BEST clients
    • Money Back Guarantee

Published by a full time Real Estate Appraiser

Do you want more appraisal orders? Are you looking to recession proof your appraisal business by getting more Estate and FHA appraisal requests? Have you signed up to appraisal management companies and are still not getting any offers from the AMCs? Do you need a GOOD list with all the bad guys removed?

Don’t Hesitate! If you have any questions please contact me any time during the day! email me at bryan@appraiserincome.com and I will get back to you immediately!!!

…continue reading the rest of this post: 2020 AMC DIR Available NOW

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4th March 2020

AI Opposes Biden’s Call for More Appraisal Standards

Responding to presidential candidate Joe Biden’s call to “establish a national standard for housing appraisals,” the Appraisal Institute said March 2 that a new standard is “unnecessary … because one already exists.”

 The Appraisal Institute’s letter to Biden’s campaign agreed with his stated desire to end discriminatory and unfair practices in the housing market, and it noted that AI shares his expressed wish to tackle any racial bias that could lead to homes in communities of color potentially being appraised below their market value. 

“But the reality is that national appraisal standards and ethics requirements already require appraisers to perform their work with impartiality, objectivity and independence, without bias,” said the letter from Appraisal Institute 2020 President Jefferson L. Sherman, MAI, AI-GRS. “Real estate appraisers are not the culprit.” 

The Appraisal Institute’s letter noted that under the Uniform Standards of Professional Appraisal Practice, known as USPAP, appraisers “must not use or rely on unsupported conclusions relating to characteristics such as race, color, religion, national origin, gender, marital status, familial status, age, receipt of public assistance income, handicap, or an unsupported conclusion that homogeneity of such characteristics is necessary to maximize value.”  

AI’s letter also said: “To be quite frank, the assertion that appraisers would systematically undervalue or overvalue real estate due to these factors is absurd and shows a profound misunderstanding of the real estate valuation profession. Appraisers have nothing to gain by such behavior, and in doing so we would lose the hard-fought public trust we have achieved over many, many years.” 

The letter concluded: “Since national appraisal standards and ethics requirements already are in place, and since those requirements are enforced as law, there is no need for additional standards.

We urge you to reconsider your position, and we look forward to working with you to tackle community and economic development challenges facing this country.” 

Read the Appraisal Institute’s letter to the Biden campaign. See Biden’s housing position on his website.

original article: https://www.appraisalinstitute.org/ano/ai-opposes-bidens-call-for-more-appraisal-standards/

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24th February 2020

Average U.S. Home Seller Profits Hit $65,500 in 2019, Another New High

Post featured image

Median Home Sales Prices Reach Record High of $258,000 in 2019; Homeowners Staying Put Longer as Average Homeownership Tenure Rises to New High

IRVINE, Calif. – Jan. 23, 2020 — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its Year-End 2019 U.S. Home Sales Report, which shows that home sellers nationwide in 2019 realized a home price gain of $65,500 on the typical sale, up from $58,100 last year and up from $50,027 two years ago. The latest profit figure, based on median purchase and resale prices, marked the highest level in the United States since 2006 – a 13-year high.

That $65,500 typical home seller profit represented a 34 percent return on investment compared to the original purchase price, up from 31.4 percent last year and up from 27.4 percent in 2017, to the highest average home-seller ROI since 2006.

Both raw profits and ROI have improved nationwide for eight straight years. However, last year’s gain in ROI – up less than three percentage points – was the smallest since 2011.

“The nation’s housing boom kept roaring along in 2019 as prices hit a new record, returning ever-higher profits to home sellers and posing ever-greater challenges for buyers seeking bargains. In short, it was a great year to be a seller,” said Todd Teta, chief product officer at ATTOM Data Solutions. “But there were signs that the market was losing some steam last year, as profits and profit margins increased at the slowest pace since 2011. While low mortgage rates are propping up prices, the declining progress suggests some uncertainty going into the 2020 buying season.”

Among 220 metropolitan statistical areas with a population greater than 200,000 and sufficient historical sales data, those in western states continued to reap the highest returns on investments, with concentrations on or near the west coast. Metro areas with the highest home seller ROIs were in San Jose, CA (82.8 percent); San Francisco, CA (72.8 percent); Seattle, WA (65.6 percent); Merced, CA (63.2 percent) and Salem, OR (62.1 percent). The top four in 2019 were the same areas that topped the list in 2018.

posted in Appraiser News | Comments Off on Average U.S. Home Seller Profits Hit $65,500 in 2019, Another New High

20th February 2020

Fannie Mae’s Economic Theme for 2020: A Resilient Economy Overcomes Risks to Drive Housing

WASHINGTON, DC – In 2020, consumer spending, business fixed investment, and housing are all expected to contribute meaningfully to another year of positive growth in what continues to be the longest economic expansion in U.S. history, according to the latest commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. The full-year 2020 growth forecast stands at 2.1 percent, while full-year 2019 real GDP growth was upgraded by one-tenth in the January forecast to 2.4 percent due to an unexpectedly strong contribution from net exports.

“While we believe the strength and resilience of the American consumer is the lynchpin of near-trend GDP growth, this year we expect consumer demand to re-establish housing construction as a significant contributor to economic growth – hence our theme for the year: A resilient economy overcomes risks to drive housing,” said Fannie Mae Senior Vice President and Chief Economist Doug Duncan. “Strong labor markets, rising wages, and improved household balance sheets offer consumer spending upside potential, including the ability to withstand minor economic disruptions.”

“Simmering geopolitical tensions, trade concerns, potential equity overvaluation, and weakening manufacturing data suggest the risks to our forecast are skewed slightly to the downside, while accelerating global growth and consumer spending power offer upside and greater balance than in previous forecasts,” said Duncan. “We also continue to expect the Fed to maintain its hands-off approach to monetary policy in the new year, with no changes to the target federal funds rate despite persistently low inflation.”

Continued strength in labor markets and household balance sheets support the ESR Group’s expectation that consumer spending will remain both healthy and resilient – and perhaps even surprise to the upside – through 2021. Lackluster manufacturing data in the fourth quarter did lead the Group to pull forward into 2020 its forecast of a prolonged uptick in business fixed investment (BFI), with BFI now forecast to accelerate from 0.3 percent annual growth in 2019 to 2.9 percent in 2020.

The ESR Group also expects housing to carry into 2020 its late-2019 reemergence as a source of economic strength. Single-family construction is expected to report solid growth, with housing starts accelerating due to strong permits data and growing optimism among homebuilders. Low mortgage rates and labor market strength should continue to provide demand support, as made evident in part by the Fannie Mae Home Purchase Sentiment Index® re-approaching its survey high in recent months.

“Strong consumer demand and low mortgage rates – as well as moderate improvements to supply – have housing well-positioned for a come-back year in 2020,” Duncan continued. “While we expect housing to regain its place as an economic growth driver after a period of relative sluggishness, we recognize that the problems of affordability and inventory are likely to persist for the forecast horizon. Homebuilders have begun to accelerate the pace of single-family construction, including in the much-needed affordable space, but supply constraints still exist. In many areas, that demand-supply imbalance continues to contribute to entry-level home prices outpacing wage gains, exacerbating the affordability challenge.”

Visit the Economic & Strategic Research site at fanniemae.com to read the full January 2020 Economic Outlook, including the Economic Developments Commentary, Economic Forecast, Housing Forecast, and Multifamily Market Commentary. To receive e-mail updates with other housing market research from Fannie Mae’s Economic & Strategic Research Group, please click here.

Opinions, analyses, estimates, forecasts, and other views of Fannie Mae’s Economic & Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.

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